Mr. Murray Nye reports
NIOB ADDS TO CRITICAL MINERALS PORTFOLIO
North American Niobium and Critical Minerals Corp. is continuing to pursue its district-scale strategy of building an extensive portfolio of properties that are highly prospective for niobium and rare-earth elements. It has acquired the Kanawata property through staking, which covers an interpreted ijolite-carbonatite alkaline intrusion - the same class of intrusion that hosts significant niobium (Nb) and rare-earth-element (REE) deposits.
"Our long-term goal is to become a leading supplier of critical metals," said North American Niobium's chief executive officer, Murray Nye. "So we are developing a pipeline of targets that meet our geological criteria. Kanawata is a good fit: it is in the right area and shows indications of geology similar to that of Quebec's Oka and Niobec mines, two of the most significant niobium and rare-earth deposits in the world."
Highlights
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Kanawata property acquired: North American Niobium has acquired the Kanawata property through staking. Located approximately 50 kilometres south of Wemotaci in the Mauricie region of Quebec's Grenville province, Kanawata covers an interpreted ijolite-carbonatite alkaline intrusion.
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A globally important deposit type: Ijolite-carbonatite alkaline complexes host the Oka niobium and Saint-Honore (Niobec) niobium and rare-earth mining complexes, both in Quebec.
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District-scale strategy: The acquisition extends NIOB's Quebec critical-minerals footprint, as part of its focus on alkaline systems prospective for niobium and rare earths.
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Next steps: Following an initial one-day reconnaissance field program, a first-pass exploration program -- geological mapping, prospecting and sampling -- is planned to confirm and characterize the interpreted intrusion; additional work remains to be done.
The Kanawata property
The company has staked the Kanawata property and holds a 100-per-cent interest. The property is located approximately 50 kilometres south of Wemotaci, in the Mauricie region of Quebec's Grenville province.
As the property was acquired by staking (claims registered directly with the government of Quebec) rather than purchased or optioned, there is no third party vendor, and no purchase price, share issuance or royalty is associated with the acquisition.
The property was acquired to test an interpreted ijolite-carbonatite alkaline intrusion. A portion of this intrusion has been mapped as ijolite by the government of Quebec through its regional geological mapping.
Ijolite is a nepheline-rich alkaline plutonic rock and a characteristic component of ijolite-carbonatite ring complexes. Globally, this class of alkaline-carbonatite complex hosts some of the world's most significant niobium and rare-earth deposits, including Quebec's Oka niobium complex and the Niobec niobium-rare-earth complex in Saint-Honore.
An initial one-day reconnaissance field program has been completed on the property and additional work remains to be done. The company plans to advance Kanawata with a first-pass exploration program -- including geological mapping, prospecting and rock sampling, and, as warranted, geophysics -- to confirm and characterize the interpreted alkaline intrusion.
Cautionary note on analogues
Oka and Niobec are referenced only as examples of the deposit type associated with ijolite-carbonatite complexes. These deposits are not located on the Kanawata property, and mineralization hosted by them is not necessarily indicative of the mineralization, if any, on the Kanawata property. Kanawata is an early stage exploration target; no mineral resource has been identified on it, exploration is at a very preliminary stage and there is no assurance that exploration will establish the presence of economic mineralization.
The characterization of the Kanawata property as an ijolite-carbonatite alkaline intrusion is an interpretation based on Quebec government geological mapping, which maps a portion of the intrusion as ijolite; the qualified person has reviewed that public-domain data, but it has not been verified by drilling or sampling on the property and is relied upon only as an early stage indicator of prospectivity.
Qualified person
The scientific and technical information contained in this news release has been prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Clyde McMillan, PGeo, a consultant to the company and a qualified person as defined under NI 43-101, has reviewed and approved the technical information contained herein.
About
North American Niobium and Critical Minerals Corp.
North American Niobium and Critical Minerals is a North American mineral exploration company focused on the acquisition and development of precious, base, and critical mineral assets. Its portfolio includes the Silver Lake property in British Columbia's Omineca mining division and a district-scale land package covering 29,936 hectares in Quebec's Grenville province. The Quebec properties host rare-earth element, niobium and nickel-copper occurrences, expanding the company's footprint into critical minerals that are strategically important for energy and defence applications.
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