Niobec in Quebec The average grades of major mineralised envelopes are 0.44% to 0.51% Nb2O5.
In 2015 . Hard to work out if it was in production but was sold for 530m US
On January 22, 2015, IAMGOLD Corporation (IAMGOLD) completed the sale of its Niobec Mine (Niobec), one of the world’s three niobium producers, for total consideration of US$530 million.
The buyer is a consortium comprised of Magris Resources Inc., CEF Holdings Limited, a Hong Kong-based investment company owned 50% by Cheung Kong (Holdings) Limited and 50% by the Canadian Imperial Bank of Commerce, and Temasek, a Singapore-based investment company. On closing,
IAMGOLD received a cash payment of US$500 million. In addition, IAMGOLD is entitled to receive US$30 million when the adjacent rare earth element (REE) deposit goes into production and a 2% gross proceeds royalty will be payable on any REE production.
Since then the price of Niobium has skyrocket.
GBE at 50M
IMO
GBE Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
