NioBay initiates test works for the production of battery Ggade Niobium. NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) an Environmental Sustainable Governance Indegenous (ESGI) Company announce the beginning of a series of hydrometallurgical process testing for the production of battery grade niobium at its James Bay Niobium project located on Moose Cree First Nation traditional territory, 42 km south of Moosonee, Ontario.
NioBay has identified a number of companies, including Toshiba, QuantumScape, and other private companies, who are making use of niobium to develop revolutionary battery technologies. Niobium-based materials enable super-fast charging times (1 to 10 minutes or a charge rate of 60C to 6C), increased battery safety, long cycle life (+10,000 charge cycles) and improved Electric-Vehicle (EV) performance.
Serge Savard, Company Chairman:
Current EV technology is unable to compete with the performance, reliability and re-fueling times associated with Internal Combustion Engine (ICE) Vehicles; with Niobium based technologies that is no longer the case.
“Niobium based batteries will charge cleaner, safer, and faster than ICE Vehicles. I’m delighted to be part of the green revolution, and projects that are the seed to the change”.
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It is NioBay’s understanding that CBMM the world’s leading niobium producer, estimates that yearly niobium oxide demand, driven by growth in the battery market, will increase from 100 tonnes in 2020 to 45,000 tonnes by 2030.
Notable figures in the world of chemistry, including Prof. John B. Goodenough, co-inventor of the lithium-ion battery and recipient of the Nobel Prize in Chemistry, support the use of Niobium in the next generation of battery technology.
Claude Dufresne, President & CEO of NioBay Metals Inc:
New niobium battery technology will completely change our perceptions of electric vehicles, but the benefits of niobium are not just limited to passenger EVs.
NioBay believes that the role of niobium in future batteries will serve to complement its other advantages, including high heat resistance, strength, and weight reduction when combined with steel.
“When you combine all these advantages together, you have something special, and it is likely that we will soon see niobium batteries in commercial vehicles, Formula E racing cars, power tools, automated warehouse vehicles, and robotics. Even eVTOL flying cars are in the spot light, with niobium based technologies providing both the power and weight reduction necessary for electric aircraft to take off vertically.”
“The development of niobium battery technology is creating a great opportunity and we are well positioned to participate in its development. The test program on James Bay Niobium ore is only the beginning, and the program could well expand to our Crevier niobium and tantalum asset in Quebec. In addition, we will continue to spend the necessary resources to measure the potential of the 6-minute EV battery charge.’’
The first series of tests will be performed by SGS Canada in Lakefield, Ontario, and first results are expected in 4 to 6 months.
NioBay Initiates Test Works for the Production of Battery Grade Niobium, Montreal, April 6,2021
