In a Nutshell
The Niobec mine is located in the municipality of Saint-Honoré in the Saguenay-Lac-Saint-Jean region, approximately 200 kilometres north of Québec city. It is the only underground niobium mine, and one of the three main niobium producers in the world. The mine’s current production accounts for approximately 8 to 10% of the world’s production which varies according to the shifts in global supply and demand from year to year.
Niobec Inc. was duly incorporated under its charter and the Canada Business Corporations Act. Magris Resources officially became the new owner of Niobec on January 22, 2015.