Niocan Inc. (CA:NIO 0.34, +0.04, +13.33%)reported that the company has received positive preliminary metallurgical testing results for its iron ore property.

The press release is quoted as saying:

Niocan's mission is to become a ferroniobium producer as soon as possible, following the issuance of a Certificate of Authorization from the Ministry of Sustainable Development, Environment and Parks for its Oka niobium property. Mining assets include mining rights in two (2) properties: 48 claims covering 1604 acres as well as surface rights on 231 acres at Oka and the Hudson Bay Great Whale Iron property covering 17,098 acres.

Click here to access the entire press release ^[1]

Click here to access Niocan Inc Corporate Site ^[2]