Niobec Mine Expansion Project

Magris Resources Inc., the proponent, proposes to substantially increase ore production at the Niobec mine, located in Saint-Honoré, in the Saguenay region, by changing its underground mining method. This would increase the ore production capacity from 2.2 to 10 million tonnes per year and triple the annual production of ferroniobium. The proposed project would have a 40-year life span and would include the construction of a new industrial complex with facilities to handle the ore treatment and the disposal of additional volume of tailings.