QUEBEC Shareholders of SEQUOIA MINERALS have voted 99.6% to approve the merger of their company with CAMBIOR INC. Sequoia will become a wholly-owned subsidiary of Cambior. When the transaction closes, Sequoia shares will be delisted from the Toronto Stock Exchange.
Sequoia’s chief asset is its 50% stake in the Niobec niobium mine north of Chicoutimi. When that interest comes into the Cambior fold, Cambior will hold 100% of North America’s only ferroniobium producer and assume operation of the project. Sequoia also has interests in the Lac Knife graphite deposit and the wollastonite project, both in northern Quebec.
More information about the Niobec mine is posted at www.cambior.com.