NioBay Closes $2.2 Million Charity Flow-Through Private Placement

4 days ago

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
MONTRÉAL, July 29, 2025 (GLOBE NEWSWIRE) — NioBay Metals Inc. ('NioBay' or the 'Company') (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce that it has closed a non-brokered private placement financing for total gross proceeds of $2,238,231.52 (the 'Offering'). Under the Offering, NioBay issued 23,808,846 units of the Company on a charity flow-through basis (the 'Charity FT Units') at a price of $0.094 per Charity FT Unit. Each Charity FT Unit consists of one common share of the Company (a 'Common Share') that qualifies as a 'flow-through share' pursuant to subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) and one common share purchase warrant of the Company (a 'Warrant'). Each Warrant entitles the holder thereof to purchase one Common Share on a non flow-through basis at an exercise price of $0.10 for a period of 24 months.
Upon closing, the Company paid (i) a cash finder's fee of $14,000 to Wealth Creation Preservation and Donation Inc, (ii) a cash finder's fee of $57,654 and issued 621,600 finder's warrants (the 'Compensation Warrants') to EMD Financial Inc, and (iii) a cash finder's fee of $3,500 and issued 53,846 Compensation Warrants to Alpha Bronze, LLC. Each Compensation Warrant is exercisable to purchase one Common Share at an exercise price of $0.10 per share for a period of 24 months.
The Company intends to use the proceeds of the Offering to fund exploration work on its properties located in Québec.
Niobay's President and Chief Executive Officer, Jean-Sébastien David, commented: 'We are very pleased with the support received for this financing and having received support from people or companies that focus on the long term, such as SIDEX. These funds will enable us to continue advancing our critical and strategic metals project, Crevier. We will prepare ore for a second pilot test in order to provide additional samples and update our resources. We are hopeful that we will be positive results based on the field work carried out in recent years.'
The Offering was completed pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. The securities issued under the Offering are subject to a four-month-and-one-day statutory hold period expiring on November 30, 2025.
About NioBay Metals Inc.
NioBay aims to become a leader in the development of mine(s) with low carbon consumption and responsible water and wildlife management practices while prioritizing the environment, social responsibility, good governance, and the inclusion of all stakeholders. Our top priority, which is critical to our success, is the consent and full participation of the Indigenous communities in whose territories and/or on ancestral lands we operate. In addition to others properties, NioBay holds a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. NioBay also holds a 72.5% interest in the Crevier Niobium and Tantalum project located in Québec and on the Nitassinan territory of the Pekuakaminulnuatsh First Nation. The Company has also the option to acquire a 80% interest in the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Québec.
About Niobium
Niobium is a naturally occurring element. It is a metal that is ductile, malleable and highly resistant to corrosion. Because it enhances properties and functionalities, niobium is used in a wide range of materials and applications in the Mobility, Structural and Energy sectors. Niobium transforms materials. When added to materials like steel, glass and aluminum castings, niobium makes them more efficient and lowers environmental impacts, while also increased value.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
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Automakers Bet on Performance EVs to Revive Slowing Demand

Miami Herald

11 hours ago

Miami Herald

Automakers Bet on Performance EVs to Revive Slowing Demand

The new Lyriq-V is the fastest Cadillac ever. It's also the first all-electric member of Caddy's high-performance V-Series – though it won't be the last, with the Optiq-V soon to follow. The General Motors luxury brand is just the latest in a growing list of automakers rolling out high-performance battery-electric vehicles which, in many cases, are the fastest products those automakers have ever brought to market, like the Hyundai Ioniq 5 N. "It really puts a halo around our Ioniq EV brand," said Olabisi Boyle, senior vice president of product planning and mobility strategy for Hyundai Motor North America. And, at a time when demand for EVs is slowing, that could continue to bring new buyers into showrooms, Boyle added. Related: Hyundai Ioniq 5 N First Drive Review: Mega fun everywhere, not just 0-60 While many folks still think of EVs as slow and stodgy, they've fallen behind the times. The reality is that electric motors can make gobs of wheel-spinning torque. More importantly, that torque comes on all but instantaneously, while even the most powerful internal combustion engines need to rev up before delivering maximum performance, explained Sam Fiorani, lead analyst with AutoForecast Solutions. And, when looking at the specs, it's not always an apples-to-apples comparison, Fiorani added. "There are more losses" when you're talking about gas-driven powertrains so an EV can often outperform a gas model with seemingly better specs. The 2026 Cadillac Lyriq-V is a case in point. With 615 horsepower and 680 lb-ft of torque, the new EV package can launch from 0-60 mph in a mere 3.3 seconds, a tenth of a second faster than the Cadillac CT5 Blackwing – which is nearly 1,800 pounds lighter and punches out 668 horsepower and 659 lb-ftof torque. A lot has changed since the first mass market battery-electric vehicle, the Nissan Leaf, came to market in 2011. "EVs are no longer fancy golf carts," said Sam Abuelsamid, lead data cruncher for Telemetry Research. "It's been quite conclusively demonstrated EVs can be incredibly quick." Even base models often outperform the top-line gas packages in comparable product lines, the Ioniq 5 being a case in point. And when it comes to upper-end models, EVs are becoming increasingly difficult to beat. The Lucid Air Sapphire and Tesla Model S Plaid are good examples. Able to hit 60 in less than two seconds, they deliver the sort of off-the-line acceleration one might loosely compare to what it's like taking off from a modern aircraft carrier. Related: 2026 Lucid Air Gives Tesla More Reasons To Worry "From a technical perspective, it's easy to make a really fast EV – a lot easier than a really fast gas car," said Ed Kim, president of AutoPacific, Inc., an auto industry think tank. That's one reason why exotic brands like Ferrari, Lamborghini and Porsche have begun embracing battery-electric propulsion. The German marque recently launched its second EV, the Macan Electric SUV, with battery-powered replacements coming for both Boxster and Cayman – and more to follow. For its part, General Motors is adding high-performance versions of virtually all of its EVs, the new Chevrolet Blazer SS being one example. Like many of its competitors, GM is responding to the slowdown in EV growth by rethinking the commitment "to an all-electric future" CEO Mary Barra made around the beginning of the decade. But it is far from walking away entirely. If anything, it now plans to offer more "electrified" variants to its line-up, taking advantage of both the better energy efficiency and performance of electric motors. The Chevrolet Corvette is a good example. An all-electric version currently is on hold. But Chevy just debuted the most powerful version of "America's sports car" ever, the Corvette ZR1X. Making 1,250 from its hybrid drivetrain, the 2026 Chevrolet Corvette ZRX1 will launch from 0-60 in "under 2 seconds," the bowtie brand told reporters during a background briefing in June. Related: Chevy Corvette ZR1X Leaves Nowhere for Hypercars to Hide And electrifying the Corvette doesn't just deliver straight line acceleration. For those pushing performance to the limit, whether on track or the street, "You can take advantage of the torque" said chief chassis engineer Cody Bulkley, "to dig you out of a corner." Critically, both Bulkley and Chief Engineer Josh Holder told Autoblog, it is becoming ever more difficult, if at all possible, to beat the performance of an all-electric or an electrified powertrain with a pure internal combustion package. Though Dodge is getting ready to launch a gas version of the all-new Charger, company officials say it won't come close to matching the performance of the all-electric Charger Daytona package. We'll be seeing plenty more EV performance packages coming to market over the next few years, even as automakers slow the overall roll-out pace for battery models. Hyundai, for one, is getting ready to launch production of the new Ioniq 6 N. The goal isn't to deliver a high-volume product, nor even to recoup the investment in the performance version of the sedan, according to Manfred Harrer, head of Hyundai's Performance Development Tech Unit. "Normally, you're always running the business case first, and the investment, and the material cost, and the volume behind it," he told "But here, it was clear if we have the ideas to improve the car, make it faster, increase the performance, make it easier to drive, do it." Hyundai planner Boyle put that another way: at a time when market sentiment, particularly in the U.S. has grown less friendly to EVs, it helps to downplay traditional selling points like energy efficiency and climate change, focusing instead on the things that auto buyers always seem drawn to. And performance has always been a great way to sell cars. Copyright 2025 The Arena Group, Inc. All Rights Reserved.