Latest news with #NioBayMetalsInc
Hamilton Spectator
29-07-2025
- Business
- Hamilton Spectator
NioBay Closes $2.2 Million Charity Flow-Through Private Placement
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. FOR MORE INFORMATION, CONTACT:
Yahoo
10-06-2025
- Business
- Yahoo
NioBay Announces the Start of Its 2025 Drill Campaign on Its Crevier Project
MONTRÉAL, June 10, 2025 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ('NioBay' or the 'Company') (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the start of a drilling campaign on the Crevier property (the '2025 Campaign'), located approximately 50 km north of the town of Girardville and approximately 150 km from the Niobec mine (the 'Project'). It is located within the Nitassinan territory of the Pekuakamiulnuatsh, whose main population center is Mashteuiatsh. The Project is easily accessible via existing logging roads. The 2025 Campaign is made possible by a grant from the Ministère des Ressources naturelles et des Forêts (MRNF) under the Mining Exploration Support Program for Critical and Strategic Minerals. The drilling will be large in diameter (HQ) in order to collect a maximum quantity of material. Bulk sampling is also planned and will be combined with the drill core collected to produce a sample of more than 125 metric tons, representative of the extension zones. Figure 1: Location of 2025 drill holesNioBay is pleased to announce that this campaign will be carried out by the Premières Nations drilling company in Mashteuiatsh. Geological supervision has been entrusted to the Saguenay firm IOS Services Géoscientifiques. It should be noted that the latter was also involved in previous drilling campaigns on this site. Message from NioBay's President and Chief Executive Officer on Crevier 'This campaign will allow us to recover more material than during the 2023 campaign. In addition, this work will allow us to test the extensions of the known zone. Building on our first pilot plant, this campaign prepares us for our next pilot plant, which will be ten times larger than the first. We will use this second pilot plant to manufacture more product for our potential customers. Once again, we are pleased to carry out this work with the support of a local labor force, such as Forage Premières Nations of Mashteuiatsh and IOS Services Géoscientifiques of Chicoutimi,' says Jean-Sébastien David, President and CEO. Qualified Person This press release has been reviewed and approved by Jean-Sébastien David, a qualified person under National Instrument 43-101. Mr. David is President and Chief Executive Officer of NioBay. 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. Cautionary Statement Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company's plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law. FOR MORE INFORMATION, CONTACT: NioBay Metals David, & Chief Executive OfficerTel.: 514 866-6500jsdavid@ Kimberly Darlington Investor Relations kimberly@ Tel: 514-771-3398 A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
NioBay Makes Its First Product Deliveries to Potential Customers/Partners
MONTRÉAL, June 03, 2025 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ('NioBay' or the 'Company') (TSX-V: NBY) (OTCQB: NBYCF) is proud to announce its first product deliveries from the SGS pilot plant in Québec City. This work was made possible by a grant from the Ministère des Ressources naturelles et des Forêts (MRNF) under the Mining Exploration Support Program for Critical and Strategic Minerals for its Crevier niobium and tantalum project (the 'Crevier Project'). The Crevier Project is located approximately 50 km north of the town of Girardville and approximately 150 km from the Niobec mine. It is located in the Nitassinan (or ancestral territory) of the Pekuakamiulnuatsh, whose main population center is Mashteuiatsh. Grant The grant titled: 'Demonstration of the niobium-tantalum concentration process on a pilot scale and production of niobium and tantalum oxides from the Crevier Project deposit located in the Lac St-Jean region' allowed us to test the robustness of our process diagram. A first delivery to a potential customer/partner will allow us to verify, with this consumer, that our product can meet the specifications required by them. Other shipments will follow during the month to other potential customers/partners who have already indicated their desire to receive the product. The Company will also distribute the concentrate to research partners involved in this project. These include Université Laval, CENET, and URSTM. These partners will conduct trials to test 'unconventional' avenues for producing ANO (Niobium Ammonium Oxalate). For the time being, the Crevier Project will focus exclusively on the production of niobium oxide for battery manufacturers and tantalum oxide for high-tech applications. Message from NioBay's President and Chief Executive Officer on Crevier 'We have just brought the Crevier Project to a new level in its history. These first deliveries to Europe are just the beginning. Consumer trials will allow us to continue the dialogue and work with these potential customers to deliver a product that meets their requirements. We hope our shareholders will be proud of this progress and we thank them in advance for their support,' concluded Mr. Jean-Sébastien David. Qualified Person This press release has been reviewed and approved by Jean-Sébastien David, a qualified person under National Instrument 43-101. Mr. David is President and Chief Executive Officer of NioBay. 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. Cautionary Statement Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company's plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law. FOR MORE INFORMATION, CONTACT: NioBay Metals David, & Chief Executive OfficerTel.: 514 866-6500jsdavid@ Kimberly Darlington Investor Relations kimberly@ 514-771-3398Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-02-2025
- Business
- Yahoo
NioBay Metals Intercepts Up to 22% Titanium (TiO₂) in its Drillings on Zone 1 of the Foothills Property
MONTRÉAL, Feb. 26, 2025 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ('NioBay' or the 'Company') (TSX-V: NBY) (OTCQB: NBYCF) is proud to announce that it has intercepted titanium in several of the surface drill holes carried out in Zone 1, on the Foothills Property, located on the lands of the Séminaire de Québec. The Company had filed an application for authorization for impact projects with the Ministry of Natural Resources with the aim of carrying out a drilling campaign as soon as authorization is received. Below, the Company provides the results of the TiO2 mineralized zones of interest, from the fall 2024 exploration campaign. The Foothills project is located north of Saint-Urbain, 100 km north of Québec City and 90 km south of Saguenay (La Baie region), Québec. The project covers an approximate area of 285 km2 and includes five separate claim blocks. It covers most of the contact of the intrusive zone known as the Saint-Urbain anorthosite. It should be noted that the drilling work generated 32.14 tonnes of CO2 equivalents. A donation was granted to Carbone Boreal (Université du Québec à Chicoutimi) as compensation. Table of ResultsIntersections calculated for a cut-off grade of 8% Ti, a minimum length of 1 m and a maximum internal dilution of 1 m. Drill Hole From (m) To (m) Length (m) Dilution (m) TiO2 (%) 1625-24-002 89.75 153.00 63.25 1.00 10.57 1625-24-002 185.00 186.80 1.80 0.00 17.09 1625-24-002 220.80 226.55 5.75 0.00 22.36 1625-24-003 135.25 149.00 13.75 0.00 12.62 1625-24-003 151.00 156.00 5.00 0.50 19.13 1625-24-003 172.30 180.00 7.70 0.00 14.44 1625-24-004 154.10 158.40 4.30 0.00 14.73 1625-24-006 16.50 18.80 2.30 0.00 9.22 1625-24-006 25.00 30.45 5.45 0.70 11.76 1625-24-006 37.00 38.00 1.00 0.00 8.01 1625-24-006 48.00 49.00 1.00 0.00 14.60 1625-24-007 44.20 47.00 2.80 0.00 11.14 1625-24-007 49.00 62.65 13.65 0.00 10.56 June 2024 prospecting area and sample locations Map 2: Location of Drill SitesMessage from the President'We are finally able to present our results from Zone 1. We were pleasantly surprised by the grade in certain holes. The next step will be to drill on a section of Zone 3. The application for authorization for this zone have been filed. Remember that sector 3 has demonstrated very good surface values in titanium (Press release of August 7, 2024)', concluded Mr. David. PDAC 2025NioBay will be at PDAC again this year from March 2nd to the 5th inclusively, at the Toronto Convention Centre. Come meet us at booth 3015. Qualified PersonsThis press release has been reviewed and approved by Mr. Mikael Block, a Qualified Person under National Instrument 43-101. Mr. Block is a Project Manager employed by IOS Services Géoscientifiques. About NioBay Metals 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 Pekuakamiulnuatsh First Nation. The Company has also the option to acquire an 80% interest in the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Quebec. About Titanium Titanium (Ti) is as strong as steel, but much less dense. It is therefore important as an alloying agent with many metals, including aluminum, molybdenum and iron. These alloys are mainly used in aircraft and spacecraft because of their low density and ability to withstand extreme temperatures. They are also used in sports equipment, laptops, bicycles and medical prostheses. Recently, this metal has been used in some battery components. Cautionary StatementCertain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company's plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law. 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. FOR MORE INFORMATION, CONTACT: NioBay Metals David, MPMPresident & CEOjsdavid@ Kimberly Darlington Investor Relations kimberly@ 514-771-3398 Photos accompanying this announcement are available athttps:// in to access your portfolio
