Niobay Announces a New Member to Its Board of Directors
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Press release
TSX-V: NBY & OTCQB : NBYCF
NIOBAY ANNOUNCES A NEW MEMBER TO ITS BOARD OF DIRECTORS
Montréal, Québec, November 28, 2024 - NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB:
NBYCF) is pleased to announce the appointment of Ms. Josianne Beaudry to the Bo ard of Directors of the
Company. Ms. Beaudry is a partner at Lavery, de Billy, L.L.P. and a member of their Business law group. Her
practice is primarily focused on securities law, invest ment funds and mining law. She assists clients carrying out
public and private financings, corporate reorganizations, as well as mergers and acquisitions.
Ms. Beaudry is also a director of the Association de l’exploration minière du Québec, a member of the Corporate
Finance Advisory Committee of the Autorité des marches fi nanciers as well as a member of the Québec Local
Advisory Committee of the TSX Venture Exchange. Ms. Beaudry has been a member of the Barreau du Québec
since 2000.
In addition, the Company has approved the grant of 150,000 incentive stock options to Ms Beaudry. One third
of such stock options will vest imme diately and the remaining stock options are subject to a two year vesting
period. They have a seven-year term at an exercise price of $0.065. The stock options have been granted
pursuant to the Company’s Stock Option Plan and are s ubject to applicable securities laws and TSX Venture
Exchange policies.
Private Placement
The Company is also pleased to announce the closing of a second (and final) tranche of the private placement
announced on November 25, 2024 (the “Offering”). In connection with this second tranche, the Company raised
proceeds of approximately $50,000 from the sale of 588,230 Quebec-eligible flow-through units of the Company
(each, a “Québec FT Unit”) at a price of $0.085 per Quebec FT Unit.
Each Québec FT Unit consists of one common share of the Company issued as a “flow-through share” within the
meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) and one half of one common share
purchase warrant (each whole warrant, a “ Warrant”). Each whole Warrant entitles the holder to purchase one
Common Share at a price of $0.13 at any time for a period of 24 months.
All securities issued under this second tranche are subject to a hold period under applicable securities laws, which
will expire on March 28, 2025. No finder’s fee was paid in connection with this second tranche, which was dealt
at arm’s length.
The Company will use the proceeds from the Offering fo r exploration of critical minerals in Québec. In the
aggregate, the Company has issued 4,129,406 Québec FT Units in connection with the Offering ($351,000).
The Offering remains subject to the final approval of th e TSX Venture Exchange. The securities described herein
have not been, and will not be, registered under the United States Securities Act , or any state securities laws,
and accordingly may not be offered or sold within the Un ited States except in compliance with the registration
requirements of the U.S. Securities Act and applicable st ate securities requirements or pursuant to exemptions
therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any
jurisdiction.
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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 prioriti zing 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 a 80% interest in
the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Quebec.
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
delivering other benefits such as better performance, improved safety and increased value.
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 a lloys 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 Statement
Certain statements contained in this press release cons titute forward-looking information under the provisions
of Canadian securities laws including statements abou t 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 Inc.
Jean-Sebastien David, geo.
President & Chief Executive Officer
Tel.: 514 866-6500
www.niobaymetals.com
Kimberly Darlington
Investor Relations
Tel: 514-771-3398