NioBay Metal announces agreement with Tribal Logistics/Expedition Helicopter and updated agreement with Moose Cree First Nation
Press release
TSX-V: NBY OTCQB:NBYCF
NioBay Metal announces agreement with Tribal
Logistics/Expedition Helicopter and updated agreement with
Moose Cree First Nation
Montreal, Quebec, January 10, 2022 – NioBay Metals Inc. ("NioBay" or the "Company") (TSX-
V: NBY) (OTCQB: NBYCF), a company focused on exploration, development and use of critical
green metals with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus,
is pleased to announce the signing of a camp site rental agreement with Tribal
Logistics/Expedition Helicopter to be used for i ts James Bay Niobium Project (the “Project”).
The existing camp site is located and is a property of Ontario Northland Railway (“ONR”) and
will be used by NioBay personnel and contractors working on the Project. NioBay will also use
transportation services of ONR during the exploration and Prefeasibility study periods.
Environmental protection agreement
On December 7 th, NioBay and Moose Cree First Nation signed an updated protection
agreement to cover the 2022 drilling program.
Drilling program
The crew is coming back from Christmas holiday s and is working to set up the new camp
facility on the ONR site. The drilling crew will arrive when the camp is ready. The first drill was
moved in December and we are expecting to get a second drill by the end of January.
“It has been a very challenging time with logistics, COVID cases and availability of resources,
but I’m now pleased to say that we are in a good position to succeed in this new drilling
program with the two signed agreements. Since we are behind scheduled, we were extremely
pleased to get a second drill. I’m sure many of our shareholder s are waiting for results, as
am I”, says Jean-Sébastien David, NioBay CEO.
About NioBay Metals Inc.
NioBay will be a leader in the Environment, Sustainability, Governance and Indigenous
inclusion supporting the development of smart mine(s) with low carbon consumption and
responsible water and wildlife management practices. Critical to our success will be the
consent and full participation of the Indigenous communities in whose territories we
operate.
The Company 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 T antalum project located in
Quebec and on the Nitassinan territory of the Pekuakamiulnatsh First Nation and a 48% direct
participation in mineral titles situated in the Chibougamau region, Quebec, under a joint
venture agreement with SOQUEM.
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About Niobium
Niobium is a naturally occurring element. It is a readily available, reliable, soft 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 smarter and lower environmental
impacts, while also delivering other benefits like better performance, improved safety, and
increased value.
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.
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:
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408
NioBay Metals Inc.
Jean-Sebastien David, geo.
President & CEO
Tel: (514) 866-6500
www.niobaymetals.com