NioBay Metals Announces update on the Drill Program at its James Bay Niobium Project
Press release
TSX-V: NBY OTCQB:NBYCF
NioBay Metals Announces update on the Drill Program at its James Bay
Niobium Project
Montreal, Québec, August 27, 2021 – 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 it awarded the upcoming drill contract to G4 Drilling (“G4”) for to up 12,000 meters . The
drill will begin in Q4-2021 and shall be completed in Q1-2022. G4 will be supported by Expedition
Helicopters Inc. of Cochrane, Ontario (“Expedition”) to establish a small exploration camp to reduce
the carbon footprint of helicopter use and to improve the drilling efficiency. Both G4 and Expedition
have joint venture business relationships with Moose Cree registered businesses.
As previously announced (February 2021) , Moose Cree and NioBay signed a renewed and restated
Protection Agreement for the exploration permit issued by the Ontario Ministry of Energy, Northern
Development and Mines.
The Company has approved the grant of an aggregate of 1,4 25,000 incentive stock opti ons to
directors, officers, employees, and consultants of the Company. One third of the stock options granted
will vest immediately and the remaining stock options granted are subject to a two -year vesting
period. All grants have a seven -year term at an exercise price of $0.53. The stock options have been
granted pursuant to the Company’s Stock Option Plan and are subject to applicable securities laws
and TSX Venture Exchange policies.
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 hold s 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 N iobium 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.
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, assum ptions, 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.
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FOR MORE INFORMATION, CONTACT:
NioBay Metals Inc.
Claude Dufresne, P.Eng.
President & CEO
Tel.: 514 866-6500
Email: [email protected]
www.niobaymetals.com
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408