NioBay Metals closes option agreement to acquire Foothills property.
Press Release
TSX-V: NBY & OTCQB : NBYCF
NioBay Metals closes option agreement to acquire Foothills property.
Montreal, Québec, February 20, 2024 - NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB:
NBYCF) is pleased to announce that, in accordance wi th the requirements of the TSX Venture Exchange and
further to its news release dated Fe bruary 7, 2024 (entitled “NioBay Metals signs option agreement to acquire
high-potential titanium and phosphate properties”) , the Company has executed an option agreement
(the “Option Agreement”) to acquire an 80% undivided interest in Vior Inc.’s Foothills Project.
In accordance with the Option Agreement, NioBay Metals has made the initial $40,000 cash payment and issued
1,250,000 common shares of the Company (the “Common Shares”). The Common Shares issued pursuant to the
Option Agreement are subject to a four-month hold period under applicable securities laws.
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% in terest in the James Bay Niobi um Project located 45 km
south of Moosonee, in the Moose Cree Traditional Territo ry of the James Bay Lowlands in Ontario. NioBay also
holds a 72.5% interest in the Crevier Niobium and Tant alum project located in Québec and on the Nitassinan
territory of the Pekuakamiulnuatsh First Nation.
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 opinio ns 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) accepts responsibility for the adequacy or accuracy of this release.
FOR MORE INFORMATION, CONTACT:
NioBay Metals Inc.
Jean-Sebastien David, geo.
President & Chief Executive Officer
514-866-6500
www.niobaymetals.com
Kimberly Darlington
Investor Relations
514-771-3398