NioBay Metals confirms commencement of drilling at James Bay Niobium
Press release
TSX-V: NBY & OTCQB:NBYCF
NioBay Metals confirms commencement of drilling at James Bay Niobium
Montreal, Quebec, February 23, 2022 – NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY)
(OTCQB: NBYCF), a Company focused on the exploration, development and use of critical “green”
metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), is
pleased to announce that Forage G4 Drilling (“G4”), with the support of Expedition Helicopters
(“Expedition”) and Expedition Camps and Logistics has completed the mobilisation of the first drill rig
and commenced drilling of its 15,000 to 20,000 meter exploration drill program (the “Program”) at its
James Bay Niobium Project. The three companies are in joint ventures with Moose Cree First Nation
(“MCFN”) registered businesses.
NioBay received the exploration drilling permit on January 8 , 2021 to drill up to 20,000 meters. The
Program is expected to last 12-15 weeks and will pause in April to respect the goose hunting season.
The program is primarily an infill drill program which will be used to maximize the conversion of
resources from the inferred to indicated category, as required for prefeasibility reporting. Additionally,
the Program will target a potentially high-grade zone to the north in an unexplored zone at vertical
depths between 200 and 400 metres.
Word from the CEO
“We are excited to be on the ground with this exploration program. This program will allow us to better
understand and better define this deposit. In addition to exploration, we have listened to the
community in regards to the need to undertake environmental baseline studies to ensure our
exploration and any future work by NioBay will have an unmitigated impact on the environment. This
information will be used by either Niobay or MCFN to help make future decisions”, commented Jean-
Sébastien David, President and CEO of NioBay.
Land Acknowledgement
The Board of NioBay a cknowledges that the James Bay Niobium Project is within Treaty 9, and the
primary homeland of the Moose Cree First Nation. We respect the Indigenous Rights and Interests of
Moose Cree and those Indigenous communities within Treaty 9.
About NioBay Metals Inc.
NioBay will be a leader in the Environment, S ocial, 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 Niobium and T antalum project located in Quebec and on the
Nitassinan territory of the Pekuakamiulnuatsh First Nation.
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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 mat erially 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-Sébastien David, P.Geo.
President & CEO
www.niobaymetals.com