Niobay Metals Intercepts up to 22% Titanium (TIO2) IN Its Drillings ON Zone 1 of the Foothills Property
Press release
TSX-V: NBY & OTCQB:NBYCF
NIOBAY METALS INTERCEPTS UP TO 22% TITANIUM (TIO2) IN ITS DRILLINGS
ON ZONE 1 OF THE FOOTHILLS PROPERTY
Montréal, Québec, February 26, 2025 – NioBay Metals Inc. (“NioBay” or the “Company”)
(TSX-V: NBY) (OTCQB: NBYCF) is proud to announce that it has intercepted titanium in several
of the surface drill holes carried out in Zone 1, on the Foothills Property, located on the lands
of the Séminaire de Québec.
The Company had filed an application for authorization for impact projects with the Ministry
of Natural Resources with the aim of carrying out a drilling campaign as soon as authorization
is received. Below, the Company provides the results of the TiO2 mineralized zones of interest,
from the fall 2024 exploration campaign.
The Foothills project is located north of Saint-Urbain, 100 km north of Québec City and 90 km
south of Saguenay (La Baie region), Québec. The project covers an approximate area of
285 km2 and includes five separate claim blocks. It covers most of the contact of the intrusive
zone known as the Saint-Urbain anorthosite.
It should be noted that the drilling work generated 32.14 tonnes of CO 2 equivalents. A
donation was granted to Carbone Boreal (Université du Québec à Chicoutimi) as
compensation.
Table of Results
Intersections calculated for a cut-off grade of 8% Ti, a minimum length of 1 m and a maximum
internal dilution of 1 m.
Drill Hole From (m) To (m) Length (m) Dilution (m) TiO2 (%)
1625-24-002 89.75 153.00 63.25 1.00 10.57
1625-24-002 185.00 186.80 1.80 0.00 17.09
1625-24-002 220.80 226.55 5.75 0.00 22.36
1625-24-003 135.25 149.00 13.75 0.00 12.62
1625-24-003 151.00 156.00 5.00 0.50 19.13
1625-24-003 172.30 180.00 7.70 0.00 14.44
1625-24-004 154.10 158.40 4.30 0.00 14.73
1625-24-006 16.50 18.80 2.30 0.00 9.22
1625-24-006 25.00 30.45 5.45 0.70 11.76
1625-24-006 37.00 38.00 1.00 0.00 8.01
1625-24-006 48.00 49.00 1.00 0.00 14.60
1625-24-007 44.20 47.00 2.80 0.00 11.14
1625-24-007 49.00 62.65 13.65 0.00 10.56
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June 2024 prospecting area and sample locations
Map 2: Location of Drill Sites
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Message from the President
“We are finally able to present our results from Zone 1. We we re pleasantly surprised by the
grade in certain holes. The next step will be to drill on a section of Zone 3. The application for
authorization for this zone have been filed. Remember that sector 3 has demonstrated very
good surface values in titanium (Press release of August 7, 2024)”, concluded Mr. David.
PDAC 2025
NioBay will be at PDAC again this year from March 2nd to the 5 th inclusively, at the Toronto
Convention Centre. Come meet us at booth 3015.
Qualified Persons
This press release has been reviewed and approv ed by Mr. Mikael Block, P.Geo., a Qualified
Person under National Instrument 43-101. Mr. Block is a Project Manager employed by IOS
Services Géoscientifiques.
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 ho lds 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 t o a c q u i r e a n 8 0 % i n t e r e s t i n t h e F o o t h i l l s
project, a titanium-phosphate project located near the former St-Urbain mine site in Quebec.
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 alloys 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 re lease 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 re sults 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, es timates or opinions,
or other factors should change, except as required by law.
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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-Sébastien David, P.Geo., MPM
President & CEO
www.niobaymetals.com
Kimberly Darlington
Investor Relations
Tel: 514-771-3398