Niobay Metals Receives Authorization to Drill ON Zone 1 of Its Foothills Property
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Press release
TSX-V: NBY & OTCQB : NBYCF
NIOBAY METALS RECEIVES AUTHORIZATION TO DRILL
ON ZONE 1 OF ITS FOOTHILLS PROPERTY
Montréal, Québec, September 13, 2024 - NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY)
(OTCQB: NBYCF) is proud to announce the receipt of authorizations to carry out surface drilling on the
Foothills Property.
The Company filed an application fo r authorization for impact projects with the Ministry of Natural
Resources and Forests with the aim of carrying out a drilling campaign as soon as the work is approved.
The sector targeted by this drilling campaign is located on the private lands of the Séminaire de Québec,
identified as sector 1 by NioBay (see map below). Ni oBay plans to start work at the end of October,
after the moose-hunting season.
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 proj ect covers an area of approximately 285 km 2 and is
comprised of five separate claim blocks. It covers most of the contact of the intrusive zone known as
the Saint-Urbain anorthosite.
June 2024 prospecting area and sample locations
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Qualified Person
This press release has been reviewed and approved by Jean-Sébastien David, P.Geo., a qualified person
under National Instrument 43-101. Mr. David is President and CEO of NioBay.
About NioBay Metals Inc.
NioBay aims to become a leader in the developm ent of mine(s) with low carbon consumption and
responsible water and wildlife management practice s while prioritizing th e 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% interest in
the James Bay Niobium Project located 45 km sout h of Moosonee, in the Moose Cree Traditional
Territory of the James Bay Lowlands in Ontario. Ni oBay also holds a 72.5% interest in the Crevier
Niobium and Tantalum project located in Québ ec and on the Nitassinan territory of the
Pekuakamiulnuatsh First Nation. The Company has also the option to acquire a 80% interest in the
Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Québec.
About Titanium
Titanium (Ti) is as strong as steel, but much less de nse. It is therefore import ant 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 releas e constitute forward-looking information under the
provisions of Canadian securities laws, includi ng statements about the Company’s plans. These
statements are necessarily based on a number of beliefs, assumptions and opinions of management at
the date they are made and are subject to numerous risks and uncertainties that could cause actual
results and future events to differ materially fr om those anticipated or projected. The Company
assumes no obligation to update these forward-l ooking statements should management’s beliefs,
estimates or opinions, or other factors, change, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Serv ices 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-Sebastien David, geo.
President & Chief Executive Officer
Tel.: 514 866-6500
www.niobaymetals.com
Kimberly Darlington
Investor Relations
Tel: 514-771-3398