NioBay Metals suspends exploration at the James Bay Niobium Project
Press release
TSX-V: NBY & OTCQB:NBYCF
NioBay Metals suspends exploration at the
James Bay Niobium Project
Montreal, March 17, 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), received today
a letter from the Moose Cree First Nation (“MCFN”). This letter announced the result of a small survey
of the population which indicated an intent to preserve the South Bluff Creek area from any
development. That area is where NioBay’s mining lease for its critical mineral project, the James Bay
Niobium, is located and where drilling activities are currently ongoing . Based on the results of this
survey, the MCFN requested a meeting with NioBay regarding ceasing its permitted exploration.
NioBay is therefore suspending all exploration activities immediately on the James Bay Niobium
Project until a meeting with MCFN can be held . Meanwhile, the Board of Directors is evaluating all
options available to the Company at this point.
NioBay has repeated ly stated that it would not build a mine without the consent of the MCFN
community. T his project is still in the exploration phase and the Company does not yet have
information as to whether an economic operation may be viable at this location. The Company will
present the results of its exploration work when this information is available.
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 N iobium 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