Niobay Presents Its 2024 Year End Report
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Pr
ess release
TSX-V: NBY & OTCQB : NBYCF
NIOBAY PRESENTS ITS 2024 YEAR END REPORT
Montréal, Québec, December 19, 2024 - NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB:
NBYCF) is proud to present its year-end report.
Foothills (Titanium Exploration Project)
The Foothills project consists of a series of mining claims located near Saint-Urbain, which has a long history as
a mining sector.
Following the option agreement with Vior Inc., NioBay conducted an exploration campaign on the claims covered
by the option from the end of May to August. Excellent values were obtained from surface samples (press release
of August 7, 2024).
A drilling campaign was carried out from late October to early December. Once all results are received, these will
be made public.
Crevier (Niobium and Tantalum Project)
SGS wa s s elected to c arry o ut metallurgical tes ting. Th is w ork s tarted l ast November a nd i s exp ected to b e
completed before the end of Q1-2025.
The objectives of this work are as follows:
1- To
validate the changes made to the process flow diagram at a pilot scale;
2- To produce niobium oxalate using three different methods;
3- To produce samples for potential clients.
W
e are preparing for a larger pilot trial aimed at creating additional samples for potential clients and exploring
the possibility of extracting value from some of the project’s waste.
J
ames Bay Niobium (Niobium Exploration Project near James Bay in Ontario)
Following the environmental characterization work, the revision of the positioning of a future drilling campaign,
and the submission of an authorization request to the Government of Ontario , on December 11, NioBay was
mandated by the Ministry of the Environment, Conservation and Parks to conduct consultations with the Moose
Cree First Nation. This activity began on December 16, 2024.
R&
D
NioBay is proud of the results achieved in 2024 through various research efforts supported by the Company on
the use of niobium and tantalum in the development of the hydrogen sector. NioBay’s partner institutions for
these research projects in 2024 include the University of Waterloo (Ontario), the Université du Québec à Trois -
Rivières, and INRS (Montreal). Publications related to the work and results are available in the R&D section of
our website (available in English only).
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Addition of a Member to the Board of Directors
On N ovember 28, N ioBay a nnounced t he a ddition of Ms. Jo sianne B eaudry, a p artner a t L avery, d e B illy,
S.E.N.C.R.L. in the Business Law group, to its Board of Directors (press release, November 28, 2024).
Financing
During the year, we carried out a series of financings totaling nearly $2 million, primarily through flow -through
shares, which allowed us to carry out our field activities throughout the year. In addition, the Company was
granted a $500,000 subsidy by the Ministry of Natural Resources and Forestry to support metallurgical
testing. The Company is in a strong financial position (press release, June 25, 2024).
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% interest in the James Bay Niobium Project located 45 k m
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 to acquire a 80% interest in
the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Quebec.
About Niobium
Niobium is a naturally occurring element. It is a 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 more efficient and lowers environmental impacts, while also
delivering other benefits such as better performance, improved safety and increased value.
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 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 materially from those anticipated or projected. The Company undertak es 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.
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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