Niobay Provides Update ON Its Niobium Battery Initiatives and Corporate Update
Press release
TSX-V: NBY
NIOBAY PROVIDES UPDATE ON ITS NIOBIUM BATTERY INITIATIVES AND
CORPORATE UPDATE
Montreal, Québec, April 20, 2021 – Niobay Metals Inc. (“ NioBay” or the “ Company”) (TSX-V: NBY,
OTCQB: NBYCF) an Environmental Sustainable Governance Indegenous ( “ESGI”) Company is pleased
to provide an update of activities related to the Company’s James Bay Niobium Project and Crevier
Niobium & Tantalum Project, in addition to a corporate update.
Niobium Battery Technologies
As published on April 6, 2021, the Company announced the beginning of a series of hydrometallurgical
testing for the production of battery grade niobium from the James Bay Niobium Project located on
Moose Cree First Nation (“MCFN”) Homeland territory, 42 km south of Moosonee, Ontario . The
Company is pleased to anno unce that it will invest in niobium batter ies technology by initiat ing
additional testwork to produce precursor material for niobium batteries, but this time from its Crevier
Niobium and Tantalum project located 53 km north of the municipality of Gerardville, Québec on the
traditional territory of the Pekuakamiulnuatsh First Nation.
NioBay has identified several companies, including Toshiba , and other private companies, who are
making use of niobium to develop revolutionary battery technologies. Niobium- based materials
enable super-fast charging times (1 to 10 minutes ) increased battery safety, long cycle life (+ 10,000
charge cycles), and improved Electric-Vehicle (EV) performance at variable temperature ranges.
The next-generation anode material will help increase the battery capacity to three-time (3X) volume
capacity far greater than commercialized Lithium Tit anium Batteries (LTO) while providing the
advantages of long life and super-fast charging.
James Bay Niobium Project
Following the pause of the drilling program earlier in the year, the Company will continue discussions
with MCFN in early May. The objective is to discuss a summer drill program, in addition to the initiation
of a collaborative Environmental Baseline Study which is expected to include MCFN personal &
independent contractors.
Grant of Options
The Board of Directors granted to a new director of the Company an option to acquire 50,000 common
shares of Niobay. One third of the stock options granted will vest immediately and the remaining stock
options granted are subject to a two year vesting period. The grant has a a five-year term at an exercise
price of $0.95. The stock options have been granted pursuant to the Company’s Stock Option Plan and
are subject to applicable securities laws and TSX Venture Exchange policies.
About NioBay Metals Inc.
NioBay will be a leader in the Environment, Sustainability, 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 territories where we operate. The Company holds a 100% interest in the
James Bay Niobium Project located 45 km south of Moosonee, in the James Bay Lowlands in Ontario.
NioBay also holds a 72 .5% interest in the Crevier Niobium and Tantalum project located in Quebec
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and a 48% direct participation in mineral titles situated in the Chibougamau region, Quebec, under a
joint venture agreement with SOQUEM.
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:
NioBay Metals Inc.
Claude Dufresne, P.Eng.
President & CEO
Tel.: 514 866-6500
Email: [email protected]
www.niobaymetals.com
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408