Update ON Metallurgical Progress at the Crevier Project
Press release
TSX-V: NBY & OTCQB:NBYCF
UPDATE ON METALLURGICAL PROGRESS AT THE CREVIER PROJECT
Montreal, Québec, January 25, 2023 – NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-
V: NBY) (OTCQB: NBYCF) is proud to announce significant improvements in metallurgical
testing on the known area of the Crevier Project.
Historical work and latest results obtained at SGS
Year Grade Nb2O5 Recovery
1985 7.5% 67.2%
2012* 21.9% 47.9%
2013* 13.9% 26.7%
2021** 22% 44.6%
2022** 24.4% 64%
2022** 38.7% 65%***
* Feed material consisting of 0.21% Nb2O5
** Feed material consisting of 0.22% Nb2O5
*** Actual estimation from the open circuit
Gains in grade and recovery were achieved through the following additions and modifications:
• Addition of a vibrating table separation followed by a high intensity magnetic
separation.
• Replacement of some reagents.
Following the gains made during the 2022 work, further metallurgical work for 2023 is already
underway as some other improvement suggestions remain to be tested.
Canadian Mineral Processors Lucky Amaratunga Report Award
NioBay is proud to announce that Mr. Charles Blais, collaborator in our metallurgical studies,
has just won the Lucky Amaratunga Report Award from the Canadian Mineral Processors
(CMP) for his report: “Optimisation de la Métallurgie du pyrochlore (Travaux sur les Minéraux
Crevier)”.
NioBay would like to congratulate Charles on his award and his excellent work on our project.
His work, combined with testing at SGS in Quebec City, has resulted in the highest level of
pyrochlore recovery, in an open circuit, ever achieved since NioBay has held the Crevier
Project.
This report will be available on our website.
2
Message from the President of NioBay Metals and Crevier Minerals
“We are proud of the metallurgy advances carried out during the 2022 season and sincerely
congratulate Charles for the quality of his work and his report. This is truly a great recognition
by his peers ,’’ indicates Mr. Jean -Sébastien David. “ Such results allow us to continue our
efforts to advance the Crevier Project said Mr. David.
About NioBay Metals Inc.
NioBay is a company focused on exploration, development and use of critical green metals
with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus.
The Company holds 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 Pekuakamiulnatsh First Nation.
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 materially
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.
Jean-Sébastien David, P.Geo., MPM
President & CEO
www.niobaymetals.com