NIOCAN ANNOUNCES ANNOUNCES RESULTS OF SHAREHOLDERS’ ANNUAL AND SPECIAL GENERAL MEETING Niocan also confirms its intention to change its name for NIO Strategic Metals
For Immediate Release TSX-V - NIO
NIOCAN ANNOUNCES ANNOUNCES RESULTS OF
SHAREHOLDERS’ ANNUAL AND SPECIAL GENERAL MEETING
Niocan also confirms its intention to change its name for NIO Strategic Metals
(Montreal, Québec, May 9 , 202 2) – Niocan Inc. (TSX -V: NIO) (OTC:NIOCF) (“Niocan” or the
“Company”) is pleased to announce the results of its annual general and special meeting of
shareholders of the Corporation (the “Shareholders”) held Friday, May 6, 2022.
Each of the nominee directors listed in the Corporation’s management information circular dated
April 7 , 2022 (available under Niocan’s profile on SEDAR), Julie Lemieux, Guy Arbour, Guy
Charette, Hubert Marleau, Mark D. Wallace and Hubert Vallee was elected as director of the
Corporation by the Shareholders.
The Shareholders approved a special resolution authorizing the Company to apply for a certificate
of amendment under the Business Corporations Act (Quebec) the (“Act”) to amend its articles of
incorporation to change its name from Niocan Inc. to Nio Strategic Metals Inc. It confirms the
Company’s intention to expend its activities to source strategic metals and minerals essential to
advancing modern l ife and national security in beneficially environmental, social and ethical
manner.
Resolutions to appoint Guimond Lavallée Inc., as auditors of the Corporation for the current
financial year 2022, and t o ratify and confirm the Company’s stock option plan were also
approved.
Subsequent to the annual general meeting of Shareholders, the Board of Directors appointed the
following chairman and officers of the Corporation: Hubert Marleau as chairman of the Board of
Directors, p resident and chief executive officer; Bruno Dumais as chief financial officer and
Hubert Vallée as senior vice-president of operations.
Also, the Board of Directors appointed: Guy Charette, Guy Arbour and Hubert Vallee as members
of the Corporation’s audit committee.
About Niocan
Niocan is an exploration and development company, with a focus on becoming a ferroniobium
producer. The Company holds a niobium property in Oka, Québec and other exploration
properties in the Province of Québec. Niocan’s Oka mining property consists of mining rights
comprised of 49 claims covering 2,281 acres and its Great Whale property consists of surface and
mining rights covering 24,944 acres on the Hudson Bay territory.
For more information on the Company, please refer to the Company’s public documents available
on SEDAR (www.sedar.com) or on the Company’s website (www.niocan.com).
For more information, please contact:
Hubert Marleau
Chairman, President and Chief Executive Officer
514-560-7623
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this press release.
Cautionary Statement on Forward-Looking Information
This news release contains forward -looking statements and forward -looking information
(together, “forward looking statements”) within the meaning of applicable Canadian securities
laws. Statements, other than statements of historical facts, may be forward-looking statements.
Generally, forward -looking statements can be identified by the use of terminology such as
“plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such
words, or statements that certain actions, events or results “may”, “could”, “would”, “might”,
“will be taken”, “occur” or “be achieved”, the negative of these terms and similar terminology
although not all forward-looking statement contains these terms and phrases. Forward-looking
statements involve risks, uncertainties and other factors that could cause actual results,
performance, prospects and opportunities to differ materially from those expressed or implied
by such forward-looking statements. These risks and uncertainties include, but are not limited
to, the risk factors set out in Niocan’s annual and/or quarterly management discussio n and
analysis and in other of its public disclosure documents filed on SEDAR at www.sedar.com, as
well as all assumptions regarding the foregoing. Although Niocan believes that the assumptions
and factors used in preparing the forward -looking statements a re reasonable, undue reliance
should not be placed on these statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the disclosed time frame or at all.
Except where required by applicable law, Niocan disclaims any intention or obligation to update
or revise any forward-looking statement, whether as a result of new information, future events
or otherwise.