NIOCAN ANNOUNCES CORPORATE UPDATE Niocan also announces a change to its executive team in support of the strategic plan
For Immediate Release TSX.V - NIO
NIOCAN ANNOUNCES CORPORATE UPDATE
Niocan also announces a change to its executive team in support of the strategic plan
(Montreal, Québec, January 17, 2022) – Niocan Inc. (TSX-V: NIO) (OTC:NIOCF) (“Niocan” or the
“Company”) is pleased to announce its intention to change its name for Nio Strategic Metals. The
change would have no impact on the trading symbol but confirms the Company’s intention to
expend its activities to source strategic metals and minerals essential to advancing modern life
and national security in beneficially environmental, social and ethical manner.
“The new name will emphasise the Company’s commitment to its corporate objective
of expanding its activities and targeting projects with a focus on strategic minerals that can be
developed with a reduced environmental foo tprint and upholding the highest international
standards for responsible mining” said Hubert Marleau , Chairman of the Board and Chief
Executive Officer of Niocan. “By taking a broade r and more complete view of the Company’s
purpose, we can focus on creating long -term value and serve better our investors, employees,
communities, suppliers and customers” he added.
Niocan announces, effective January 1, 2022, the appointment of Hubert Vallée as Senior Vice
President Operations to its executive team. Mr. Vallée will lead the effort to maximise value of
our assets. He joined Consolidated Thompson in 2006 and was one of the key officers who made
this project happen. After the sale of Consolidated Thompson Cliffs, he worked as Vice President,
Project Development for Phase II of Bloom Lake operation. He was also involved in negotiating
amicable relationships with the Innu and the Cree communities in Sept-Iles and the James Bay
area.
“The strategic plan will allow a better development of the existing assets to support renewed
Company’s objectives ” said Hubert Vallée. “I look forward to lead Niocan’s growth plan ” he
added.
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 consist s 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).
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 discussion 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 are 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.