Niocan Announces Grants of Stock Options
For Immediate Release TSX.V - NIO
NIOCAN ANNOUNCES GRANTS OF STOCK OPTIONS
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
(Montreal, Québec, October 26, 2021) – Niocan Inc. (TSX-V: NIO) (OTC:NIOCF) (“Niocan” or the
“Company”) is pleased to announce the grant of incentive stock options under its stock option
plan, to officers, directors and consultant of the Company, to purchase up to an aggregate of
3,550,000 common shares, representing 7.2% of the outstanding shares of the Company. The stock
options are exercisable at a price of CA$0. 15 per share expiring October 25, 2026. The options,
granted in accordance with the provisions of the Company's stock option plan, are subject to the
TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 70.4%
were to directors, 28.2% to Officers and 1.4% to a Consultant of the Company.
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).
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 d isclosure 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.