NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB:
NBYCF) is proud to present its year-end report.
Foothills (Titanium Exploration
Project)The Foothills project consists of a series of
mining claims located near Saint-Urbain, which has a long history
as a mining sector.
Following the option agreement with Vior Inc.,
NioBay conducted an exploration campaign on the claims covered by
the option from the end of May to August. Excellent values were
obtained from surface samples (press release of August 7,
2024).
A drilling campaign was carried out from late
October to early December. Once all results are received, these
will be made public.
Crevier (Niobium and Tantalum
Project)SGS was selected to carry out metallurgical
testing. This work started last November and is expected to be
completed before the end of Q1-2025.
The objectives of this work are as follows:
1- To validate the changes made to the process
flow diagram at a pilot scale;2- To produce niobium oxalate using
three different methods;3- To produce samples for potential
clients.
We are preparing for a larger pilot trial aimed
at creating additional samples for potential clients and exploring
the possibility of extracting value from some of the project’s
waste.
James Bay Niobium (Niobium Exploration
Project near James Bay in Ontario)Following the
environmental characterization work, the revision of the
positioning of a future drilling campaign, and the submission of an
authorization request to the Government of Ontario, on December 11,
NioBay was mandated by the Ministry of the Environment,
Conservation and Parks to conduct consultations with the Moose Cree
First Nation. This activity began on December 16, 2024.
R&DNioBay is proud of the
results achieved in 2024 through various research efforts supported
by the Company on the use of niobium and tantalum in the
development of the hydrogen sector. NioBay’s partner institutions
for these research projects in 2024 include the University of
Waterloo (Ontario), the Université du Québec à Trois-Rivières, and
INRS (Montreal). Publications related to the work and results are
available in the R&D section of our website (available in
English only).
Addition of a Member to the Board of
DirectorsOn November 28, NioBay announced the addition of
Ms. Josianne Beaudry, a partner at Lavery, de Billy, S.E.N.C.R.L.
in the Business Law group, to its Board of Directors (press
release, November 28, 2024).
FinancingDuring the year, we
carried out a series of financings totaling nearly $2 million,
primarily through flow-through shares, which allowed us to carry
out our field activities throughout the year. In addition, the
Company was granted a $500,000 subsidy by the Ministry of Natural
Resources and Forestry to support metallurgical testing. The
Company is in a strong financial position (press release, June 25,
2024).
About NioBay Metals Inc.NioBay
aims to become a leader in the development of mine(s) with low
carbon consumption and responsible water and wildlife management
practices while prioritizing the environment, social
responsibility, good governance, and the inclusion of all
stakeholders. Our top priority, which is critical to our success,
is the consent and full participation of the Indigenous communities
in whose territories and/or on ancestral lands we operate.
In addition to others properties, NioBay 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 Niobium and Tantalum project located in Québec and on the
Nitassinan territory of the Pekuakamiulnuatsh First Nation. The
Company has also the option to acquire a 80% interest in the
Foothills project, a titanium-phosphate project located near the
former St-Urbain mine site in Quebec.
About Niobium Niobium is a
naturally occurring element. It is a 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 more
efficient and lowers environmental impacts, while also delivering
other benefits such as better performance, improved safety and
increased value.
About Titanium Titanium (Ti) is
as strong as steel, but much less dense. It is therefore important
as an alloying agent with many metals, including aluminum,
molybdenum and iron. These alloys are mainly used in aircraft and
spacecraft because of their low density and ability to withstand
extreme temperatures. They are also used in sports equipment,
laptops, bicycles and medical prostheses. Recently, this metal has
been used in some battery components.
Cautionary StatementCertain
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-Sebastien David,
geo.President & Chief Executive OfficerTel.: 514
866-6500jsdavid@niobaymetals.comwww.niobaymetals.com |
Kimberly Darlington Investor Relations
kimberly@refinedsubstance.comTel: 514-771-3398 |
Niobay Metals (TSXV:NBY)
過去 株価チャート
から 11 2024 まで 12 2024
Niobay Metals (TSXV:NBY)
過去 株価チャート
から 12 2023 まで 12 2024