NioBay Metals closes option agreement to acquire Foothills property
21 Febbraio 2024 - 1:30PM
NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB:
NBYCF) is pleased to announce that, in accordance with the
requirements of the TSX Venture Exchange and further to its news
release dated February 7, 2024 (entitled “NioBay Metals signs
option agreement to acquire high-potential titanium and phosphate
properties”), the Company has executed an option agreement
(the “Option Agreement”) to acquire an 80% undivided
interest in Vior Inc.’s Foothills Project.
In accordance with the Option Agreement, NioBay
Metals has made the initial $40,000 cash payment and issued
1,250,000 common shares of the Company (the “Common Shares”). The
Common Shares issued pursuant to the Option Agreement are subject
to a four-month hold period under applicable securities laws.
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.
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) accepts responsibility for the adequacy or
accuracy of this release.
FOR MORE INFORMATION, CONTACT:
NioBay Metals Inc.Jean-Sebastien David,
geo.President & Chief Executive
Officer514-866-6500jsdavid@niobaymetals.com
www.niobaymetals.com |
Kimberly DarlingtonInvestor
Relationskimberly@refinedsubstance.com514-771-3398 |
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