NioBay Metals Receives Authorization to Drill on Zone 1 of its Foothills Property

Article content material

MONTRÉAL, Sept. 13, 2024 (GLOBE NEWSWIRE) — NioBay Metals Inc. (“NioBay” or the “Firm”) (TSX-V: NBY) (OTCQB: NBYCF) is proud to announce the receipt of authorizations to hold out floor drilling on the Foothills Property.

The Firm filed an software for authorization for influence tasks with the Ministry of Pure Sources and Forests with the goal of finishing up a drilling marketing campaign as quickly because the work is accredited. The sector focused by this drilling marketing campaign is situated on the non-public lands of the Séminaire de Québec, recognized as sector 1 by NioBay (see map beneath). NioBay plans to start out work on the finish of October, after the moose-hunting season.

Article content material

The Foothills Challenge is situated north of Saint-Urbain, 100 km north of Québec Metropolis and 90 km south of Saguenay (La Baie area), Québec. The venture covers an space of roughly 285 km² and is comprised of 5 separate declare blocks. It covers many of the contact of the intrusive zone referred to as the Saint-Urbain anorthosite.

June 2024 prospecting space and pattern areas

Certified Individual
This press launch has been reviewed and accredited by Jean-Sébastien David, P.Geo., a certified particular person below Nationwide Instrument 43-101. Mr. David is President and CEO of NioBay.

About NioBay Metals Inc.

NioBay goals to change into a pacesetter within the growth of mine(s) with low carbon consumption and accountable water and wildlife administration practices whereas prioritizing the surroundings, social duty, good governance, and the inclusion of all stakeholders. Our prime precedence, which is vital to our success, is the consent and full participation of the Indigenous communities in whose territories and/or on ancestral lands we function. Along with others properties, NioBay holds a 100% curiosity within the James Bay Niobium Challenge situated 45 km south of Moosonee, within the Moose Cree Conventional Territory of the James Bay Lowlands in Ontario. NioBay additionally holds a 72.5% curiosity within the Crevier Niobium and Tantalum venture situated in Québec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. The Firm has additionally the choice to amass a 80% curiosity within the Foothills venture, a titanium-phosphate venture situated close to the previous St-Urbain mine web site in Québec.

Article content material

Article content material

About Titanium

Titanium (Ti) is as sturdy as metal, however a lot much less dense. It’s due to this fact necessary as an alloying agent with many metals, together with aluminum, molybdenum and iron. These alloys are primarily utilized in plane and spacecraft due to their low density and talent to resist excessive temperatures. They’re additionally utilized in sports activities tools, laptops, bicycles and medical prostheses. Lately, this metallic has been utilized in some battery elements.

Cautionary Assertion

Sure statements contained on this press launch represent forward-looking info below the provisions of Canadian securities legal guidelines, together with statements concerning the Firm’s plans. These statements are essentially based mostly on quite a lot of beliefs, assumptions and opinions of administration on the date they’re made and are topic to quite a few dangers and uncertainties that would trigger precise outcomes and future occasions to vary materially from these anticipated or projected. The Firm assumes no obligation to replace these forward-looking statements ought to administration’s beliefs, estimates or opinions, or different components, change, besides as required by regulation.

Article content material

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) settle for duty for the adequacy or accuracy of this launch.

FOR MORE INFORMATION, CONTACT:

A photograph accompanying this announcement is out there at https://www.globenewswire.com/NewsRoom/AttachmentNg/2fb671a5-9129-4df8-8f52-bbd75a523474

Article content material