Niobay Metals Inc. (NBYCF)

[roberttatge]

SMALL CAP POWER, 12 June 2017

Finally, Niobay Metals Inc. (TSXV: NBY) shares plunged 60% to $0.20 after the mineral exploration company announced that it has been informed by the Ministry of Northern Development and Mines of Ontario that its application for an exploration permit on the James Bay Niobium project will remain on temporary hold for now. Niobay Metals contends that the leadership of Moose Cree First Nation has refused to open a dialogue with the Company and to discuss their concerns associated with the exploration program and the project.