Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
HIGHLY IMPORTANT:
MARKETS QUOTE TRADES CHARTS NEWS OPTIONS COMPANY SHARE INFO KEY RATIOS FINANCIALS INSIDERS FILINGS ANALYST EARNINGS HISTORICAL
Niobay Metals Inc (NBYCF)
$0.04560.00(7.04%)
December 7, 2023 9:30 AMESTVolume: 100
USDOTCQB - U.S. REGISTEREDDELAYED PRICEMARKET CLOSED
Insider Summary
Last 3 Months
Volume
0 Buys0 Sells
Last 6 Months
Volume
8 Buys0 Sells
Last 12 Months
Volume
36 Buys0 Sells
Insiders
Name:
All
Transaction:
All
Select Year:
2023
Date Name Shares Traded Transaction Value Shares Held
2023-03-27 David, Jean-Sébastien 15,000 Buy in the public market at $0.18 per share $2,700.00 1,482,152
2023-03-27 David, Jean-Sébastien 10,000 Buy in the public market at $0.19 per share $1,900.00 1,467,152
2023-03-27 David, Jean-Sébastien 25,000 Buy in the public market at $0.17 per share $4,250.00 1,457,152
2023-03-23 David, Jean-Sébastien 5,000 Buy in the public market at $0.17 per share $850.00 1,432,152
2023-03-23 David, Jean-Sébastien 20,000 Buy in the public market at $0.18 per share $3,500.00 1,427,152
2023-03-13 David, Jean-Sébastien 12,000 Buy in the public market at $0.21 per share $2,460.00 1,407,152
2023-03-10 David, Jean-Sébastien 7,000 Buy in the public market at $0.22 per share $1,505.00 1,395,152
2023-03-10 David, Jean-Sébastien 3,000 Buy in the public market at $0.21 per share $630.00 1,388,152
2023-03-03 David, Jean-Sébastien 21,000 Buy in the public market at $0.22 per share $4,620.00 1,385,152
2023-02-23 David, Jean-Sébastien 8,000 Buy in the public market at $0.21 per share $1,680.00 1,364,152
2023-02-23 David, Jean-Sébastien 15,000 Buy in the public market at $0.22 per share $3,300.00 1,356,152
2023-02-16 David, Jean-Sébastien 15,000 Buy in the public market at $0.21 per share $3,150.00 1,341,152
2023-02-15 David, Jean-Sébastien 25,000 Buy in the public market at $0.21 per share $5,125.00 1,326,152
HIGHLY IMPORTANT:
MARKETS QUOTE TRADES CHARTS NEWS OPTIONS COMPANY SHARE INFO KEY RATIOS FINANCIALS INSIDERS FILINGS ANALYST EARNINGS HISTORICAL
Niobay Metals Inc (NBYCF)
$0.04560.00(7.04%)
December 7, 2023 9:30 AMESTVolume: 100
USDOTCQB - U.S. REGISTEREDDELAYED PRICEMARKET CLOSED
Insider Summary
Last 3 Months
Volume
0 Buys0 Sells
Last 6 Months
Volume
8 Buys0 Sells
Last 12 Months
Volume
36 Buys0 Sells
Insiders
Name:
All
Transaction:
All
Select Year:
2023
Date Name Shares Traded Transaction Value Shares Held
2023-03-27 David, Jean-Sébastien 15,000 Buy in the public market at $0.18 per share $2,700.00 1,482,152
2023-03-27 David, Jean-Sébastien 10,000 Buy in the public market at $0.19 per share $1,900.00 1,467,152
2023-03-27 David, Jean-Sébastien 25,000 Buy in the public market at $0.17 per share $4,250.00 1,457,152
2023-03-23 David, Jean-Sébastien 5,000 Buy in the public market at $0.17 per share $850.00 1,432,152
2023-03-23 David, Jean-Sébastien 20,000 Buy in the public market at $0.18 per share $3,500.00 1,427,152
2023-03-13 David, Jean-Sébastien 12,000 Buy in the public market at $0.21 per share $2,460.00 1,407,152
2023-03-10 David, Jean-Sébastien 7,000 Buy in the public market at $0.22 per share $1,505.00 1,395,152
2023-03-10 David, Jean-Sébastien 3,000 Buy in the public market at $0.21 per share $630.00 1,388,152
2023-03-03 David, Jean-Sébastien 21,000 Buy in the public market at $0.22 per share $4,620.00 1,385,152
2023-02-23 David, Jean-Sébastien 8,000 Buy in the public market at $0.21 per share $1,680.00 1,364,152
2023-02-23 David, Jean-Sébastien 15,000 Buy in the public market at $0.22 per share $3,300.00 1,356,152
2023-02-16 David, Jean-Sébastien 15,000 Buy in the public market at $0.21 per share $3,150.00 1,341,152
2023-02-15 David, Jean-Sébastien 25,000 Buy in the public market at $0.21 per share $5,125.00 1,326,152
NioBay Closes Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
MONTREAL, July 20, 2023 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the closing of a private placement (the “Offering”).
Under the Offering, the Company raised gross proceeds of $871,520, from the sale of the following:
3,541,999 Quebec-eligible flow-through units of the Company (each, a “Quebec FT Unit”) at a price of $0.12 per Quebec FT Unit for gross proceeds of $421,800;
2,452,000 flow-through units of the Company (each, a “National FT Unit”) at a price of $0.11 per National FT Unit for gross proceeds of $269,720; and
1,800,000 units of the Company at a price of $0.10 per unit (each, a “Unit”), for gross proceeds of $180,000.
There were no cash commissions or finder’s fees paid in connection with the Offering.
Jean-Sébastien David, President & CEO commented: “I would like to thank our supporters, old and new, for allowing us to carry out exploration work on our new claims with this funding. We purposely kept this financing small to minimize dilution to our shareholders, while continuing exploration in Québec.”
Each Quebec FT Unit consists of one common share of the Company (each a “Common Share”) issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) and the Taxation Act (Quebec) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each National FT Unit consists of one Common Share issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one half of one Warrant. Each Unit consists of one Common Share and one Warrant. Each whole Warrant shall entitle the holder to purchase one Common Share at a price of $0.14 at any time on or before July 21, 2025.
All the Common Shares issued pursuant to the Offering are subject to a hold period under applicable securities laws, which will expire on November 21, 2023.
The Company expects to use the net proceeds from the Offering for exploration of critical minerals on the Company’s properties in Québec as well as for general working capital and corporate purposes.
Insiders of the Company have participated in the Offering and were issued an aggregate of 270,000 Quebec FT Units and 200,000 Units., for gross proceed of $52,400. Such participation in the Offering is a “related party transaction” as defined in Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (“Regulation 61-101“). The Offering is exempt from the formal valuation and minority shareholder approval requirements of Regulation 61-101 as neither the fair market value of the securities issued to insiders nor the consideration for such securities by insiders exceed 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to closing of the Offering as the participation of insiders had not been confirmed at that time.
The Offering remains subject to the final approval of the TSX Venture Exchange.
The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
About NioBay Metals Inc.
NioBay wishes to become a leader in the Environment, Social, Governance and Indigenous inclusion supporting the development of mine(s) with low carbon consumption and responsible water and wildlife management practices. Critical to our success will be the consent and full participation of the Indigenous communities in whose territories we operate.
The Company holds, in addition to others, 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 Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation.
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.
Cautionary Statement
Certain 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 Officer
Tel.: 514 866-6500
jsdavid@niobaymetals.com
www.niobaymetals.com
This message was distributed by GlobeNewswire.
2321 Rosecrans Ave. Ste 2200, El Segundo, CA, 90245, USA. +1-800-307-6627. www.globenewswire.com
On behalf of NioBay Metals Inc. 1100 Avenue Des Canadiens-de-Montréal Bureau 300, Montréal, QC H3B 2S2 CA http://niobaymetals.com/wp/en/home-2/
This message was sent to robtat@peoplepc.com.
What does NioCorp have to do with this company?
[b280 views May 30, 2023
In this video, NioCorp executives Mark Smith, CEO and Executive Chairman, and Scott Honan, Chief Operating Officer, discuss the Company's recent launch of a phased commercialization effort aimed at producing aluminum-scandium (“AlSc”) master alloy in the US for commercial and defense applications.
NioCorp Announces Filing of Quarterly Financial Statements
CENTENNIAL, CO. (May 30, 2023) — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (Nasdaq: NB; TSX: NB) announced today that it filed its quarterly financial statements for the three and nine months ended March 31, 2023, the related management’s discussion and analysis, and the CEO and CFO certifications relating to the quarterly financial statements on The System for Electronic Document Analysis and Retrieval ("SEDAR") on May 30, 2023.
NioCorp also submitted its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 for filing with the U.S. Securities and Exchange Commission on May 30, 2023.
# # #
Twitter
Facebook
Website
Email
YouTube
LinkedIn
For More Information
Contact Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., (720) 334-7066, jim.sims@niocorp.com
About NioCorp
NioCorp is developing a critical minerals project in Southeast Nebraska[color=red][/color] that is expected to produce niobium, scandium, and titanium, subject to the receipt of sufficient project financing. The Company also is evaluating the potential to produce several rare earths from the Elk Creek Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron magnets, which are used across a wide variety of defense and civilian applications.
Copyright © 2023 Niocorp Developments Ltd., All rights reserved.
You are receiving this email because you requested information from us or because we have an existing business relationship with you.
Our mailing address is:
Niocorp Developments Ltd.
7000 S. Yosemite
Suite 115
Centennial, CO 80112
Add us to your address book
[b
[u]NioCorp Demonstrates Higher Niobium Recovery Rates
[url][/url][tag]insert-text-here[/tag]
New Processing Approach Demonstrates the Ability to Make More Niobium per Tonne of Ore, Produce a Higher Purity Product, and Potentially Address New Markets with Different Niobium Products
CENTENNIAL, Colo. (May 25, 2023) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (NASDAQ:NB) (TSX:NB) is pleased to announce that it has successfully demonstrated the ability to recover greater amounts of the critical mineral niobium from each tonne of ore the Company expects to mine at its Elk Creek Critical Minerals Project, located in southeast Nebraska, once sufficient financing is obtained and the project is constructed.
Final results from NioCorp's metallurgical demonstration plant in Trois Rivieres, Quebec, show that NioCorp's new and improved recovery process can achieve a 90.7% rate of niobium recovery through the hydrometallurgical process. Overall recovery through the pyrometallurgical production of the commercial product ferroniobium is expected to be 86.7%. NioCorp's previous approach to niobium production was able to achieve recovery rates through the hydrometallurgical and pyrometallurtical processes of 86.8% and 82.4%, respectively.
The higher rates of niobium recovery from NioCorp's new process point to the likelihood of higher niobium production levels from NioCorp from the same mining tonnage, although a final determination of planned niobium production can be made only after work related to a mineral reserve update, additional engineering, updated project capital and operating cost estimates, and other required information is produced for publication in a new Feasibility Study.
Potential New Forms of Niobium Products and Potential Markets
NioCorp's new process approach, which incorporates a chlorination step to improve niobium and titanium separation and purification, also has demonstrated NioCorp's ability to potentially produce three different niobium products: (1) ferroniobium; (2) niobium chloride; and (3) niobium oxide.
NioCorp had previously planned to make ferroniobium, which is used by the steel industry to produce high-strength low-alloy steel alloys. Those alloys are used in the construction, automotive and transport, aerospace and defense, oil and gas, and other industries. Niobium is a $3.3 billion per year global market but is currently served by only three major niobium producers in two countries.
Niobium chloride would likely be converted by NioCorp into niobium oxide, but niobium chloride is also used in glass and ceramic manufacturing.
Niobium oxide is critical to multiple applications, including niobium-lithium-ion batteries, superalloys, superconducting applications, capacitors, specialized optics, and many others. Its use in niobium-lithium-ion batteries is considered by current niobium producers as one of the fastest growing prospective global niobium markets.
More Streamlined Production Process Demonstrated
NioCorp’s new process has been demonstrated to be more efficient than the previous design, is expected to require fewer processing steps, and may allow the elimination of entire processes in NioCorp’s planned processing plant in Nebraska, such as acid regeneration.
“I am very pleased with the results shown in our demonstration plant for niobium recovery,” said Mark A. Smith, CEO and Executive Chairman of NioCorp. “These results point strongly to the likelihood of NioCorp producing more niobium from each tonne of Elk Creek Project ore, which could have positive impacts on our Project’s anticipated overall financial returns. These results also point to the prospect of our Project producing more forms of niobium for a greater range of global markets.”
“These are very exciting results and they point to potentially greater production levels and additional optionality in terms of where we can sell niobium and the prices these products command,” said Scott Honan, NioCorp Chief Operating Officer.
“While the demonstration plant has performed well, the pace of operations has gone at a slower rate than any of us would have liked. That is often the case with demonstration plants, which by their nature are designed to investigate innovate pathways for producing commercial products as well as stress testing those processes. Our top priority in this project has always been to maintain a very high standard for technical feasibility and testing, and to conduct the work safely and efficiently. Adhering to high standards is critical to the project’s success, including being able to attract necessary financing to bring projects such as ours to commercial reality."
Qualified Persons:
Eric Larochelle, B.Eng., Co-Owner, L3 Process Development, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information, and verified the data, contained in this news release.
Scott Honan, M.Sc., SME-RM, COO of NioCorp Developments Ltd., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in the news release.
]
SIR-PRIZE[bMoose Cree First Nation
20h ·
Agnico Eagle – Moose Cree First Nation Amended Detour Mine Agreement Signing Ceremony
Wednesday, August 17, 2022
TCJMC Arena @ 10:30 am
Lunch to follow at 11:30 am.
All Moose Cree Membership are invited to attend.
This event will also be livestreamed.
19 Comments
Robert Tatge
First Nations sign Prairie Creek enviro pact
Key step to developing responsible zinc mine and road in NWT North of 60 Mining News – August 12, 2022… See more
Reply7m
Sharon Steed
take a look at the oil sands out west ...not even a blade of grass grows there...thats what we will have when this mine is done...a big hole no plants no animals no trees not even a blade of grass...completely ruins Mother earth for money
Reply4h
Top fan
Frances Sutherland
A vote which was less than 50% used to move it ahead which the Chief should have not been involved in , he encouraged membership to vote yes and this is not right !! To dig another piece of Mother Earth for a profit , conflict of interest here .
Reply16hEdited
Sharon Hiscoe
Sad for our children
Reply2h
Jonathan Sutherland
Pretty sure it's that one from months back about west detour
Reply19h
Most Relevant is selected, so some replies may have been filtered out.
Author
Moose Cree First Nation
Jonathan Sutherland Yes you are correct, the ratification vote took place in March 2022.
Reply18h
Joe Monture
Yay, another agreement which will provide nothing to the membership.
Reply12h
Most Relevant is selected, so some comments may have been filtered out.]
FIND:CBMM | Niobium promotes international event about new battery technologies
NEWS PROVIDED BY
CBMM
Sep 30, 2021, 09:41 ET
SHARE THIS ARTICLE
Nobel Prize winner, industry leaders and scientists address trends for the future of electrification
SAO PAULO, Sept. 30, 2021 /PRNewswire/ -- With an opening lecture given by Professor Stanley Whittingham FRS, winner of the Nobel Prize in Chemistry in 2019, for his pioneering work with lithium-ion batteries, CBMM | Niobium will host on October 5th and 6th, the Powering Future Electrification – Innovative Battery Materials webinar series.
The event aims to expand knowledge and disseminate information about new materials and technologies for electric batteries and, for that, will bring together leading companies in the battery and supercapacitors segment, such as Toshiba, Skeleton Technologies, NanoOne, Echion Technologies and WildCat, as well as academic representatives from UCLA, Hanyang University, University of Texas at Austin, and University of Warwick, for the presentation of their work in the field of electrification.
"This debate will foster the discussion about more sustainable technologies for the automotive industry, a growing demand around the world. In this sense, the most renowned professionals and researchers in the world will be able to demonstrate their studies and developments in advanced materials, which aim at the use of alternative energy sources, cleaner and renewable", explains Professor Stanley Whittingham, Nobel Prize in Chemistry.
Focused on advances in electric mobility, the event will address applications of new Niobium technologies both for the cathode of batteries, making them more stable and with a longer service life, as well as for the anode, resulting in ultra-fast charging capacity of the lithium-ion batteries, in less than 10 minutes. These developments enhance the durability and safety of batteries, vastly improving performance compared to current technologies.
"We are investing consistently in the lithium battery segment, with a strategy aimed at expanding this market and accelerating innovations with Niobium technologies. With this initiative, we want to actively contribute to the transformation of this sector, in line with the sustainability agendas for a greener future", says Rogério Ribas, Executive Manager of Battery Products at CBMM.
Registration is now open and participation in the webinar is free of charge. Check the schedule below and sign up.
Webinar: Advanced Cathodes for the Transportation Sector
Date: October 5, 2021
Time: 11.00 - 13.00 (BRL)
Link: https://cbmmeventos.webex.com/cbmmeventos/j.php?RGID=r72927e6639011b617e6e41574a169721
Webinar: Materials Engineered for Fast Charging
Date: October 6, 2021
Time: 11.00 - 13.00 (BRL)
Link: https://cbmmeventos.webex.com/cbmmeventos/j.php?RGID=rbf30a9f96dacf0280429fc574d33b6f7
About CBMM | Niobium
World leader in the production and marketing of Niobium products, CBMM has more than 400 customers in 50 countries. Headquartered in Brazil, with offices and subsidiaries in China, the Netherlands, Singapore, Switzerland and the United States, the company provides cutting-edge products and technology to the infrastructure, mobility, aerospace, and energy sectors. In 2019, he invested in 2DM, a company dedicated to graphene. In 2021, it invested in Echion with the objective of accelerating innovations in the electric mobility segment.
SOURCE CBMM
Also from this source
Lightning Motorcycles and CBMM bet on niobium technology to break ...
Lightning Motorcycles and CBMM bet on niobium technology to break ...
Explore
More news releases in similar topics
asked TESLA IF NIOBIUM IS PART OF HIS BATTERY? [color=red][/color]extension://elhekieabhbkpmcefcoobjddigjcaadp/https://niobium.tech/-/media/NiobiumTech/Documentos/2019-Formula-E---Berlin/NT_Battery-innovation-niobium-as-disrupting-element.pdf
NICE!!!!Processing > Plant06 April 2021CommentsShare
Craig Guthrie
Craig Guthrie
NioBay said initial tests will be performed by SGS Canada in Lakefield, Ontario, with the first results expected in 4-6 months.
The James Bay Niobium project is located on Moose Cree First Nation traditional territory, 42 km south of Moosonee, Ontario. Niobay Metals acquired 100% of the property from Barrick Gold In June 2016.
"New niobium battery technology will completely change our perceptions of electric vehicles, but the benefits of niobium are not just limited to passenger EVs", said Claude Dufresne, president and chief executive of NioBay Metals.
Dutch producer CBMM estimates that demand will increase from 100 tonnes in 2020 to 45,000 tonnes by 2030.
"The development of niobium battery technology is creating a great opportunity and we are well-positioned to participate in its development. The test program on James Bay Niobium ore is only the beginning, and the program could well expand to our Crevier niobium and tantalum asset in Quebec. In addition, we will continue to spend the necessary resources to measure the potential of the 6-minute EV battery charge,'' said Dufresne.
In October, Niobay Metals outlined "robust returns" for three different mining scenarios being considered for its James Bay niobium project in northern Ontario, reported Mining Journal at the time.
FAIR /UNFAIR TO THE 1ST NATION CREE'SMontreal, March 18, 2022 – Dear shareholder,
I would like to provide you with additional information surrounding our decision to suspend drilling at our James Bay Niobium project.
1- We received a letter from the council of the Moose Cree First Nation (“MCFN”) asking us to stop exploration activities.
2- This request is based on a small survey, which we had been told was supposed to be informative in nature and not decision-making, as there are already referendum mechanisms in the community. Overall, 300 people were surveyed, 55% of whom want to protect the South Bluff Creek area. Recall that the population of MCFN is approximately 3,900. South Bluff Creek is near our mining lease and where have been drilling.
3-We are being respectful of the Chief and Council and have requested an urgent meeting with them.
4- Originally, we had planned to stop for the goose-hunting break in two weeks. Work will therefore be suspended for a little longer which will allow us to work out our options.
5-The Ontario government has been made aware of this situation and we are planning a meeting to find a solution to resolve this impasse.
Remember that our exploration permit is valid until the end of the year and that we still have a “Protection Agreement” with the community that was resigned on December 7th. It is rather ironic to have received this letter from MCFN on the same day as the release of the Ontario Government’s strategy to support critical and strategic mineral projects.
The James Bay Niobium project has demonstrated its strong potential since it is extremely rare to find this metal in the quantities discovered to date. There are only 3 niobium mines in operation in the world. Niobium is used primarily in steel, of which Ontario is a major producer, and recently in some batteries and electronic components.
We will keep you informed of developments.
Thank you for your support,
Jean-Sebastien David
President and Chief Executive Officer
FOR MORE INFORMATION, CONTACT:
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408
jfmeilleur@paradox-pr.ca
NioBay Metals Inc.
Jean-Sebastien David, geo.
President & CEO
Tel.: 514 866-6500
Email: jsdavid@niobaymetals.com
www.niobaymetals.com
Follow us on Twitter: https://mobile.twitter.com/NiobayMetals
LinkedIn: https://www.linkedin.com/company/niobay-metals-inc.?trk=biz-companies-cym
NOWWho We Are -The Team has: • Discovered, built and operated mines. • Permitted the Canadian Malartic, Victor and Detour Lake mines in the territory where we operate. • Deep knowledge of the Niobium businesses. • Extensive experience with the only Niobium mine in North America. • Marketed and sold niobium and other commodities all around the world. • Also, we are 10-time Stanley Cup winners! 5 TSXV:NBYCorporate Structure Stock Symbol NBY -TSXShare Price V $1.10 Shares Outstanding Options Warrants Market Cap Cash on hand 52-week High/Low Share Performance 70 M 4 M 9 M $77 M $13 M $0.20$1.19 Major Shareholders (fully diluted) Osisko Development Inc. Undisclosed Mining Co. Caisse Dépôt Placement Management 15% 9.9% 9.9% 7% TSXV:NBY 6What is Niobium? • Niobium (Nb) is a naturally occurring refractory transition metal with impressive characteristics: • High heat resistance • High durability • Highly stable • These properties have led to the incorporation of Niobium in its most stable form of niobium oxide (Nb2O5) in a wide array of products and technologies. • The addition of small amounts of Niobium has been shown to enhance physical properties of materials in technological applications including high-strength alloy steel, batteries, solar panels and optical glass. • Niobium is considered a Critical Metal in the USA, Canada, the EU and many other countries. 7 TSXV:NBYNiobium Battery Technology Trade-off Between Main Lithium-ion Battery Technology • Going Electric: #1 Adoption Criteria- Charging Time! • Toshiba’s Next-generation SCiB battery anode is made of Niobium Titanium Oxide (NTO) • Aims to support smart mobility in the age of MaaS (Mobility as a Service) • Fast Charging, higher density, safer • Nyobolt Inc, Echion Tech, Battery Streak, Williams are all working on a Niobium battery technologies Comparison of EV drive ranges at various charging times 6 minutes charge 8 TSXV:NBYNiobium Battery Value Proposition Taxi fleet PHEV Power tools Charging Niobium Battery is ideal for MaaS and autonomous robots 9 TSXV:NBYOur Asset
interest: a battery that makes the differences:
NBYCF
0.00%
NioBay Metals Inc.
October 14, 2021·4 min read
In this article:
NBYCF
0.00%
Result Highlights:
Recoveries 40% higher than similar projects
The concentration of Nb2O5 is 10% higher than its peers
The low silica content and higher Nb2O5 concentration should lead to a significant reduction in acid consumption for the production of battery-grade Niobium
The final results for the production of battery-grade Niobium oxide to come
MONTREAL, Oct. 14, 2021 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ("NioBay" or the "Company") (TSX-V: NBY) (OTCQB: NBYCF), a company focused on exploration, development and use of critical green metals with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus, is pleased to provide the first results from its metallurgical program. The program is designed to achieve battery grade Niobium oxide to be used as anode material in fast charging lithium battery technology.
As published on April 6, 2021, the Company announced the beginning of a series of metallurgical testing related to the production of battery-grade Niobium from its James Bay Niobium Project (the “James Bay Project”). This first phase of testing, performed by SGS Lakefield Inc, consisted of producing a Niobium concentrate, similar to the previous tests done on the James Bay Project’s ore.
The results demonstrated a 3% improvement from the Company’s market-leading Preliminary Economic Assessment (“PEA”) recovery, reaching up to 81.3% while producing a Niobium concentrate of 61.7%. In addition, the lack of deleterious material and low silicate content should translate in a significant reduction in acid consumption for the battery-grade Niobium oxide production. The first phase of metallurgical testing also contributed to optimizing the parameters and flowsheet design.
Table 1 : Nb2O5 Concentrate Grade (%) and Overall Recovery (%)
Average
Min
Max
Nb2O5
Grade (%)
59.8
56.8
61.7
Recovery (%)
74.7
67.9
81.3
The higher concentration, recovery and purity of the James Bay Project provides the best potential low-cost Niobium project in North America.
Story continues
James Bay Niobium Project
Ownership
Niobay Metals Inc. 100 %,
Location
The James Bay property is located east of the Township of Carroll in the district of Cochrane, on the Moose Cree First Nation Traditional Territory, 45 km south of Moosonee, in the James Bay Lowlands in the Province of Ontario, Canada.
Area
The property comprises the Crown Mining Lease (# CLM11) and covers a total of 2,530 hectares.
History
The James Bay property was discovered in 1966 by Consolidated Morrison Explorations. Major exploration work carried out in 1968 and 1969, including about 14,600 meters of drilling in 85 holes established a deposit extending to 275 meters in depth and 500 meters longitudinally. Lakefield Research (now SGS Lakefield) carried out metallurgical tests in 1969, allowing for the development of a flow sheet for the niobium ore, to produce a niobium concentrate grading of about 65% pyrochlore (Nb2O5). The overall niobium recovery was 78% during the pilot tests which is by far the higher niobium recovery for this type of niobium deposit.
A historical feasibility study was completed by the firm Canadian Bechtel Ltd. at the end of 1969, and updated by the same firm in 1979.
Several studies dealing with specific aspects of the project were carried out between 1969 and 1979 by independent firms or companies for evaluation purposes, with a view to possible partnerships or acquisitions. At that time niobium price was a fraction of where it is today.
In June 2016, Niobay Metals Inc. acquired 100% of the property from Barrick Gold Inc., James Bay Columbium Ltd., and Goldcorp Inc.
Geology and Mineralization
A pyrochlore mineralization is contained in an intrusive complex of pyroxene-rich carbonatites dating from the Huronian Orogen and generally orientated north south. Intrusions of hornblende gneiss abut the complex on its east and west sides. The general dip is sub-vertical, orientated slightly to the east.
Paleozoic sediments consisting of altered, silty, sandy, argillaceous sandstones discordantly cover the carbonatite complex. These sandstones vary in thickness from 12 to 30 meters, and lie horizontally over the carbonatites, covering them completely. Unconsolidated silty glacial sediments between 6 and 10 meters deep cover these sandstones, and are themselves covered by spongy peat (muskeg) 1 to 2 meters deep.
Historical Estimates
A historical estimate was finalized by Dr. P. Price of Canadian Bechtel Ltd in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, an exploration shaft was sunk, and a 225-tonne bulk sample was extracted to subsequently be used in a pilot plant which demonstrated a recovery rate of 78%, which is considered high for niobium processing.
The historical resources estimate, the historical feasibility, and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. Niobay Metals has not yet undertaken the work necessary to verify or classify those historical results except the mineral resources estimate. Economic studies completed in the 1960s do not mean the James Bay Niobium deposit would be found to be economic today. Niobay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
2016-2017 Validation Program / Mineral Resource Estimate
The first phase of the 2016-2017 validation program consists of re-logging and re-assaying 12 historical diamond drill holes distributed in six 122-meters apart transversal vertical sections, with two representative holes per section. Small numbers of laboratory metallurgical tests were also conducted from the historical cores which initial results are supporting the 1969 pilot plant one.
A Mineral Resource estimate was prepared by Roscoe Postle Associates Inc. (“RPA”) following a successful re-logging and re-sampling program of representative historical diamond drill holes conducted by NioBay
The effective date of the estimate is October 31, 2018 and the supporting NI 43-101 technical report is available on the website.
Highlights of the NI 43-101 Mineral Resource Estimate
Classification Tonnes Grade Contained Nb2O5
(Mt) (%Nb2O5) (Mkg)
Indicated 26.1 0.53 123
Inferred 25.3 0.51 118
Notes:
CROSSED FINGERS: Niobay Metals Inc.
Montreal, April 4, 2022 – Dear shareholder,
Following our decision to suspend drilling and exploration activities at our James Bay Niobium Project based on a letter received from the council of the Moose Cree First Nation (“MCFN”), I would like to update you on the latest development.
Firstly, all of our effort have been and continue to be made in the best interest of shareholders and for the future of NioBay.
Following the letter, we were able to have a meeting with MCFN negotiation team. Following this meeting, we tabled a letter asking them to support our return to the field to complete our drilling campaign.
Originally, we had planned to stop for the goose-hunting break in April 2022. Therefore, the program was suspended two weeks earlier then expected.
It is now the hunting season and our camp has been put on care and maintenance.
We have stated to the negotiation team, that our priority is to return and complete the drilling program as originally agreed on. However, we are also evaluating all options available to NioBay (a modified drill program, exploration on other existing NioBay properties, potential target properties, etc.)
Over the last two weeks we have held discussions with the officials of several Ministries, including the Premiere’s office. We all trying to find the best-negotiated solution with MCFN.
We feel that there is a sincere interest from the Ontario Government in our project as it fits well with their recent announcement on sritical minerals.
Ontario’s Open for Business
We will increase direct contact with MCFN members therefore going around the Council in order for the MCFN members to have access to all information they require.
Keep in mind that NioBay has a mining lease and an exploration permit in good standing and an Environmental protection agreement with MCFN in place.
The James Bay Niobium Project has demonstrated its strong potential based on the information we were able to obtain so far (a PEA was completed in 2021). It is extremely rare to find this metal in the quantities discovered to date. There are only 3 niobium mines in operation in the world. Niobium is used primarily in steel, of which Ontario is a major producer, and recently in some batteries and electronic components.
LATEST:2022-05-26 Legault, Raymond 20,000 Buy in the public market at $0.15 per share $3,000.00 255,721
2022-05-26 Legault, Raymond 50,000 Buy in the public market at $0.15 per share $7,500.00 250,664
2022-05-25 Legault, Raymond 6,500 Buy in the public market at $0.16 per share $1,040.00 212,221
2022-05-25 Legault, Raymond 8,500 Buy in the public market at $0.16 per share $1,377.00 220,721
2022-05-25 Legault, Raymond 15,000 Buy in the public market at $0.17 per share $2,475.00 235,721
2022-05-12 David, Jean-Sébastien 15,000 Buy in the public market at $0.18 per share $2,625.00 1,181,152
2022-05-05 David, Jean-Sébastien 30,000 Buy in the public market at $0.21 per share $6,150.00 1,166,152
2022-05-04 David, Jean-Sébastien 40,000 Buy in the public market at $0.20 per share $8,000.00 1,135,152
2022-05-04 David, Jean-Sébastien 1,000 Buy in the public market at $0.21 per share $210.00 1,136,152
2022-05-03 David, Jean-Sébastien 30,000 Buy in the public market at $0.19 per share $5,700.00 1,080,152
PEOPLE IN THE KNOW ARE BUYING2019-06-05 Krushnisky, Alain 50,000 Grant of options at $0.18 per share $9,000.00 0
2019-06-05 Savard, Serge 50,000 Grant of options at $0.18 per share $9,000.00 265,000
2019-06-05 Legault, Raymond 50,000 Grant of options at $0.18 per share $9,000.00 265,000
2019-06-05 Gauthier, Jacquelin 50,000 Grant of options at $0.18 per share $9,000.00 224,800
2019-06-05 David, Jean-Sébastien 50,000 Grant of options at $0.18 per share $9,000.00 295,000
2019-06-12 David, Jean-Sébastien 30,000 Expiration of options at $0.28 per share $8,250.00 0
2019-06-12 David, Jean-Sébastien -30,000 Expiration of options at $0.28 per share -$8,250.00 265,000
2019-06-12 David, Jean-Sébastien 30,000 Expiration of options at $0.28 per share $8,250.00 325,000
2019-06-17 Dufresne, Claude 10,000 Buy in the public market at $0.16 per share $1,600.00 437,200
2019-07-04 Dufresne, Claude 10,000 Buy in the public market at $0.31 per share $3,050.00 447,200
2019-07-04 Dufresne, Claude 6,000 Buy in the public market at $0.28 per share $1,680.00 453,200
2019-07-12 Dufresne, Claude 10,000 Buy in the public market at $0.27 per share $2,650.00 463,200
2019-08-12 Dufresne, Claude 4,500 Buy in the public market at $0.23 per share $1,035.00 467,700
2019-08-16 Dufresne, Claude 45,500 Buy in the public market at $0.23 per share $10,465.00 513,200
2019-09-05 Dufresne, Claude 5,000 Buy in the public market at $0.23 per share $1,125.00 518,200
2019-09-13 Bonneau, Jacques 50,000 Buy in the public market at $0.31 per share $15,500.00 737,562
2019-09-24 Legault, Raymond -2,000 Change in the nature of ownership $0.00
THIS WILL BE A NAME CHANGER
NBYCF
-8.66%
NioBay Metals Inc.
April 20, 2021·3 min read
In this article:
NBYCF
-8.66%
MONTREAL, April 20, 2021 (GLOBE NEWSWIRE) -- Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY, OTCQB: NBYCF) an Environmental Sustainable Governance Indegenous (“ESGI”) Company is pleased to provide an update of activities related to the Company’s James Bay Niobium Project and Crevier Niobium & Tantalum Project, in addition to a corporate update.
Niobium Battery Technologies
As published on April 6, 2021, the Company announced the beginning of a series of hydrometallurgical testing for the production of battery grade niobium from the James Bay Niobium Project located on Moose Cree First Nation (“MCFN”) Homeland territory, 42 km south of Moosonee, Ontario. The Company is pleased to announce that it will invest in niobium batteries technology by initiating additional testwork to produce precursor material for niobium batteries, but this time from its Crevier Niobium and Tantalum project located 53 km north of the municipality of Gerardville, Québec on the traditional territory of the Pekuakamiulnuatsh First Nation.
NioBay has identified several companies, including Toshiba, and other private companies, who are making use of niobium to develop revolutionary battery technologies. Niobium-based materials enable super-fast charging times (1 to 10 minutes) increased battery safety, long cycle life (+10,000 charge cycles), and improved Electric-Vehicle (EV) performance at variable temperature ranges.
[b[color=red][color=red]]LEAVING TO SOON[/color][/color]MONTREAL, Sept. 09, 2021 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ("NioBay" or the "Company") (TSX-V: NBY) (OTCQB: NBYCF), a company focused on exploration, development and use of critical green metals with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus announced that Mr. Claude Dufresne President & CEO will be leaving the Company on September 30, 2021 to pursue a new venture in the up and coming and promising field of niobium battery technology. Mr. Dufresne will continue to be associated with NioBay as a consultant and member of the advisory board.
Current NioBay Director since 2014, Mr. Jean-Sebastien David, will replace Mr. Dufresne as President & CEO. Mr. David was recently Chief Operating Officer of Arianne Phosphate Inc. He was instrumental in advancing the Lac à Paul phosphate project, a fully permitted, best of breed project. Prior to joining Arianne, Mr. David was Vice-President Sustainable Development at Osisko Mining Corporation (2007-2012) where he was influential in obtaining authorization for construction and development of the Canadian Malartic Mine. He earned his B.Sc. Geology and master’s degree in project management from Université du Québec à Chicoutimi.
"Claude and his team brought one of the finest mining projects in Canada to NioBay (the James Bay Niobium Project). Now he wants to focus on developing the utilisation of niobium in batteries, we can’t really be disappointed with his decision. We are pleased to have him on the advisory board and getting his commitment to promote the use of niobium as a green metal to decarbonize the economy," said Mr. Serge Savard, Chair of NioBay.
Mr. Savard further comments on the nomination of Mr. David, "We are pleased that Jean-Sebastien will be joining NioBay as President & CEO. His current knowledge of the Company activities combined with project development expertise and relationship with key stakeholders will be an asset in bringing the James Bay Niobium Project to production."
" I CAN'T EVEN IMAGEN"10 Important Uses Of Niobium
0 Comment admin
Post Views: 5,312
10 Important Uses Of Niobium
Niobium is a rare metal with a high melting point, silvery gray color, soft texture, and good ductility. The density of niobium is 8.57g / cm³, the melting point is 2477 ° C, and the boiling point is 4744 ° C. Thanks to its good superconductivity, high melting-point, corrosion resistance and wear resistance, niobium is widely used in production and life. In this article, we will take a look at the 10 important uses of niobium.
Uses of Niobium
Uses of Niobium
1. The Uses Of Niobium In The Metal Industry
About 85% to 90% of the world’s niobium is used in iron and steel production in the form of ferroniobium. Adding 0.03% to 0.05% of niobium in the steel can increase the yield strength of the steel by more than 30%.
Besides, niobium can also achieve the dispersion distribution of precipitates by inducing precipitation and controlling the cooling rate, and adjust the toughness level of steel in a wide range.
Therefore, adding niobium to steel can not only improve the strength of the steel, but also improve the toughness, high-temperature oxidation resistance and corrosion resistance of the steel, reduce the brittle transition temperature of the steel, and make the steel have good welding performance and formability.
2. The Uses Of Niobium In The Superconducting Materials Industry
Certain compounds and alloys of niobium have high superconducting transition temperatures and are therefore widely used in the manufacture of various industrial superconductors, such as superconducting generators, superconducting magnetic energy storage devices, nuclear magnetic resonance imaging equipment, and so on.
At present, the most important superconductor materials are niobium-titanium and niobium-tin, which are widely used in medical diagnostic magnetic resonance imagers and nuclear magnetic resonance instruments for spectral lines.
3. The Uses Of Niobium In The Aerospace Industry
The aerospace industry is the main application area of ??high-purity niobium, mainly used in the production of rockets, spacecraft engines, and heat-resistant components.
The Uses of Niobium in the Aerospace Industry
The Uses of Niobium in the Aerospace Industry
Niobium and tantalum heat-strength alloys have good heat-strength properties, heat resistance, and processing properties, and are widely used in the manufacture of aero-engine parts and gas turbine blades.
Niobium alloy is used in the thermal components of almost all jet fighter engines in the United States.
4. The Uses Of Niobium In The Atomic Energy Industry
Niobium has good thermal conductivity, high melting point, good corrosion resistance, and low neutron capture cross-section. It is a very suitable material for atomic energy reactors.
The main uses of niobium in the atomic energy industry include jacket materials for nuclear fuel, alloys for nuclear fuel, and structural materials for heat exchangers in nuclear reactors.
5. The Uses Of Niobium In The Electronics Industry
Niobate ceramics can be used to make capacitors, single crystals of compounds such as lithium niobate and potassium niobate. They are crystals for optoelectronics and electronics. They have good piezoelectric and optical properties and are widely used in infrared, laser technology and electronics industries.
The Uses of Niobium in the Electronics Industry
The Uses of Niobium in the Electronics Industry
In addition, niobium has a high melting point, a strong ability to emit electrons, and has a gettering ability, which can be used to make electronic tubes and other electric vacuum devices.
6. The Uses Of Niobium In The Medical Field
Niobium has good resistance to physiological corrosion and biocompatibility, will not interact with various liquid substances in the human body, and will hardly damage living organism tissues. Niobium can adapt to any sterilization method, so it is often used in the manufacture of bone plates, skull plate bone screws, dental implant roots, surgical appliances, and the like.
7. The Uses Of Niobium In The Chemical Industry
In the chemical industry, niobium is a high-quality material resistant to acids and liquid metals. It can be used to make cookers, heaters, coolers, etc. In addition, niobic acid is an important catalyst.
8. The Uses Of Niobium In The Foundry Industry
Niobium is also used in the foundry industry to form hard carbides (good for wear) and to change the shape and size of graphite sheets, so it is often used in the manufacture of automobile cylinder heads, piston rings, and brake pads. In addition, niobium is sometimes used with gold and silver on commemorative coins.
9. The Uses Of Niobium In The Optical Industry
Niobium helps to increase the light transmittance of lenses and is therefore also used in the manufacture of lenses in the optical industry.
10. The Uses Of Niobium In The Lighting Industry
Niobium can also be used in the lighting industry. For example, an alloy of niobium and 1% zirconium can be used to make a precise bracket for high-efficiency and high-strength sodium vapor street lamps, so that these small parts have high thermal strength, excellent formability, and resistance to sodium vapor corrosion performance.
Conclusion
Thank you for reading our articles and we hope you’ve enjoyed it. If you want to know more about the uses of niobium and other refractory metals, you can visit Advanced Refractory Metals (ARM) for more information. Headquartered in Lake Forest, California, ARM is a leading manufacturer & supplier of refractory metal products such as tungsten, molybdenum, tantalum, rhenium, titanium, and zirconium.
Related Posts:
SEEMS HOLDING A STRONG HAND ISN'T WORKING. THE PEOPLE WHO MAKE THE DIFFERENCE NEED TO BE ON SITE WITH THE ORGINAL PEOPLE AND HAVE AN EXPLAINATION OF THE TRUTH IN MINING TO THE PEOPLE, HAVEN'T DONE EFFECT. NIOBAY METALS PROVIDES UPDATE ON ITS ACTIVITIES
MONTREAL, April 28, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) provides the following update on its activities.
James Bay Niobium Project
NioBay announced the suspension of its exploration activities on the James Bay Project (press release March 17, 2022) following the reception of a letter from the board of the Moose Cree First Nation (MCFN). Since this date, we have continued our efforts with local authorities and members of the MCFN community as well as with the Ontario government to resume normal operations. NioBay has a mining lease, a valid exploration permit and an agreement with MCFN to carry out this second drilling campaign. However, NioBay will return and is ready to return to the field as soon as it obtains a guarantee that it can complete its work without interruption.
Pending further drilling in Ontario, the Company will take advantage of the other projects in its portfolio and advance exploration initiatives.
Crevier Project
NioBay continued its metallurgical work to optimize the economics of this project. With the assistance of the Quebec government, a series of metallurgical tests were conducted at COREM in 2021. Based on the success of these tests, they continued into 2022 and are currently in progress at the SGS laboratories in Quebec City. The results of this work will allow us to update our preliminary economic study (PEA), previously released in 2020.
The objective of the Crevier Project is to produce a niobium oxide and a tantalum oxide. Given the advances in the use of niobium in batteries, the Crevier Project, with its niobium oxide, has never been more relevant. Moreover, since this project’s PEA was released, the price of tantalum has risen by $30,000 per metric ton.
Gouin Project
NioBay optioned two properties from Les Ressources Tectonic inc. (press release of May 10, 2021) and conducted a series of exploration works in the summer of 2021. The results of the work identified 2 targets on the Gouin West property and 6 targets on the Gouin East property showing niobium potential. NioBay intends to continue its exploration work during the summer and fall of 2022 to further investigate the identified targets. Details of this exploration campaign will be presented later in the quarter.
Resource reallocation
NioBay will take advantage of the opportunities available to it with its various properties located in Quebec. As such, the Company will make changes to the allocation of financial and human resources to maximize its financial flexibility. With this in mind, we have terminated the consulting agreement with Derek Teevan, Vice-President, ESG & Communities and thank him for his services. As at March 31, 2022, the Company has approximately $9.0 million of cash on hand.
About NioBay Metals Inc.
NioBay is a company focused on exploration, development and use of critical green metals with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus.
The Company holds a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the MCFN 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 Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation.
About Niobium
Niobium is a naturally occurring element. It is a readily available, reliable, soft 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 smarter and lower environmental impacts, while also delivering other benefits like better performance, improved safety, and increased value.
Cautionary Statement
Certain 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 & CEO
Tel.: 514 866-6500
jsdavid@niobaymetals.com
www.niobaymetals.com
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408
jfmeilleur@paradox-pr.ca
ON MAY 16, 2022 TO FIND INTEREST IN THIS MINE AT A LOCAL INTEREST IS HARD TO FIND, THEY MUST KNOW THE VALUE AND WHAT IT CAN DO FOR THE WORLD. Moose Cree First Nation Survey Regarding South Bluff Creek
This is not a ratification vote for a mine. Survey now closed.
Open only to Moose Cree members aged 18 years and older. Please limit one response per member.
This survey is an opportunity for Moose Cree First Nation members to provide input to Chief and Council about the potential uses of South Bluff Creek. NioBay is not currently seeking to build a mine, but rather to do tests that will provide more information about what the costs and benefits of a mine would be. NioBay has made a legally binding commitment that it will not proceed to build a mine in the future without the support of Moose Cree First Nation.
Decisions about resource development in the Moose Cree Homeland are major decisions that must be made by the Moose Cree First Nation membership. Chief and Council’s role is to ensure that members have the best information possible to make an informed decision. Early exploration allows both proponents and our members to make informed decisions about further development. Early exploration has been occurring near South Bluff Creek for decades without any significant environmental impacts. If a mine is proposed in the future, however, there would be environmental impacts on our Homeland and also economic benefits. We do not know yet what either the impacts or the benefits would be.
Some community members have expressed the view that South Bluff Creek is a special area that should be specially protected and off-limits from all mining and industrial development, no matter how small the impacts or how big the benefits might be. Like a decision to permit development, a decision to specially protect an area of the Moose Cree Homeland is a decision that can only be made by our membership collectively. The Moose Cree First Nation membership as a collective has never been directly consulted on that question. This survey is intended to be the beginning of that conversation.
Chief and Council and the community will use the survey information to help decide whether it is worthwhile to continue to invest our time and energy into that proposed project to determine what environmental protections and economic benefits it could secure for the membership. We will also feed this survey information into our thinking about the South Bluff area in our land use planning exercise (which is ongoing).
The survey has now been closed. Thank you to our members that have shared their opin
A SURPRISE: April 28, 2022 7:45 AM
NIOBAY METALS PROVIDES UPDATE ON ITS ACTIVITIES
MONTREAL, April 28, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) provides the following update on its activities.
James Bay Niobium Project
NioBay announced the suspension of its exploration activities on the James Bay Project (press release March 17, 2022) following the reception of a letter from the board of the Moose Cree First Nation (MCFN). Since this date, we have continued our efforts with local authorities and members of the MCFN community as well as with the Ontario government to resume normal operations. NioBay has a mining lease, a valid exploration permit and an agreement with MCFN to carry out this second drilling campaign. However, NioBay will return and is ready to return to the field as soon as it obtains a guarantee that it can complete its work without interruption.
Pending further drilling in Ontario, the Company will take advantage of the other projects in its portfolio and advance exploration initiatives.
Crevier Project
NioBay continued its metallurgical work to optimize the economics of this project. With the assistance of the Quebec government, a series of metallurgical tests were conducted at COREM in 2021. Based on the success of these tests, they continued into 2022 and are currently in progress at the SGS laboratories in Quebec City. The results of this work will allow us to update our preliminary economic study (PEA), previously released in 2020.
The objective of the Crevier Project is to produce a niobium oxide and a tantalum oxide. Given the advances in the use of niobium in batteries, the Crevier Project, with its niobium oxide, has never been more relevant. Moreover, since this project’s PEA was released, the price of tantalum has risen by $30,000 per metric ton.
Gouin Project
NioBay optioned two properties from Les Ressources Tectonic inc. (press release of May 10, 2021) and conducted a series of exploration works in the summer of 2021. The results of the work identified 2 targets on the Gouin West property and 6 targets on the Gouin East property showing niobium potential. NioBay intends to continue its exploration work during the summer and fall of 2022 to further investigate the identified targets. Details of this exploration campaign will be presented later in the quarter.
Resource reallocation
NioBay will take advantage of the opportunities available to it with its various properties located in Quebec. As such, the Company will make changes to the allocation of financial and human resources to maximize its financial flexibility. With this in mind, we have terminated the consulting agreement with Derek Teevan, Vice-President, ESG & Communities and thank him for his services. As at March 31, 2022, the Company has approximately $9.0 million of cash on hand.
About NioBay Metals Inc.
NioBay is a company focused on exploration, development and use of critical green metals with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus.
The Company holds a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the MCFN 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 Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation.
About Niobium
Niobium is a naturally occurring element. It is a readily available, reliable, soft 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 smarter and lower environmental impacts, while also delivering other benefits like better performance, improved safety, and increased value.
Cautionary Statement
Certain 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 & CEO
Tel.: 514 866-6500
jsdavid@niobaymetals.com
www.niobaymetals.com
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408
jfmeilleur@paradox-pr.ca
Primary Logo
News Provided by GlobeNewswire via QuoteMedia
TO LEAD WITH NO RESULTS: April 4, 2022
Dear shareholder,
Following our decision to suspend drilling and exploration activities at our James Bay Niobium Project based on a letter
received from the council of the Moose Cree First Nation (“MCFN”), I would like to update you on the latest development.
Firstly, all of our effort have been and continue to be made in the best interest of shareholders and for the future of
NioBay.
? Following the letter, we were able to have a meeting with MCFN negotiation team. Following this meeting, we
tabled a letter asking them to support our return to the field to complete our drilling campaign.
? Originally, we had planned to stop for the goose-hunting break in April 2022. Therefore, the program was
suspended two weeks earlier then expected.
? It is now the hunting season and our camp has been put on care and maintenance.
? We have stated to the negotiation team, that our priority is to return and complete the drilling program as
originally agreed on. However, we are also evaluating all options available to NioBay (a modified drill program,
exploration on other existing NioBay properties, potential target properties, etc.)
? Over the last two weeks we have held discussions with the officials of several Ministries, including the Premiere’s
office. We all trying to find the best-negotiated solution with MCFN.
? We feel that there is a sincere interest from the Ontario Government in our project as it fits well with their recent
announcement on sritical minerals.
? Ontario’s Open for Business
? We will increase direct contact with MCFN members therefore going around the Council in order for the MCFN
members to have access to all information they require.
Keep in mind that NioBay has a mining lease and an exploration permit in good standing and an Environmental protection
agreement with MCFN in place.
The James Bay Niobium Project has demonstrated its strong potential based on the information we were able to obtain
so far (a PEA was completed in 2021). It is extremely rare to find this metal in the quantities discovered to date. There are
only 3 niobium mines in operation in the world. Niobium is used primarily in steel, of which Ontario is a major producer,
and recently in some batteries and electronic components.
We will keep you informed of developments.
Thank you for your support.
Jean-Sebastien David
President and Chief Executive Officer
HERE'S A DELAY ACCONT WITH NO START DATE: file:///C:/Users/robert%20tatge/Downloads/Note%20sharholders%204%204%202022.pdf
PASSIVE ANSWERS: PROFILE
MORE
Niobay Metals Inc. is a Canada-based mineral resource company. The Company is primarily engaged in the acquisition and exploration of mineral properties. Its principal asset, James Bay Niobium Project is located approximately 42 kilometers (km) south of Moosonee, in the James Bay Lowlands in Ontario. Its Clairy Project is located approximately 120 km north of the Chibougamau mining camp and approximately 40km south of the old Troilus mine. The Clairy Project consists of approximately 56 contiguous mining titles, which cover an area of approximately 2,818 hectares (ha). Its Crevier niobium and tantalum project (Crevier Project) is located in Crevier Township about 50 km north of Girardville, in the Lac Saint-Jean region, province of Quebec, Canada. The property covers about 83 contiguous concessions covering a total of approximately 4,645 ha. The Company also holds approximately 48% interest in certain mineral titles located in Quebec under a joint venture agreement with SOQUEM Inc.Less
Serge Savard
Independent Chairman of the Board
Claude Dufresne
President, Chief Executive Officer, Director
https://www.facebook.com/photo/?fbid=1314351512383346&set=pcb.13143518557166
JUST SEEMS EVERYONE THAT CAN MOVE THIS ALONG IS SLEEPING.
BUT GETTING PAID SHOULD BE ATTACHED TO PERFORMANCE...
[bHAPPY EASTER,
YOUR NOT REPLYING, IS THIS NOW YOU TREAT CUSTOMERS.
I WOULD LIKE TO KNOW THE DATE OF START BACK UP ?
RESPECTFULLY,
MR. ROBERT L. TATGE
-----Original Message-----
From: robtat <robtat@peoplepc.com>
Sent: Apr 6, 2022 9:15 AM
To: NIOBAY METALS INC., <cdufresne@niobaymetals.com>
Subject: INVOLDED, OUTLOOK
MORNING,
LOOKING FOR AN HONEST REPLY TO THE ACTION AT THE NIOBIUM SITE. ALSO
YOUR IDEAS ON THE NIOBIUM BATTERY. HOW MUCH ARE YOU DOING AT
THE COMPANY. YOUR LEAVE WAS IN YOUR HAND OR WHAT REALLY HAPPEN.
I HAVE 69T SHARES, AND REMEMBER WHAT HAPPEN WITH "SRSR".
I LIKE NIOBIUM AND WHAT IT CAN DO.
ASKING FOR YOUR VIEW.
RESPECTFULLY,
ROBERT L. TATGE]
WHEN LIES HIT THE FAN - FIRE THE CEO, THIS SHOULD NOT HAPPEN! WAIT-UP!
NioBay Metals suspends exploration at the James Bay Niobium Project
MONTREAL, March 17, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ("NioBay" or the "Company") (TSX-V: NBY) (OTCQB: NBYCF), a Company focused on the exploration, development and use of critical “green” metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), received today a letter from the Moose Cree First Nation (“MCFN”). This letter announced the result of a small survey of the population which indicated an intent to preserve the South Bluff Creek area from any development. That area is where NioBay’s mining lease for its critical mineral project, the James Bay Niobium, is located and where drilling activities are currently ongoing. Based on the results of this survey, the MCFN requested a meeting with NioBay regarding ceasing its permitted exploration.
NioBay is therefore suspending all exploration activities immediately on the James Bay Niobium Project until a meeting with MCFN can be held. Meanwhile, the Board of Directors is evaluating all options available to the Company at this point.
NioBay has repeatedly stated that it would not build a mine without the consent of the MCFN community. This project is still in the exploration phase and the Company does not yet have information as to whether an economic operation may be viable at this location. The Company will present the results of its exploration work when this information is available.
Land Acknowledgement
The Board of NioBay acknowledges that the James Bay Niobium Project is within Treaty 9, and the primary homeland of the Moose Cree First Nation. We respect the Indigenous Rights and Interests of Moose Cree and those Indigenous communities within Treaty 9.
About NioBay Metals Inc.
NioBay will be a leader in the Environment, Social, Governance and Indigenous inclusion supporting the development of smart mine(s) with low carbon consumption and responsible water and wildlife management practices. Critical to our success will be the consent and full participation of the Indigenous communities in whose territories we operate.
The Company 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 Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation.
About Niobium
Niobium is a naturally occurring element. It is a readily available, reliable, soft 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 smarter and lower environmental impacts, while also delivering other benefits like better performance, improved safety and increased value.
Cautionary Statement
Certain 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:
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408
jfmeilleur@paradox-pr.ca
NioBay Metals Inc.
Jean-Sébastien David, P.Geo.
President & CEO
jsdavid@niobaymetals.com
www.niobaymetals.com
I THINK THE NEW CEO ISN'T DOING HIS JOB, BRING BACK THE PRIOR CEO.....Niobay Metals suspends exploration at the James Bay Niobium Project
Niobay Metals Inc.
Montreal, March 17, 2022 – NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF), a Company focused on the exploration, development and use of critical “green” metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), received today a letter from the Moose Cree First Nation (“MCFN”). This letter announced the result of a small survey of the population which indicated an intent to preserve the South Bluff Creek area from any development. That area is where NioBay’s mining lease for its critical mineral project, the James Bay Niobium, is located and where drilling activities are currently ongoing. Based on the results of this survey, the MCFN requested a meeting with NioBay regarding ceasing its permitted exploration.
NioBay is therefore suspending all exploration activities immediately on the James Bay Niobium Project until a meeting with MCFN can be held. Meanwhile, the Board of Directors is evaluating all options available to the Company at this point.
NioBay has repeatedly stated that it would not build a mine without the consent of the MCFN community. This project is still in the exploration phase and the Company does not yet have information as to whether an economic operation may be viable at this location. The Company will present the results of its exploration work when this information is available.
Land Acknowledgement
The Board of NioBay acknowledges that the James Bay Niobium Project is within Treaty 9, and the primary homeland of the Moose Cree First Nation. We respect the Indigenous Rights and Interests of Moose Cree and those Indigenous communities within Treaty 9.
About NioBay Metals Inc.
NioBay will be a leader in the Environment, Social, Governance and Indigenous inclusion supporting the development of smart mine(s) with low carbon consumption and responsible water and wildlife management practices. Critical to our success will be the consent and full participation of the Indigenous communities in whose territories we operate.
The Company 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 Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation.
About Niobium
Niobium is a naturally occurring element. It is a readily available, reliable, soft 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 smarter and lower environmental impacts, while also delivering other benefits like better performance, improved safety and increased value.
Cautionary Statement
Certain 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:
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408
jfmeilleur@paradox-pr.ca
NioBay Metals Inc.
Jean-Sebastien David, geo.
President & CEO
Tel.: 514 866-6500
Email: jsdavid@niobaymetals.com
www.niobaymetals.com
Follow us on Twitter: https://mobile.twitter.com/NiobayMetals
LinkedIn: https://www.linkedin.com/company/niobay-metals-inc.?trk=biz-companies-cym
PLANNED SHUT DOWN DURNING SPRING, WHO KNEW[color=red][/color]
[ws Press Releases
NioBay Metals confirms commencement of drilling at James Bay Niobium
V.NBY | February 23, 2022
MONTREAL, Feb. 23, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF), a Company focused on the exploration, development and use of critical “green” metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), is pleased to announce that Forage G4 Drilling (“G4”), with the support of Expedition Helicopters (“Expedition”) and Expedition Camps and Logistics has completed the mobilisation of the first drill rig and commenced drilling of its 15,000 to 20,000 meter exploration drill program (the “Program”) at its James Bay Niobium Project. The three companies are in joint ventures with Moose Cree First Nation (“MCFN”) registered businesses.
NioBay received the exploration drilling permit on January 8, 2021 to drill up to 20,000 meters. The Program is expected to last 12-15 weeks and will pause in April to respect the goose hunting season. The program is primarily an infill drill program which will be used to maximize the conversion of resources from the inferred to indicated category, as required for prefeasibility reporting. Additionally, the Program will target a potentially high-grade zone to the north in an unexplored zone at vertical depths between 200 and 400 metres.
Word from the CEO
“We are excited to be on the ground with this exploration program. This program will allow us to better understand and better define this deposit. In addition to exploration, we have listened to the community in regards to the need to undertake environmental baseline studies to ensure our exploration and any future work by NioBay will have an unmitigated impact on the environment. This information will be used by either Niobay or MCFN to help make future decisions”, commented Jean-Sébastien David, President and CEO of NioBay.
Land Acknowledgement
The Board of NioBay acknowledges that the James Bay Niobium Project is within Treaty 9, and the primary homeland of the Moose Cree First Nation. We respect the Indigenous Rights and Interests of Moose Cree and those Indigenous communities within Treaty 9.
About NioBay Metals Inc.
NioBay will be a leader in the Environment, Social, Governance and Indigenous inclusion supporting the development of smart mine(s) with low carbon consumption and responsible water and wildlife management practices. Critical to our success will be the consent and full participation of the Indigenous communities in whose territories we operate.
The Company 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 Quebec and on the Nitassinan territory of the Pekuakamiulnatsh First Nation.
About Niobium
Niobium is a naturally occurring element. It is a readily available, reliable, soft 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 smarter and lower environmental impacts, while also delivering other benefits like better performance, improved safety and increased value.
Cautionary Statement
Certain 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:
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408
jfmeilleur@paradox-pr.ca
NioBay Metals Inc.
Jean-Sébastien David, P.Geo.
President & CEO
jsdavid@niobaymetals.com
www.niobaymetals.com
Primary Logo
Tags:
INDUSTRIAL METALS & MINERALS
0
Related News
Stockhouse @ the Bell: The rally cools ..?
1 day ago
Stockhouse @ the Bell: Interest rates & Ukraine invasion still in focus
2 days ago
Stockhouse @ the Bell: Markets move higher on Fed rate decisions
3 days ago
Recent U.S. Press Releases
Barrick, Pakistan and Balochistan Agree in Principle to Restart Reko Diq...
5 hours ago
INDUSTRIAL METALS & MINERALS
Athira Pharma Presents Study Overview and Baseline Data from ACT-AD Phase 2...
6 hours ago
BIOTECHNOLOGY | HEALTHCARE
Core One Labs to Investigate Soliciting Investment and Potential Takeover...
15 hours ago
HEALTHCARE
More Press Releases »
Featured News Links
Giant Opportunity for a Plant-Based Food Co. making Inroads into a niche $80B industry
Gold Zone Expansion Bodes Well for Kirkland Lake Company’s Miller Gold Property
A Suite of Services for Consumers Who Choose to Protect Rather Than Sell Their Data
Leading Biotech Company Officially Opens Its New Clinical Psychedelic Research Facility
A Company Focused on Modernizing and Digitizing HR Solutions Discusses the Hot Recruitment Market
Get the latest news and updates from Stockhouse on social media
facebook twitter linkedin
Follow STOCKHOUSE Today
/b]
NioBay Metals suspends exploration at the James Bay Niobium Project
NioBay Metals Inc.
Thu, March 17, 2022, 6:00 PM·3 min read
NioBay Metals Inc.
NioBay Metals Inc.
MONTREAL, March 17, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ("NioBay" or the "Company") (TSX-V: NBY) (OTCQB: NBYCF), a Company focused on the exploration, development and use of critical “green” metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), received today a letter from the Moose Cree First Nation (“MCFN”). This letter announced the result of a small survey of the population which indicated an intent to preserve the South Bluff Creek area from any development. That area is where NioBay’s mining lease for its critical mineral project, the James Bay Niobium, is located and where drilling activities are currently ongoing. Based on the results of this survey, the MCFN requested a meeting with NioBay regarding ceasing its permitted exploration.
NioBay is therefore suspending all exploration activities immediately on the James Bay Niobium Project until a meeting with MCFN can be held. Meanwhile, the Board of Directors is evaluating all options available to the Company at this point.
NioBay has repeatedly stated that it would not build a mine without the consent of the MCFN community. This project is still in the exploration phase and the Company does not yet have information as to whether an economic operation may be viable at this location. The Company will present the results of its exploration work when this information is available.
Land Acknowledgement
The Board of NioBay acknowledges that the James Bay Niobium Project is within Treaty 9, and the primary homeland of the Moose Cree First Nation. We respect the Indigenous Rights and Interests of Moose Cree and those Indigenous communities within Treaty 9.
About NioBay Metals Inc.
NioBay will be a leader in the Environment, Social, Governance and Indigenous inclusion supporting the development of smart mine(s) with low carbon consumption and responsible water and wildlife management practices. Critical to our success will be the consent and full participation of the Indigenous communities in whose territories we operate.
Story continues
https://www.digitaljournal.com/pr/niobay-metals-confirms-commencement-of-drilling-at-james-bay-niobium
LATEST NEWS:NioBay Metals Inc.
NioBay Metals Inc.
MONTREAL, Feb. 23, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF), a Company focused on the exploration, development and use of critical “green” metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), is pleased to announce that Forage G4 Drilling (“G4”), with the support of Expedition Helicopters (“Expedition”) and Expedition Camps and Logistics has completed the mobilisation of the first drill rig and commenced drilling of its 15,000 to 20,000 meter exploration drill program (the “Program”) at its James Bay Niobium Project. The three companies are in joint ventures with Moose Cree First Nation (“MCFN”) registered businesses.
NioBay received the exploration drilling permit on January 8, 2021 to drill up to 20,000 meters. The Program is expected to last 12-15 weeks and will pause in April to respect the goose hunting season. The program is primarily an infill drill program which will be used to maximize the conversion of resources from the inferred to indicated category, as required for prefeasibility reporting. Additionally, the Program will target a potentially high-grade zone to the north in an unexplored zone at vertical depths between 200 and 400 metres.
Word from the CEO
“We are excited to be on the ground with this exploration program. This program will allow us to better understand and better define this deposit. In addition to exploration, we have listened to the community in regards to the need to undertake environmental baseline studies to ensure our exploration and any future work by NioBay will have an unmitigated impact on the environment. This information will be used by either Niobay or MCFN to help make future decisions”, commented Jean-Sébastien David, President and CEO of NioBay.
Land Acknowledgement
The Board of NioBay acknowledges that the James Bay Niobium Project is within Treaty 9, and the primary homeland of the Moose Cree First Nation. We respect the Indigenous Rights and Interests of Moose Cree and those Indigenous communities within Treaty 9.
Story continues
Press release
TSX-V: NBY OTCQB:NBYCF
NioBay Metal announces agreement with Tribal Logistics/Expedition Helicopter and updated agreement with Moose Cree First Nation
Montreal, Quebec, January 10, 2022 – NioBay Metals Inc. ("NioBay" or the "Company") (TSX-V: NBY) (OTCQB: NBYCF), a company focused on exploration, development and use of critical green metals with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus, is pleased to announce the signing of a camp site rental agreement with Tribal Logistics/Expedition Helicopter to be used for its James Bay Niobium Project (the “Project”). The existing camp site is located and is a property of Ontario Northland Railway (“ONR”) and will be used by NioBay personnel and contractors working on the Project. NioBay will also use transportation services of ONR during the exploration and Prefeasibility study periods.
Environmental protection agreement
On December 7th, NioBay and Moose Cree First Nation signed an updated protection agreement to cover the 2022 drilling program.
Drilling program
The crew is coming back from Christmas holidays and is working to set up the new camp facility on the ONR site. The drilling crew will arrive when the camp is ready. The first drill was moved in December and we are expecting to get a second drill by the end of January.
“It has been a very challenging time with logistics, COVID cases and availability of resources, but I’m now pleased to say that we are in a good position to succeed in this new drilling program with the two signed agreements. Since we are behind scheduled, we were extremely pleased to get a second drill. I’m sure many of our shareholders are waiting for results, as am I”, says Jean-Sébastien David, NioBay CEO.
about NioBay Metals Inc.
NioBay will be a leader in the Environment, Sustainability, Governance and Indigenous inclusion supporting the development of smart mine(s) with low carbon consumption and responsible water and wildlife management practices. Critical to our success will be the consent and full participation of the Indigenous communities in whose territories we operate.
The Company 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 Quebec and on the Nitassinan territory of the Pekuakamiulnatsh First Nation and a 48% direct participation in mineral titles situated in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM.
About Niobium
Niobium is a naturally occurring element. It is a readily available, reliable, soft 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 smarter and lower environmental impacts, while also delivering other benefits like better performance, improved safety, and increased value.
Cautionary Statement
Certain 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:
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408
jfmeilleur@paradox-pr.ca
NioBay Metals Inc.
Jean-Sebastien David, geo.
President & CEO
Tel: (514) 866-6500
jsdavid@niobaymetals.com
www.niobaymetals.com
https://miningdataonline.com/property/4734/James-Bay-Niobium-Project.aspx
NOFIRST ENERGY METALS DRILLS TWO INTERCEPTS OF 1.76 AND 1.18 PERCENT LITHIUM OXIDE OVER 5.6- AND 6.12-METERS IN DRIL HOLE LC21-29 AT AUGUSTUS LITHIUM PROPERTY
Vancouver, B.C. (November 4, 2021) -- InvestorsHub NewsWire -- First Energy Metals Ltd. (CSE: FE) ("First Energy" or the "Company) is pleased to announce results of drill hole LC21-29 at its Augustus Lithium Property in Quebec, Canada. The drill hole intercepted two lithium pegmatites where the top intercept is 1.18 percent (%) lithium oxide (Li2O) over 6.12 metres at 148.48 metres (m) drilled depth, and the lower intercept is 1.76% Li2O over 5.6 metres at 158.4 metres drilled depth. Bothe mineralized intercepts are only 4.2 meters apart from each other. There are anomalous values of other rare metals including niobium (Nb), rubidium (Rb), tantalum (Ta), beryllium (Be), and cesium (Cs) (see Table 1 for details).
Highlights
Upper Intercept (Total 6.12 m from 148.48m to 154.6m)
Lithium oxide values are in the range of 0.65% to 2.41% Li2O with an average of 1.18% Li2O over 6.12 m.
Beryllium is in the range of 87 parts per million (ppm) to 204 ppm.
Cesium is in the range of 29 ppm to 94 ppm.
Niobium is in the range of 75.4 ppm to 143.7 ppm.
Rubidium is in the range of 354 ppm to 1,820 ppm.
Tantalum is in the range of 49.6 ppm to 110 ppm.
Lower Intercept (Total 5.6 m from 158.4m to 164 m)
Lithium oxide values are in the range of 0.23% to 2.80% Li2O with an average of 1.76% Li2O over 5.6 m.
Beryllium is in the range of 151 ppm to 441 ppm.
Cesium is in the range of 30.8 ppm to 69.2 ppm.
Niobium is in the range of 72.1 ppm to 101.5 ppm.
Rubidium is in the range of 127 ppm to 1,430 ppm.
Tantalum is in the range of 68.8 ppm to 100 ppm.
Drill hole LC21-29 was drilled at location: 287182.82E, 5367943.92N (NAD 1983 UTM Zone 18N), Azimuth 205.35 degrees, Dip -50.4 degrees with a total drilled depth of 291m. All intersections reported are based on drilled width and have not been converted to the true width.
The drill program was based on the historical exploration data and the Company's surface trenching and sampling program. Several historical drill hole collars were also located on the Property which helped in location and orientation of drill holes for the current program. The drilling work was contracted to Forage Hebert Inc. Drilling of Amos, Quebec. A B-20 drill rig was deployed which has a capacity to drill up to 1,000-meter-deep hole. A total of 32 NQ size diamond drill holes were completed on the Property with a cumulative drilling of 5,847.15 metres. A core shack was built at the village of St-Dominique du Rosaire located about 50km from the Property for drill core logging, sample preparation and storage. The drill core was logged and sampled at the core shack using a rock saw. For quality control and quality assurance (QA/QC), field duplicates, standards and blanks were inserted at industry standard intervals.
The samples were bagged and tagged using best practices and were delivered to Activation Laboratories ("ACTLABS"), Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7 and sodium peroxide fusion (Na2O2) as summarized below. ACTLABS is an independent commercial, accredited ISO Certified Laboratory.
Code Ultratrace 7 – Peroxide Fusion – ICP and ICP/MS
Samples are fused with sodium peroxide in a Zirconium crucible. The fused sample is acidified with concentrated nitric and hydrochloric acids. The resulting solutions are diluted and then measured by ICP-OES and ICP-MS. All metals are solubilized.
ICP-MS
Fused samples are diluted and analyzed by Agilent 7900 ICP-MS. Calibration is performed using five synthetic calibration standards. A set of (10-20) fused certified reference material is run with every batch of samples for calibration and quality control. Fused duplicates are run every 10 samples.
ICP-OES
Samples are analyzed with a minimum of 10 certified reference materials for the required analytes, all prepared by sodium peroxide fusion. Every 10th sample is prepared and analyzed in duplicate; a blank is prepared every 30 samples and analyzed. Samples are analyzed using a Varian 735ES ICP and internal standards are used as part of the standard operating procedure. Source: https://actlabs.com/geochemistry/lithogeochemistry-and-whole-rock-analysis/peroxide-total-fusion/
Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a "Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
About the Augustus Lithium Property
The Company owns 100% interest in Augustus Lithium Property in Landrienne & Lacorne-Townships, Quebec, Canada. The Property consists of 271 mining claims covering a total area of 14,155 hectares located approximately 40 kilometres northwest of the town of Val d'Or on map sheets 32C/05 and 32D08. The Property claims are spread in several claim blocks optioned in 2021 from different vendors. The Company has prepared a well thought out work plan on the property which includes diamond drilling, metallurgical testwork to produce battery grade lithium carbonate, and resource estimation. To date, the Company has compiled historical drill hole data on the Property for 74 historical dill holes with a cumulative drilling of 12,123.14 m, out which 6,024 m drilling was completed on the Property during 1950s. Several drill hole results indicated intersections over 1% lithium oxide.".
About First Energy Metals Limited.
First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. Its goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal, and base metal sector.
The company's strategy is to:
Acquire and advance projects through prospecting and early-stage exploration;
Source joint venture partners to finance future exploration and project development;
Create shareholder value through exploration success.
First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time.
ON BEHALF OF THE BOARD OF
FIRST ENERGY METALS LTD.
"Gurminder Sangha"
Gurminder Sangha
President & Chief Executive Officer
For further information, please contact the Company at: gsangha@firstenergymetals.com or (604) 375-6005
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
Forward-looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company's information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in thiV 4-2021
Update: NioBay Metals Soars 16% as Reports Initial Results from Metallurgical Program
BY MT Newswires
— 10:53 AM ET 10/14/2021
10:53 AM EDT, 10/14/2021 (MT Newswires) -- Niobay Metals Inc. (NBYCF) provided Thursday the first results from its metallurgical program, which is designed to achieve battery-grade niobium oxide from its James Bay project.
The company, which at last look surged 16.2% in early Thursday trading, said the first phase of testing demonstrated a 3% improvement from the company's preliminary economic assessment, reaching up to 81.3% while producing a niobium concentrate of 61.7%.
Niobay said the results reinforce the project's potential to become the best alternative low-cost source of battery-grade niobium oxide outside China.
The second phase of the metallurgical program will focus on the production of niobium battery-grade and consist of a hydrometallurgical treatment to purify the concentrate to +99% Nb2O5. Results are expected in the upcoming months.
Following the metallurgical results, the team has fast-tracked the planning for the construction of a pilot plant, which will assist in the plant conception for the upcoming pre-feasibility/feasibility studies.
Price: 0.43, Change: +0.06, Percent Change: +16.22
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
[
NioBay Metals comes to an agreement with SOQUEM for the sale of properties
MONTREAL, Oct. 20, 2021 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF), a company focused on exploration, development and use of critical green metals with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus, is pleased to announce the execution of a letter of agreement for the sale to SOQUEM of the rights and interests of NioBay in the Lac Shortt, L'Espérance, Le Tac and Clairy properties (ie. an undivided interest of approximately 48%) for a total cash purchase price of $950,000.
Transaction Highlights
Cash Payment. Purchase price of $950,000 to be paid to NioBay in cash upon closing of the transaction.
2% NSR Royalty. NioBay will retain a 2% NSR royalty on the Clairy property, half of which (1% NSR) will be redeemable at any time by SOQUEM in consideration of a payment to NioBay of $1,000,000 in cash.
Back-in Right. In addition, NioBay will have the right to buy back a 50% interest in any project containing a mineral resource that has been identified and confirmed by a 43-101 technical report in consideration of a cash payment equal to the total of 200% of exploration expenditures and 100% of the amount paid by SOQUEM for the property concerned.
The proposed transaction is subject to various conditions, including its approval by SOQUEM’s board of directors and the execution of a definitive agreement.
Word from the CEO
“This represents the sale of our remaining interests in these properties,” says Jean-Sébastien David, CEO of the Company. “The sale is justified by the fact that the company will focus its efforts on the development of its critical and strategic mineral projects, which are the James Bay and Crevier Projects. I would like to thank SOQUEM for the partnership we have had in recent years. We wish them good luck in their work,” concluded Mr. David.
Qualified Person
Jean-Sebastien David, P. Geo., a Qualified Person within the meaning of NI 43-101, has approved this release. Mr. David is also the Company’s CEO.
About NioBay Metals Inc.
NioBay will be a leader in the Environment, Sustainability, Governance and Indigenous inclusion supporting the development of smart mine(s) with low carbon consumption and responsible water and wildlife management practices. Critical to our success will be the consent and full participation of the Indigenous communities in whose territories we operate.
The Company 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 Quebec and on the Nitassinan territory of the Pekuakamiulnatsh First Nation and a 48% direct participation in mineral titles situated in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM.
About SOQUEM
SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Québec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Québec’s mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future.
About Niobium
Niobium is a naturally occurring element. It is a readily available, reliable, soft 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 smarter and lower environmental impacts, while also delivering other benefits like better performance, improved safety, and increased value.
Cautionary Statement
Certain 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 & CEO
Tel.: 514 866-6500
jsdavid@niobaymetals.com
www.niobaymetals.com
Paradox Public Relations
Tel: (514) 341-0408 or 1-866-460-0408
jfmeilleur@paradox-pr.ca
This message was distributed by GlobeNewswire.
2321 Rosecrans Ave. Ste 2200, El Segundo, CA, 90245, USA. +1-800-307-6627. www.globenewswire.com
On behalf of NioBay Metals Inc. 1100 Avenue Des Canadiens-de-Montréal Bureau 300, Montréal, QC H3B 2S2 CA http://niobaymetals.com/wp/en/home-2/
This message was sent to robtat@peoplepc.com.
If you wish to no longer receive these messages you can unsubscribe/b]
[bHello Robert,
No, the project is not in production or construction yet.
What we have done and what we are doing is to accelerate our metallurgical work / pilote test work.
To move the project at a PF stage we need to do infield drilling (starting in November), to start the environmental base line study (already started) . This is requested before the permitting .
Claude is still around but he will look more downstream (a good fit with the mining project)
Best regards
JS David
-----Original Message-----
From: robtat <robtat@peoplepc.com>
Sent: October 18, 2021 1:05 PM
To: Jean-Sebastien David <Jsdavid@niobaymetals.com>
Subject: Re: Niobium Battery[color=red][color=red][color=red][/color][/color][/color]
HELLO,
Jean-Sebastien David, CONGRATS,
WOULD LIKE TO KNOW IF THE MINE IS REALLY AT A PRODUCTION STAGE, BEEN WITH THIS COMPANY AT START. I LIKE IT, DOING A GREAT JOB BRINGING "NIOBIUM" TO THE PUBLIC AND THE WORLD. A FOLLOW-UP:
Niobay Metals Inc. (NBYCF) Stock Message Board - InvestorsHub (advfn.com) GREAT RESPECT, ROBERT L. TATGE SPICER, MN
-----Original Message-----
From: robtat
Sent: Oct 18, 2021 11:28 AM
To: Claude Dufresne
Subject: Re: Niobium Battery
HELLO,
CLAUDE, REMEMBER ME, I HATED TO SEE YOU TAKE A DIFFERENT
PLAY ON THE MINE, BUT I'M SURE YOUR STILL INVOLVED. I'D LIKE TO KNOW THE CONDITION THE REAL STATE OF THE MINES TO BATTERY RESULTS. I LIKE WHAT I'M READING. YOUR POINT OF VIEW, I'D APPRECIATE, HOPE YOU ARE HAVING FUN AT YOUR NEW POSITION.
THE BEST,
ROBERT L. TATGE
-----Original Message-----
From: Claude Dufresne
Sent: Sep 20, 2021 8:37 AM
To: ]
Thursday, October 14, 2021 12:12 PM | Kyle Depontes
Niobay Metals (NBYCF) Stock Skyrockets After Announcing First Results from Niobium Metallurgical Project
What is going on with NBYCF?
Niobay Metals Inc. (NBYCF) stock surged today after the company provided the first results from its metallurgical testing program related to the production of battery-grade Niobium from its James Bay Niobium Project.
The results demonstrated a 3% improvement from the company’s Preliminary Economic Assessment recovery, reaching up to 81.3% while producing a Niobium concentrate of 61.7%.
Shares of NBYCF increased 14% to $0.34 as of Thursday at 8:57am.
What does this mean for Niobay Metals?
The program is designed to achieve battery grade Niobium oxide to be used as anode material in fast charging lithium battery technology.
The promising results of the testing, including the higher concentration, recovery, and purity of the James Bay Project, provides the best potential low-cost Niobium project in North America.
"We are very excited by the 3% metal recovery improvement over the PEA result. These results reinforce the strong economic potential of the James Bay Niobium Project and separate it as the best alternative low-cost source of battery-grade Niobium oxide outside China," commented Jean-Sebastien David, Niobay President and CEO.
"We are confident that the ongoing testing will future advance the production of a green metal that will support global decarbonization".
The second phase of the ongoing metallurgical program will focus on the production of niobium battery grade and consist of a hydrometallurgical treatment to purify the concentrate to +99% Nb2O5 (battery-grade Niobium oxide). Results are expected in the upcoming months.
Short-Term Technical Rank - 34
NBYCF has a Short-Term Technical Rank of 34. Find out what this means to you and get the rest of the rankings on NBYCF!
See Full NBYCF Stock Report
Niobay Metals Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. Its project includes the James Bay Niobium Project located in northern Ontario, Canada. Its other projects include the Crevier niobium and tantalum project. The company has one operating segment, being Mining exploration and evaluation.
[bProject”). This first phase of testing, performed by SGS Lakefield Inc, consisted of producing a Niobium concentrate, similar to the previous tests done on the James Bay Project’s ore.
The results demonstrated a 3% improvement from the Company’s market-leading Preliminary Economic Assessment (“PEA”) recovery, reaching up to 81.3% while producing a Niobium concentrate of 61.7%. In addition, the lack of deleterious material and low silicate content should translate in a significant reduction in acid consumption for the battery-grade Niobium oxide production. The first phase of metallurgical testing also contributed to optimizing the parameters and flowsheet design.
Table 1 : Nb2O5 Concentrate Grade (%) and Overall Recovery (%)
Average
Min
Max
Nb2O5
Grade (%)
59.8
56.8
61.7
Recovery (%)
74.7
67.9
81.3
The higher concentration, recovery and purity of the James Bay Project provides the best potential low-cost Niobium project in North America.
Story continues
Quote Lookup
Symbol Last Price Change % Change
NBYCFNiobay Metals Inc. 0.4310 +0.0694 +19.20%
Symbol Last Price Change % Change
HJENDirexion Shares ETF Trust - Direxion Hydrogen ETF 21.61 -0.21 -0.96%
CCXIChemoCentryx, Inc. 34.47 -2.61 -7.04%
NBYCFNiobay Metals Inc. 0.4310 +0.0694 +19.20%
VLEOFVoleo Trading Systems Inc. 0.2404 0.0000 0.00%
ANYSphere 3D Corp. 8.00 +0.10 +1.27%
]
Followers
|
2
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
435
|
Created
|
07/25/16
|
Type
|
Free
|
Moderators |
|
Ownership
Niobay Metals Inc. 100 %,
Location
The James Bay property is located east of the Township of Carroll in the district of Cochrane, 45 km south of Moosonee, in the James Bay Lowlands in the Province of Ontario, Canada .
Area
The property comprise the Crown Mining Lease and covers a total of 2,530 hectares.
History
The James Bay property was discovered in 1966 by Consolidated Morrison Explorations. Major exploration work carried out in 1968 and 1969, including about 48,000 feet of drilling in 85 holes established a deposit extending to 900 feet in depth and 1600 feet longitudinally. Lakefield Research carried out metallurgical tests in 1969, allowing for the development of a possible flow sheet for the niobium ore, with a view to the production of a concentrate grade of about 65% pyrochlore (Nb2O5).
A historical feasibility study was completed by the firm Canadian Bechtel Ltd. at the end of 1969, and updated by the same firm in 1979.
A number of studies dealing with specific aspects of the project were carried out between 1969 and 1979 by independent firms or companies for evaluation purposes, with a view to possible partnerships or acquisitions. At that time niobium price was a fraction of where it is today.
In June 2016, Niobay Metals Inc. acquired 100% of the property from Barrick Gold Inc., James Bay Columbium Ltd. and Goldcorp Inc.
Geology and Mineralization
Polychlore mineralization is contained in an intrusive complex of pyroxene-rich carbonatites dating from the Huronian Orogen, and generally orientated north south. Intrusions of hornblende gneiss abut the complex on its east and west sides. The general dip is sub-vertical, orientated slightly to the east.
Palaeozoic sediments consisting of altered, silty, sandy, argillaceous sandstones discordantly cover the carbonatite complex. These sandstones vary in thickness from 40 to 100 feet, and lie horizontally over the carbonatites, covering them completely. Unconsolidated silty glacial sediments between 20 and 30 feet deep cover these sandstones, and are themselves covered by spongy peat (muskeg) 3 to 6 feet deep.
Historical Estimates
A historical estimate was finalized by Dr. P. Price of Canadian Bechtel Ltd in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, an exploration shaft was sunk and a 225 tonne bulk sample was extracted to subsequently be used in a pilot plant which demonstrated a recovery rate of 78%, which is considered high for niobium processing.
The historical resources estimate, the historical feasibility and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. Niobay Metals has not yet undertaken the work necessary to verify or classify those historical results. Economic studies completed in the 1960s do not mean the James Bay Niobium deposit would be found to be economic today. Niobay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified perso
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Your Recent History | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Further to the acquisition by the Company of the James Bay niobium project announced on June 28, 2016, and considering that the Company plans to concentrate its efforts principally on enhancing the value of this niobium project, during the Meeting, the Company will solicit the adoption by its shareholders of special resolutions authorizing the amendment of its articles (the “Articles”) to consolidate its common shares (the “Common Shares”), modify the name of the Company and to authorize the Company’s directors to name one or more directors between annual meetings of shareholders, as further described below.
Share Consolidation
In order to raise the share price to more attractive levels and to facilitate raising additional capital in the future, the Company considers it may be advisable to consolidate its issued and outstanding Common Shares.
Accordingly, shareholders will be asked to consider, and if deemed advisable, to adopt a special resolution to authorize an amendment to the Articles on such basis as the directors of the Company may determine, so as to consolidate the issued and outstanding Common Shares of the Company on the basis of one (1) Common Share for a maximum of five (5) issued and outstanding Common Shares.
As of this date, 119,657,539 Common Shares of the Company are issued and outstanding; should a share consolidation on the basis of a 1 to 5 ratio be implemented, a total of approximately 23,901,508 shares would be issued and outstanding. The share consolidation will not change a shareholder’s proportionate interest in the Company; except that if, as a result of the share consolidation, a shareholder becomes entitled to a fractional Common Share, such fraction will be rounded down to the nearest whole number.
Change of the Name of the Company
The shareholders of the Company will be asked to consider, and if deemed advisable, to approve a special resolution to authorize an amendment to its Articles to modify the name of the Company from “MDN Inc.” to “Les métaux Niobay inc. / Niobay Metals Inc.”
The Company wishes to adopt the name “Les métaux Niobay inc. / Niobay Metals Inc.” to re-brand the Company in consideration of its evolution over the past months including, notably, the acquisition by the Company of the James Bay niobium property concluded on June 28, 2016.
Modifications to the Articles to Allow the Addition of Directors
The Company’s board of directors believes that it would be beneficial to the Company and its shareholders to give the board flexibility to add directors who possess expertise and knowledge relevant to the Company’s operations from time to time between two annual shareholder meetings.
The shareholders will be asked to consider and, if deemed advisable, to approve, a special resolution, as provided in the Business Corporations Act (Quebec), to authorize an amendment of the Company’s Articles to authorize the directors to appoint one or more additional directors to hold office for a term expiring not later than the close of the annual shareholders meeting following their appointment, provided that the total number of directors so appointed may not exceed one third of the number of directors elected at the annual shareholder meeting preceding their appointment.
Approvals
In addition to the approval of these special resolutions by the Company’s shareholders, these resolutions are also subject to the receipt of all required regulatory approvals, including those of the TSX Venture Exchange. In addition, notwithstanding whether these resolutions are passed by shareholders at the Meeting, the board of directors of the Corporation may choose not to implement the proposed amendments to the Articles at any time prior to the issuance of a Certificate of Amendment giving effect to the amendment of the Corporation’s Articles of Incorporation, without further notice to or approval of the shareholders.
Information Circular
An information circular which describes each of these special resolutions will be communicated to all shareholders of the Company during the month of August 2016.
About MDN (TSX VENTURE: MDN)
MDN Inc. is a mining exploration company that recently acquired the James Bay Niobium (Argor) property in Ontario, Canada. MDN also holds a 72.5% interest in Crevier Minerals Inc., which owns a niobium tantalum resource in Quebec, Canada and the Ikungu and Ikungu East Gold properties in Tanzania.
Forward-Looking Statements
The statements set forth in this press release, which describe MDN‘s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of securities legislation. Positive or negative verbs such as “will”, “plan”, “evaluate”, “estimate”, “believe”, “expect” and other related expressions are used to identify such statements. MDN would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements, or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between MDN‘s actual results and the projections or expectations set forth in the forward-looking statements include financing risks, title matters, metal and mineral prices, operations in foreign countries, laws and regulatory requirements, currency risks, volatility of share prices and uninsured risks, and such other risks as described in detail from time to time in documents filed by MDN with securities regulatory authorities in Canada. Unless otherwise required by applicable securities laws, MDN disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this press release is based on information available as of the date of the release.
Follow us on Twitter: https://mobile.twitter.com/MDN_INC
LinkedIn: https://www.linkedin.com/company/1318737
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |