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[color=red][/color]DO YOU EVER FINF A COMPANY ON THE MARKET THAT DOES NOT TRADE, WHAT DOES THIS MEAN:?
1. MANIPULATING
2. HONEST INTEREST
3. TRUST INTEREST
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Will I Lose My Shares If a Company Is Delis Updated May 8, 2019
There are numerous standards established by stock exchanges to control membership in the exchange. Companies wishing to issue their stock on an exchange must meet certain listing requirements and maintain them.
Let's start by walking through the reasons for listing requirements and what happens when a company's stock is delisted from a major exchange such as the Nasdaq.
The success of a stock exchange depends largely on investors' confidence in the stocks it trades on. So, to maintain investors' confidence, the major exchanges allow only public companies that meet specific requirements to list on the exchange.
What Are Some Listing Requirements?
Just a few of these requirements are a minimum share price, number of shareholders and level of shareholders' equity. Should a stock fall below the minimum share price or fail to provide timely documentation of its performance and operations, such as its 10-Q or 10-K filings with the Securities and Exchange Commission (SEC), the exchange may choose to delist the company's stock.
For example, the New York Stock Exchange (NYSE) requires that a company must have at least 1.1 million publicly-traded shares outstanding that are worth at least $100 million to be listed.
What Happens to Delisted Stocks?
If one of your stocks is delisted, the company basically has two options. It can choose to trade on the Over-the-Counter Bulletin Board (OTCBB) or the pink sheets system. Usually, if the company is current with the release of its financial statements, it will trade on the OTCBB, as it is more regulated than the pink sheets (although both are much less regulated than the major exchanges). If the company is unable to trade on the OTCBB, it will likely end up trading on the pink sheets – the least regulated market for a publicly-traded equity.
When a stock drops down to either the OTCBB or the pink sheets, it usually suffers a loss in investors' confidence, as the company failed to meet the requirements of the trusted major exchanges. If the company remains delisted beyond a short period of time, institutional investors will likely stop researching and trading the stock, which means individual investors have access to much less information about the company. Liquidity and trading volume drop off as a result.
How Does This Affect Share Ownership?
Throughout this entire process you still legally own your shares in the company (should you choose not to sell them). However, delisting is generally regarded as the first step toward potential Chapter 11 bankruptcy.
Should one of your stocks be delisted from a major exchange, it would be prudent to carefully review the reasons for its removal and the potential impact it could have on you as an investor, because you may not want to continue holding the stock.
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What does it mean when a stock symbol has a .PK after it?
Relisted shares require a company to return to good standing by complying with financial standards set by the exchange or regulatory body. more
SEC Form 25
SEC Form 25 is the form issuers of listed securities have to file with the SEC when they are delisting their securities. more
How Unquoted Public Companies Work
An unquoted public company, or an unlisted public company, is a firm which has issued shares that are no longer traded on a stock exchange. more
A Review of Pink Sheet Stocks and How Investors Can Trade Them
Pink sheets refer to a listing service for stocks that trade over-the-counter (OTC). Pink sheet companies are not usually listed on a major exchange. The Securities and Exchange Commission (SEC) does not regulate the pink sheet filing requirements. more
Delisting Definition
Delisting is the removal of a security's inclusion on the stock exchange. more
Over-The-Counter – OTC
Over-The-Counter (OTC) trades refer to securities transacted via a dealer network as opposed to on a centralized exchange such as the New York Stock Exchange (NYSE). These securities do not meet the requirements to have a listing on a standard market exchange
[color=red][/color]DO YOU EVER FINF A COMPANY ON THE MARKET THAT DOES NOT TRADE, WHAT DOES THIS MEAN:?
1. MANIPULATING
2. HONEST INTEREST
3. TRUST INTEREST
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December 11, 2019 10:54 ET | Source: NioBay Metals Inc.
MONTREAL, Dec. 11, 2019 (GLOBE NEWSWIRE) -- Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased to provide an update of activities related to the Company’s niobium and tantalum project (the “Crevier Project”), the James Bay Niobium Project, in addition to a corporate update.
James Bay Niobium Project
The Company would like to announce that on December 16th, Moose Cree First Nation (“MCFN”) will be hosting an information session for its members on the progress made by MCFN and the Company on a Protection Agreement. The Protection Agreement is expected to be finalized before the end of the year and relates to the upcoming exploration program on the James Bay Niobium project.
Crevier Project
As indicated on our June 26, 2019 press release, Les Minéraux Crevier signed an agreement with COREM research and development center in Quebec City in relation of a metallurgical program to test innovative technologies with a focus on pre-concentration technologies and new reagents developed over the last few years. The first series of tests were completed and the Company will commence a series of flotation test work. The first set of results are expected late in the first quarter of 2020.
In relation to this work, the Company is proud to announce that it received a grant of an amount of up to $144,800 from The Ministère de l’Énergie et des Ressources Naturelles du Quebec, as well as a second grant from the Ministère de l’Économie et de l’Innovation du Quebec of an amount of up to $108,600.
Appointment of a new CFO
The Company would like to announce the appointment of Mr. Anthony Glavac to the position of Chief Financial Officer following the resignation of Mr. Alain Krushnisky. Mr. Glavac has over 15 years of experience in financial reporting, including over 10 years in the mining industry. He also currently holds the positions of Chief Financial Officer at Falco Resources Ltd. and Osisko Metals Incorporated and previously held various positions at Dynacor Gold Mines and Alderon Iron Ore Corp.
Qualified Person [url][/url][tag]insert-text-here[/tag]
This press release was verified and approved by Claude Dufresne, P. Eng, and Qualified Person as defined by NationaI Instrument 43-101. Mr. Dufresne is the President and CEO of Niobay.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium Project located in Ontario and a 72.5% interest in the Crevier niobium and tantalum project located in Quebec. In addition, NioBay holds a 49% direct participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM.
Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the statements regarding the Company’s plan to complete a metallurgical program and the mineral resource estimate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected.?There can be no assurance that such statements will prove accurate.
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:
Claude Dufresne, P.Eng.
President & CEO
NioBay Metals Inc.
Tel.: 514 866-6500, Ext. 2221
Email: cdufresne@niobaymetals.com
Website: www.niobaymetals.com
NioBay-metals-logo.jpg
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
HOW THEY DOING,STRONG!:
Press release TSX-V: NBY
NIOBAY METALS PROVIDES AN UPDATE ON THE DRILL PROGRAM AND CLOSING OF A FINANCING Montreal, January 23, 2020. NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased to provide an update on the upcoming drill program at its James Bay Niobium Project (the “Project”), in addition to announce the closing of a financing.
EXPLORATION PROGRAM Following the signature of a Protection Agreement with Moose Cree First Nation (Niobay press release dated December 24th, 2019), NioBay is pleased to announce that major contracts have been awarded and that the drilling campaign (the “Program”) will began on the first week of February 2020.
The Program consists of seven drillholes (approximately 3,400 meters) and i) will test a high-grade zone laterally and at depth, ii) will provide material for metallurgical testing, and iii) will gather geotechnical information. The Program will last approximately six weeks, and assays results will be published as they become available.
An updated resource estimate of the Project’s niobium deposit will follow, and subsequently, NioBay will begin a Preliminary Economic Assessment (“PEA”).
FINANCING NioBay is pleased to announce the closing of a non-brokered private placement (the “Offering”) pursuant to which the Company has issued 328,571 units (the “Units”) at a price of $0.35 per Unit for proceeds of $115,000, each Unit being comprised of one (1) share and one half (1/2) share purchase warrant, each full warrant entitling its holder to subscribe for one (1) share at a price of $0.45 per share during a 24-month period.
The Units will be subject to resale restrictions for a period of four months and one day from the closing date of the Offering under applicable securities legislation. Following completion of the Offering, the Company has 52,254,580 common shares issued and outstanding.
The Offering was made under the prospectus exemptions of applicable securities legislation and is subject to the final consent of the TSX Venture Exchange.
APPOINTMENT OF CORPORATE SECRETARY The Company is pleased to announce the appointment of Mr. Marc Pothier as corporate secretary of the Company following the resignation of Ms. Carole Plante. Mr. Pothier received a law degree in 1988 from the University of Montréal and is a member of the Québec Bar. He has over 20 years of experience in the mining sector acting mainly as legal counsel for various publicly traded companies with mining activities in many jurisdictions. Mr. Pothier currently acts as general counsel and corporate secretary of Harfang Exploration Inc. listed on the TSX-V.
GRANTING OF STOCK OPTIONS In light of the recent personnel additions, the Board of Directors approved the grant of stock options to an officer and key consultant to purchase up to an aggregate of 100,000 common shares in the capital stock of the Company. One third of the stock options granted will vest immediately and the remaining stock options granted are subject to a two year vesting period. All grants have a five-year term at an exercise price of $0.40. The stock options have been granted pursuant to the Company’s Stock Option Plan.
2
QUALIFIED PERSON This press release was verified and approved by Claude Dufresne, P. Eng, and Qualified Person as defined by NationaI Instrument 43-101. Mr. Dufresne is the President and CEO of Niobay.
ABOUT NIOBAY METALS INC. NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the James Bay Lowlands in Ontario. Niobay also holds a 72.5% interest in the Crevier niobium and tantalum project located in Quebec and a 49% direct participation in mineral titles situated in the Chibougamau and Normetal region, Quebec, under a joint venture agreement with SOQUEM.
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 to commence the exploration program in early 2020 and to complete a PEA. 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: Claude Dufresne, P.Eng. President & CEO NioBay Metals Inc. Tel.: 514 866-6500, Ext. 2221 Email: cdufresne@niobaymetals.com Website: www.niobaymetals.com
I'M IMPRESSED HOW THE COMPANY IS HANDLING THE ENVIORMENT AND UNDERSTAND THE NEEDS OF THE LOCAL "FIRST CREE NATION TRAB" ASKING FOR THEIR FEED BACK SO BOTH PARTIES CAN SEE THE FUTURE.
GREAT:
Press release TSX-V: NBY
NIOBAY METALS ANNOUNCES COMPLETION OF $2.3 MILLION PRIVATE PLACEMENT Montreal, December 23, 2019. NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased to announce the closing of non-brokered private placement (the “Offering”) totaling $2.3 million, broken down as follows:
• 4,525,698 units (the “FT Units”) at a price of $0.385 per FT Unit for proceeds of $1,724,394. Each FT Unit being comprised of one (1) common share of NioBay, that will qualify as "flow-through shares" (“FT Shares”) (within the meaning of subsection 66 (15) of the Income Tax Act (Canada)) (a "FlowThrough Shares") and one half (1/2) common share purchase warrant, each full warrant entitling its holder to subscribe for one (1) common share of the Company (a “Share”) at a price of $0.55 per Share during a 24-month period. • 1,710,200 units (the “Units”) at a price of $0.35 per Unit for proceeds of $598,570, each Unit being comprised of one (1) Share and one half (1/2) Share purchase warrant, each full warrant entitling its holder to subscribe for one (1) Share at a price of $0.45 per Share during a 24-month period.
The proceeds of the FT Units will be used to incur Canadian exploration expenses and flow-through mining expenditures, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than December 31, 2019. The proceeds from the issuance of the FT Units are intended to be used to explore the Company’s Canadian properties, while the proceeds from the issuance of the Units will be used for working capital purposes.
The Company paid $121,500 in cash and issued 318,851 warrants (“Finders’ Warrants”) to qualified finders, in connection with the closing of the Offering. Each Finder’s Warrant will entitle the holder to purchase one common share at a price of $0.55 for a period of 24 months following closing date.
The FT Units, Units and Finder’s Warrants will be subject to resale restrictions for a period of four months and one day from the closing date of the Offering under applicable securities legislation. Following completion of the Offering, the Company has 51,926,009 common shares issued and outstanding.
Insiders of the Company subscribed for a total of 130,000 FT Units, 1,302,343 Units and their participation in the Private Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The fair market value of the consideration paid by insiders for the FT Units being less than 25% of the Company’s market capitalization, the Company intends to avail itself of the exemption from the formal valuation and the exemption from minority shareholder approval under sections 5.5 (a) and 5.7 (1) (a) of MI 61-101.
The Private Placement was made under the prospectus exemptions of applicable securities legislation and is subject to the final consent of the TSX Venture Exchange.
2
About NioBay Metals Inc. NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium Project located in Ontario and a 72.5% interest in the Crevier niobium and tantalum project located in Quebec. In addition, NioBay holds a 49% direct participation in certain mineral titles located in the Chibougamau region, Québec, under a joint venture agreement with SOQUEM.
Cautionary Statement Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected.?There can be no assurance that such statements will prove accurate.
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: Claude Dufresne, P.Eng. President & CEO NioBay Metals Inc. Tel.: 514 866-6500, Ext. 2221 Email: cdufresne@niobaymetals.com Website: www.niobaymetals.com
[color=red][/color] I TRADED THIS STOCK "MDNNF" WITH FIDILTY AND IT WAS A DIFFCULT PROCESS AN BECAUSE ITS A FOREIGN STOCK EXCHANGE, LOOK DOWN UPON, I'LL SAY ONE THINK,THIS IS A STOCK TO BE PART OF. I LIKE THE CEO, AND THE PLACE WHERE THE NIOBUIM IS, THE PEOPLE THAT LIVE THERE, JUST WATCH!
Press release TSX-V: NBY
NIOBAY METALS PROVIDES CORPORATE UPDATE Montreal, December 11, 2019. Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased to provide an update of activities related to the Company’s niobium and tantalum project (the “Crevier Project”), the James Bay Niobium Project, in addition to a corporate update.
James Bay Niobium Project The Company would like to announce that on December 16th, Moose Cree First Nation (“MCFN”) will be hosting an information session for its members on the progress made by MCFN and the Company on a Protection Agreement. The Protection Agreement is expected to be finalized before the end of the year and relates to the upcoming exploration program on the James Bay Niobium project.
Crevier Project As indicated on our June 26, 2019 press release, Les Minéraux Crevier signed an agreement with COREM research and development center in Quebec City in relation of a metallurgical program to test innovative technologies with a focus on pre-concentration technologies and new reagents developed over the last few years. The first series of tests were completed and the Company will commence a series of flotation test work. The first set of results are expected late in the first quarter of 2020.
In relation to this work, the Company is proud to announce that it received a grant of an amount of up to $144,800 from The Ministère de l’Énergie et des Ressources Naturelles du Quebec, as well as a second grant from the Ministère de l’Économie et de l’Innovation du Quebec of an amount of up to $108,600.
Appointment of a new CFO The Company would like to announce the appointment of Mr. Anthony Glavac to the position of Chief Financial Officer following the resignation of Mr. Alain Krushnisky. Mr. Glavac has over 15 years of experience in financial reporting, including over 10 years in the mining industry. He also currently holds the positions of Chief Financial Officer at Falco Resources Ltd. and Osisko Metals Incorporated and previously held various positions at Dynacor Gold Mines and Alderon Iron Ore Corp.
Qualified Person This press release was verified and approved by Claude Dufresne, P. Eng, and Qualified Person as defined by NationaI Instrument 43-101. Mr. Dufresne is the President and CEO of Niobay.
About NioBay Metals Inc. NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium Project located in Ontario and a 72.5% interest in the Crevier niobium and tantalum project located in Quebec. In addition, NioBay holds a 49% direct participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM.
Cautionary Statement Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the statements regarding the Company’s plan to complete a metallurgical program and the mineral resource estimate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected.?There can be no assurance that such statements will prove accurate.
2
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: Claude Dufresne, P.Eng. President & CEO NioBay Metals Inc. Tel.: 514 866-6500, Ext. 2221 Email: cdufresne@niobaymetals.com Website: www.niobaymetals.com
Niobay Metals Provides corporate update
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Niobay Metals (TSXV:NBY)
Intraday Stock Chart
Today : Wednesday 11 December 2019
Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased to provide an update of activities related to the Company’s niobium and tantalum project (the “Crevier Project”), the James Bay Niobium Project, in addition to a corporate update.
James Bay Niobium Project
The Company would like to announce that on December 16th, Moose Cree First Nation (“MCFN”) will be hosting an information session for its members on the progress made by MCFN and the Company on a Protection Agreement. The Protection Agreement is expected to be finalized before the end of the year and relates to the upcoming exploration program on the James Bay Niobium project.
Crevier Project
As indicated on our June 26, 2019 press release, Les Minéraux Crevier signed an agreement with COREM research and development center in Quebec City in relation of a metallurgical program to test innovative technologies with a focus on pre-concentration technologies and new reagents developed over the last few years. The first series of tests were completed and the Company will commence a series of flotation test work. The first set of results are expected late in the first quarter of 2020.
In relation to this work, the Company is proud to announce that it received a grant of an amount of up to $144,800 from The Ministère de l’Énergie et des Ressources Naturelles du Quebec, as well as a second grant from the Ministère de l’Économie et de l’Innovation du Quebec of an amount of up to $108,600.
Appointment of a new CFO
The Company would like to announce the appointment of Mr. Anthony Glavac to the position of Chief Financial Officer following the resignation of Mr. Alain Krushnisky. Mr. Glavac has over 15 years of experience in financial reporting, including over 10 years in the mining industry. He also currently holds the positions of Chief Financial Officer at Falco Resources Ltd. and Osisko Metals Incorporated and previously held various positions at Dynacor Gold Mines and Alderon Iron Ore Corp.
Qualified Person
This press release was verified and approved by Claude Dufresne, P. Eng, and Qualified Person as defined by NationaI Instrument 43-101. Mr. Dufresne is the President and CEO of Niobay.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium Project located in Ontario and a 72.5% interest in the Crevier niobium and tantalum project located in Quebec. In addition, NioBay holds a 49% direct participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM.
Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the statements regarding the Company’s plan to complete a metallurgical program and the mineral resource estimate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected.?There can be no assurance that such statements will prove accurate.
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:
Claude Dufresne, P.Eng.
President & CEO
NioBay Metals Inc.
Tel.: 514 866-6500, Ext. 2221
Email: cdufresne@niobaymetals.com
Website: www.niobaymetals.com
NIOBAY METALS INC. TECHNICAL REPORT ON THE JAMES …
niobaymetals.com/wp/wp-content/uploads/2018/11/NI_43-101_Report_Revised_FINAL_Oct_31...
October 31, 2018 RPA 55 University Ave. Suite 501 I Toronto, ON, Canada M5J 2H7 I + 1 (416) 947 0907T www.rpacan.com NIOBAY METALS INC. TECHNICAL REPORT ON THE JAMES BAY NIOBIUM PROJECT, COCHRANE DISTRICT, NORTHEASTERN ONTARIO, CANADA NI 43-101 Report
file:///C:/Users/robert%20tatge/Pictures/NI-43-101-Report-Revised-FINAL-Oct-31-2018.pdf
good read, possibilities, from MOTHER EARTH, for its people...
Quote :
0.43 0.01 (2.38%) @ 1:44PM
Niobay Metals Announces Withdrawal of Legal Challenge to the Exploration Permit
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Niobay Metals (TSXV:NBY)
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1 Month : From Oct 2019 to Nov 2019
Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V. NBY) is pleased to announce that the Moose Cree First Nation (“MCFN”) and a member of the MCFN community have sought from the Ontario Divisional Court an order dismissing the judicial review application they commenced in March 2019 against Ontario and the Company.
On March 5, 2019, the Company had reported that MCFN and a member of the community had brought an application for a judicial review seeking to, among other things, set aside the exploration permit issued to the Company on January 30, 2019 with respect to an exploration program to be conducted on the Company’s James Bay Niobium Project.
“We are pleased with the decision of the Chief and Council of the MCFN and the community member to dismiss the legal proceeding, and to begin a relationship building process with the Company. This is a very positive step of engagement with the community, and we are looking forward to working with the MCFN community and leadership,” says Claude Dufresne, President & CEO of NioBay Metals Inc.
NioBay hopes to conclude a protection agreement with the MCFN relating to the proposed exploration program before the end of the year, and commence the planned drilling program in early 2020 with the support and collaboration of MCFN.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the James Bay Lowlands in Ontario. Niobay also holds a 72.5% interest in the Crevier niobium and tantalum project located in Quebec and a 49% direct participation in certain mineral titles located in the Chibougamau and Normetal region, Quebec, under a joint venture agreement with SOQUEM.
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 to conclude a protection agreement with MCFN and to commence the exploration program in early 2020. Such statements are necessarily based upon a number of beliefs, assumptions and opinion 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:
Claude Dufresne, P.Eng.
President & CEO
NioBay Metals Inc.
Email: cdufresne@niobaymetals.com
Website: www.niobaymetals.com
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Moose Cree First Nation Press Release Regarding NioBay Metals
November 4, 2019
Moose Factory, ON – As directed by Membership Motion 2018-02-019 passed at the Membership Meeting on February 7, 2018, the Chief & Council of Moose Cree First Nation (MCFN) have had an environmental study conducted with respect to the NioBay mineral exploration project. A special community meeting will be held for the Membership on November 18, 2019 at 6:30 p.m. at Thomas Cheechoo Jr. Memorial Community Centre to share and discuss the results of this environmental study and to discuss next steps in MCFN’s engagement with the company.
Chief & Council are also pleased to advise that they have requested and received from NioBay a written commitment that it “will not proceed without the support of the Moose Cree First Nation community” to build any mine on the Moose Cree Homeland. A copy of NioBay’s letter making this commitment is attached
NioBay has also made two further commitments to Chief & Council. First, it will negotiate a “protection agreement” to protect MCFN’s rights and interests during any test drilling on the Moose Cree Homeland. Second, it will work with Chief & Council to accommodate any concerns raised by the environmental study before it does any test drilling.
“These are critical developments,” said Chief Mervin Cheechoo. “The study is going to give us important information to help us understand the potential impacts of niobium mining on our Homeland and our rights. And NioBay’s commitment to respect our decision-making processes and not proceed without our support will give the Membership the space it needs to make informed decisions. We look forward to having a good discussion with the Membership on November 18.”
Background
NioBay received a permit in January 2019 to drill eight (8) test holes in the MCFN Homeland near South Bluff Creek. They want to test for deposits of the mineral “niobium,” which is used in electronics and to strengthen steel. Their interest is still at an early exploration stage. NioBay itself will not know if a mine could be economically viable until after its testing is complete. More extensive drilling was previously done in the same area in 1968 and 1969.
MCFN, along with Hilda Jefferies and the Sailors family, initially filed for a judicial review of NioBay’s drilling permit. “This month, we withdrew that court application,” explained Chief Cheechoo. “We do not want important decisions about development on our Homeland taken out of our hands and made by a judge. We strongly believe that our community should make those decisions itself and we want to protect the community’s right to choose. Court should be a last resort, not our first option.”
The decision of both MCFN and Hilda Jefferies and the Sailors family not to go to court at the exploration stage does not mean that a mine will be built. NioBay’s permit does not allow it to do any mining or even any construction.
The only activity that may proceed is the drilling of eight specific test holes. This could occur in early 2020 after NioBay negotiates a protection agreement with MCFN.
“At this early stage, we have nothing to lose by engaging with NioBay and much to gain,” said Chief Cheechoo. “Negotiating a protection agreement now protects our right to go to court later - and with better evidence - if we still oppose the project in the future. But with commitments like the ones that NioBay has already made, we should not have to.”
“Right now, we need two things,” Chief Cheechoo continued. “First, we need the best available information to make informed decisions for both now and the future about development on our Homeland. Second, we need NioBay and the Crown to respect our right to choose, our decision-making processes, and our ultimate decisions. A court cannot give us those things, but engagement with NioBay can. We can negotiate binding agreements to protect our rights and ensure that any future development only occurs if it is in the best interests of our community and our Homeland. That way we can also guarantee that MCFN directly benefits and has a strong role to play if any mining ultimately occurs.”
For inquires please contact:
Jeff Hunter, Executive Services Coordinator, MCFN
jeff.hunter@moosecree.com
705-288-1163
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Cheryl Moore Thx for the update.
Overheard some youth talking about Niobay. One young person shared, had heard that Niobay is going to put in highway and a bridge to MF if they go ahead with the mine. I asked thoughts on that, they had concerns about the environment and one added I hope Moose Cree can stop them if we don’t want it.
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The John R. Delaney Youth Centre 10th anniversary celebration and coffee house on Friday, November 7th, 2019.
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Youth Forum on Thursday, November 7th, 2019
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The Niska 1 Ferry is officially done for the season. The crew thanks you for your patronage and looks forward to serving you next spring!
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November 1 at 4:04 PM ·
The Comprehensive Community Planning team wants your opinions on health. Answer a few quick questions and be entered into a draw to win one of four VISA gift cards! (Valued at $150, $200, and two at $250).
https://www.moosecree.com/ccpsurvey/
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Moose Cree First Nation
October 31 at 12:37 PM ·
EARLY OFFICE CLOSURE
Moose Cree First Nation offices will be closing at 3:00 pm today (October 31st) to allow our staff time to help their children prepare for tonight's trick or treating.
Happy Halloween!
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Andrea Chegahno This consideration should be given by more place. Love your thinking.
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Denise Fiddler And get our candy ready gotta get a few more from store after.
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Moose Cree First Nation
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Moose Cree First Nation Press Release Regarding NioBay Metals
November 4, 2019
Moose Factory, ON – As directed by Membership Motion 2018-02-019 passed at the Membership Meeting on February 7, 2018, the Chief & Council of Moose Cree First Nation (MCFN) have had an environmental study conducted with respect to the NioBay mineral exploration project. A special community meeting will be held for the Membership on November 18, 2019 at 6:30 p.m. at Thomas Cheechoo Jr. Memorial Comm...
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Niobay Metals Announces Withdrawal of Legal Challenge to the Exploration Permit
Montreal, October 18, 2019. Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V. NBY)
is pleased to announce that the Moose Cree First Nation (“MCFN”) and a member of the MCFN community
have sought from the Ontario Divisional Court an order dismissing the judicial review application
they commenced in March 2019 against Ontario and the Company.
On March 5, 2019, the Company had reported that MCFN and a member of the community had brought an
application for a judicial review seeking to, among other things, set aside the exploration permit
issued to the Company on January 30, 2019 with respect to an exploration program to be conducted on
the Company’s James Bay Niobium Project.
“We are pleased with the decision of the Chief and Council of the MCFN and the community member to
dismiss the legal proceeding, and to begin a relationship building process with the Company. This
is a very positive step of engagement with the community, and we are looking forward to working
with the MCFN community and leadership,” says Claude Dufresne, President & CEO of NioBay Metals
Inc.
NioBay hopes to conclude a protection agreement with the MCFN relating to the proposed
exploration program before the end of the year, and commence the planned drilling
program in early 2020 with the support and collaboration of MCFN.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium
Project located 45 km south of Moosonee, in the James Bay Lowlands in Ontario. Niobay also holds a
72.5% interest in the Crevier niobium and tantalum project located in Quebec and a 49%
direct participation in certain mineral titles located in the Chibougamau and Normetal region,
Quebec, under a joint venture agreement with SOQUEM.
THINGS STARTING TO LOOK GOOD FOR THE COMPANY!
Press release
Niobay Metals Announces Withdrawal of Legal Challenge to the Exploration Permit
Montreal, October 18, 2019. Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V. NBY)
is pleased to announce that the Moose Cree First Nation (“MCFN”) and a member of the MCFN community
have sought from the Ontario Divisional Court an order dismissing the judicial review application
they commenced in March 2019 against Ontario and the Company.
On March 5, 2019, the Company had reported that MCFN and a member of the community had brought an
application for a judicial review seeking to, among other things, set aside the exploration permit
issued to the Company on January 30, 2019 with respect to an exploration program to be conducted on
the Company’s James Bay Niobium Project.
“We are pleased with the decision of the Chief and Council of the MCFN and the community member to
dismiss the legal proceeding, and to begin a relationship building process with the Company. This
is a very positive step of engagement with the community, and we are looking forward to working
with the MCFN community and leadership,” says Claude Dufresne, President & CEO of NioBay Metals
Inc.
NioBay hopes to conclude a protection agreement with the MCFN relating to the proposed
exploration program before the end of the year, and commence the planned drilling
program in early 2020 with the support and collaboration of MCFN.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium
Project located 45 km south of Moosonee, in the James Bay Lowlands in Ontario. Niobay also holds a
72.5% interest in the Crevier niobium and tantalum project located in Quebec and a 49%
direct participation in certain mineral titles located in the Chibougamau and Normetal region,
Quebec, under a joint venture agreement with SOQUEM.
bought 1000 shares, I believe something going to happen soon?
NioBay Metals Announces the Receipt of Its Exploration ...
Jan 30, 2019 · MONTREAL, Jan. 30, 2019 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) is pleased to announce that the Ministry of Energy, Northern Development and Mines (‘’MENDM’’) of Ontario has issued the exploration permit for an upcoming exploration program at its James Bay Niobium Project.The MENDM has lifted the temporary hold that had been put in place …Development and Mines (‘’MENDM’’) of Ontario has issued the exploration permit for an upcoming exploration program at its James Bay Niobium Project. The MENDM has lifted the temporary hold that had been put in place on NioBay’s exploration application filed in October 2016. The exploration permit is subject to certain terms and conditions in order to mitigate any potential adverse impact on the environment.
The main objective of the drilling program is to test the continuity of the high-grade zones of the deposit both laterally and at depth. The recovered core will also allow the Company to continue the metallurgy testing on the ore of the Project. A total of 3,000 meters over 8 holes are planned for this program. See attached map: James Bay Niobium Project 2019 ddh Proposal.
The Company plans to host an information session with the Moose Cree First Nation leadership before commencing the drilling program. The specific timing of the program will be determined later but we are planning for a summer program.
Further, the Company is also pleased to announce the opening of an Information Center in Moosonee. The purpose of the Center is to provide information to the local community on the James Bay Project in general and the proposed drilling program.
James Bay Niobium Resources
MAP OF DRILLING"
niobaymetals.com/wp/wp-content/uploads/2019/01/Argor_Surface_Plan.jpg
MONTREAL, Jan. 30, 2019 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (NBY.V) is pleased to announce that the Ministry of Energy, Northern Development and Mines (‘’MENDM’’) of Ontario has issued the exploration permit for an upcoming exploration program at its James Bay Niobium Project. The MENDM has lifted the temporary hold that had been put in place on NioBay’s exploration application filed in October 2016. The exploration permit is subject to certain terms and conditions in order to mitigate any potential adverse impact on the environment.
The main objective of the drilling program is to test the continuity of the high-grade zones of the deposit both laterally and at depth. The recovered core will also allow the Company to continue the metallurgy testing on the ore of the Project. A total of 3,000 meters over 8 holes are planned for this program. See attached map: James Bay Niobium Project 2019 ddh Proposal.
The Company plans to host an information session with the Moose Cree First Nation leadership before commencing the drilling program. The specific timing of the program will be determined later but we are planning for a summer program.
Further, the Company is also pleased to announce the opening of an Information Center in Moosonee. The purpose of the Center is to provide information to the local community on the James Bay Project in general and the proposed drilling program.
James Bay Niobium Resources
BEEN SEACHING FOR NEWS:
[color=red][/niobaymetals.com/wp/wp-content/uploads/2019/02/NBY-Corporate-Feb2019_EN_HEAVYv2.pdfb][/color]
Upcoming Works
The Company received its exploration permit in January 2019 from Ontario’s Ministry of Energy Northern Development and Mines. The program consists of 8 holes of an average of 375-meters each. The objective is the program is to test the high-grade extension laterally and at depth. The program will also provide fresh rock for further laboratory metallurgical tests, and also to provide geotechnical information.
Following the small drill program, the company will have enough information to work on a Preliminary Economic Assessment (PEA).
FAITH, HOPE, HAVE BROUGHT NO UNDERSTAND OR REFLEXTION: NIOBUIM SEEM TO BE A FAMILY AFFAIR: (CHOICES)
Group Property, Quebec
VANCOUVER, BC / ACCESSWIRE / March 25, 2019 / Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the "Company" or "Saville") is pleased to announce a maiden drill program on the Niobium Claim Group Property (the "Property"), expected to commence this week. The Property is situated within the central Labrador Trough, approximately 130 km south of Kuujjuaq, Quebec, and covers several prospective and advanced-stage niobium-tantalum targets. The drill program (Phase I) will include at least four (4) drill holes for a minimum of 700 m. The focus will be the Mallard Target (formally termed the "Southeast Target") located in the Southeast Area of the Property.
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update
niobaymetals.com/wp/wp-content/uploads/2017/05/Niobay_Moosonee_Open-House_May-2017_EN_Final_Web.pdf[color=red][/color]
PROBABILITIES, JUNE 2018:
Niobay’s primary focus is the development of Green Critical Metals. Niobium, one of these critical metals, is known for its applications in the steel industry such as strengthening high-strength-low-alloy steels, weldability, flexibility, and toughness. Moreover, the development of its other characteristics such as its conductivity and capacity to refine aluminium grain is increasing its possible applications in electric vehicles and vehicle parts, thus leading to the reduction of carbon emissions.
Niobay Metals also has interest in the exploration property of Base Metals & Gold. The company has an option to acquire a majority ownership and is partnered with Midland Exploration for the exploration of Gold in the region of La Peltrie, Quebec. It also has a joint venture with SOQUEM for the Clairy, Lac Shortt/Lesperance, Le Tac, and Lac des Meloizes properties which are located throughout the province of Quebec.
Niobay Metals going forward
Efforts over the next years will turn to the development of the James Bay Niobium project. It is a world-class project and could allow Niobay to be among the four Niobium producers in the world. The development of the project should contribute to the creation of value for the shareholders.
Claude Dufresne, P. Eng.
President and CEO
[color=red]First Nation and British Columbia to share gold mine tax revenue
[/color]Valentina Ruiz Leotaud | 4 days ago |
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Brucejack mine in July 2017. Image: Pretivm Resources
The government of the Canadian province of British Columbia and the Nisga’a Nation signed an agreement today that ensures that the latter receives a share of the mineral tax revenue collected from the Brucejack Gold Mine.
The project, owned and operated by Pretium Resources (NYSE:PVG), is an underground mine that has been operational since April 2017. It is located 65 kilometres north of the town of Stewart on a land package of more than 122,000 hectares. Back in March, the mine reached record production of 32,910 ounces, while overall output for the first quarter of 2018 was 75,689 ounces.
Based on these results, the B.C. government believes that the revenue-sharing agreement has the potential to generate more than $8 million annually for the Nisga’a Nation.
The Indigenous group has also in place a cooperation and benefits agreement with Pretium. The deal, which dates back to 2015, sets the rules for collaboration in issues regarding permitting processes. It also states that the Nisga’a Nation should receive financial and other benefits as project milestones are reached.
Within the terms of that initial agreement, the Vancouver-based miner also committed to providing education and training for Nisga’a citizens, setting employment targets and ensuring Nisga’a businesses have access to contracting opportunities.
“Bringing prosperity and self-reliance to the Nisga’a Nation is the first priority of Nisga’a Lisims Government,” said Eva Clayton, President of Nisga’a Lisims Government, in a media statement. “We have developed a strong working relationship with Pretium Resources Inc., and look forward to our continued collaboration on the Brucejack Gold Mine. On this historic day, the 18th anniversary of the effective date of the Nisga’a Final Agreement, we are pleased to once again affirm the Nisga’a Nation’s government-to-government relationship with British Columbia,” she added.
In the same press release, Scott Fraser, B.C. Minister of Indigenous Relations and Reconciliation, said that the agreement is a proof of his office’s commitment to a new government-to-government relationship with First Nations that, in his view, should be based on the recognition of rights, including the right to share the wealth from natural resource projects in the province.
[b]SOMETHING I MISS OF THE UTMOST IMPORTANCE!
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niobaymetals.com/wp/wp-content/uploads/2017/08/Niobay_MCFN_Flyer_CD_FINAL-WEB.pdf
READ THIS MAY , 2018:[color=red][/color]
niobaymetals.com/wp/wp-content/uploads/2016/09/Niobay_Moosonee_Open-House_May-2017_EN_Final_Web-1.pdf
latest search:insert-text-here
Niobay Metals announces Closing of Private Placement with Osisko Gold Royal
March 28, 2018 14:24 ET | Source: NioBay Metals Inc.
MONTREAL, March 28, 2018 (GLOBE NEWSWIRE) -- Niobay Metals Inc. (“Niobay” or the “Company”) (TSX-V:NBY) is pleased to report that it has closed its previously announced non-brokered private placement with Osisko Gold Royalties Ltd (“Osisko”) (TSX:OR) (NYSE:OR) raising $2,340,000 (the “Financing”).
Osisko purchased 9.0 million common shares of the Company (the “Shares”) at a price of $0.26 per share and now owns approximately 19.7% of Niobay’s issued and outstanding Shares. So long as Osisko holds not less than 10% of the then issued and outstanding Shares of Niobay, Osisko will have the right to (i) nominate one director to Niobay’s board of directors and (ii) participate in all future equity financings to maintain its relative equity ownership in Niobay.
In addition, Osisko has been granted an option to purchase a 1.0% royalty on all metals to be produced at the James Bay niobium project. The option is exercisable by paying $2,000,000 to Niobay at any time within 90 days following the delivery by Niobay to Osisko of a bankable feasibility study on the project.
The proceeds of the Financing will be used primarily to fund development costs of Niobay’s niobium project and for general corporate purposes. The Shares issued to Osisko are subject to a hold period expiring on July 28, 2018. The Financing was made under the prospectus exemptions under applicable securities legislation and is subject to the final acceptance of the TSX Venture Exchange. Following completion of the Financing, Niobay has 45,690,111 Shares issued and outstanding.
About Niobay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium property in Ontario, Canada. In addition, NioBay holds an option to acquire an interest of up to 65% in the La Peltrie gold project in northern Quebec, a 49% direct participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM, and a 72.5% interest in the Crevier niobium and tantalum project, located in Quebec.
Cautionary Statement
This news release contains certain “forward-looking information” under Canadian securities laws. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the intended use of proceeds. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including the risk of not being able to obtain the permits required to develop the James Bay project. There can be no assurance that outcomes anticipated in the forward-looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, contact:
Claude Dufresne, P.Eng.
President & CEO
Niobay Metals Inc.
Tel.: 514 866-6500, Ext. 2221
Email: cdufresne@niobaymetals.com
Website: www.niobaymetals.com
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is mdnnf the same company as niobay metals inc?
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BRIEF-Niobay Metals Announces Private Placement With Osisko Gold Royalties
BY Reuters
— 12:32 PM ET 03/27/2018
March 27 (Reuters) - Niobay Metals Inc ( MDNNF
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):
* NIOBAY METALS ANNOUNCES PRIVATE PLACEMENT WITH OSISKO GOLD ROYALTIES
* NIOBAY METALS ( MDNNF ) - PROCEEDS OF FINANCING TO BE USED TO FUND DEVELOPMENT COSTS OF CO'S NIOBIUM PROJECT
* NIOBAY METALS ( MDNNF ) - OSISKO GOLD ROYALTIES HAS AGREED TO PURCHASE, BY WAY OF A PRIVATE PLACEMENT, 9.0 MILLION COMMON SHARES OF CO AT A PRICE OF $0.26 PER SHARE ? Source text for Eikon: Further company coverage:
Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
latest up-date
Niobay Metals announces Private Placement with Osisko Gold Royalties
M[url]ontreal, Ma
rc[/url][tag]insert-text-here[/tag]h 27, 2018 – Niobay Metals Inc. (“Niobay” or the “Company”) (TSX-V: NBY) is pleased to announce that Osisko Gold Royalties Ltd (“Osisko”) (TSX:OR)(NYSE:OR) a has agreed to purchase, by way of a private placement, 9.0 million common shares of the Company (the “Shares”) at a price of $0.26 per share for proceeds of $2,340,000 (the “Financing”).
The Financing is expected to close on or about March 28, 2018, following which Osisko will own approximately 19.7% of Niobay’s issued and outstanding Shares on a non-diluted basis.
Pursuant to the subscription agreement entered into between Niobay and Osisko in connection with the Financing, so long as Osisko holds not less than 10% of the then issued and outstanding Shares of Niobay, Osisko will have the right to (i) nominate one director to Niobay’s board of directors and (ii) participate in all future equity financings to maintain its relative equity ownership in Niobay.
Upon closing of the Financing, Osisko will be granted an option to purchase a 1.0% royalty on all metals to be produced at the James Bay niobium project. The option will be exercisable by paying $2,000,000 to Niobay at any time within 90 days following the delivery by Niobay to Osisko of a bankable feasibility study on the project.
Claude Dufresne, President and CEO of Niobay, said “We are pleased to welcome Osisko as strategic investor. We view this investment as a vote of confidence in our company, our team and our James Bay Niobium asset, and we look forward to working together to develop our project and to build shareholder value.’’
The proceeds of the Financing will be used primarily to fund the development costs of Niobay’s niobium project and for general corporate purposes.
The Financing is subject to the final acceptance of the TSX Venture Exchange and certain other customary conditions. The Shares to be issued to Osisko will be subject to a hold period expiring four months and one day after the closing date.
About Niobay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium property in Ontario, Canada. In addition, NioBay holds an option to acquire an interest of up to 65% in the La Peltrie gold project in northern Quebec, a 49% direct participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM, and a 72.5% interest in the Crevier niobium and tantalum project, located in Quebec.
Cautionary Statement
This news release contains certain “forward-looking information” under Canadian securities laws. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the Company’s plans to complete the Financing on the terms announced and the intended use of proceeds. Forward looking information is based upon
assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including the risk that the conditions to the Financing will not be satisfied. There can be no assurance that outcomes anticipated in the forward-looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.
The Shares to be issued under the Financing have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, contact:
Claude Dufresne, P.Eng. President & CEO Niobay Metals Inc. Tel.: 514 866-6500, Ext. 221 Email: cdufresne@niobaymetals.com Website: www.niobaymetals.com
NIOBAY REPORTS INITIAL RESOURCE ESTIMATE FOR ITS JAMES BAY NIOBIUM PROJECT
Montreal, November 16, 2017 – Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased to report an initial Mineral Resource estimate for its 100% owned James Bay Niobium Project located approximately 40 kilometers south of Moosonee, Northern Ontario, prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The 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 November 8, 2017 and the supporting NI 43-101 technical report will be filed on SEDAR by December 31, 2017.
Highlights of the NI 43-101 Mineral Resource Estimate
Classification
Tonnes
Grade
Contained Nb2O5
(Mt)
(%Nb2O5)
(Mkg)
Indicated
23.1
0.53
123
Inferred
23.0
0.51
118
Notes:
CIM (2014) Definitions Standards were followed for Mineral Resources.
Mineral Resources are reported at a cut-off grade of 0.3% Nb2O5 based on an underground mining operating cost of C$70/tonne and a metallurgical recovery of 70%.
Mineral Resources are estimated using a long-term niobium price of US$40 per kg and a US$/C$ exchange rate of 1:1.2.
A tonnage factor of 12.2 ft³/ton (2.93 g/cm³) was used.
A minimum mining width of approximately 25 ft (7.6m) was used to build the resource wireframes.
Resources situated in a 150 ft (45.7m) thick crown pillar have been excluded
The RPA Qualified Persons for the estimate are Dorota El Rassi, P.Eng. and Paul Chamois, P.Geo.
RPA has excluded approximately 6.4 million tonnes averaging 0.52% Nb2O5 situated in the crown pillar.
The Mineral Resources estimate is supported by the results from the recent re-logging and re-sampling of 12 representative historical diamond drill holes, by preliminary metallurgical testing performed by SGS Lakefield on a composite sample and by all of the historical data Niobay recovered from the previous operator: drill logs, assay certificates, surveyed collar coordinates, interpreted geological surface and level plans, interpreted vertical sections, location of the exploration shaft and 1st level, and metallurgical tests.
The data used to estimate the Mineral Resource include 79 diamond drill holes totaling 13,230 m located within the resource model area. The data include 2,517 assays, of which 56 have a value of zero for Nb2O5. The estimate was prepared using a block model constrained with 3-D wireframes of the mineralized zone. The niobium oxide grades were interpolated using ordinary kriging and three passes.
The sensitivity of Indicated and Inferred Mineral Resources to variations in cut-off grade is represented in the table below.
Indicated
Inferred
Cut-off
Tonnes
Grade
ContainedNb2O5
Cut-off
Tonnes
Grade
ContainedNb2O5
(%Nb2O5)
(Mt)
(%Nb2O5)
(Mkg)
(%Nb2O5)
(Mt)
(%Nb2O5)
(Mkg)
0.0
24.0
0.52
125
0.0
23.9
0.50
120
0.1
24.0
0.52
125
0.1
23.9
0.50
120
0.2
24.0
0.52
125
0.2
23.8
0.50
120
0.3
23.1
0.53
123
0.3
23.0
0.51
118
0.4
19.1
0.57
109
0.4
19.0
0.54
104
0.5
12.2
0.64
78
0.5
11.3
0.61
69
0.6
6.2
0.72
45
0.6
4.9
0.68
34
Claude Dufresne, president and chief executive officer, comments: ” We are pleased to report that the mineral resource estimate prepared by RPA is in-line with the historical resource estimate performed on the deposit in 1967 by the previous owner.’’
In concluding remarks regarding the project, RPA stated:
“Historical diamond drilling has outlined mineralization with three-dimensional continuity, and size and grades that can potentially be extracted economically.”
“… there is excellent exploration potential to increase the Mineral Resource at depth with more diamond drilling. ..”
” … additional exploration and technical studies are warranted.”
RPA recommends a next phase program including 4,000 m focussed on upgrading portions of the Inferred Resources to Indicated Resources and extending the Mineral Resources at depth, as well as environmental, engineering and metallurgical studies required to support a Preliminary Economic Assessment.
Jacquelin Gauthier, P.Geo., P.Eng., consultant to the Company, acted as the Qualified Person as defined in National Instrument 43-101. He reviewed and approved the technical and scientific content of this press release. RPA’s Qualified Persons for the mineral resource estimate are Dorota El Rassi, P.Eng. and Paul Chamois, P.Geo. They have reviewed and approved the above technical and scientific content of this press release related to the mineral resource estimate.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium property in Ontario, Canada. In addition NioBay holds an option to acquire an interest of up to 65% in the La Peltrie gold project in northern Quebec, a 46.9% direct participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM, and a 72.5% interest in the Crevier niobium and tantalum project, located in Quebec.
Cautionary Statement
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the statements regarding the resource estimate, potential extension of the mineralization, exploration results, and completion of work program, assessments and studies. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. There can be no assurance that such statements will prove accurate.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of Mineral Resources will be converted to Mineral Reserves. Inferred Mineral Resources are based on limited drilling which suggests the greatest uncertainty for a resource estimate and that geological continuity is only implied. Additional drilling will be required to verify geological and mineralization continuity and there is no certainty that all of the Inferred Resources will be converted to Measured and Indicated Resources. There is no certainty that Niobay will obtain the necessary permits and have the required funds to conduct required drilling program and studies. An application for an exploration permit on the James Bay Niobium Project was filed with the Ministry of Northern Development and Mines of Ontario (“MNDM”) in October 2016 and has been placed on temporary hold. The Company continues to reach out to all concerned stakeholders in the area of the James Bay Niobium Project while the MNDM is pursuing efforts to engage with the Moose Cree First Nation to address any concerns they may have about the proposed drilling campaign.
Many other factors that could cause actual results to differ materially from Niobay’s expectations are disclosed in the Company’s documents filed from time to time with the securities regulators and available at www.sedar.com. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, contact:
Claude Dufresne, P.Eng.
President & CEO
NioBay Metals Inc.
Tel.: 514 866-6500, Ext. 2221
Email: cdufresne@niobaymetals.com
Website: www.niobaymetals.com
First Nation, mining company announce partnership
By: Alexandra Paul
Posted: 02/20/2018 9:24 PM | Comments: 0
A remote Manitoba First Nation has made history by partnering up with a mining company to explore diamond claims staked in the Oxford Lake area.
There’s only an outside chance the deal between Altius Resources Inc. and Manitoba’s Bunibonibee Cree Nation will lead to a new mining source for diamonds, but its chief and the lawyers who mediated the agreement with Altius say the deal breaks ground even if there’s never enough diamonds to open up a mine.
"It is very historic. It is, we believe, the first of its kind in Manitoba. It sets out the conditions for acquiring the First Nation’s consent. Which means the company has acquired it, but has done so on a whole series of protection and compensatory measures that are sufficient for the First Nation," said Kate Kempton, counsel for the First Nation at the Toronto-based law firm Olthuis, Kleer and Townshend.
"That’s the way business should be done," Kempton said.
Altius posted a press statement under the First Nation’s letterhead applauding the exploration agreement Friday on its industry website, adding it was "pleased to announce the landmark exploration agreement."
The statement focused on Bunibonibee Cree Nation and how pleased the First Nation was to promote a "co-operative and mutually respectful relationship related to mineral exploration in Bunibonibee’s traditional territory."
The statement went on to say the exploration was related to Altius’s Lynx project, the first diamond discovery in Manitoba, announced last year in conjunction with the Manitoba Geological Survey.
"We are supportive of mineral exploration in our territory if a company comes to us in a respectful way to seek our consent and if the exploration is done in a responsible way," Chief Tim Muskego said in the statement.
"This is good news for Bunibonibee Cree Nation and it is good news for other First Nations in Manitoba who will now be able to follow our lead," Muskego said.
The statement did not offer a timeline for the exploration and seeing a mine open up is a one-in-10,000 longshot.
Corey Shefman, a Winnipeg associate of the Toronto firm that represents Bunibonibee, said agreements such as this are in keeping with the intent of the United Nations Declaration on the Rights of Indigenous Peoples.
They’re also becoming the gold standard between resource-based industries and Canadian First Nations.
First Nation co-operation is in addition to industry requirements to abide by provincial laws involving claims and requisite permits. The difference now is staking claims also triggers a province’s duty to consult with First Nations when claims are made within traditional First Nations’ territories.
"So it’s very positive when companies like Altius sit down in good faith with First Nations to get the First Nation’s consent to operate on their land. It’s something that’s happening more and more often in other provinces," Shefman said Monday.
Ontario and British Columbia are the two provinces most familiar with the agreements.
Typically the contents of the deals are confidential, but they most often contain provisions that set out how the mining company will conduct its exploration and when there are impacts — environmental or related to land uses such as hunting, fishing or harvesting — there is some kind of financial compensation.
Kempton, who has experience with similar agreements in other provinces, said the exploratory drill holes are small — just a few inches in diameter — but getting to the sites is the hard part, especially in winter. The work can impact archeological sites and disturb wildlife, sometimes permanently.
"They either have to drive through the bush, sometimes creating access roads. Or they have to fly in by helicopter," Kempton said.
"They usually create a flat drill pad where the equipment is set up. So there’s clearing of the land. It’s not just a minor drill that goes in. There’s a lot more that happens with exploration. There are often camps set up for the drill crew. Tents, living quarters and all the stuff you need to house people out in the bush in the winter," Kempton said.
Archeological studies are typically part of these agreements along with land use studies that involve First Nations and their members.
Bunibonibee is the traditional name for the area. Interestingly, it is a Cree word that is believed to refer to three sunken volcanic craters beneath the waters of Oxford Lake. They are part of the seam of Manitoba’s mineral-rich greenstone foundation.
alexandra.paul@freepress.mb.ca
Read more by Alexandra Paul .
First Nations can prosper through resource development
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Professor emeritus of political science at the University of Calgary and a senior fellow of the Fraser Institute. He is the author of newly released report
The Community Capitalism of the Fort McKay First Nation
Located in northern Alberta in the heart of the oil sands, the Fort McKay First Nation is an outstanding example of community capitalism in action. Its business portfolio generates gross revenue of about $500-million a year and creates about 2,000 jobs. Only about 5 per cent of its annual net income is derived from government transfers; the other 95 per cent is ownsource revenue from business activities.
And the wealth is shared. Fort McKay’s Community Well-Being Index, based on income, employment, housing quality and education, has steadily risen until it is almost as high as the average for all Canadian communities. The average after-tax income for Fort McKay residents was $73,571 in 2015 – significantly higher than for Alberta ($50,683) and Canada ($38,977). This is an outstanding achievement for a First Nation whose people just a generation ago were hunters and trappers in a remote wilderness area.
All this has been done without producing a drop of oil or earning a dollar in royalties. Fort McKay has prospered by selling services to oil sands corporations, starting with janitorial care, then expanding into trucking, earth moving, well-site maintenance and work-force lodging. In short, they seized the opportunities presented by one of the biggest industrial developments on the planet.
Initially, the people of Fort McKay were skeptical about development. In 1983, they erected a blockade to stop the heavy trucks rumbling through their village. But around that time they also realized that their old way of life based on hunting and trapping was passing away. Faced with the stark choice of pursuing new opportunities or becoming dependent on the Canadian welfare state, they opted for the path of self-supporting independence.
Fort McKay’s story is of national importance because participation in resource development is the most promising road out of poverty for hundreds of First Nations located in remote areas. Urban First Nations can thrive by building casinos, hotels, shopping centres and residential developments. But for many remote First Nations, oil and gas, minerals, forestry and fisheries are the best hope for prosperity.
Unfortunately, Canadian governments at all levels are now frustrating such opportunities. The federal government has prohibited drilling for oil in the Arctic and shipping oil off the northern coast of British Columbia. The government of British Columbia as well as local municipalities are trying to block the Trans Mountain pipeline. British Columbia has also managed to impede the export of liquefied natural gas, even as Americans have enthusiastically entered the field; the government of Ontario has not managed to advance the “Ring of Fire” mining development in the province’s north.
Each of these obstructed developments would benefit dozens of First Nations; together they could make a vital difference for hundreds. The federal government is increasing spending for Indigenous Affairs, but that is small change compared with what the private sector would bring to Indigenous people if given the chance. As Jim Boucher, chief of the Fort McKay First Nation, has said: “The government has only a couple of hundred billion dollars in their spending budget and that’s small compared to the Canadian economy, which generates trillions of dollars.”
Opportunity is fleeting. If you don’t grasp it, it slips away. Other countries will supply the world’s need for natural resources if Canada does not. And once again First Nations will be the losers.
Let’s give the last word to Niccolo Machiavelli, who was a gifted poet as well as a great political analyst: “Few know me, Opportunity am I / The reason that I never can be still / Is because on a wheel my foot does lie.”
The image of opportunity balancing on fortune’s wheel is as valid now as it was in Machiavelli’s time. Embrace Opportunity or she slips away.
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UP-DATE ....[color=red][/color]
http://niobaymetals.com/wp/wp-content/uploads/2017/05/Niobay_Moosonee_Open-House_May-2017_EN_Final_Web.pdf
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Niobay Metals Inc.
Yesterday at 11:29am ·
We understand there will be a Special Membership Meeting among MCFN members on Thursday, January 18th, 2018 @ 18h30 at the Thomas Cheechoo Jr. Community to discuss the NioBay project. If you are searching for information on the project from us, you must attend the meeting and let the leadership know we will be pleased to host an Information Session at their request. Have a great meetin
JAN 2018
November 16, 2017 14:59 ET
NioBay Reports Initial Resource Estimate for Its James Bay Niobium Project
MONTREAL, QUEBEC--(Marketwired - Nov. 16, 2017) - Niobay Metals Inc. ("NioBay" or the "Company") (TSX VENTURE:NBY) is pleased to report an initial Mineral Resource estimate for its 100% owned James Bay Niobium Project located approximately 40 kilometers south of Moosonee, Northern Ontario, prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The 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 November 8, 2017 and the supporting NI 43-101 technical report will be filed on SEDAR by December 31, 2017.
Highlights of the NI 43-101 Mineral Resource Estimate
Classification
Tonnes
(Mt)
Grade
(%Nb2O5)
Contained Nb2O5
(Mkg)
Indicated
23.1
0.53
123
Inferred
23.0
0.51
118
Notes:
CIM (2014) Definitions Standards were followed for Mineral Resources.
Mineral Resources are reported at a cut-off grade of 0.3% Nb2O5 based on an underground mining operating cost of C$70/tonne and a metallurgical recovery of 70%.
Mineral Resources are estimated using a long-term niobium price of US$40 per kg and a US$/C$ exchange rate of 1:1.2.
A tonnage factor of 12.2 ft3/ton (2.93 g/cm3) was used.
A minimum mining width of approximately 25 ft (7.6m) was used to build the resource wireframes.
Resources situated in a 150 ft (45.7m) thick crown pillar have been excluded
The RPA Qualified Persons for the estimate are Dorota El Rassi, P.Eng. and Paul Chamois, P.Geo.
RPA has excluded approximately 6.4 million tonnes averaging 0.52% Nb2O5 situated in the crown pillar.
The Mineral Resources estimate is supported by the results from the recent re-logging and re-sampling of 12 representative historical diamond drill holes, by preliminary metallurgical testing performed by SGS Lakefield on a composite sample and by all of the historical data Niobay recovered from the previous operator: drill logs, assay certificates, surveyed collar coordinates, interpreted geological surface and level plans, interpreted vertical sections, location of the exploration shaft and 1st level, and metallurgical tests.
The data used to estimate the Mineral Resource include 79 diamond drill holes totaling 13,230 m located within the resource model area. The data include 2,517 assays, of which 56 have a value of zero for Nb2O5. The estimate was prepared using a block model constrained with 3-D wireframes of the mineralized zone. The niobium oxide grades were interpolated using ordinary kriging and three passes.
The sensitivity of Indicated and Inferred Mineral Resources to variations in cut-off grade is represented in the table below.
Indicated
Inferred
Cut-off
(%Nb2O5)
Tonnes
(Mt)
Grade
(%Nb2O5)
Contained
Nb2O5
(Mkg)
Cut-off
(%Nb2O5)
Tonnes
(Mt)
Grade
(%Nb2O5)
Contained
Nb2O5
(Mkg)
0.0
24.0
0.52
125
0.0
23.9
0.50
120
0.1
24.0
0.52
125
0.1
23.9
0.50
120
0.2
24.0
0.52
125
0.2
23.8
0.50
120
0.3
23.1
0.53
123
0.3
23.0
0.51
118
0.4
19.1
0.57
109
0.4
19.0
0.54
104
0.512.2 0.64 78 0.5 11.3 6.2 0.72
450.6 4.9 0.68 34
Claude Dufresne, president and chief executive officer, comments: " We are pleased to report that the mineral resource estimate prepared by RPA is in-line with the historical resource estimate performed on the deposit in 1967 by the previous owner."
In concluding remarks regarding the project, RPA stated:
"Historical diamond drilling has outlined mineralization with three-dimensional continuity, and size and grades that can potentially be extracted economically."
"... there is excellent exploration potential to increase the Mineral Resource at depth with more diamond drilling. .."
" ... additional exploration and technical studies are warranted."
RPA recommends a next phase program including 4,000 m focussed on upgrading portions of the Inferred Resources to Indicated Resources and extending the Mineral Resources at depth, as well as environmental, engineering and metallurgical studies required to support a Preliminary Economic Assessment.
Jacquelin Gauthier, P.Geo., P.Eng., consultant to the Company, acted as the Qualified Person as defined in National Instrument 43-101. He reviewed and approved the technical and scientific content of this press release. RPA's Qualified Persons for the mineral resource estimate are Dorota El Rassi, P.Eng. and Paul Chamois, P.Geo. They have reviewed and approved the above technical and scientific content of this press release related to the mineral resource estimate.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium property in Ontario, Canada. In addition NioBay holds an option to acquire an interest of up to 65% in the La Peltrie gold project in northern Quebec, a 46.9% direct participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM, and a 72.5% interest in the Crevier niobium and tantalum project, located in Quebec.
Cautionary Statement
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the statements regarding the resource estimate, potential extension of the mineralization, exploration results, and completion of work program, assessments and studies. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. There can be no assurance that such statements will prove accurate.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of Mineral Resources will be converted to Mineral Reserves. Inferred Mineral Resources are based on limited drilling which suggests the greatest uncertainty for a resource estimate and that geological continuity is only implied. Additional drilling will be required to verify geological and mineralization continuity and there is no certainty that all of the Inferred Resources will be converted to Measured and Indicated Resources. There is no certainty that Niobay will obtain the necessary permits and have the required funds to conduct required drilling program and studies. An application for an exploration permit on the James Bay Niobium Project was filed with the Ministry of Northern Development and Mines of Ontario ("MNDM") in October 2016 and has been placed on temporary hold. The Company continues to reach out to all concerned stakeholders in the area of the James Bay Niobium Project while the MNDM is pursuing efforts to engage with the Moose Cree First Nation to address any concerns they may have about the proposed drilling campaign.
Many other factors that could cause actual results to differ materially from Niobay's expectations are disclosed in the Company's documents filed from time to time with the securities regulators and available at www.sedar.com. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Follow us on Twitter: https://mobile.twitter.com/NiobayMetals
LinkedIn: https://www.linkedin.com/company/niobay-metals-inc.?trk=biz-companies-cym
Facebook : https://www.facebook.com/niobaymetals/
Contact Information
Claude Dufresne, P.Eng.
President & CEO
NioBay Metals Inc.
514 866-6500, Ext. 2221
cdufresne@niobaymetals.com
www.niobaymetals.com
Dec-2017 update[color=red][/color]
BRIEF-Niobay provides update on exploration permit application at James Bay Niobium project
Stock MarketsJun 12, 2017 11:50
© Reuters. BRIEF-Niobay provides update on exploration permit application at James Bay Niobium project
June 12 (Reuters) - Niobay Metals Inc NBY.V :
* Niobay metals provides an update on the exploration permit application at the James Bay Niobium project
* Informed by ministry, application for an exploration permit on James Bay Niobium project will remain on temporary hold for now
* To continue holding discussions with local community members, government officials, to maintain efforts to engage with MCFN leadership
* Despite a number of requests, leadership of Moose Cree First Nation has to this day refused to open a dialogue with company Source text for Eikon: Further company coverage: NBY.V
(Bengaluru Newsroom: +91 806 749 1136)
WHAT IS UP SOO FAR!
MONTREAL, QUEBEC--(Marketwired - Nov. 16, 2017) - Niobay Metals Inc. ("NioBay" or the "Company") (TSX VENTURE:NBY) is pleased to report an initial Mineral Resource estimate for its 100% owned James Bay Niobium Project located approximately 40 kilometers south of Moosonee, Northern Ontario, prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The 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 November 8, 2017 and the supporting NI 43-101 technical report will be filed on SEDAR by December 31, 2017.
Highlights of the NI 43-101 Mineral Resource Estimate
Classification
Tonnes
(Mt)
Grade
(%Nb2O5)
Contained Nb2O5
(Mkg)
Indicated
23.1
0.53
123
Inferred
23.0
0.51
118
Notes:
CIM (2014) Definitions Standards were followed for Mineral Resources.
Mineral Resources are reported at a cut-off grade of 0.3% Nb2O5 based on an underground mining operating cost of C$70/tonne and a metallurgical recovery of 70%.
Mineral Resources are estimated using a long-term niobium price of US$40 per kg and a US$/C$ exchange rate of 1:1.2.
A tonnage factor of 12.2 ft3/ton (2.93 g/cm3) was used.
A minimum mining width of approximately 25 ft (7.6m) was used to build the resource wireframes.
Resources situated in a 150 ft (45.7m) thick crown pillar have been excluded
The RPA Qualified Persons for the estimate are Dorota El Rassi, P.Eng. and Paul Chamois, P.Geo.
RPA has excluded approximately 6.4 million tonnes averaging 0.52% Nb2O5 situated in the crown pillar.
The Mineral Resources estimate is supported by the results from the recent re-logging and re-sampling of 12 representative historical diamond drill holes, by preliminary metallurgical testing performed by SGS Lakefield on a composite sample and by all of the historical data Niobay recovered from the previous operator: drill logs, assay certificates, surveyed collar coordinates, interpreted geological surface and level plans, interpreted vertical sections, location of the exploration shaft and 1st level, and metallurgical tests.
The data used to estimate the Mineral Resource include 79 diamond drill holes totaling 13,230 m located within the resource model area. The data include 2,517 assays, of which 56 have a value of zero for Nb2O5. The estimate was prepared using a block model constrained with 3-D wireframes of the mineralized zone. The niobium oxide grades were interpolated using ordinary kriging and three passes.
The sensitivity of Indicated and Inferred Mineral Resources to variations in cut-off grade is represented in the table below.
Indicated
Inferred
Cut-off
(%Nb2O5)
Tonnes
(Mt)
Grade
(%Nb2O5)
Contained
Nb2O5
(Mkg)
Cut-off
(%Nb2O5)
Tonnes
(Mt)
Grade
(%Nb2O5)
Contained
Nb2O5
(Mkg)
0.0
24.0
0.52
125
0.0
23.9
0.50
120
0.1
24.0
0.52
125
0.1
23.9
0.50
120
0.2
24.0
0.52
125
0.2
23.8
0.50
120
0.3
23.1
0.53
123
0.3
23.0
0.51
118
0.4
19.1
0.57
109
0.4
19.0
0.54
104
0.5
12.2
0.64
78
0.5
11.3
0.61
69
0.6
6.2
0.72
45
0.6
4.9
0.68
34
Claude Dufresne, president and chief executive officer, comments: " We are pleased to report that the mineral resource estimate prepared by RPA is in-line with the historical resource estimate performed on the deposit in 1967 by the previous owner."
In concluding remarks regarding the project, RPA stated:
"Historical diamond drilling has outlined mineralization with three-dimensional continuity, and size and grades that can potentially be extracted economically."
"... there is excellent exploration potential to increase the Mineral Resource at depth with more diamond drilling. .."
" ... additional exploration and technical studies are warranted."
RPA recommends a next phase program including 4,000 m focussed on upgrading portions of the Inferred Resources to Indicated Resources and extending the Mineral Resources at depth, as well as environmental, engineering and metallurgical studies required to support a Preliminary Economic Assessment.
Jacquelin Gauthier, P.Geo., P.Eng., consultant to the Company, acted as the Qualified Person as defined in National Instrument 43-101. He reviewed and approved the technical and scientific content of this press release. RPA's Qualified Persons for the mineral resource estimate are Dorota El Rassi, P.Eng. and Paul Chamois, P.Geo. They have reviewed and approved the above technical and scientific content of this press release related to the mineral resource estimate.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium property in Ontario, Canada. In addition NioBay holds an option to acquire an interest of up to 65% in the La Peltrie gold project in northern Quebec, a 46.9% direct participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM, and a 72.5% interest in the Crevier niobium and tantalum project, located in Quebec.
Cautionary Statement
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the statements regarding the resource estimate, potential extension of the mineralization, exploration results, and completion of work program, assessments and studies. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. There can be no assurance that such statements will prove accurate.
Story Continues
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of Mineral Resources will be converted to Mineral Reserves. Inferred Mineral Resources are based on limited drilling which suggests the greatest uncertainty for a resource estimate and that geological continuity is only implied. Additional drilling will be required to verify geological and mineralization continuity and there is no certainty that all of the Inferred Resources will be converted to Measured and Indicated Resources. There is no certainty that Niobay will obtain the necessary permits and have the required funds to conduct required drilling program and studies. An application for an exploration permit on the James Bay Niobium Project was filed with the Ministry of Northern Development and Mines of Ontario ("MNDM") in October 2016 and has been placed on temporary hold. The Company continues to reach out to all concerned stakeholders in the area of the James Bay Niobium Project while the MNDM is pursuing efforts to engage with the Moose Cree First Nation to address any concerns they may have about the proposed drilling campaign.
Many other factors that could cause actual results to differ materially from Niobay's expectations are disclosed in the Company's documents filed from time to time with the securities regulators and available at www.sedar.com. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Follow us on Twitter: https://mobile.twitter.com/NiobayMetals
LinkedIn: https://www.linkedin.com/company/niobay-metals-inc.?trk=biz-companies-cym
Facebook : https://www.facebook.com/niobaymetals/
CHANCE:
NioBay Reports Initial Resource Estimate for Its James Bay Niobium Project
BY Marketwire - Canada
— 2:59 PM ET 11/16/2017
MONTREAL, QUEBEC--(Marketwired - Nov. 16, 2017) - Niobay Metals Inc. ( MDNNF
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) ("NioBay" or the "Company") is pleased to report an initial Mineral Resource estimate for its 100% owned James Bay Niobium Project located approximately 40 kilometers south of Moosonee, Northern Ontario, prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The 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 November 8, 2017 and the supporting NI 43-101 technical report will be filed on SEDAR by December 31, 2017.
Highlights of the NI 43-101 Mineral Resource Estimate
Tonnes Grade Contained Nb2O5
Classification (Mt) (%Nb2O5) (Mkg)
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Indicated 23.1 0.53 123
Inferred 23.0 0.51 118
Notes:
1. CIM (2014) Definitions Standards were followed for Mineral Resources.
2. Mineral Resources are reported at a cut-off grade of 0.3% Nb2O5 based on
an underground mining operating cost of C$70/tonne and a metallurgical
recovery of 70%.
3. Mineral Resources are estimated using a long-term niobium price of US$40
per kg and a US$/C$ exchange rate of 1:1.2.
4. A tonnage factor of 12.2 ft3/ton (2.93 g/cm3) was used.
5. A minimum mining width of approximately 25 ft (7.6m) was used to build
the resource wireframes.
6. Resources situated in a 150 ft (45.7m) thick crown pillar have been
excluded
7. The RPA Qualified Persons for the estimate are Dorota El Rassi, P.Eng.
and Paul Chamois, P.Geo.
RPA has excluded approximately 6.4 million tonnes averaging 0.52% Nb2O5 situated in the crown pillar.
The Mineral Resources estimate is supported by the results from the recent re-logging and re-sampling of 12 representative historical diamond drill holes, by preliminary metallurgical testing performed by SGS Lakefield on a composite sample and by all of the historical data Niobay recovered from the previous operator: drill logs, assay certificates, surveyed collar coordinates, interpreted geological surface and level plans, interpreted vertical sections, location of the exploration shaft and 1st level, and metallurgical tests.
The data used to estimate the Mineral Resource include 79 diamond drill holes totaling 13,230 m located within the resource model area. The data include 2,517 assays, of which 56 have a value of zero for Nb2O5. The estimate was prepared using a block model constrained with 3-D wireframes of the mineralized zone. The niobium oxide grades were interpolated using ordinary kriging and three passes.
The sensitivity of Indicated and Inferred Mineral Resources to variations in cut-off grade is represented in the table below.
Indicated Inferred
Contained Contained
Cut-off Tonnes Grade Nb2O5 Cut-off Tonnes Grade Nb2O5
(%Nb2O5) (Mt) (%Nb2O5) (Mkg) (%Nb2O5) (Mt) (%Nb2O5) (Mkg)
------------------------------------------------------------------------
0.0 24.0 0.52 125 0.0 23.9 0.50 120
0.1 24.0 0.52 125 0.1 23.9 0.50 120
0.2 24.0 0.52 125 0.2 23.8 0.50 120
0.3 23.1 0.53 123 0.3 23.0 0.51 118
0.4 19.1 0.57 109 0.4 19.0 0.54 104
0.5 12.2 0.64 78 0.5 11.3 0.61 69
0.6 6.2 0.72 45 0.6 4.9 0.68 34
Claude Dufresne, president and chief executive officer, comments: " We are pleased to report that the mineral resource estimate prepared by RPA is in-line with the historical resource estimate performed on the deposit in 1967 by the previous owner."
In concluding remarks regarding the project, RPA stated:
-- "Historical diamond drilling has outlined mineralization with three-
dimensional continuity, and size and grades that can potentially be
extracted economically."
-- "... there is excellent exploration potential to increase the Mineral
Resource at depth with more diamond drilling. .."
-- " ... additional exploration and technical studies are warranted."
RPA recommends a next phase program including 4,000 m focussed on upgrading portions of the Inferred Resources to Indicated Resources and extending the Mineral Resources at depth, as well as environmental, engineering and metallurgical studies required to support a Preliminary Economic Assessment.
Jacquelin Gauthier, P.Geo., P.Eng., consultant to the Company, acted as the Qualified Person as defined in National Instrument 43-101. He reviewed and approved the technical and scientific content of this press release. RPA's Qualified Persons for the mineral resource estimate are Dorota El Rassi, P.Eng. and Paul Chamois, P.Geo. They have reviewed and approved the above technical and scientific content of this press release related to the mineral resource estimate.
About NioBay Metals Inc. ( MDNNF
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)
NioBay Metals Inc. ( MDNNF
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) is a mining exploration company holding a 100% interest in the James Bay Niobium property in Ontario, Canada. In addition NioBay holds an option to acquire an interest of up to 65% in the La Peltrie gold project in northern Quebec, a 46.9% direct participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM, and a 72.5% interest in the Crevier niobium and tantalum project, located in Quebec.
Cautionary Statement
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the statements regarding the resource estimate, potential extension of the mineralization, exploration results, and completion of work program, assessments and studies. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. There can be no assurance that such statements will prove accurate.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of Mineral Resources will be converted to Mineral Reserves. Inferred Mineral Resources are based on limited drilling which suggests the greatest uncertainty for a resource estimate and that geological continuity is only implied. Additional drilling will be required to verify geological and mineralization continuity and there is no certainty that all of the Inferred Resources will be converted to Measured and Indicated Resources. There is no certainty that Niobay will obtain the necessary permits and have the required funds to conduct required drilling program and studies. An application for an exploration permit on the James Bay Niobium Project was filed with the Ministry of Northern Development and Mines of Ontario ("MNDM") in October 2016 and has been placed on temporary hold. The Company continues to reach out to all concerned stakeholders in the area of the James Bay Niobium Project while the MNDM is pursuing efforts to engage with the Moose Cree First Nation to address any concerns they may have about the proposed drilling campaign.
Many other factors that could cause actual results to differ materially from Niobay's expectations are disclosed in the Company's documents filed from time to time with the securities regulators and available at www.sedar.com. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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