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.
