Monday, May 17, 2021 2:49:59 PM
BY MT Newswires
— 12:47 PM ET 05/10/2021
12:47 PM EDT, 05/10/2021 (MT Newswires) -- NioBay Metals Inc. ( NBYCF
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) was up 1.1% on last look on Monday after reporting an option agreement with Les Ressources Tectonic Inc. to buy a 100% interest in two large properties showing potential for niobium discovery.
The two properties, Gouin East and Gouin West, located 150 kilometers south of Chibougamau, Quebec, cover two magnetic anomalies. The Gouin East and Gouin West properties are made of 114 and 96 claims, respectively, covering a total of 11,650 hectares.
Subject to regulatory approvals from the TSX Venture Exchange, the option agreement calls for $190,000 in cash payments, $430,000 payable at NioBay's option either in cash or in common shares of NioBay, and $1.7 million in work commitment, over a six-year period.
NioBay Metals ( NBYCF ) is an environmental sustainable governance indigenous, or ESGI, company.
Price: 0.88, Change: +0.01, Percent Change: +1.15
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