NioBay Metals suspends exploration at the James Bay Niobium Project
NioBay Metals Inc.
Thu, March 17, 2022, 6:00 PM·3 min read
NioBay Metals Inc.
NioBay Metals Inc.
MONTREAL, March 17, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ("NioBay" or the "Company") (TSX-V: NBY) (OTCQB: NBYCF), a Company focused on the exploration, development and use of critical “green” metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), received today a letter from the Moose Cree First Nation (“MCFN”). This letter announced the result of a small survey of the population which indicated an intent to preserve the South Bluff Creek area from any development. That area is where NioBay’s mining lease for its critical mineral project, the James Bay Niobium, is located and where drilling activities are currently ongoing. Based on the results of this survey, the MCFN requested a meeting with NioBay regarding ceasing its permitted exploration.
NioBay is therefore suspending all exploration activities immediately on the James Bay Niobium Project until a meeting with MCFN can be held. Meanwhile, the Board of Directors is evaluating all options available to the Company at this point.
NioBay has repeatedly stated that it would not build a mine without the consent of the MCFN community. This project is still in the exploration phase and the Company does not yet have information as to whether an economic operation may be viable at this location. The Company will present the results of its exploration work when this information is available.
Land Acknowledgement
The Board of NioBay acknowledges that the James Bay Niobium Project is within Treaty 9, and the primary homeland of the Moose Cree First Nation. We respect the Indigenous Rights and Interests of Moose Cree and those Indigenous communities within Treaty 9.
About NioBay Metals Inc.
NioBay will be a leader in the Environment, Social, Governance and Indigenous inclusion supporting the development of smart mine(s) with low carbon consumption and responsible water and wildlife management practices. Critical to our success will be the consent and full participation of the Indigenous communities in whose territories we operate.
Story continues
