Niobay Metals Inc. (NBYCF)

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THIS WILL BE A NAME CHANGER

NBYCF
-8.66%
NioBay Metals Inc.
April 20, 2021·3 min read
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NBYCF
-8.66%

MONTREAL, April 20, 2021 (GLOBE NEWSWIRE) -- Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY, OTCQB: NBYCF) an Environmental Sustainable Governance Indegenous (“ESGI”) Company is pleased to provide an update of activities related to the Company’s James Bay Niobium Project and Crevier Niobium & Tantalum Project, in addition to a corporate update.

Niobium Battery Technologies

As published on April 6, 2021, the Company announced the beginning of a series of hydrometallurgical testing for the production of battery grade niobium from the James Bay Niobium Project located on Moose Cree First Nation (“MCFN”) Homeland territory, 42 km south of Moosonee, Ontario. The Company is pleased to announce that it will invest in niobium batteries technology by initiating additional testwork to produce precursor material for niobium batteries, but this time from its Crevier Niobium and Tantalum project located 53 km north of the municipality of Gerardville, Québec on the traditional territory of the Pekuakamiulnuatsh First Nation.

NioBay has identified several companies, including Toshiba, and other private companies, who are making use of niobium to develop revolutionary battery technologies. Niobium-based materials enable super-fast charging times (1 to 10 minutes) increased battery safety, long cycle life (+10,000 charge cycles), and improved Electric-Vehicle (EV) performance at variable temperature ranges.