Replies to post #266 on Niobay Metals Inc. (NBYCF)

[roberttatge]

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.: [phone], Ext. 221 Email: [e-mail] Website: www.niobaymetals.com

[roberttatge]

[b]SOMETHING I MISS OF THE UTMOST IMPORTANCE!
[color=red][/color]
niobaymetals.com/wp/wp-content/uploads/2017/08/Niobay_MCFN_Flyer_CD_FINAL-WEB.pdf

[roberttatge]

[color=red]First Nation and British Columbia to share gold mine tax revenue

[/color]Valentina Ruiz Leotaud | 4 days ago |
PeopleMine
Facebook
LinkedIn
Twitter
Email
Print

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.

[roberttatge]

update
niobaymetals.com/wp/wp-content/uploads/2017/05/Niobay_Moosonee_Open-House_May-2017_EN_Final_Web.pdf[color=red][/color]

[roberttatge]

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).

[roberttatge]

https://www.digitaljournal.com/pr/niobay-metals-confirms-commencement-of-drilling-at-james-bay-niobium