From GlobeNewswire: 2024-05-07 07:00:00

NioBay Metals Inc. confirms the presence of phosphate in addition to titanium in historical Vior drill holes at the Foothills project, located in Québec. Recent assay results show promising mineralization, encouraging a new field campaign starting on May 6, 2024. Ottawa also authorizes Canadian aerospace industry to buy Russian titanium, supporting NioBay’s search for local supply.

CEO Jean-Sebastien David is pleased with the Foothills Project’s positive results and the discovery of phosphate. Ottawa’s authorization for Canadian aerospace to purchase Russian titanium further motivates NioBay’s efforts to find local sources. The field campaign starting on May 6, 2024, is a promising step forward for the company.

NioBay aims to lead in eco-friendly mine development, prioritizing efficient water and wildlife management. Indigenous community consent is critical for their projects’ success. The company holds interests in the James Bay Niobium Project, Crevier Niobium and Tantalum project in Québec, and the Foothills titanium project.

Niobium, a ductile and corrosion-resistant metal, enhances properties in various sectors like Mobility, Structural, and Energy. Titanium, known for its strength and low density, is crucial in aerospace applications. It’s also used in sports equipment, medical prostheses, and new battery components, making it a versatile material.

Forward-looking statements in this press release showcase NioBay’s plans, subject to potential risks and uncertainties. The company remains committed to environmental sustainability and community engagement. NioBay prioritizes transparent communication and responsible resource management for their projects.



Read more at GlobeNewswire: NioBay Confirms Phosphate in Historic Vior Drill Holes on