Niobay Metals Inc.

Niobay Metals Inc. is pleased to announce that Osisko Gold Royalties Ltd. has exercised its option to purchase a 1.0% royalty on all products to be produced from NioBay’s wholly-owned James Bay Niobium project, located 40 kilometres south of Moosonee, Ontario for $2,000,000. The option was granted to Osisko as part of its initial investment in NioBay in March 2018. The funds will be used in the development of the James [...]

Niobay Metals Inc. is pleased to announce the closing of the previously announced brokered private placement for total gross proceeds of $11,593,098 . Pursuant to the Offering, the Company issued 10,094,910 units , at a price of $0.65 per Unit and 7,399,127 flow-through common shares , at a price of $0.68 per FT Share. Each Unit consists of one common share and one-half of one common share purchase warrant . Each whole [...]

Niobay Metals Inc. announces that further to its news release dated October 13th “James Bay Niobium PEA Delivers and After-tax NPV of $1.0 billion and IRR of 27.5%”, it has today filed the associated National Instrument 43-101 technical report for its wholly-owned James Bay Niobium project , located 40 km south of the island of Moose Factory, Northern Ontario. The report, entitled “Preliminary Economic Assessment [...]

Niobay Metals Inc. is pleased to announce that it has completed its sale of its interest in the Des Meloizes Property , previously announced on September 29, 2020. The Property was owned by the Company and SOQUEM Inc. , under a joint venture agreement. The Transaction The Transaction was completed among the Company, SOQUEM and Generic Gold Corp. . In exchange of its 47% ownership of the Property, the Company has received [...]

TSX-V: NBY Niobay Metals Inc. is pleased to announce that it has increased the size of its previously announced private placement from up to $10,000,000 to $12,000,000 and amended its agreement with Canaccord Genuity Corp. on behalf of a syndicate of agents that includes Sprott Capital Partners LP . The Offering has been amended to the following: an aggregate of up to 12,307,692 Units of the Company at an issue price of [...]

TSX-V: NBY Niobay Metals Inc. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of agents that includes Sprott Capital Partners LP , in connection with a "best efforts" private placement as follows: an aggregate of up to 10,769,231 units of the Company at an issue price of $0.65 per Unit for aggregate gross proceeds of $7,000,000 each Unit will be comprised [...]

Niobay Metals Inc. is pleased to announce that an airborne high resolution magnetic survey has commenced this week on the Company’s Valentine property located 100 km north-east of the town of Kapuskasing, Ontario. The same type of survey will be performed in the next few weeks on the James Bay Niobium property just 40 kilometres south of Moosonee, Ontario . The surveys will be performed by TerraQuest Ltd of Markham [...]

Niobay Metals Inc. is pleased to announce results of an independent Preliminary Economic Assessment for its wholly-owned James Bay Niobium project , located 40 km south of the island of Moose Factory, Northern Ontario. The PEA was prepared with independent engineering firm G Mining Services Inc. . A conference call will be held on Wednesday, October 14th at 16:00 EST. Dial-in information can be found below. Because of the [...]

Niobay Metals Inc. is pleased to announce results of an independent Preliminary Economic Assessment for its wholly-owned James Bay Niobium project , located 40 km south of the island of Moose Factory, Northern Ontario. The PEA was prepared with independent engineering firm G Mining Services Inc. . A conference call will be held on Wednesday, October 14th at 16:00 EST. Dial-in information can be found below. Because of the [...]

Niobay Metals Inc. is pleased to announce the sale of its interest in the Des Meloizes Property . The Property is located 7 km east of Amex Exploration’s Perron gold property and is owned by the Company and SOQUEM Inc. , under a joint venture agreement . The Transaction The Transaction is being carried out in accordance with the terms of an arm's-length purchase agreement dated September 21, 2020 among the Company, SOQUEM [...]