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NioBay Metals closes option agreement to acquire Foothills property21.02.2024 | 13:30 Uhr | GlobeNewswire
MONTREAL, Feb. 21, 2024 - Niobay Metals Inc. ("NioBay" or the "Company") (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce that, in accordance with the requirements of the TSX Venture Exchange and further to its news release dated February 7, 2024 (entitled "NioBay Metals signs option agreement to acquire high-potential titanium and phosphate properties"), the Company has executed an option agreement (the "Option Agreement") to acquire an 80% undivided interest in Vior Inc.'s Foothills Project. In accordance with the Option Agreement, NioBay Metals has made the initial $40,000 cash payment and issued 1,250,000 common shares of the Company (the "Common Shares"). The Common Shares issued pursuant to the Option Agreement are subject to a four-month hold period under applicable securities laws. About NioBay Metals Inc. In addition to others properties, NioBay holds a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. NioBay also holds a 72.5% interest in the Crevier Niobium and Tantalum project located in Québec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. Cautionary Statement 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:
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