Presence of High Titanium Content in the Northern Sector of the Foothills Property
Presence of High Titanium Content in the Northern Sector of the Foothills Property
MONTRÉAL, Aug. 07, 2024 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ("NioBay" or the "Company") (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce that the receipt of the second set of laboratory results on the Foothills Project confirm the presence of high TiO2 (titanium) grades in rock outcrops located in the northern section of the property. This is massive ilmenite. The Foothills Project is located north of Saint-Urbain, 100 km north of Québec City and 90 km south of Saguenay (La Baie region), Québec. The project covers an area of approximately 285 km2 and is comprised of five separate claim blocks. It covers most of the contact of the intrusive zone known as the Saint-Urbain anorthosite.
2024年8月7日，加拿大蒙特利尔（GLOBE NEWSWIRE）--NioBay Metals Inc.（简称“NioBay”或“公司”）（TSX-V：NBY）（OTCQB：NBYCF）很高兴宣布，收到有关Foothills项目第二组实验室结果的报告确认了物业北部岩石露头的高TiO2（钛）品位。这是大型钛铁矿。Foothills项目位于魁北克省圣乌尔班以北，距离魁北克市以北100公里，距离萨圭内以南90公里（La Baie区），占地约285平方公里，由五个独立索赔块组成。它覆盖了被称为圣乌尔班斜长岩的侵入带的大部分接触面。
Results of the second series of samples from the Summer 2024 exploration campaign
150 samples were collected by the IOS Services Géoscientifiques Inc. teams, mainly on surface rock outcrops (bedrock) in sector 2 and the northern part of sector 3. The Company presents here the analyses from outcrops with a TiO2 value greater than 30%. These samples are reported on the regional map below.
2024年夏季勘探活动第二轮样品的结果
IOS Services Géoscientifiques Inc.团队收集了150个样本，主要是在2号区和3号区北部的表层岩石露头（基岩）上进行的。本公司在此提供了具有TiO2值大于30％的露头的分析。这些样本报告如下的区域图。
Table 1: Intercepted mineralization
表1：截获的矿化物
| Sample number | Area | Type | TiO2 (%) |
| 162590024 | 2 | Boulder | 44.2% |
| 162590171 | 2 | Boulder | 41.0% |
| 162590172 | 2 | Boulder | 40.0% |
| 162590319 | 2 | Boulder | 42.5% |
| 162590034 | 3 | Boulder | 34.6% |
| 162590035 | 3 | Bedrock | 37.9% |
| 162590329 | 3 | Bedrock | 37.9% |
| 162590330 | 3 | Bedrock | 38.2% |
| 162590331 | 3 | Bedrock | 38.5% |
| 162590332 | 3 | Bedrock | 37.7% |
| 162590333 | 3 | Bedrock | 38.0% |
| 162590037 | 3 | Bedrock | 36.3% |
| 162590064 | 3 | Bedrock | 30.6% |
| 162590065 | 3 | Bedrock | 37.5% |
| 162590069 | 3 | Bedrock | 35.5% |
| 162590070 | 3 | Bedrock | 34.7% |
| 162590075 | 3 | Bedrock | 39.8% |
| 162590076 | 3 | Bedrock | 38.0% |
| 162590077 | 3 | Bedrock | 38.7% |
| 162590079 | 3 | Bedrock | 39.5% |
| 162590080 | 3 | Bedrock | 38.1% |
| 162590082 | 3 | Bedrock | 37.5% |
| 162590083 | 3 | Bedrock | 40.2% |
| 162590084 | 3 | Bedrock | 39.6% |
| 162590085 | 3 | Bedrock | 37.8% |
| 162590086 | 3 | Bedrock | 37.8% |
| 162590104 | 3 | Bedrock | 36.6% |
| 162590106 | 3 | Boulder | 32.9% |
| 162590107 | 3 | Bedrock | 32.1% |
| 162590110 | 3 | Sub-bedrock | 32.9% |
| 162590112 | 3 | Bedrock | 37.7% |
| 162590113 | 3 | Bedrock | 35.8% |
| 162590114 | 3 | Bedrock | 38.0% |
| 162590192 | 3 | Bedrock | 36.7% |
| 162590193 | 3 | Bedrock | 35.9% |
| 162590200 | 3 | Bedrock | 36.4% |
| 162590201 | 3 | Bedrock | 40.3% |
| 162590203 | 3 | Bedrock | 36.1% |
| 162590204 | 3 | Bedrock | 36.1% |
| 162590210 | 3 | Bedrock | 37.8% |
| 162590212 | 3 | Bedrock | 34.6% |
| 162590213 | 3 | Bedrock | 38.3% |
| 162590215 | 3 | Bedrock | 38.4% |
| 162590335 (New showing discovered north of the Brassard showing) | 3 | Bedrock | 38.0% |
| 162590336 (New showing discovered north of the Brassard showing) | 3 | Bedrock | 38.0% |
| 162590337 (New showing discovered north of the Brassard showing) | 3 | Bedrock | 32.5% |
| 162590338 (New showing discovered north of the Brassard showing) | 3 | Bedrock | 35.8% |
| 162590339 (New showing discovered north of the Brassard showing) | 3 | Bedrock | 38.0% |
| 162590340 | 3 | Bedrock | 37.7% |
| 162590341 | 3 | Bedrock | 38.2% |
| 162590342 | 3 | Bedrock | 39.9% |
| 162590346 | 3 | Bedrock | 39.9% |
| 样品编号 | 区域 | 类型 | TiO2（%） |
| 162590024 | 2 | Boulder | 44.2% |
| 162590171 | 2 | Boulder | 41.0% |
| 162590172 | 2 | Boulder | 40.0% |
| 162590319 | 2 | Boulder | 42.5% |
| 162590034 | 3 | Boulder | 34.6% |
| 162590035 | 3 | 岩石基础 | 37.9% |
| 162590329 | 3 | 岩石基础 | 37.9% |
| 162590330 | 3 | 岩石基础 | 38.2% |
| 162590331 | 3 | 岩石基础 | 38.5% |
| 162590332 | 3 | 岩石基础 | 37.7% |
| 162590333 | 3 | 岩石基础 | 38.0% |
| 162590037 | 3 | 岩石基础 | |
| 162590064 | 3 | 岩石基础 | 30.6% |
| 162590065 | 3 | 岩石基础 | 37.5% |
| 162590069 | 3 | 岩石基础 | 35.5% |
| 162590070 | 3 | 岩石基础 | 34.7% |
| 162590075 | 3 | 岩石基础 | 39.8% |
| 162590076 | 3 | 岩石基础 | 38.0% |
| 162590077 | 3 | 岩石基础 | 38.7% |
| 162590079 | 3 | 岩石基础 | 39.5% |
| 162590080 | 3 | 岩石基础 | 38.1% |
| 162590082 | 3 | 岩石基础 | 37.5% |
| 162590083 | 3 | 岩石基础 | 40.2% |
| 162590084 | 3 | 岩石基础 | 39.6% |
| 162590085 | 3 | 岩石基础 | 37.8% |
| 162590086 | 3 | 岩石基础 | 37.8% |
| 162590104 | 3 | 岩石基础 | 36.6% |
| 162590106 | 3 | Boulder | 32.9% |
| 162590107 | 3 | 岩石基础 | 32.1% |
| 162590110 | 3 | 亚基岩 | 32.9% |
| 162590112 | 3 | 岩石基础 | 37.7% |
| 162590113 | 3 | 岩石基础 | 35.8% |
| 162590114 | 3 | 岩石基础 | 38.0% |
| 162590192 | 3 | 岩石基础 | 36.7% |
| 162590193 | 3 | 岩石基础 | 35.9% |
| 3 | 岩石基础 | 36.4% | |
| 162590201 | 3 | 岩石基础 | 40.3% |
| 162590203 | 3 | 岩石基础 | 36.1% |
| 162590204 | 3 | 岩石基础 | 36.1% |
| 162590210 | 3 | 岩石基础 | 37.8% |
| 162590212 | 3 | 岩石基础 | 34.6% |
| 162590213 | 3 | 岩石基础 | 38.3% |
| 162590215 | 3 | 岩石基础 | 38.4% |
| 162590335（在Brassard展现物以北发现的新展现） | 3 | 岩石基础 | 38.0% |
| 162590336（在Brassard展现物以北发现的新展现） | 3 | 岩石基础 | 38.0% |
| 162590337（在Brassard展现物以北发现的新展现） | 3 | 岩石基础 | 32.5% |
| 162590338（在Brassard展现物以北发现的新展现） | 3 | 岩石基础 | 35.8% |
| 162590339（在Brassard展现物以北发现的新展现） | 3 | 岩石基础 | 38.0% |
| 162590340 | 3 | 岩石基础 | 37.7% |
| 162590341 | 3 | 岩石基础 | 38.2% |
| 162590342 | 3 | 岩石基础 | 39.9% |
| 162590346 | 3 | 岩石基础 | 39.9% |
June 2024 prospecting area and sample locations
2024年6月勘探区和样品位置
The Company has filed an application for authorization for impact projects with the Ministry of Natural Resources with the aim of carrying out a drilling campaign as soon as the work is approved. The sector targeted by this drilling campaign is located on the private lands of the Séminaire de Québec, identified as sector 1 by NioBay.
公司已向自然资源部门申请授权，以期待工作获批后尽快开展钻探活动。此次钻探活动的目标区位于NioBay确定的魁北克会议大学的私有土地上，该区域被标识为板块1。
Message from NioBay's President and CEO on Foothills
"We are pleased to announce additional results from our exploration campaign on the Foothills Project, this time from sectors 2 and 3. Excellent concentrations of titanium were once again identified, this time in rock outcrops. The presence of massive ilmenite was identified in several areas in the northern sector of zone 3. Zone 3 has just been added to zone 1 as a drilling site. Additional results will follow from the last zones explored in July," concluded Mr. David.
NioBay总裁兼首席执行官关于Foothills的讯息
“我们很高兴地宣布，我们在Foothills项目上的勘探活动取得了额外的成果，这次是来自板块2和3。再次从岩石露头中发现了优良的钛浓度，同时在区域3北部的几个区域中发现了巨晶状钛铁矿。区域3刚刚被添加到作为钻探现场的区域1中。最后勘探的区域将在7月份公布更多成果。”David先生总结道。
Update on previous private placement
The Company wishes to provide additional information regarding the $981,550 private placement announced on July 26, 2024. An insider of the Company participated in the private placement and subscribed for 150,000 Quebec-eligible flow-through units for proceeds of $10,500. Such participation in the private placement is a "related party transaction" as defined in Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions ("Regulation 61-101"). The private placement was exempt from the formal valuation and minority shareholder approval requirements of Regulation 61-101 as neither the fair market value of the securities issued to insiders nor the consideration for such securities by insiders exceed 25% of the Company's market capitalization. The Company paid $65,033 in cash and issued 929,049 warrants to finders, each entitling to purchase one common share at a price of $0.07 until July 27, 2026.
之前定向增发的更新
公司希望提供有关2024年7月26日宣布的981,550美元定向增发的额外信息。公司的一名内部人士参加了定向增发，并认购了150,000个魁北克资格流通单位，交易额为10,500美元。内部人士参加定向增发是《特殊交易中保护少数股东制度》第61-101条规定的“关联方交易”。定向增发豁免了《特殊交易中保护少数股东制度》规定的正式估值和少数股东批准要求，因为无论向内部人士发行的证券的市场公允价值，还是向内部人士发行的证券的交换对价是否超过公司市值的25%。该公司支付了65,033美元现金，并向寻找者发行了929,049个认股权证，每个权证都有权以0.07美元的价格购买一股普通股，有效期为2026年7月27日。
Qualified Person
This press release has been reviewed and approved by Jean-Sébastien David, P.Geo., a qualified person under National Instrument 43-101. Mr. David is President and CEO of NioBay.
合格人士
本新闻稿已由加拿大国家43-101号法规下的合格人员和NioBay的总裁兼首席执行官Jean-Sébastien David先生（P.Geo.）审查和批准。
About NioBay Metals Inc.
钛(Ti)像钢一样坚固，但比钢轻得多。因此，它作为许多金属的合金化剂尤其重要，包括铝、钼和铁。这些合金主要用于飞机和航天器，因为它们的密度低和耐受极端温度的能力。它们也用于体育器材、笔记本电脑、自行车和医疗假肢。最近，这种金属已被用于一些电池结构件。
NioBay aims to become a leader in the development of mine(s) with low carbon consumption and responsible water and wildlife management practices while prioritizing the environment, social responsibility, good governance, and the inclusion of all stakeholders. Our top priority, which is critical to our success, is the consent and full participation of the Indigenous communities in whose territories and/or on ancestral lands we operate. 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. The Company has also the option to acquire a 80% interest in the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Québec.
NioBay旨在成为低碳消耗、注重环境、社会责任、良好治理和纳入所有利益相关者利益的采矿业领导者，以及负责任的水资源和野生动植物管理实践倡导者。我们的首要任务是获得经营或存在于祖传土地上的土著社区的同意和全面参与，这对我们的成功至关重要。除了其他产业外，NioBay还持有James Bay-Niobium计划的100%权益，位于安大略省詹姆斯湾低地的鹿晗Moose Cree传统领土南部的Moosonee市以南45公里处。NioBay还持有Crevier铌钽项目的72.5%股权，该项目位于魁北克省和Pekuakamiulnuatsh第一民族的Nitassinan领地上。公司还有选择获得Foothills项目80%权益的选项，该项目是位于魁北克省圣乌尔班矿山遗址附近的一个钛磷矿项目。
About Titanium
关于钛
Titanium (Ti) is as strong as steel, but much less dense. It is therefore important as an alloying agent with many metals, including aluminum, molybdenum and iron. These alloys are mainly used in aircraft and spacecraft because of their low density and ability to withstand extreme temperatures. They are also used in sports equipment, laptops, bicycles and medical prostheses. Recently, this metal has been used in some battery components.
NioBay Metals Inc.
Cautionary Statement
声明
Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws, including statements about the Company's plans. These statements are necessarily based on a number of beliefs, assumptions and opinions of management at the date they are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company assumes no obligation to update these forward-looking statements should management's beliefs, estimates or opinions, or other factors, change, except as required by law.
本新闻稿所包含的某些陈述构成根据加拿大证券法规定的前瞻性信息，包括有关公司计划的声明。这些声明必须基于管理层在其制作日期的一定数量的信仰、假设和意见，并且受到无数风险和不确定性的影响。这些风险和不确定性可能导致实际结果和未来事件与预期或投射的结果有所不同。除法律规定外，本公司无需更新这些前瞻性声明，无论是管理层的信念、估计或观点，还是其他因素有所变化。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
TSX Venture Exchange及其监管服务提供商（如TSX Venture Exchange政策中所定义的）不对本发布的充分性或准确性负责。
FOR MORE INFORMATION, CONTACT:
更多信息，请联系：
|
NioBay Metals Inc. Jean-Sebastien David, geo. President & Chief Executive Officer Tel.: 514 866-6500 jsdavid@niobaymetals.com |
Kimberly Darlington Investor Relations kimberly@refinedsubstance.com Tel: 514-771-3398 |
| NioBay Metals Inc。- 目前的市值约为2400万美元（加元）。活跃的证券商包括Canaccord Genuity、National Bank Financial、TD Securities和Scotia Capital。 Jean-Sebastien David，geo。 董事长兼首席执行官 电话：514 866-6500 jsdavid@niobaymetals.com |
Kimberly Darlington 投资者关系 kimberly@refinedsubstance.com 电话: 514-771-3398 |
A photo accompanying this announcement is available at:
附带此公告的照片可在以下网址查看：