NioBay Presents Its 2024 Year End Report

Core Insights - NioBay Metals Inc. has presented its year-end report highlighting its ongoing projects and financial activities [1][8]. Group 1: Project Updates - The Foothills project, focused on titanium exploration, has seen an exploration campaign conducted from May to August, with promising surface sample results [2]. - A drilling campaign for the Foothills project was executed from late October to early December, with results pending public release [2]. - The Crevier project, which involves niobium and tantalum, has initiated metallurgical testing with SGS, expected to conclude by the end of Q1-2025 [3]. - Objectives for the Crevier project include validating process changes, producing niobium oxalate through various methods, and generating samples for potential clients [4]. - The James Bay Niobium project is undergoing environmental characterization and consultations with the Moose Cree First Nation, mandated by the Ministry of the Environment, Conservation and Parks [5]. Group 2: Research and Development - NioBay has achieved significant results in 2024 through research on niobium and tantalum applications in the hydrogen sector, collaborating with institutions like the University of Waterloo and Université du Québec à Trois-Rivières [6]. Group 3: Corporate Developments - The company appointed Ms. Josianne Beaudry to its Board of Directors, enhancing its governance structure [7]. - NioBay successfully raised nearly $2 million through financings, primarily via flow-through shares, and received a $500,000 subsidy for metallurgical testing [8]. Group 4: Company Overview - NioBay aims to lead in developing mines with low carbon consumption and responsible environmental practices, emphasizing the importance of Indigenous community participation [9]. - The company holds a 100% interest in the James Bay Niobium Project and a 72.5% interest in the Crevier project, along with an option for an 80% interest in the Foothills project [10][11]. Group 5: Material Insights - Niobium is recognized for its ductility, malleability, and corrosion resistance, enhancing materials in various sectors, including mobility and energy [12]. - Titanium, known for its strength and low density, is crucial in aerospace applications and is increasingly used in battery components [13].