Company Overview - NioBay Metals Inc. has appointed Mr. Laurence Farmer to the Board of Directors, replacing Mr. Mathieu Savard who resigned on March 25, 2025 [1] - The company expresses gratitude to Mr. Savard for his contributions and wishes him well in his future role as President, CEO, and Director of Vior Inc. [1] Leadership Background - Mr. Laurence Farmer has over 10 years of experience in cross-border M&A, finance, and capital markets advisory, previously serving as General Counsel and Vice President at Osisko Development Corp. [2] - He has participated in deals totaling over US$20 billion throughout his career in mining and metals [2] - Mr. Farmer is also the Co-Founder and CEO of Electric Elements Mining Corp., a project generator focused on precious and critical metals [2] Stock Options - The company has granted Mr. Farmer 50,000 incentive stock options, with one third vesting immediately and the remainder subject to a two-year vesting period [3] - The options have a seven-year term with an exercise price of $0.055, in accordance with the company's Stock Option Plan [3] Company Mission - NioBay aims to lead in the development of mines with low carbon consumption and responsible management practices, emphasizing environmental and social responsibility [4] - The company prioritizes the consent and participation of Indigenous communities in its operational territories [4] Project Interests - NioBay holds a 100% interest in the James Bay Niobium Project located in Ontario and a 72.5% interest in the Crevier Niobium and Tantalum project in Québec [5] - The company also has an option to acquire an 80% interest in the Foothills project, a titanium-phosphate project in Québec [5] Industry Insights - Niobium is a ductile and malleable metal used in various sectors, enhancing material properties and reducing environmental impacts [6] - Titanium is a strong yet lightweight metal, important for aerospace applications and increasingly used in battery components [7]
NioBay Announces a New Member to Its Board of Directors