NioBay Receives $400,000 Grant

Core Viewpoint - NioBay Metals Inc. has received a grant from the Ministry of Natural Resources and Forests for its Crevier 2 niobium and tantalum project, highlighting the government's support for critical minerals exploration and the project's potential [1][4]. Group 1: Grant Details - The grant is aimed at conducting mineral processing tests and systematic mineralogical characterization at the Crevier deposit [2]. - This funding is non-dilutive to shareholders, which is beneficial for the company's financial structure as it progresses the project [3]. Group 2: Project Focus - The Crevier Project will concentrate on producing niobium oxide for battery manufacturers and tantalum oxide for high-tech applications [5]. Group 3: Company Overview - NioBay aims to lead in low carbon consumption mining practices while ensuring responsible water and wildlife management, emphasizing environmental and social responsibility [7]. - The company holds a 72.5% interest in the Crevier Niobium and Tantalum project and a 100% interest in the James Bay Niobium Project [7]. Group 4: Importance of Niobium - Niobium is a ductile and corrosion-resistant metal used in various sectors, enhancing material properties and reducing environmental impacts when added to materials like steel and aluminum [8].