NioBay Metals Announces Upsize of Brokered LIFE Offering and Concurrent Private Placement to Gross Proceeds of Up to C$7.5 Million

Core Viewpoint - NioBay Metals Inc. has increased the maximum gross proceeds of its private placement from C$5,000,000 to C$7,500,000 due to strong investor demand [1] Group 1: Offering Details - The Marketed Offering consists of Units, FT Units, and Charity FT Units, with each Unit comprising one common share and one warrant [2] - The FT Units will be sold at C$0.16 each, while Charity FT Units will be priced at C$0.21 each [8] - Red Cloud Securities Inc. is acting as the sole agent and bookrunner for the Offering, with an option to sell an additional C$1,000,000 in securities [3] Group 2: Use of Proceeds - The net proceeds from the Offering will be used for the exploration and advancement of the James Bay Niobium Project, as well as for working capital and general corporate purposes [4] - Gross proceeds from the sale of FT Shares will be allocated to eligible Canadian exploration expenses related to the James Bay Niobium Project [5] Group 3: Regulatory and Compliance - The Offering will comply with applicable regulatory requirements and will be offered in several Canadian provinces under the Listed Issuer Financing Exemption [6] - The securities will be immediately freely tradeable in Canada, while those not issued under the Listed Issuer Financing Exemption will have a hold period of four months plus one day [7] Group 4: Company Background - NioBay aims to lead in low carbon consumption mining practices and emphasizes the importance of Indigenous community participation in its operations [12] - The company holds a 100% interest in the James Bay Niobium Project and a 72.5% interest in the Crevier Niobium and Tantalum project [12] Group 5: Industry Context - Niobium is a highly resistant metal used in various sectors, enhancing material properties and reducing environmental impacts [13]