Corporate Update on NioBay Activities - Seite 2

Furthermore, NioBay is pleased to announce that the tests, carried out at the University of Waterloo, met the criteria of the United States Department of Energy (DOE), achieving a corrosion protection efficiency of 99.98% in PEM fuel cells.

It should be noted that niobium is seen as a potential substitute for the platinum group elements (PGEs) usually used in these technologies, making them more affordable.

A word from the CEO, Jean-Sebastien David
“Our focus for NioBay in 2024 will be to increase shareholder value by extending our James Bay Niobium permits and advancing exploration activities, increasing the quantity and quality of our resources on the Crevier Project, continuing acquisition efforts to add critical and strategic metals projects to our portfolio,” said Jean-Sebastien David, President and CEO of NioBay. “In addition, when it is to NioBay’s advantage, we will divest of properties whose metals and minerals are not within the Company's core areas of interest."

About NioBay Metals Inc.
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 ancestral lands we operate.

The Company holds, in addition to others, 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 Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation.

About Niobium
Niobium is a naturally occurring element. It is a metal that is ductile, malleable and highly resistant to corrosion. Because it enhances properties and functionalities, niobium is used in a wide range of materials and applications in the Mobility, Structural and Energy sectors. Niobium transforms materials. When added to materials like steel, glass and aluminum castings, niobium makes them more efficient and lowers environmental impacts, while also delivering other benefits such as better performance, improved safety and increased value.