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NioBay Metals suspends exploration at the James Bay Niobium Project
NioBay Metals suspends exploration at the James Bay Niobium Project
MONTREAL, March 17, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ("NioBay" or the "Company") (TSX-V: NBY) (OTCQB: NBYCF), a Company focused on the exploration, development and use of critical "green" metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), received today a letter from the Moose Cree First Nation ("MCFN"). This letter announced the result of a small survey of the population which indicated an intent to preserve the South Bluff Creek area from any development. That area is where NioBay's mining lease for its critical mineral project, the James Bay Niobium, is located and where drilling activities are currently ongoing. Based on the results of this survey, the MCFN requested a meeting with NioBay regarding ceasing its permitted exploration.
NioBay is therefore suspending all exploration activities immediately on the James Bay Niobium Project until a meeting with MCFN can be held. Meanwhile, the Board of Directors is evaluating all options available to the Company at this point.
NioBay has repeatedly stated that it would not build a mine without the consent of the MCFN community. This project is still in the exploration phase and the Company does not yet have information as to whether an economic operation may be viable at this location. The Company will present the results of its exploration work when this information is available.
Land Acknowledgement
The Board of NioBay acknowledges that the James Bay Niobium Project is within Treaty 9, and the primary homeland of the Moose Cree First Nation. We respect the Indigenous Rights and Interests of Moose Cree and those Indigenous communities within Treaty 9.
About NioBay Metals Inc.
NioBay will be a leader in the Environment, Social, Governance and Indigenous inclusion supporting the development of smart mine(s) with low carbon consumption and responsible water and wildlife management practices. Critical to our success will be the consent and full participation of the Indigenous communities in whose territories we operate.
The Company holds 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 readily available, reliable, soft 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 smarter and lower environmental impacts, while also delivering other benefits like better performance, improved safety and increased value.
Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company's plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
FOR MORE INFORMATION, CONTACT:
Paradox Public Relations Tel: (514) 341-0408 or 1-866-460-0408 jfmeilleur@paradox-pr.ca |
NioBay Metals Inc.
Jean-Sébastien David, P.Geo.
President & CEO
jsdavid@niobaymetals.com
MONTREAL, March 17, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. ("NioBay" or the "Company") (TSX-V: NBY) (OTCQB: NBYCF), a Company focused on the exploration, development and use of critical "green" metals with a priority on the Environment, Social, Governance and Indigenous participation (ESGI), received today a letter from the Moose Cree First Nation ("MCFN"). This letter announced the result of a small survey of the population which indicated an intent to preserve the South Bluff Creek area from any development. That area is where NioBay's mining lease for its critical mineral project, the James Bay Niobium, is located and where drilling activities are currently ongoing. Based on the results of this survey, the MCFN requested a meeting with NioBay regarding ceasing its permitted exploration.
蒙特利尔,2022年3月17日(环球通讯社)-NioBay Metals Inc.(以下简称NioBay或公司)(多伦多证券交易所股票代码:nBY)(场外交易代码:NBYCF)是一家专注于勘探、开发和使用关键的“绿色”金属、优先关注环境、社会、治理和土著参与(ESGI)的公司,今天收到了驼鹿克里族第一民族(MCFN)的一封信。这封信公布了一项对人口的小型调查结果,表明有意保护南布拉夫溪地区不受任何开发的影响。该地区是NioBay为其关键矿产项目James Bay Nobium提供采矿租约的地方,也是目前正在进行钻探活动的地方。根据这项调查的结果,MCFN要求与NioBay就停止其允许的勘探举行会议。
NioBay is therefore suspending all exploration activities immediately on the James Bay Niobium Project until a meeting with MCFN can be held. Meanwhile, the Board of Directors is evaluating all options available to the Company at this point.
因此,NioBay将立即暂停詹姆斯湾Nb项目的所有勘探活动,直到与MCFN举行会议。与此同时,董事会正在评估该公司目前可用的所有选择。
NioBay has repeatedly stated that it would not build a mine without the consent of the MCFN community. This project is still in the exploration phase and the Company does not yet have information as to whether an economic operation may be viable at this location. The Company will present the results of its exploration work when this information is available.
NioBay一再表示,没有MCFN社区的同意,它不会建造矿山。该项目仍处于勘探阶段,本公司尚无关于该地点是否可行的经济运营的信息。该公司将在获得这些信息后公布其勘探工作的结果。
Land Acknowledgement
The Board of NioBay acknowledges that the James Bay Niobium Project is within Treaty 9, and the primary homeland of the Moose Cree First Nation. We respect the Indigenous Rights and Interests of Moose Cree and those Indigenous communities within Treaty 9.
土地确认
NioBay董事会承认,詹姆斯湾Nb项目符合条约9,也是驼鹿克里第一民族的主要故乡。我们尊重第9号条约规定的驼鹿、克里和其他土著社区的土著权利和利益。
About NioBay Metals Inc.
NioBay will be a leader in the Environment, Social, Governance and Indigenous inclusion supporting the development of smart mine(s) with low carbon consumption and responsible water and wildlife management practices. Critical to our success will be the consent and full participation of the Indigenous communities in whose territories we operate.
关于NioBay Metals Inc.
NioBay将成为环境、社会、治理和土著包容领域的领导者,支持开发低碳消耗、负责任的水和野生动物管理实践的智能矿山。我们成功的关键将是我们在其领土上开展活动的土著社区的同意和充分参与。
The Company holds 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.
该公司拥有詹姆士湾Nb项目的100%权益,该项目位于Moosonee以南45公里处,位于安大略省詹姆斯湾低地的驼鹿Cree传统领地。NioBay还持有位于魁北克和Pekuakamiulnuatsh First Nation的Nitassinan领土上的Crevier Nobium和Tantalum项目72.5%的权益。
About Niobium
Niobium is a naturally occurring element. It is a readily available, reliable, soft 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 smarter and lower environmental impacts, while also delivering other benefits like better performance, improved safety and increased value.
关于Nb
Nb是一种自然存在的元素。它是一种容易获得、可靠、柔软的金属,具有延展性、延展性和高度耐腐蚀性。由于它增强了性能和功能,Nb在汽车、结构和能源部门的广泛材料和应用中得到了广泛的应用。Nb可以改变材料。当添加到钢、玻璃和铝铸件等材料中时,Nb使它们变得更智能,对环境的影响更低,同时还具有其他好处,如更好的性能、更高的安全性和更高的价值。
Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company's plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law.
警示声明
根据加拿大证券法的规定,本新闻稿中包含的某些陈述构成前瞻性信息,包括有关公司计划的陈述。此类陈述必然基于管理层在作出陈述之日的一些信念、假设和意见,并受到许多风险和不确定因素的影响,这些风险和不确定因素可能导致实际结果和未来事件与预期或预测的结果大不相同。除非法律要求,否则如果管理层的信念、估计或意见或其他因素发生变化,公司不承担更新这些前瞻性陈述的义务。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
FOR MORE INFORMATION, CONTACT:
如需更多信息,请联系:
Paradox Public Relations Tel: (514) 341-0408 or 1-866-460-0408 jfmeilleur@paradox-pr.ca |
悖论公关 电话:(514)341-0408或1-866-460-0408 邮箱:jfmeilleur@paradox-pr.ca |
NioBay Metals Inc.
Jean-Sébastien David, P.Geo.
President & CEO
jsdavid@niobaymetals.com
NioBay Metals Inc.
Jean-Sébastien David,P.Geo
总裁兼首席执行官
邮箱:jsdavid@niobaymetals.com
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