In this episode, Michael Fox and Jean Sebastien David, President and CEO of NioBay Metals (TSX-V: NBY) (OTCQB: NBYCF), delve into the company’s historical background and its strategic focus on critical minerals.

Key Discussion Points

• Company Overview: NioBay Metals has been listed on the Montreal Stock Exchange since 1954 and currently owns three key assets: the James Bay Niobium Project, a pure niobium venture; the Crevier Project, which involves both niobium and tantalum; and an option on a titanium project in Quebec.

• Shift to Niobium: David emphasized the company’s pivot towards niobium, a metal known for strengthening steel and its emerging applications in the battery industry. NioBay is constructing a pilot plant in Quebec City to process materials from the Crevier Project, aiming to produce 100 kilos of niobium oxide by August.

• Market Dynamics: The discussion highlighted the current market landscape, characterized by a near-monopoly with only two suppliers—one from China and another from Brazil. With China cutting off supplies to the West, demand has surged, allowing Brazilian supplier CBMM to potentially increase prices.

• Site Progress and Community Engagement: David noted that activity at the NioBay site in Ontario is ramping up following previous political challenges. The project is expected to positively impact the Moose Bay community by creating jobs and fostering local development. He stressed the importance of collaboration with local stakeholders.

• Pilot Plant Funding: The pilot plant project has received $500,000 from the provincial government. David discussed how this initiative could diversify the local economy, especially in light of recent sawmill closures.

• Future Plans: Looking ahead to 2025, NioBay plans to invest in both the Crevier and titanium projects while continuing to produce bulk samples for potential clients.

This episode provides valuable insights into NioBay Metals’ strategic direction in the critical minerals sector amid shifting market dynamics.

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 on ancestral lands we operate. In addition to others properties, NioBay 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 Québec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. The Company has also the option to acquire an 80% interest in the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Quebec.

NioBay is a company focused on exploration, development and use of critical green metals with an Environmentally, Sustainable, Governance, and Indigenous (ESGI) focus.

NioBay Metals