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NioBay Metals (TSXV:NBY) provides an update on its James Bay Niobium Project drill program

Mining
TSXV:NBY
27 August 2021 10:30 (EDT)

NioBay Metals (NBY) has awarded a drilling contract to G4 Drilling.

G4 will complete up to 12,000 meters of drilling beginning in Q4, 2021. The program is to be completed in Q1, 2022. G4 will be supported by Expedition Helicopters Inc. to establish a small exploration camp to reduce the carbon footprint of helicopter use and to improve the drilling efficiency.

Both G4 and Expedition have joint venture business relationships with Moose Cree registered businesses.

Moose Cree and NioBay have signed a renewed and restated Protection Agreement for the exploration permit issued by the Ontario Ministry of Energy, Northern Development and Mines.

NioBay Metals has approved the grant of an aggregate of 1,425,000 incentive stock options to directors, officers, employees, and consultants. The stock options have been granted pursuant to the company’s stock option plan.

NioBay is a Canadian mineral exploration company focused on developing the James Bay Niobium project, a world-class niobium deposit located in the James Bay region in Ontario. 

Niobay Metals Inc. (NBY) opened trading at C$0.52 per share.

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