Niobay Metals Provides a Corporate Update

 

MONTREAL, April 27, 2018 (GLOBE NEWSWIRE) -- Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V:NBY) is pleased to announce the filing of its 2017 annual financial statements, the date of its AGM and the grant of stock options.

Filing of the Company’s annual consolidated financial statements and MD&A

Earlier today, Niobay has filed its audited consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2017 on SEDAR (www.sedar.com) and on its website.

Date of annual meeting and record date

Niobay will hold its annual general meeting of shareholders on June 6, 2018. The record date for shareholders entitled to vote at the meeting has been fixed at April 30, 2018.

Grant of stock options

The Company has approved the grant of 1,650,000 incentive stock options to directors, officers, employees and consultants of the Company at an exercise price of $0.25 per share. All of the stock options will be vesting over a period of two years and, if not exercised, will expire five years from the date of the grant. The stock options have been granted pursuant to the Company’s Stock Option Plan and are subject to applicable securities laws and TSX Venture Exchange policies.

About NioBay Metals Inc.

NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium property in Ontario, Canada. In addition, NioBay holds an option to acquire an interest of up to 65% in the La Peltrie gold project in northern Quebec, a 49% direct participation in certain mineral titles located in the Chibougamau region, Quebec, under a joint venture agreement with SOQUEM, and a 72.5% interest in the Crevier niobium and tantalum project, located in Quebec.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

For more information, contact:

Claude Dufresne, P.Eng.
President & CEO
NioBay Metals Inc.
Tel.: 514 866-6500, Ext. 2221
Email: cdufresne@niobaymetals.com
Website: www.niobaymetals.com