Company Description
NioBay Metals Inc. (OTCQB: NBYCF) is a Canadian mineral exploration company active in the all other metal ore mining industry within the broader mining, quarrying, and oil and gas extraction sector. The company is focused on critical and strategic minerals, with a particular emphasis on niobium, and describes itself as an Environmental, Sustainability, Governance and Indigenous inclusion (ESGI) company. NioBay Metals is also listed on the TSX Venture Exchange under the symbol NBY.
According to company disclosures, NioBay Metals was originally founded in the 1950s in Quebec’s Abitibi region and was previously known as MDN. Over time, it has evolved into a mineral exploration business with a portfolio of projects in Quebec and Ontario. The company states that its management team offers a diversified set of expertise in critical and strategic minerals, with niobium as a core focus.
Business focus and ESGI approach
NioBay Metals presents its strategy around the development of mine(s) with low carbon consumption and responsible water and wildlife management practices. In its public communications, the company emphasizes the importance of the environment, social responsibility, good governance, and the inclusion of all stakeholders. It highlights that a top priority for any project is the consent and full participation of Indigenous communities in whose territories and ancestral lands it operates.
The company describes its vision as becoming a leader in Environment, Sustainability, Governance and Indigenous inclusion, supporting the development of what it calls "smart mine(s)". This includes a stated focus on low carbon consumption and responsible management of natural resources at its exploration and potential development sites.
Key projects and mineral interests
NioBay Metals reports several principal mineral interests and options in Canada:
- James Bay Niobium Project (Ontario) – NioBay holds a 100% interest in the James Bay Niobium Project. The project is located approximately 45 km south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. The company repeatedly highlights this project as a core niobium asset.
- Crevier Niobium and Tantalum Project (Québec) – NioBay holds a 72.5% interest in the Crevier niobium and tantalum project. This project is located in Québec on the Nitassinan territory of the Pekuakamiulnuatsh First Nation (also referenced as Pekuakaminulnuatsh First Nation in some disclosures).
- Foothills Titanium-Phosphate Project (Québec) – The company has an option to acquire an 80% interest in the Foothills project, described as a titanium-phosphate project located near the former St-Urbain mine site in Québec. NioBay has characterized this project as having potential for the discovery of critical and strategic metals.
- Gouin East and Gouin West Properties (Québec) – Under an option agreement with Les Ressources Tectonic inc., NioBay may acquire a 100% interest in two large properties, Gouin East and Gouin West, which show potential for niobium discovery. These properties are located about 150 km south of Chibougamau, Québec, and cover magnetic anomalies that the company notes are similar in size and structure to the anomaly over the Niobec Mine. The company describes these properties as part of its "green" portfolio and aligned with its vision to be a key player in green metals supporting a low carbon economy.
- Chibougamau Region Joint Venture (Québec) – NioBay has disclosed a 48% direct participation in mineral titles in the Chibougamau region of Québec under a joint venture agreement with SOQUEM.
Niobium and critical minerals orientation
NioBay Metals consistently highlights niobium as a central element of its strategy. In its communications, the company has referred to niobium as a "metal of the future" and positions its portfolio around niobium and other critical and strategic minerals. The company’s projects, such as James Bay and Crevier, are explicitly described as niobium or niobium-tantalum projects, while Foothills and the Gouin properties are presented as having potential for critical and strategic metals, including niobium.
Indigenous partnerships and community focus
A recurring theme in NioBay’s public statements is the role of Indigenous communities in its project areas. The company states that its top priority is the consent and full participation of Indigenous communities on whose territories and ancestral lands it operates. This includes:
- Moose Cree Traditional Territory for the James Bay Niobium Project in Ontario.
- Nitassinan territory of the Pekuakamiulnuatsh (or Pekuakaminulnuatsh) First Nation for the Crevier project in Québec.
- Territory of the Opitciwan Atikamekw First Nation in relation to the Gouin East and Gouin West properties.
The company connects this focus with its ESGI positioning, combining environmental, social, governance, and Indigenous inclusion considerations in its approach to mineral exploration and potential mine development.
Corporate history and identity
NioBay Metals notes that it was previously known as MDN and traces its origins to a company founded in the 1950s by Laurent Savard in Quebec’s Abitibi region. Over time, the company’s identity and portfolio have shifted toward critical and strategic minerals, with niobium as a focal point. It describes itself as a Canadian mineral exploration company with management expertise in critical and strategic minerals and a stated goal of capitalizing on a variety of projects in Quebec and Ontario.
Engagement with the mining investment community
NioBay Metals regularly participates in mining and investor conferences. The company has announced participation in events such as:
- THE Mining Investment Event in Québec City, described as Canada’s only Tier 1 global mining investment conference, where NioBay’s management meets with investors over several days.
- The Prospectors & Developers Association of Canada (PDAC) Convention in Toronto, where NioBay hosts a booth and engages with attendees from the mineral exploration and mining industry.
- Virtual investor conferences, where company representatives present on topics such as "Niobium - Metal of the Future" and interact with investors in real time.
Through these activities, NioBay seeks dialogue with investors, industry participants, and other stakeholders interested in mineral exploration and critical minerals projects.
Stock information and jurisdiction
NioBay Metals Inc. trades on the TSX Venture Exchange under the symbol NBY and on the OTCQB market in the United States under the symbol NBYCF. The company is based in Canada and operates mineral projects in the provinces of Québec and Ontario. Its industry classification, as provided, is All Other Metal Ore Mining within the Mining, Quarrying, and Oil and Gas Extraction sector.
Summary
In summary, NioBay Metals Inc. is a Canadian mineral exploration company focused on niobium and other critical and strategic minerals, with key projects in Ontario and Québec. The company emphasizes ESGI principles, particularly Indigenous inclusion and responsible resource management, and holds interests or options in several niobium, niobium-tantalum, titanium-phosphate, and other mineral properties. Its activities include advancing these projects and engaging with the global mining and investment community through conferences and investor events.
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No SEC filings available for Niobay Metals.