Business
Corporate Update of NioBay Metals Activities
MONTREAL, Dec. 14, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the completion of
About this update from Niobay Metals Inc.
[{"type":"text","content":" MONTREAL, Dec. 14, 2022 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the completion of the exploration work on the “extension” at the Crevier Project (the “Crevier Extension”), its participation in a research project with the University of Quebec at Trois-Rivières (“UQTR”) and its implication with the Minister's Mining Industry council (“MMIC”) in Ontario. Completion of exploration work at the Crevier Extension The Company completed the 2022 drilling campaign on the Crevier Extension (the “Drilling Campaign”). The exploration work was carried out within the planned schedule and the initial plan was to drill 12 holes (3,250 metres). The Drilling Campaign ended with a total of 4,000 metres spread over 10 holes. The modification to the planned campaign was dictated by observations made in the field throughout the campaign and the Company expects to receive laboratory results by the end of the year. Reception of the petrographic report The Company received a petrographic report (digital petrography of 6 polished thin section with artsection technology) from IOS Services Géoscientifiques to identify the minerals encountered in certain mineralized zones from the Drilling Campaign. This report indicates that Niobium (“Nb”)-bearing minerals were detected. These are: pyrochlore, Ellsworthite, pyrochlore-microlite, rutile-Nb, illmenite and titanite. Carbonates and feldspathoids of interest were also identified such as: carbonate-REE, burbankite, nepheline and sodalite. The complete report will be posted on our website. In order to offset the 81.3 t CO2 eq. in greenhouse gas (GHG) emitted during the Drilling Campaign, Niobay made a contribution to Carbone Boréal (https://carboneboreal.uqac.ca) who will compensate by planting 584 trees in the province of Quebec. NioBay and UQTR research project NioBay is proud to announce its participation in a research project with UQTR. This project will focus on the “Development of a new porous niobium-based transport layer for water electrolysis by proton exchange membrane”. Hydrogen is one of the most efficient energy carriers and can be produced by various methods. Among them, proton exchange membrane water electrolyzer (“PEMWE”) is considered the most promising technique to produce very pure hydrogen fr...