Business
NioBay Announces a New Member to Its Board of Directors
MONTRÉAL, March 26, 2025 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or t...
About this update from Niobay Metals Inc.
[{"type":"text","content":"NioBay Announces a New Member to Its Board of Directors\n\n\n\n MONTRÉAL, March 26, 2025 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the appointment of Mr. Laurence Farmer to the Board of Directors, in replacement of Mr. Mathieu Savard who has resigned as a director of the Company on March 25, 2025. The Company wishes to thank Mr. Savard for his work and dedication over the years and wishes him well in his future endeavors as President, CEO and Director of Vior Inc.\n \n\n Since July 2022, Laurence Farmer acts as General Counsel, Vice President, Strategic Development and Corporate Secretary of Osisko Development Corp. Mr. Farmer has over 10 years of cross-border M&A, finance and capital markets advisory experience, first as a corporate lawyer with Norton Rose Fulbright in Montreal, Canada, and London, England, and then as an investment banker with RBC Capital Markets in London, England. Over his career in mining and metals, Mr. Farmer has participated in the origination, structuring and execution of deals totaling over US$20 billion. Mr. Farmer is also Co-Founder and CEO of Electric Elements Mining Corp., a private precious and critical metals project generator that was spun-out of Osisko Development in November 2023. Mr. Farmer holds a Bachelor of Civil Law and Juris Doctor (B.C.L./JD) from McGill University and is a member of the Québec Bar Association.\n \n\n In addition, the Company has approved the grant of 50,000 incentive stock options to Mr. Farmer. One third of such stock options will vest immediately and the remaining stock options are subject to a two year vesting period. They have a seven-year term at an exercise price of $0.055. 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.\n \n\n\n About NioBay Metals Inc.\n \n\n\n 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 commu...