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NioBay Announces a New Resource Estimate on Its Crevier Project
MONTRÉAL, Feb. 25, 2026 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V NBY) (OTCQB: NBYCF), is proud to provide a new resource estimate (the “2026 MRE”) for the Crevier niobium (Nb) and tantalum (Ta) project (the “Crevier Project”), which is 72.5% owned by NioBay and 27.5 % by Niobec (a subsidiary of Magris Performance Materials Inc.). The Crevier Project is located approximately 50 km north of the town of Girardville and approximately 150 km from the Niobec mine. It l
About this update from Niobay Metals Inc.
MONTRÉAL, Feb. 25, 2026 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V NBY) (OTCQB: NBYCF), is proud to provide a new resource estimate (the “2026 MRE”) for the Crevier niobium (Nb) and tantalum (Ta) project (the “Crevier Project”), which is 72.5% owned by NioBay and 27.5 % by Niobec (a subsidiary of Magris Performance Materials Inc.). The Crevier Project is located approximately 50 km north of the town of Girardville and approximately 150 km from the Niobec mine. It lies within the Nitassinan (or ancestral territory) of the Pekuakamiulnuatsh, whose main population centre is Mashteuiatsh. Overview of the 2026 MRE The Company engaged IOS Geoscientific Services to update its 2010 resource estimate (the “2010 MRE”). The work was carried out and completed in accordance with NI 43-101 regulations and is based on an estimate of resources completed February 2026, including a calculation based on an optimized pit. In addition, a major revision of production costs was performed, thereby providing a more robust economic model. The final technical report is expected to be filed on SEDAR in line with regulation in place. It will include an analysis of various selling price scenarios based on marketing niobium as a specialty product, rather than on an Nb₂O₅ basis. Besides the review of historic drill results, the 2026 MRE incorporates additional drilling completed in 2022, 2023, and 2025, as well as the results of metallurgical tests conducted in 2025 on a bulk sample. This new estimate made it possible to convert 16,257,000 tons at 0,17 Nb₂O₅ and 201 ppm Ta₂O₅ into measured resources, whereas no measured resources had been defined in the previous estimate. Comparative Parameters of 2010 MRE vs. 2026 MRE 2010 MRE 2026 MRE Scenario for a pit at US$82/kg of Nb A Word from the President and CEO of NioBay Metals “We are pleased to present this updated resource estimate for the Crevier project, a key milestone for continuing our discussions with potential clients and partners. The results and methodologies used make this estimate significantly more robust. This new resource provides an excellent basis for planning future fieldwork,” said Jean-Sébastien David, P.Geo., President and CEO of NioBay. Following studies demonstrating positive technical and economic parameters, the Crevier project could be exclusively dedicated to the pro...
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