NioBay Closes $2.2 Million Charity Flow-Through Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

MONTRÉAL, July 29, 2025 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce that it has closed a non-brokered private placement financing for total gross proceeds of $2,238,231.52 (the “Offering”). Under the Offering, NioBay issued 23,808,846 units of the Company on a charity flow-through basis (the “Charity FT Units”) at a price of $0.094 per Charity FT Unit. Each Charity FT Unit consists of one common share of the Company (a “Common Share”) that qualifies as a “flow-through share” pursuant to subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) and one common share purchase warrant of the Company (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share on a non flow-through basis at an exercise price of $0.10 for a period of 24 months.

Read more at globenewswire.com