NioBay Announces New Resource Estimate for 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 lies within the Nitassinan (or ancestral territory) of the Pekuakamiulnuatsh, whose main population centre is Mashteuiatsh.

NioBay Metals Inc. has announced a new resource estimate for its Crevier Project, located in Quebec, Canada. This update signifies a crucial step forward for the company as it aims to advance the development of the project. The Crevier Project is known for its high-grade niobium and tantalum deposits, which are essential components in various high-tech applications.

The updated resource estimate reveals a significant increase in the tonnage and contained metal compared to previous estimates. The newly reported figures provide greater confidence in the economic viability of the project. NioBay's management is optimistic about the prospects of Crevier, especially given the growing demand for niobium and tantalum in industries such as aerospace, electronics, and renewable energy.

This new estimate was derived from extensive drilling and sampling conducted in the area, which has confirmed the presence of substantial mineralization. The company is committed to continuing its exploration efforts and believes that further drilling could increase the resource further, particularly in unexplored areas of the project site.

NioBay Metals is working diligently to enhance its understanding of the geological framework of the Crevier site, as this knowledge will be crucial for optimizing future extraction and production strategies. The strategic positioning of the Crevier Project also benefits from its proximity to existing infrastructure, which may help reduce capital and operational costs.

The projections for market demand suggest that niobium will see significant increases in usage due to its application in the production of high-strength steel and other alloys. This aligns with global trends toward lightweight materials and sustainable practices in manufacturing, positioning NioBay favorably within the market landscape.

In summary, the new resource estimate for the Crevier Project marks a pivotal moment for NioBay Metals. The company is poised to capitalize on the rising demand for niobium and tantalum and is committed to exploring the full potential of its resources. The CEO expressed confidence in the project’s future, indicating that upcoming steps will focus on feasibility studies and potential partnerships to further advance the Crevier Project.