NioBay Metals Inc. announced that, following the start of exploration work on the Foothills project, assay results confirm the presence of high TiO2 grades in massive ilmenite boulders. The Foothills project is located north of Saint-Urbain, 100 km north of Quebec City and 90 km south of Saguenay (La Baie region), Quebec. The project covers an area of approximately 285 km2 and comprises five separate claim blocks.

It covers most of the contact of the intrusive zone known as the Saint-Urbain anorthosite. Results of the first samples from the Summer 2024 exploration campaign: The samples taken were surface boulders found in the southern part of sector 1. The company has presented only those boulders with a TiO2 value greater than 35%. May 2024 prospecting area and sample location: The Company also carried out a detailed magnetic survey in the Lac aux Bleuets area.

This area, located on Séminaire de Québec land, was prioritized for its high potential, as determined by analysis of previous data and cross-referencing with artificial intelligence software (IRIS). The survey, carried out in June, showed a very strong anomaly in this sector. Drilling will be carried out on this site, subject to receiving the necessary authorizations.