James Bay

Project Development

The Project was originally discovered in 1966 by Consolidated Morrison Explorations and remained relatively unexplored until it was acquired by NioBay Metals in 2016. Since this acquisition, NioBay has advanced the project through modern exploration techniques, and published a mineral resources estimate (MRE) and a preliminary economic assessment (PEA) in 2020.

James Bay PEA Highlights

These PEA results indicate that the project has promising economic potential, which is supported by a significant niobium deposit. The study outlines a viable open-pit mining scenario with conventional processing methods, emphasizing both technical and economic feasibility. These factors collectively position the James Bay Niobium project as a strategic asset in the critical minerals sector, especially given the growing demand for niobium at the global level in steel alloys and lithium-ion batteries.

In October 2025, NioBay received authorization and permits from the Government of Ontario to conduct exploration at James Bay for the following three years. This will allow the company to advance a systematic drilling campaign and onsite technical work. Our technical team is now conducting an efficient, low-impact exploration program, including 10,000 metres of planned drilling to support resource growth and depth expansion.

Community relations

The Moose Cree First Nation (MCFN) and NioBay have a Protection Agreement (PA) in place that provides for transparent communication and reflects the shared commitment to environmental protection.

Since receiving its exploration permits in October 2025, NioBay has continued its ongoing dialogue with the Moose Cree First Nation, and has updated the exploration program to reflect community feedback, including the enhancement of environmental measures and wildlife considerations, as well as a full drill-site remediation plan. The company is also committed to maximizing the participation of local businesses and employees in its exploration activities.

NioBay plans to continue to work with communities who have acknowledged indigenous rights within the area of the project to mitigate potential impacts and provide a share of the potential benefits the project will create.