(TheNewswire)
Niocan also announces a change to its executive team insupport of the strategic plan
Montreal, Québec – TheNewswire - January 17, 2022 –Niocan Inc. (TSXV:NIO) (OTC:NIOCF) (“ Niocan ” or the“ Company ”) is pleased to announce its intention to change its namefor Nio Strategic Metals. The change would have no impact on thetrading symbol but confirms the Company’s intention to expend itsactivities to source strategic metals and minerals essential toadvancing modern life and national security in beneficiallyenvironmental, social and ethical manner.
“The new name will emphasise the Company’scommitment to its corporate objective of expanding its activities andtargeting projects with a focus on strategic minerals that can bedeveloped with a reduced environmental footprint and upholding thehighest international standards for responsible mining” said HubertMarleau, Chairman of the Board and Chief Executive Officer of Niocan.“By taking a broader and more complete view of the Company’spurpose, we can focus on creating long-term value and serve better ourinvestors, employees, communities, suppliers and customers” headded.
Niocan announces, effective January 1, 2022, theappointment of Hubert Vallée as Senior Vice President Operations toits executive team. Mr. Vallée will lead the effort to maximise valueof our assets. He joined Consolidated Thompson in 2006 and was one ofthe key officers who made this project happen. After the sale ofConsolidated Thompson Cliffs, he worked as Vice President, ProjectDevelopment for Phase II of Bloom Lake operation. He was also involvedin negotiating amicable relationships with the Innu and the Creecommunities in Sept-Iles and the James Bay area.
“The strategic plan will allow a better developmentof the existing assets to support renewed Company’s objectives”said Hubert Vallée. “I look forward to lead Niocan’s growthplan” he added.
About Niocan
Niocan is an exploration and development company, witha focus on becoming a ferroniobium producer. The Company holds a niobiumproperty in Oka, Québec and other exploration properties in theProvince of Québec. Niocan’s Oka mining property consists of miningrights comprised of 49 claims covering 2,281 acres and its GreatWhale property consists of surface and mining rights covering 24,944acres on the Hudson Bay territory.
For more information on the Company, please refer tothe Company’s public documents available on SEDAR ( www.sedar.com ).
For more information, please contact:
Hubert Marleau
Chairman, President and Chief Executive Officer
niocan.investorinformation@gmail.com
514-560-7623
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this press release.
Cautionary Statement onForward-Looking Information
This news release containsforward-looking statements and forward-looking information (together,“forward looking statements”) within the meaning of applicableCanadian securities laws. Statements, other than statements ofhistorical facts, may be forward-looking statements. Generally,forward-looking statements can be identified by the use of terminologysuch as “plans”, “expects”, “estimates”, “intends”,“anticipates”, “believes” or variations of such words, orstatements that certain actions, events or results “may”,“could”, “would”, “might”, “will be taken”,“occur” or “be achieved”, the negative of these terms andsimilar terminology although not all forward-looking statementcontains these terms and phrases. Forward-looking statements involverisks, uncertainties and other factors that could cause actualresults, performance, prospects and opportunities to differ materiallyfrom those expressed or implied by such forward-looking statements.These risks and uncertainties include, but are not limited to, therisk factors set out in Niocan’s annual and/or quarterly managementdiscussion and analysis and in other of its public disclosuredocuments filed on SEDAR at www.sedar.com, as well as all assumptionsregarding the foregoing. Although Niocan believes that the assumptionsand factors used in preparing the forward-looking statements arereasonable, undue reliance should not be placed on these statements,which only apply as of the date of this news release, and no assurancecan be given that such events will occur in the disclosed time frameor at all. Except where required by applicable law, Niocan disclaimsany intention or obligation to update or revise any forward-lookingstatement, whether as a result of new information, future events orotherwise.
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