NioBay Metals Announces Closing of Brokered Life Offering and Concurrent Private Placement for Gross Proceeds of C$8.9 Million

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MONTREAL, Dec. 18, 2025 (GLOBE NEWSWIRE) -- NioBay Metals Inc. (TSX-V: NBY) (“NioBay” or the “Corporation”), is pleased to announce the closing of its previously announced “best efforts” private placement (the “Brokered Offering”) for aggregate gross proceeds of C$8,497,990.20, which includes the exercise of the agent’s option. The Brokered Offering is comprised of the sale of (i) 12,277,430 units of the Corporation (each, a "Unit") at a price of C$0.14 per Unit (the "Unit Price"), (ii) 28,306,250 flow-through units of the Corporation (each, a "FT Unit") at a price of C$0.16 per FT Unit, and (iii) 10,715,000 flow-through units of the Corporation sold to charitable purchasers (each, a "Charity FT Unit") at a price of C$0.21 per Charity FT Unit. Red Cloud Securities Inc. (“Red Cloud”) acted as sole agent and bookrunner in connection with the Brokered Offering. Concurrent to the Brokered Offering, the Company has closed a non-brokered private placement of 2,296,250 FT Units at a price of C$0.16 per FT Unit, for gross proceeds of C$367,400 (the “Concurrent Private Placement” and together with the Brokered Offering, the “Offering”).