The Private Placement is subject to the approval of the TSX Venture Exchange (the "TSXV"). There can be no guarantee that the Private Placement will be completed on the terms outlined above, or at all. The completion of the Private Placement will be subject to further closing conditions, including compliance with all applicable TSXV policies or requirements. About Nio Strategic MetalsNio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements.