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Montreal, Quebec--(Newsfile Corp. - May 20, 2025) - Nio Strategic Metals Inc. (TSXV: NIO) (OTC Pink: NIOCF) ("Nio" or the "Corporation"), a critical mineral exploration company, is pleased to announce that, further to its previous press release dated April 11, 2025, the Corporation has received acceptance from the TSX Venture Exchange (the "TSXV") and completed its shares for debt agreements (the "Debt conversion Agreements") to convert the outstanding Principal of a Loan dated February 17, 2021 in the amount of $450,000 with Nio-Metals Holdings LLC and to settle an aggregate of $45,000 of accrued services owed to certain directors and officers of the Corporation by issuing thereof an aggregate of 11,000,001 common shares in the capital of the Corporation (the "Shares") at a deemed price of $0.045 per share in accordance with the policies of the TSXV. The Debt conversion Agreements constitute Related Party Transactions within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").
