Nickel

Highlights

  • Initial phases of pilot plant testing successfully completed
  • Testing confirms significant improvements in both recovery and product quality from updated magnetite circuit
    • 18% improvement in iron recovery and 15% improvement in chromium recovery
    • 16% improvement in iron grade to 55%
  • Discussions underway with multiple stainless and ferroalloy producers on downstream processing partnership

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today announced the results from initial phases of pilot plant testing on 34 tonnes of material from the Company's Crawford Nickel Project with the major focus on testing an updated magnetite recovery circuit and generation of both nickel and magnetite concentrates for further downstream testing.  While the Crawford Nickel Project is primarily a nickel development project, it can produce value-generating by-products including cobalt, palladium, and platinum contained in the nickel concentrates, and iron and chromium contained in the magnetite concentrate expected to be produced from Crawford.

Mark Selby , Chair and CEO of Canada Nickel commented, "Our updated magnetite flowsheet has delivered outstanding improvements in both product quality and iron and chromium recoveries which we believe could add substantial additional value to the project.  The pilot plant performance to date has exceeded our expectations in terms of operability and production and we look forward to the completion of the work on the final phase of nickel concentrate production."

Selby continued "Today's work highlights the potential of this project to be an important producer of multiple critical minerals – nickel, cobalt, palladium, platinum and the only North American producer of chromium. We are already in multiple discussions with leading North American and European stainless and ferroalloy producers on downstream processing partnerships for processing this material who are excited by the structural advantages of our project location with its substantial infrastructure, regional history of downstream processing, access to low carbon electricity, and most importantly, the potential to capture carbon emissions using Crawford's In Process Tailings ("IPT") Carbonation Process which would facilitate zero carbon production of downstream steel and ferroalloy products"

Figure 1. Pilot Plant Magnetic Concentrate Recovery Performance (CNW Group/Canada Nickel Company Inc.)

Pilot Plant Overview

In October 2022 , Canada Nickel completed the first phase of a 34-tonne pilot demonstration of the Crawford Metallurgical Flowsheet at SGS Canada Inc. in Lakefield, Ontario . The pilot plant was initiated to evaluate the performance of the flowsheet with continuous feed as well as to generate concentrate for downstream flowsheet development work and product marketing purposes. The initial phases of testing, which is reported in this release, included the rougher level flotation stages and the magnetic recovery circuit, each of which exceeded expectations in terms of operability and production.  The remaining phase of testing, which is scheduled to be completed in November 2022 , will involve the final cleaning stages of the intermediate flotation concentrate. This release reports on the results achieved from the magnetic recovery circuit which delivered improved iron and chromium recoveries and improved concentrate grades relative to what was modelled in Crawford's Preliminary Economic Analysis ("PEA").

For the pilot exercise, five composites, ranging in size from 4 to 7 tonnes, were built from 53 samples of large diameter drill core from 19 holes to represent different lithologies and mineralization styles from across the deposit with a focus on the expected project payback period to be used in the feasibility study.  Table 1 summarizes the feed characteristics of each of the composites, the achieved iron, chromium and nickel recoveries into the magnetic concentrate, as well as the modelled recoveries that were used in the PEA with the following comments:

  • The pilot plant is delivering improved iron and chromium recoveries and at an improved concentrate grade relative to the PEA.
  • Composites tested were from both the Main and East zones across both dunite and peridotite lithologies, with nickel head grades in the range of 0.20 – 0.33% and sulphur head grades of 0.07 – 0.49%.
  • Four out of five of the composites tested achieved iron recoveries that were higher than what was modelled in the PEA, with an average improvement of 18% in recovery.
  • All five of the composites achieved or exceeded the chromium recoveries that were assumed in the PEA, with an average recovery of 31% that represents a 15% improvement in recovery.
  • Nickel recovery to the magnetic concentrate was in the range of 3 – 8% with an average of 5%. As expected, samples with a lower sulfur head grade, that contain the magnetic mineral awaruite (Ni 2.5 Fe) showed higher recoveries of nickel to the magnetic concentrate.

Table 1. Pilot Plant Recovery Summaries - Composites

Sample


Head Grades (%)

Magnetic Concentrate Recovery (%)

% Improvement vs PEA

Lithology

Ni

S

Fe

Cr

Fe

Cr

Ni

Fe

Cr

1

Dunite

0.33

0.49

6.5

0.58

45

32

3

- 2 %

+ 19 %

2

Dunite

0.30

0.27

7.0

0.50

51

32

3

+ 11 %

+ 19 %

3

Dunite

0.29

0.08

6.1

0.65

55

32

8

+ 28 %

+ 19 %

4

Dunite

0.24

0.12

6.9

0.62

59

32

4

+ 28 %

+ 19 %

5

Peridotite

0.20

0.07

7.3

0.53

57

27

7

+ 27 %

0 %







Average Improvement

+ 18 %

+ 15 %


Table 2 summarizes the composition of the final magnetic concentrates that were produced for each of the composites.  Iron grades were very consistent between 54-57% with an average iron grade across the five composites of 55%, which is 7.5 percentage points, or 16% higher than was modelled in the PEA. As expected, chromium grades across the five composites were in the range of 2.1 – 3.6% with an average of 2.8%.  While pilot plant testing used a broad base of samples focused on the payback period, final iron and chromium grades and recovery used in the feasibility study will be determined based on application of grade and recovery models derived from laboratory open circuit and locked cycle testing.  With high levels of both iron and chromium in the magnetic concentrate, this product is an excellent feed for the production of ferritic or other nickel and chrome containing steel alloys.

Table 2. Magnetite Concentrate Quality

Sample


Magnetic Concentrate Quality

(%)

Improvement versus
PEA Iron grade

Lithology

Fe

Cr

Ni

S

MgO

Absolute

%

1

Dunite

55

3.6

0.17

0.50

7.8

+ 7.5

+ 16 %

2

Dunite

57

2.5

0.14

0.18

8.2

+ 9.5

+ 20 %

3

Dunite

56

3.3

0.33

0.03

8.7

+ 8.5

+ 18 %

4

Dunite

54

2.6

0.15

0.05

9.0

+ 6.5

+ 14 %

5

Peridotite

55

2.1

0.20

0.01

8.9

+ 7.5

+ 16 %






Average Improvement

+ 7.5

+ 16 %


Stainless / Ferroalloy Downstream Discussions

The Company is already in multiple discussions with leading North American and European stainless and ferroalloy producers on downstream processing partnerships for processing this material who are excited by the structural advantages of our project location and, most importantly, the potential to capture carbon emissions using Crawford's IPT Carbonation process which would facilitate zero carbon production of downstream steel and ferroalloy products.  The Company has engaged SMR – Steel & Metals Market Research GmbH, a global leader in providing market intelligence covering specific segments or entire markets for the global Speciality and Stainless Steel Industry, to assist the Company in these endeavours.

Qualified Person and Data Verification

Arthur G. Stokreef , P.Eng (ON), Manager of Process Engineering & Geometallurgy and a "qualified person" as such term is defined by National Instrument 43-101, has reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.

About Canada Nickel

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com .

About SMR – Steel & Metals Market Research GmbH

SMR is specialized in providing market intelligence, covering specific segments or entire markets of the global stainless and special steel industry. Since its foundation in 1994 by Markus Moll , SMR has been devoting itself to its three core competences: market studies, market reports and the organization of conferences & seminars. The results of SMR's research projects are based on a vast scale data-collection, compiling present and historical information about the supply side (production), trade (exports and imports) and demand side (consumption) of the specific steel products in question. Through the company's Stainless Club SMR offers 24/7 access to up-to-date market data, prices and strategic analysis for the stainless steel industry to their customer base, which comprises of leading specialty steel producers, traders as well as their raw material and technology suppliers.

Cautionary Note and Statement Concerning Forward Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, Iron and chromium recoveries from the study, the carbon capture approach could allow production of Net Zero nickel and generation of an additional  tonnes of CO 2 credits per tonne of nickel produced after offsetting all emissions, the  potential to turn nickel mine into a generator of carbon credits rather than generator of carbon emissions, the production of estimated average of 710,000 tonnes of carbon credits annually and 18 million total tonnes of CO 2 of credits over expected life of mine at Crawford, the ability to monetize carbon credits, the ability to quantify carbon capture, emission estimates, the brucite content of the deposit, the scalability of the process, the metallurgical results, the timing and results of the feasibility study, the results of Crawford's PEA,  size and ranking of project upon achieving production, economic return estimates, the timing and amount of estimated future production and capital, operating and exploration expenditures and potential upside and alternatives. Readers should not place undue reliance on forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The PEA results are estimates only and are based on a number of assumptions, any of which, if incorrect, could materially change the projected outcome. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable.

Although Canada Nickel has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

CNC Logo (CNW Group/Canada Nickel Company Inc.)

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SOURCE Canada Nickel Company Inc.

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Canada Nickel Announces Improvements to Accelerated CO2 Capture Process

Canada Nickel Announces Improvements to Accelerated CO2 Capture Process

Highlights

  • Recent test work accelerates carbon capture by three times and achieves majority of carbon capture in just 24 hours
  • Simple carbon capture approach could allow production of Net Zero Nickel and generation of 21 tonnes of CO 2 credits per tonne of nickel
  • Crawford Project could produce an estimated average of 710,000 tonnes of CO 2 credits annually and 18 million total tonnes of CO 2 credits over expected life of mine

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today announced the results of further laboratory test results that build on the success of initial work on the In Process Tailings ("IPT") Carbonation Process, which is a novel method for accelerated carbon capture that the Company believes has transformative potential.

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Canada Nickel Closes Previously Announced US$10 Million Loan Facility with Auramet International, Inc.

Canada Nickel Closes Previously Announced US$10 Million Loan Facility with Auramet International, Inc.

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced that it has closed a secured loan facility with Auramet International, Inc. ("Auramet") of US$10 million previously announced on September 29, 2022 . The proceeds will allow the Company to execute post feasibility study work on permitting and detailed engineering which is advantageous to complete during the coming winter months and allows the Company to remain well-funded as it continues to aggressively advance the project.

Canada-Nickel-Company-Logo (CNW Group/Canada Nickel Company Inc.)

The loan will be due January 18, 2023 , will carry an interest rate of 1.00% per month, and be subject to a 2% arrangement fee. At closing, Auramet will also receive 325,000 1-year warrants with a strike price of $1.52 per share. The loan will be subject to such terms and conditions including certain specified positive and negative covenants that are customary for a transaction of this nature. The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws.

About Auramet

Auramet is one of the largest physical precious metals merchants in the world with over $20 billion in annual revenues and provides a full range of services to all participants in the precious metals chain, from extraction and production to manufacturing and consumption. Auramet is a private company established in 2004 by a team who had worked previously together since 1989. Their business is comprised of three main activities: physical metals trading, metals merchant banking and advisory. Auramet has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector.  Auramet purchases tens of millions of ounces of gold, silver and PGMs sourced from a diversified base of mining companies, recycling companies and refineries/smelters.  Auramet has also provided term financing facilities in excess of $950 million to date in the mining sector and is looking to grow its capital investment business in the precious metals and battery-related metals mining space.  In 2022, Auramet received a Gold Metal Sustainability Rating from Ecovadis, a global leader in business sustainability ratings.

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com .

For further information, please contact:

Mark Selby
Chair and CEO
Phone: 647-256-1954
Email: info@canadanickel.com

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation.  Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the potential of the Crawford Nickel Sulphide Project and the Properties, timing of economic studies and mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development results, and corporate and technical objectives.  Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information.  Factors that could affect the outcome include, among  others:  future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise  the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities  (known  and  unknown), general business, economic, competitive, political and social uncertainties, results of  exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain  regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation to the Company's  business operations including upon its employees, suppliers, facilities and other stakeholders.  There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.  Accordingly, readers should not place undue reliance on forward-looking information.  All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof.  Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law.

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SOURCE Canada Nickel Company Inc.

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Canada Nickel Provides Project Update and Announces US$10 Million Loan Facility

Canada Nickel Provides Project Update and Announces US$10 Million Loan Facility

Canada Nickel Company Inc. ("Canada Nickel" or "The Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to provide an update on the Crawford project and its financing activities.

Canada-Nickel-Company-Logo (CNW Group/Canada Nickel Company Inc.)

"The Company remains on track to deliver the feasibility study for Crawford by year-end. The study work is approximately 85% complete and the company is confident in its outcome.  This financing will allow us to execute post feasibility study work on permitting and detailed engineering that is advantageous for us to complete during the coming winter months and allows us to remain well-funded as we continue to aggressively advance the project" said Mark Selby , Chair and CEO of Canada Nickel.

Loan Facility

The Company has arranged a US$10 million loan facility with Auramet which is expected to close on or before October 14 , 2022.  The loan will be due January 14, 2023 , will carry an interest rate of 1.00% per month, and be subject to a 2% arrangement fee. At closing, Auramet will also receive 325,000 1-year warrants with a strike price of $1.52 per share.   The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws.  The closing of the loan facility is subject to customary conditions including the approval of the TSX Venture Exchange.

About Auramet

Auramet is one of the largest physical precious metals merchants in the world with over $20 billion in annual revenues and provides a full range of services to all participants in the precious metals chain, from extraction and production to manufacturing and consumption. Auramet is a private company established in 2004 by a team who had worked previously together since 1989. Their business is comprised of three main activities: physical metals trading, metals merchant banking and advisory. Auramet has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector.   Auramet purchases tens of millions of ounces of gold, silver and PGMs sourced from a diversified base of mining companies, recycling companies and refineries/smelters.  Auramet has also provided term financing facilities in excess of $900 million to date in the mining sector and is looking to grow its capital investment business in the precious metals and battery-related metals mining space.  In 2022, Auramet received a Gold Metal Sustainability Rating from Ecovadis, a global leader in business sustainability ratings.

Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has successfully registered and applied for trademarks in various jurisdictions for NetZeroNickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com .

Contact:
Mark Selby , Chair and CEO
Phone: 647-256-1954
Email: info@canadanickel.com

Cautionary Statement Concerning Forward Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, the metallurgical results, the timing and results of the feasibility study and the timing and completion of the loan facility. Readers should not place undue reliance on forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The PEA results are estimates only and are based on a number of assumptions, any of which, if incorrect, could materially change the projected outcome. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable.

Although Canada Nickel has attempted to identify important factors that could cause actual actions,events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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SOURCE Canada Nickel Company Inc.

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Canada Nickel Confirms Large Scale Discovery at Reid, Provides Regional Exploration Update

Canada Nickel Confirms Large Scale Discovery at Reid, Provides Regional Exploration Update

Highlights

  • Current drilling confirms large scale discovery at Reid – delineated mineralized footprint already 90% of Crawford footprint of 1.6 km 2 which contains the fifth largest Measured & Indicated sulphide resource globally of 3.5 million tonnes of contained nickel
  • Regional drilling continues to validate geophysical targeting approach highlighting potential from 42 km 2 of geophysical targets
  • Latest assays from Deloro include DEL22-05 intersecting 394 metres of 0.26% nickel

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today confirmed a large-scale discovery at its Reid property, and positive drilling results at other regional targets as a result of its ongoing regional exploration drilling campaign.

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Canada Nickel Company to Webcast Live at Virtual Battery Metals Investor Conference August 23rd  

Canada Nickel Company to Webcast Live at Virtual Battery Metals Investor Conference August 23rd  

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) based in Toronto, Canada, focused on advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel market, today announced that Mark Selby (Chair and CEO), will present live at VirtualInvestorConferences.com on August 23rd, 2022. This battery metals focused event is co-sponsored by Virtual Investor Conferences and Independent Investment Research LLC.

DATE: August 23rd, 2022
TIME: 1:00 PM ET
LINK: https://bit.ly/3JSF8GE

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Court Date Has Been Scheduled for Aznalcóllar Criminal Trial

Court Date Has Been Scheduled for Aznalcóllar Criminal Trial

Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") announces that the Third Section of the Provincial Court of Seville (the "Court") has set March 3, 2025 as the date for the criminal trial on the alleged crimes committed during the process of awarding the Aznalcóllar tender. The trial is an oral hearing that is expected to be completed on July 15, 2025.

The Court has reserved up to 40 sessions including days in March, April, May, June and July 2025. The oral trial has been scheduled at 10:00 AM (local Seville time) on the following days:

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1844 Announces Clarification to Press Release Issued November 23, 2022

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1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces a clarification to its press release entitled "Completes Public Offering of Common Shares" issued on November 23, 2022 (the "Initial Press Release").

The Initial Press Release used the phrase "syndicate of selling brokers". For clarification, Leede Jones Gable Inc. was the sole agent and book runner for the offering, and there were no member firms that formed a syndicate. This clarification does not change any other information reported in the Initial Press Release.

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1844 Completes Public Offering of Common Shares

1844 Completes Public Offering of Common Shares

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") is pleased to announce that it has closed its previously announced best efforts public offering of 10,164,000 common shares in the capital of the Company (the "Common Shares") at a price of $0.05 per Common Share for aggregate gross proceeds of $508,200 (the "Offering"). For further details on the Offering, see the Company's news release dated July 21, 2022.

The Offering was conducted by Leede Jones Gable Inc. (the "Lead Agent") and included a syndicate of selling brokers, including Raymond James Ltd., Richardson Wealth, Echelon Wealth Partners Inc. and Equity Capital Markets Compensation Securities (collectively with the Lead Agent, the "Agents"). On closing of the Offering (the "Closing"), the Company issued to the Agents an aggregate of 813,120 non-transferable compensation options (the "Agent's Options"), with each Agent's Option entitling the holder to purchase one Common Share at a price of $0.05 per Common Share for 36 months from the date of issuance. In connection with the Offering, the Company also paid to the Agents a cash commission of $40,565, being 8.0% of the gross proceeds of the Offering, and a corporate finance fee of $25,000.

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WESTERN COPPER AND GOLD ANNOUNCES EXTENSION OF RIO TINTO'S RIGHTS

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Rights associated with the Investor Rights Agreement have been Extended

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN); (NYSE American: WRN) announces that Rio Tinto Canada Inc. ("Rio Tinto") has exercised its right to extend certain rights under the investor rights agreement (the "Agreement") between the Company and Rio Tinto dated May 28, 2021 .

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Fabled Copper Announces Results of Annual General Meeting

Fabled Copper Announces Results of Annual General Meeting

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces that all proposed resolutions were approved at the Company's Annual General Meeting of Shareholders held on October 27, 2022

Shareholders voted in favor of all the resolutions proposed by the Board of Directors and management of the Company. A total of 23,250,379 common shares were voted, representing 13.39% of total shares issued and outstanding as of the record date.

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Renforth Raises an Oversubscribed Total of $1,558,100

Renforth Raises an Oversubscribed Total of $1,558,100

(TheNewswire)

Renforth Resources Inc.

November 23, 2022 TheNewswire - Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") announces that the previously announced private placement has closed oversubscribed, with a total of $1,558,100 gross funds raised in a combination of flow through and non-flow through funds. The Company has closed the final tranches of the previously announced non-brokered private placement for additional gross proceeds of C$869,300 from the sale of 580,000 non-flow through units of the Company at a price of C$0.035 per unit and 21,225,000 flow-through units of the Company at a price of C$0.04 per flow-through unit. Each non-flow through unit consisted of one common share of the Company and one common share purchase warrant. Each flow through unit consisted of one common share to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one half of one warrant. Each whole warrant entitles the holder to purchase one common share at a price of C$0.06 for a period of 24 months following the distribution date. In connection to this tranche of the financing, the company paid a cash commission of $44,850 and issued 1,207,000 finders warrants. The finders warrants are exercisable at a price of C$0.06 for a period of 24 months.

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