Canada Nickel Confirms High Grade Near-Surface Mineralization at Texmont

Highlights

Nine of first twelve holes with intervals of greater than 1% nickel
First twelve holes confirm high grade mineralization over 400 metres of strike length that remains open to the north and at depth
High grade intervals within thick mineralized sections include:
Hole 22-03: 5.2 metres of 2.60% nickel within 21.0 metres of 1.22% nickel within 91.5 metres of 0.50% nickel from 58.5 metres
Hole 22-06: 4.0 metres of 2.43% nickel within 12.0 metres of 1.45% nickel within 28.0 metres of 0.77% nickel from 76.5 metres

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced assay results from the first twelve holes of its initial drill program at the Texmont property that confirm high grade, near-surface nickel mineralization. Texmont is located 36 kilometres south of Timmins .

The Company has drilled a total of 39 holes and 9,670 metres, completing its initial phase to support the development of a mineral resource at Texmont expected to be delivered later this year.

Mark Selby , Chair & CEO of Canada Nickel Company, said, "We are excited by the results of our initial phase of drilling and assay results at Texmont which confirm our thesis of near-surface, high grade intervals of nickel that is present within thick mineralized sections, which support the potential for near-term, smaller scale, open pit production. This near-term production potential is highly complementary to our large-scale Crawford and regional nickel sulphide project."

Texmont Nickel Property

The Texmont Property is located 36 kilometres south of Timmins . It is considered to be a komatiite flow rather than a dunite sill with sections of highly mineralized peridotite and dimensions approximately 1.2 kilometres long by up to 150 metres wide (see Figure 1).

Canada Nickel has drilled 39 drill holes to date, 34 of which targeted the known mineralization and five of which targeted a possible north extension (Figure 2). This news release contains the assay results from the first 12 holes totaling 3,204 metres (see Tables 1,2). Historic drilling confirms the mineralization pinches out to the south but remains open to the north and at depth. Further drilling to the north of the former mine shaft intersected thick sections of mineralized peridotite but assay results are not yet available. This drilling is expected to be incorporated, along with historic drilling by Fletcher Nickel (which drilled 28,883 metres from 2006-2008) into an initial resource estimate to be released later this year.

Table 1: Texmont exploration drilling results high grade highlights

Hole ID	From	To	Length*	Ni	Co	Pd	Pt	S
	(m)	(m)	(m)	( %)	( %)	(g/t)	(g/t)	( %)
TEX22-01	22.0	44.1	22.1	0.52	0.01	0.042	0.036	0.34
TEX22-02	10.5	56.2	45.7	0.55	0.02	0.041	0.033	0.45
*Including*	27.0	33.0	6.0	1.08	0.03	0.094	0.079	0.66
TEX22-03	58.5	150.0	91.5	0.50	0.01	0.031	0.023	0.45
*Including*	129.0	150.0	21.0	1.22	0.03	0.108	0.070	1.09
*Including*	138.8	144.0	5.2	2.60	0.06	0.265	0.226	2.46
*And*	131.0	132.0	0.5	6.85	0.16	0.513	0.055	5.97
TEX22-04	127.3	161.5	34.2	0.56	0.02	0.046	0.046	0.33
*Including*	145.5	151.0	4.4	0.99	0.03	0.073	0.056	0.61
TEX22-05	201.0	226.0	25.0	0.48	0.02	0.036	0.028	0.54
*including*	219.0	226.0	7.0	0.74	0.02	0.063	0.048	0.85
TEX22-06	76.5	105	28.5	0.77	0.02	0.065	0.071	0.91
*including*	82.5	94.5	12.0	1.45	0.04	0.137	0.156	1.74
*including*	88.0	92.0	4.0	2.43	0.06	0.246	0.314	2.94
*including*	90.1	90.6	0.5	10.6	0.25	1.200	1.680	12.4
TEX22-07	106.5	132.0	25.5	0.50	0.02	0.030	0.024	0.61
*including*	106.5	114.0	7.5	0.79	0.02	0.068	0.046	0.97
TEX22-08	70.7	84.0	13.3	0.51	0.02	0.033	0.024	0.48
*including*	70.7	74.0	3.3	1.12	0.03	0.097	0.065	1.13
TEX22-11	93.0	139.5	46.5	0.57	0.02	0.036	0.033	0.67
*including*	94.5	109.5	15.0	1.06	0.03	0.081	0.073	1.32

* True widths are unknown

Table 2: Texmont exploration drilling results - downhole average

Hole ID	From	To	Length*	Ni	Co	Pd	Pt	Cr	Fe	S
	(m)	(m)	(m)	( %)	( %)	(g/t)	(g/t)	( %)	( %)	( %)
TEX22-01	8.3	249.0	240.7	0.29	0.01	0.015	0.014	0.17	6.01	0.44
TEX22-02	6.0	126.0	120.0	0.34	0.01	0.021	0.019	0.12	5.35	0.47
TEX22-03	1.8	150.0	148.2	0.40	0.01	0.021	0.017	0.14	5.26	0.39
TEX22-04	127.3	307.5	200.2	0.31	0.01	0.019	0.017	0.15	5.72	0.33
TEX22-05	39.0	401.8	362.8	0.18	0.01	0.010	0.010	0.14	6.75	0.25
Including	189.7	345.5	155.8	0.28	0.01	0.014	0.012	0.13	5.51	0.31
TEX22-06	14.2	300.0	285.8	0.24	0.01	0.013	0.014	0.11	5.97	0.37
TEX22-07	6.0	300.0	294.0	0.24	0.01	0.011	0.011	0.16	6.32	0.45
and	199.8	300.0	100.2	0.33	0.01	0.010	0.009	0.15	5.31	0.47
TEX22-08	9.3	282.0	272.7	0.22	0.01	0.008	0.008	0.15	5.77	0.28
Including	61.5	163.5	102.0	0.31	0.01	0.010	0.009	0.15	5.27	0.33
TEX22-09	9.0	252.0	243.0	0.20	0.01	0.010	0.010	0.14	6.68	0.34
Including	110.0	159.3	49.3	0.35	0.01	0.017	0.013	0.14	5.84	0.49
and	180.0	244.5	64.5	0.28	0.01	0.008	0.008	0.18	5.60	0.39
TEX22-10	7.5	255.0	247.5	0.18	0.01	0.007	0.007	0.16	6.19	0.66
Including	86.5	151.7	65.2	0.25	0.01	0.006	0.006	0.16	5.20	0.22
TEX22-11	6.6	222.8	216.2	0.28	0.01	0.013	0.014	0.18	6.37	0.41
including	93.0	222.8	129.8	0.37	0.01	0.017	0.017	0.16	5.90	0.44
and	236.1	303.0	66.9	0.25	0.01	0.008	0.009	0.15	5.51	0.28
TEX22-12	62.0	141.6	79.6	0.23	0.01	0.007	0.007	0.15	5.27	0.21
and	164.0	211.0	47.0	0.21	0.01	0.006	0.005	0.18	6.12	0.37

TEX22-01 was collared directly over komatiite, and intersected a thick sequence of mineralized peridotite, ending in strongly serpentinized dunite, with minor dykes encountered near the top of the hole. The hole averaged 0.29% Ni over 240.7 metres, including a higher-grade section of 0.52% Ni over 22.1 metres (see Table 3 for all high grade composites, and Table 4 for whole mineralized lengths).

TEX22-02 was collared 100 metres northeast of TEX22-01 and intersected mineralized komatiite 6 metres below surface, intersecting mineralized peridotite for a length of 120.0 metres until encountering gabbro at the lower contact. The hole averaged 0.34% nickel over 120.0 metres, including 0.55% nickel over 45.7 metres from 10.5 metres downhole.

TEX22-03 was collared with an east azimuth 20 metres southwest of the existing mining shaft and intersected mineralized peridotite from 1.8 meters to the end of hole at 150.0 metres. The hole averaged 0.40% nickel over 148.2 metres, including 1.22% nickel and 0.18 g/t Pt+Pd over 21.0 metres.

TEX22-04 was collared within the hanging wall intersecting mafic volcanics and then gabbro before encountering mineralized peridotite. The mineralized peridotite averaged 0.31% Ni over 200.2 metres, including 0.56% Ni over 34.2 metres. The hole intersected the footwall, ending in mafic volcanics and giving a good indication of the overall thickness of the mineralized ultramafics.

TEX22-05 was collared in hanging wall mafic volcanics and was aimed to cut across the strike length of the mineralized komatiite. The hole intersected 362.8 metres of peridotite averaging 0.18% Ni over 362.8 metres, including 42.0 metres of 0.41% nickel. A few minor dykes were encountered within the hole.

TEX22-06 was drilled 100 m southeast of TEX22-03 in komatiite and intersected mineralized peridotite, with minor intersections of late dykes. The hole averaged 0.24% nickel over 285.8 metres, including a high-grade section of 1.45% nickel and 0.28 g/t Pt+Pd over 12.0 metres.

TEX22-07 was collared 100 southeast of TEX22-03, intersecting komatiite followed by a moderate to strongly mineralized peridotite, interrupted by minor diabase dykes. The hole averaged 0.24% Ni over 294.0 metres including 0.33% Ni over 100.2 metres and 0.41% Ni over 43.5 metres.

TEX22-08 was collared 50 metres south of TEX22-07 and drilled to the west. The hole started in komatiite and continued into peridotite, ending in peridotite. The hole averaged 0.22% Ni over 272.7 metres including 0.31% Ni over 100.2 metres.

TEX22-09 was collared at the same location as TEX22-08 but at a steeper dip (-70 ^o versus -50 ^o ). The hole started in komatiite and continued into peridotite, ending in peridotite. Mineralization averaged 0.20% Ni over 243.0 metres, including 0.28% Ni over 64.5 metres and 0.35% Ni over 49.3 metres.

TEX22-10 was collared 50 metres south of TEX22-08 and intersected a thick section of mineralized peridotite interrupted by a minor sliver of metasedimentary rocks. The hole averaged 0.18% Ni over 247.5 metres including 0.24% over 75.0 metres.

TEX22-11 was collared at the same location as TEX22-10 but drilled at a steeper angle. The hole intersected two sections of mineralized peridotite, 0.28% Ni over 216.2 metres and 66.9 metres of 0.25% Ni, with the intervals separated by metasedimentary rocks. The upper mineralized interval included a higher-grade section of 129.8 metres of 0.37% and 19.5 metres of 0.96% Ni.

TEX22-12 was collared 50 metres south of TEX22-10 and intersected 2 sections of mineralized peridotite separated by metasediments, the upper section averaging 0.23% Ni over 79.5 metres, and the lower section averaging 0.21% Ni over 47.0 metres.

Table 1: Texmont Drillhole Orientation

Hole ID	Easting (mE)	Northing (mN)	Azimuth (⁰)	Dip (⁰)	Length (m)
TXT22-01	484872	5334590	270	-78	249
TXT22-02	484872	5334590	270	-50	126
TXT22-03	484802	5334530	90	-65	150
TXT22-04	484985	5334595	270	-50	345
TXT22-05	485012	5334504	270	-50	420
TXT22-06	484890	5334471	270	-50	300
TXT22-07	484890	5334471	270	-70	300
TXT22-08	484855	5334421	270	-50	282
TXT22-09	484855	5334420	270	-70	252
TXT22-10	484850	5334364	270	-48	255
TXT23-11	484850	5334364	270	-65	303
TXT23-12	484830	5334318	270	-52	222

Assays, Quality Assurance/Quality Control and Drilling and Assay

Edwin Escarraga , MSc, P.Geo., a "qualified person" as defined by National Instrument 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the core logging facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby or SGS Callao ( Peru ). All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold, platinum, and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are inserted at a rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis.

Qualified Person and Data Verification

Stephen J. Balch P.Geo . (ON), VP Exploration of Canada Nickel and a "qualified person" as is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.

The magnetic images shown in this press release were created from Canada Nickel's interpretation of datasets provided by the Ontario Geological Survey.

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.

View original content to download multimedia: https://www.prnewswire.com/news-releases/canada-nickel-confirms-high-grade-near-surface-mineralization-at-texmont-301763829.html

SOURCE Canada Nickel Company Inc.

View original content to download multimedia: https://www.newswire.ca/en/releases/archive/March2023/06/c0216.html

News Provided by Canada Newswire via QuoteMedia

base metals investing tsxv:cnc

CNC:CA

Canada Nickel Achieves Best Drill Results to Date at Reid

Highlights

Best Reid interval to date – 661 metres of 0.29% nickel including 100 metres of 0.42% nickel and 40 metres of 0.51% nickel in REI-24-35
All 8 holes targeting Reid Central Core intersected core lengths greater than 620 metres with average grades of 0.21% to 0.29% nickel

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce positive assay results from its ongoing 2024 exploration program at its Reid property, located 37 kilometres northwest of Timmins, Ontario .

Hole ID	From (m)	To (m)	Length (m)*	Ni %	Co %	Pd g/t	Pt g/t	Cr %	Fe %	S %
Central Core
REI24-27	27.2	702.0	674.8	0.27	0.012	0.013	0.008	0.67	5.62	0.076
including	60.0	94.5	34.5	0.30	0.013	0.024	0.007	0.66	5.76	0.110
REI24-28	18.6	705.0	686.4	0.26	0.012	0.010	0.006	0.84	5.90	0.023
including	235.5	250.5	15.0	0.30	0.012	0.006	0.008	0.87	5.46	0.025
REI24-29	54.0	568.6	514.6	0.23	0.010	0.011	0.008	0.63	6.59	0.028
and	642.6	696.0	53.4	0.24	0.014	0.017	0.011	0.85	7.46	0.026
REI24-30	30.0	702.0	672.0	0.24	0.013	0.014	0.010	0.70	6.79	0.060
including	633.0	640.5	7.5	0.42	0.018	0.080	0.040	0.63	8.13	0.288
and	664.5	673.5	9.0	0.37	0.019	0.071	0.046	0.51	8.75	0.275
REI24-31	28.0	648.4	620.4	0.22	0.013	0.013	0.009	0.61	6.85	0.072
including	31.5	340.5	309.0	0.27	0.012	0.010	0.006	0.71	6.11	0.074
including	39.0	52.0	13.0	0.41	0.014	0.026	0.014	0.69	5.68	0.075
and	279.0	306.0	27.0	0.29	0.014	0.016	0.005	0.68	7.61	0.131
REI24-32	21.0	696.0	675.0	0.21	0.012	0.008	0.007	0.71	6.43	0.034
including	166.5	421.5	255.0	0.25	0.011	0.005	0.004	0.89	5.57	0.038
REI24-35	40.5	702.0	661.5	0.29	0.012	0.018	0.013	0.69	5.67	0.052
including	340.5	361.5	21.5	0.34	0.013	0.221	0.094	0.66	5.85	0.074
and	601.5	702.0	100.5	0.42	0.015	0.035	0.019	0.59	6.26	0.123
including	645.0	685.5	40.5	0.51	0.015	0.040	0.023	0.59	6.21	0.149
REI24-37	42.2	697.5	655.3	0.24	0.013	0.012	0.009	0.57	6.28	0.032
including	42.2	312.0	269.8	0.27	0.013	0.023	0.018	0.60	6.19	0.029
including	202.5	219.0	16.5	0.41	0.015	0.241	0.146	0.49	7.16	0.093
REI24-38	27.0	702.0	675.0	0.22	0.012	0.024	0.018	0.63	6.55	0.045
including	238.0	550.5	312.5	0.26	0.012	0.048	0.035	0.69	6.04	0.056
including	301.5	327.0	25.5	0.32	0.012	0.009	0.006	0.78	5.97	0.078
and	510.0	540	30	0.33	0.012	0.174	0.229	0.74	6.16	0.103
Central Dyke Corridor
REI24-23	24.0	303.0	279.0	0.18	0.014	0.010	0.012	0.53	7.82	0.016
and	343.8	564.0	220.2	0.25	0.013	0.010	0.006	0.77	7.47	0.038
REI24-24	78.9	94.9	16.0	0.27	0.012	0.067	0.024	0.68	5.89	0.098
and	174.1	247.2	73.1	0.25	0.012	0.006	0.005	0.83	5.61	0.036
and	260.0	627.0	367.0	0.24	0.011	0.004	0.007	0.85	5.79	0.063
and	674.0	705.0	31.0	0.19	0.012	0.003	0.006	0.55	7.32	0.028
REI24-25	28.0	312.0	284.0	0.18	0.013	0.009	0.011	0.58	7.64	0.035
and	322.7	717.0	394.3	0.23	0.012	0.008	0.007	0.78	6.13	0.034
REI24-26	30.6	106.5	75.9	0.27	0.011	0.016	0.013	0.77	5.47	0.034
and	122.9	280.0	157.1	0.20	0.013	0.050	0.018	0.56	7.65	0.033
and	321.4	488.5	167.1	0.20	0.014	0.024	0.016	0.50	8.25	0.032

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Canada Nickel Announces Results from Crawford PGM Zone Infill Drilling Campaign

Highlights

Successful infill drilling campaign targeted PGM Zones at Crawford with 45 holes intersecting drill intervals of > 1g/t palladium + platinum
Results include:
- 2.19 g/t palladium + platinum over core length of 76.5 metres in Crawford Main Zone including 3.90 g/t over core length of 13.5 metres
- 1.15 g/t palladium + platinum over 38.5 metres in Crawford East Zone including 2.94 g/t over core length of 4.5 metres
PGM results will be included in development of a Crawford PGM Zone resource estimate and incorporated into the Crawford nickel mine plan

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced additional results from its drilling program targeting the PGM zones that occur along the Crawford Main and East Zone boundaries and within the existing mine plan outlined in the Crawford Nickel Project feasibility study.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Canada Nickel Closes Previously Announced US$15 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$15 million previously announced on June 24, 2024 .

The loan is due January 9, 2025 , carries an interest rate of 1.00% per month, and is subject to a 2.5% arrangement fee. At closing, Auramet also received 750,000 1-year warrants with a strike price of $1.42 per common share. The loan is 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 are subject to a four month hold period under applicable Canadian securities laws. The Company expects to use the proceeds from the loan for working capital purposes.

About Auramet

Auramet is one of the largest physical precious metals merchants in the world with over US$20 billion in annual revenues and which provides a full range of services to all participants in the precious metals supply chain. Auramet is a private company established in 2004 by seasoned professionals who have assembled a global team of industry specialists with over 350 years combined industry experience. Their business consists of three main activities: physical metals trading, metals merchant banking (including direct lending) and project finance advisory services. The company 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. In fiscal year 2023 it purchased over 7 million ounces of gold, 126 million ounces of silver and 3 million ounces of PGMs, and has provided term financing facilities in excess of US$1 billion to date. Auramet is looking to grow its capital investment business in equity, royalties and streams in the precious metals and battery related metals mining space. Auramet is proud to have been awarded a Gold Medal the past two years for its ESG commitment by EcoVadis, the most trusted provider of ESG ratings with a network of more than 90,000 rated companies. For more information on Auramet, please visit www.auramet.com .

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™, NetZero Cobalt™, 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 .

For further information, please contact:

Mark Selby
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 use of proceeds from the loan, the ability of the Company to deliver nickel required to feed the high growth electric vehicle and stainless steel markets, and the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. 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. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: inability to repay the loan or comply with the covenants set out in the loan agreement; 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 applicable laws; 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia: https://www.prnewswire.com/news-releases/canada-nickel-closes-previously-announced-us15-million-loan-facility-with-auramet-international-inc-302192435.html

SOURCE Canada Nickel Company Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2024/09/c7393.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Finlay Minerals Announces Increased Budget for PIL and ATTY Projects

Finlay Minerals Ltd . (TSXV: FYL,OTC:FYMNF) (OTCQB: FYMNF), the "Company", is pleased to announce that the approved budget under the Earn-In Agreements with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport") 1 for both the PIL and ATTY Projects, has been increased to a total of $3.6 million .

Both projects are situated in the highly prospective Toodoggone District of British Columbia , which continues to develop as an important copper-gold (Cu-Au) district with significant potential for further discoveries.

Initially, the 2025 budget was set at a minimum of $750,000 for the PIL property and $500,000 for the ATTY property. However, these amounts have now been revised to up to $2.6 million for the PIL project and up to $1.0 million for the ATTY project. Both programs are fully funded under the Earn-In Agreements with Freeport . According to these agreements, Freeport may earn an 80% interest in each property by investing a total of $35 million in exploration expenditures and making cash payments totaling $4.1 million over/up to six years. ² Until the Finlay-Freeport Earn-In Agreements complete, Finlay owns 100% of both properties.

The PIL Property lies in the heart of the Toodoggone region and features several porphyry copper-gold (Cu-Au) targets, along with associated epithermal gold-silver (Au-Ag) mineralization. To date, 18 porphyry Cu ± Mo ± Au and porphyry-related low- and high-sulphidation epithermal Au-Ag occurrences have been outlined on the PIL Property. The PIL property is adjacent to Amarc Resources and Freeport-McMoRan's JOY Project, as well as TDG Gold Corp.'s Shasta/Baker and Sofia Properties. It is also situated 25 kilometres ("km") northwest of Centerra Gold's former Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

The ATTY Property covers 3,875 hectares of sub-alpine terrain in the southern Toodoggone region, an area known for significant porphyry copper-gold (Cu-Au) and epithermal gold-silver (Au-Ag) deposits. It is located between Centerra Gold's Kemess Project and the JOY Project, held by Amarc Resources and Freeport-McMoRan. The KEM target on the ATTY Property resembles the Kemess North Trend, which is home to the Kemess Underground and Kemess East deposits. Exploration will focus on the Wrich target, located near the copper geochemical anomaly at the SWT target on the JOY Property. This anomaly extends over 2 km and continues onto the ATTY Property for an additional 1.2 km to the southeast.

The 2025 programs at the PIL and ATTY are well underway with:

Detailed property-wide, 100 metre line-spaced airborne magnetic surveys completed on both properties;
Detailed geological and alteration mapping and expanded rock and soil sampling on up to 8 target areas on the PIL underway, with the ATTY expected to start by the end of July;
53 line-km of induced polarization ("IP") geophysical surveys planned on the PIL and 16 line-km on the ATTY, and
Finlay acting as the Operator on both properties.

Finlay's President and CEO, Ilona Lindsay , states :

"We are very pleased with the substantial increase in approved funding for both the PIL and the ATTY. This additional funding will allow us to identify and prioritize as many targets as possible for drilling in 2026."

References:

Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.
Finlay news releases NR 03-25 dated April 17, 2025 entitled: " Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties " and NR 05-25 dated May 2, 2025 and entitled: " Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement. "

Qualified Person:

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five properties in northern British Columbia :

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com .

On behalf of the Board of Directors,

Robert F. Brown ,
Executive Chairman of the Board

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the PIL & ATTY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/17/c1585.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Juggernaut Closes $1,000,000 $0.64 Unit Private Placement Financing

(TheNewswire)

Vancouver, British Columbia TheNewswire - July 17, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), further to its July 3, 2025, news release the Company is pleased to announce that it has received approval from the TSX Venture Exchange to close its private placement financing (the "Financing") for aggregate gross proceeds of $1,000,000.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Forte Minerals Secures C$5.7 Million Strategic Investment to Advance Alto Ruri Project

"Not for distribution to United States newswire services or for dissemination in the United States."

Forte Minerals Corp . (" Forte " or the " Company ") ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce a non-brokered private placement with a strategic investor (the " Investor "), who will acquire 6,326,066 common shares at a price of C$0.90 per share for gross proceeds of approximately C$5,693,459 (the " Strategic Placement "). Upon closing of the Strategic Placement, the Investor will own 9.99% of Forte's issued and outstanding common shares on a non-diluted basis, establishing a meaningful long-term position in Forte's growth and exploration strategy.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Hole ID	Easting (mE)	Northing (mN)	Azimuth (⁰)	Dip (⁰)	Length (m)
REI24-23	456758	5404333	135	-55	564
REI24-24	457157	5404317	0	-60	705
REI24-25	457345	5404725	180	-60	717
REI24-26	457350	5404200	258	-50	528
REI24-27	456165	5403790	0	-60	702
REI24-28	456960	5404500	180	-70	705
REI24-29	457555	5403900	0	-55	696
REI24-30	457350	5404450	180	-60	702
REI24-31	456365	5404000	0	-60	648
REI24-32	456960	5404500	315	-60	705
REI24-35	456960	5404100	180	-60	702
REI24-37	457765	5404100	180	-60	697
REI24-38	456365	5403800	180	-60	702

Hole ID	Easting (mE)	Northing (mN)	Azimuth (⁰)	Dip (⁰)	Length (m)
CR24-345	473300	5409950	356	-60	402
CR24-344	473205	5409985	0	-90	366
CR24-342	473373	5410260	170	-45	397
CR24-341	473833	5408690	0	-75	540
CR24-340	473278	5410290	173	-42	462
CR24-338	473610	5409950	0	-70	252
CR24-336	473827	5409967	0	-78	270
CR24-335	473950	5410000	0	-50	201
CR24-334A	473681	5408782	12	-70	372
CR24-333	474215	5409965	340	-77	236
CR24-332	474180	5410015	0	-72	252
CR24-331	473555	5408774	15	-74	501
CR24-330	474350	5409905	320	-80	450
CR24-329	473265	5408895	45	-70	450
CR24-328	474460	5409970	335	-55	231
CR24-327	473265	5408895	14	-66	351
CR24-326	474515	5409895	0	-80	273
CR24-325	474600	5409925	0	-80	201
CR24-324	472837	5409083	35	-55	351
CR24-323	474600	5409925	0	-50	261
CR24-322	474715	5409905	0	-80	306
CR24-321	474770	5409965	5	-75	300
CR24-320	474820	5409900	0	-80	270
CR24-319	474915	5409940	5	-84	171
CR24-318	474915	5409940	5	-50	204
CR24-317	475120	5409900	0	-80	300
CR24-316	475120	5409900	0	-50	207
CR24-315	473682	5410225	172	-54	399
CR22-298	473564	5410008	0	-55	252
CR22-296	473374	5409984	2	-70	201
CR22-295	473374	5409984	2	-50	282
CR22-294	475434	5409927	0	-70	192
CR22-291	475204	5409922	10	-50	210
CR22-288	474805	5409925	2	-70	171
CR22-287	474806	5409923	4	-50	252
CR22-286	474705	5409932	2	-70	180
CR22-285	474705	5409932	2	-50	252
CR22-284	474504	5409940	2	-50	261
CR22-283	474504	5409939	2	-75	222
CR22-282	474303	5409955	2	-75	222
CR22-281	474303	5409956	2	-50	252
CR22-272	473764	5408865	172	-82	651
CR22-267	474606	5410009	180	-75	650
CR22-265	474403	5410013	180	-75	577
CR22-257	473644	5408751	355	-45	354

Mineral Resource Estimate										Contained Metal
DOMAIN	CLASS	TONNES (Mt)	Ni (%)	Co (%)	Fe (%)	Cr (%)	S (%)	Pd (g/t)	Pt (g/t)	Ni (kt)	Co (kt)	Fe (Mt)	Cr (kt)	S (kt)	Pd (koz)	Pt (koz)
MAIN	Indicated	81.3	0.25	0.011	5.2	0.24	0.056	0.0029	0.0045	201.8	8.6	4.2	193.6	45.6	7.7	11.8
MAIN	Inferred	357.5	0.25	0.011	5.2	0.23	0.063	0.0040	0.0053	885.4	38.0	18.6	835.4	224.9	45.7	60.6

1.	The independent Qualified Person for the Mineral Resource Estimate, as defined by NI 43-101, is Dr. Scott Jobin-Bevans (P.Geo., PGO #0183), of Caracle Creek International Consulting Inc. The effective date of the Mineral Resource Estimate is July 15, 2024.
2.	The quantity and grade of reported Inferred Resources in this Mineral Resource Estimate are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured. However, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
3.	A cut-off grade of 0.10% Ni was used for the Main Domain (combined high- and low-grade estimated domains). Cut-offs were determined on the basis of core assay geostatistics and drill core lithologies for the deposit, and by comparison to analogous deposit types.
4.	Geological and block models for the Mineral Resource Estimate used data from a total of 22 surface drill holes, completed by CNC in 2022-2024. The drill hole database was validated prior to resource estimation and QA/QC checks were made using industry-standard control charts for blanks, core duplicates and commercial certified reference material inserted into assay batches by CNC and by comparison of umpire assays performed at a second laboratory.
5.	Estimates have been rounded to two significant figures.
6.	The Mineral Resource Estimate was prepared following the CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines (November 29, 2019) and the CIM Definition Standards for Mineral Resources & Mineral Reserves (May 19, 2014).
7.	The geological model as applied to the Mineral Resource Estimate comprises three mineralized domains hosted by variably serpentinized ultramafic rocks: a relatively higher-grade core (dunite) and two, western and eastern, lower-grade envelopes (peridotite). Individual wireframes were created for each domain in Leapfrog Geo 2023.2.3 software.
8.	A 20 m x 20 m x 15 m block model was created, and samples were composited at 7.5 m intervals. Grade estimation from drill hole data was carried out for Ni, Co, Fe, Cr, S, Pd and Pt using the Ordinary Kriging interpolation method in Isatis 2024.04 software.
9.	The mineral resource estimates have been revised to include a conceptual pit envelope constraint that was developed using the following optimization parameters. Metal prices used were US$21,000/t nickel, US$40,000/t cobalt, US$325/t magnetite, US$1,350/oz palladium, and US$1,150/oz platinum. Different pit slopes were used for each layer (in degrees): 9.5 in clay, 11.6 in sand, and 45.0 in rock. Exchange rate utilized was US$/C$ at $0.75. Mining costs utilized different values for overburden (clay, gravel), selective mining, and bulk mining, ranging from C$1.62 to C$3.28/t mined. Processing costs and general and administration costs for a 60 ktpd operation (similar to the initial stage of Crawford) were C$8.40/t. Based on the range of grade and ratio of sulphur to nickel, calculated recovery averages 49% for Ni, 56% for Fe, 5% for Co and 21% for Pt and Pd.
10.	Grade estimation was validated by comparison of input and output statistics (Nearest Neighbour and Inverse Distance Squared methods), swath plot analysis, cross-plots of declustered samples against the nearest OK estimate, and by visual inspection of the assay data, block model, and grade shells in cross-sections.
11.	Density estimation was carried out for the mineralized domains using the Ordinary Kriging interpolation method, on the basis of 954 specific gravity measurements collected during the core logging process, using the same block model parameters of the grade estimation. As a reference, the average estimated density value within dunite is 2.62 g/cm ³ (t/m ³ ), while peridotite domains yielded averages of 2.69 g/cm ³ (t/m ³ ) in the west and 2.75 g/cm ³ (t/m ³ ) in the east.

Mineral Resource Estimate								Contained Metal
Class	Tonnage (Mt)	Ni (%)	Co (%)	Fe (%)	Cr (%)	Pd (g/t)	Pt (g/t)	Ni (kt)	Co (kt)	Fe (Mt)	Cr (kt)	Pd (koz)	Pt (koz)
Indicated	236.7	0.22	0.012	6.6	0.34	0.005	0.006	519.5	28.2	15.7	797.9	35.1	47.1
Inferred	543.2	0.21	0.012	6.8	0.30	0.006	0.007	1,150	65.9	37.0	1,628	98.0	129.8

Investing News NetworkYour trusted source for investing success

Canada Nickel Confirms High Grade Near-Surface Mineralization at Texmont

Canada Nickel Achieves Best Drill Results to Date at Reid

Canada Nickel Announces Results from Crawford PGM Zone Infill Drilling Campaign

Canada Nickel Provides Update on Crawford Project Optimization and Commencement of Pilot Plant Operation

Canada Nickel Company Announces Initial Deloro Nickel Sulphide Project Resource

Canada Nickel Closes Previously Announced US$15 Million Loan Facility with Auramet International, Inc.

Finlay Minerals Announces Increased Budget for PIL and ATTY Projects

Juggernaut Closes $1,000,000 $0.64 Unit Private Placement Financing

Increase in Indicated Portion of Mineral Resource at Orlando

Commencement of EIA, Mineral Modelling & Assay Results

Forte Minerals Secures C$5.7 Million Strategic Investment to Advance Alto Ruri Project

Noble Mineral highlights Mann Central Nickel Sulphide Initial Resource as announced by Canada Nickel

Latest News

Latest Press Releases

1911 Gold Closes C$13.2 Million "Bought Deal" Life Offering Including Increased Investment by Eric Sprott

Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement Financing

Pinnacle Engages ITG as Market Maker and Closes Shares for Debt Settlement

Finlay Minerals Announces Increased Budget for PIL and ATTY Projects

Related News

1911 Gold Closes C$13.2 Million "Bought Deal" Life Offering Including Increased Investment by Eric Sprott

Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement Financing

Pinnacle Engages ITG as Market Maker and Closes Shares for Debt Settlement

Homerun Resources Inc. Announces Update on European Financial Markets Advisory

VIDEO: Lithium Universe Ltd Interview with Executive Chairman Iggy Tan

Drilling Commences at Leonora South Gold Targets

Operations update with mine production up 25% QoQ

TOP STOCKS

	Head Grades (%)			Recovery (%)				Concentrate Grades (%)
	Head Grades (%)			Recovery (%)				Ni Conc.		NiCr Conc.
	Ni	S	Fe	Ni	Co	Fe	Cr	Ni	Co	Fe	Cr	Ni
Actual	0.29	0.04	5.1	47	1	57	31	60	0.10	55	4.2	0.62
Modelled	-	-	-	43	4	58	28	40	0.23	55	3.7	0.72
Difference	-	-	-	+4	-3	-1	+3	+20	-0.13	0	+0.5	-0.10

	Head Grades (%)			Total Recoveries (%)				Recovery Performance (%) Actual - Modelled
	Head Grades (%)			Total Recoveries (%)				Recovery Performance (%) Actual - Modelled
Sample ID	Ni	S	Fe	Ni	Co	Fe	Cr	Ni	Co	Fe	Cr
CNS-001	0.17	0.03	6.9	55	1.5	60	14	17	-3	-3	-19
CNS-002	0.27	0.04	5.6	54	4.9	52	34	10	1	-4	5
CNS-003	0.26	0.01	5.3	23	0.5	44	28	-4.6	-4	-12	-1
CNS-005	0.27	0.09	5.7	71	5.2	49	28	14	-5	-3	0
CNS-006	0.30	0.05	5.5	67	4.7	61	35	17	1	6	6
CNS-007	0.28	0.04	5.5	43	0.7	59	32	-0.3	-3	4	4
CNS-008	0.18	0.01	7.5	36	1.1	55	31	7.9	-3	-8	0
CNS-009	0.27	0.01	5.2	33	2.0	47	29	5.0	-2	-16	-2
CNS-010	0.20	0.02	7.7	42	0.7	63	37	10	-3	3	8
CNS-011	0.16	0.03	7.4	60	1.5	61	20	23	-3	-1	-13
Average	0.23	0.03	6.2	48	2.3	55	29	10	-2	-3	-1