Canada Nickel Confirms Major Discovery at Reid, Provides Financing Update

Canada Nickel Confirms Major Discovery at Reid, Provides Financing Update

 
 
  Highlights  
 
  • All 16 holes at Reid intersected multi-hundred metre intervals of mineralization
    with 6 holes in Central Core Area intersecting higher grades
  •  
  • Holes REI22-14 and REI22-16 confirm mineralization of over 500 metres width – approximately 50% wider than Crawford Main Zone and more than 100% wider than Crawford East Zone
  •  
  • Reid geophysical target footprint of 3.9 km 2 , is more than two times larger than
    the 1.6 km 2 footprint of the flagship Crawford Nickel Project resource
  •  

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced an exploration update for its Reid Property located within 16 km of the Crawford Nickel discovery which has now been successfully targeted by all 16 drillholes.

 

  Mark Selby , Chair & CEO of Canada Nickel Company, said "Today's results confirm Reid as a major discovery with a target footprint larger than our flagship Crawford discovery and a mineralized core that is 50% wider than our Crawford Main Zone. Grades and mineralization are consistent with what the Company has observed at the Company's East Zone deposit. The success of this initial drilling, targeted solely with our team's proprietary approach using provincial geophysical data, highlights the significant potential of our total regional land package with over 42 km 2 of target geophysical footprint which is more than 20 times larger than our flagship Crawford project."

 

Mr. Selby continued "I am also pleased that we are extending repayment of our loan with Auramet to March 3, 2023 , utilizing 45 days of the 90 day extension right that we had as part of the original loan agreement which allows us to advance various financing initiatives, which we expect to complete during this timeframe."

 
  Reid Nickel Property  
 

The Reid Property is located just 16 km southwest of Crawford and 37 km northwest of Timmins , and contains an ultramafic body with a target geophysical footprint of 3.9 km2 compared to Crawford target footprint of 1.6 km2. Assay results from 16 holes continue to confirm nickel mineralization in serpentinized dunite and peridotite.  Similar PGM Zone mineralization as Crawford was also observed in hole REI22-13 which was the only hole to test the contact of mineralization. Information on the first 7 holes can be found in the December 1st 2022 release. This release provides an update on the remaining 9 holes which were completed in 2022 (See Figure 1).

 
Reid - Central Core Area Drilling
 

Holes REI22-14 and REI22-16 were drilled at the western end of the Central Core area which has a target footprint of 1.6 km2 (1.8km long x 0.9 km width), the same size as the entire Crawford Main & East Zone. The holes delineated mineralization of over 500 metres wide including a higher-grade core. The Central Core remains open in all directions from this section (see Figure 2). The holes were mineralized across their entire core lengths, ending in higher grade mineralization at 402 and 501 metres respectively.

 

REI22-14 collared in peridotite and ended in higher grade mineralization. The hole averaged 0.20% nickel over 327.0 metres, including 0.30% nickel over 58.5 metres at the end of hole. REI22-16 collared in peridotite approximately 540 metres north of REI22-14. The hole also ended in higher grade mineralization and averaged 0.25% nickel over 471.0 metres, including 0.31% nickel over 60.0 metres at the end of hole (Table 3).

 

REI22-06 collared in peridotite and transitioned into dunite for the remainder of the hole, only interrupted by a few late dykes. The hole was collared near the western end of the anomaly and drilled to the south. The hole displayed moderate to strong serpentinization throughout. The dunite averaged 0.25% nickel over 97.5 metres and 0.28 % nickel over 110.9 metres, including 0.30% nickel over 54.0 metres.

 

REI22-09 also collared in peridotite and transitioned into dunite to the end of hole, only interrupted by two late dykes. The hole was collared on the south of the anomaly and drilled to the north. The hole displayed moderate serpentinization throughout with an increase of nickel mineralization at depth. Partial assays contain 0.22% nickel over 226.5 metres, including 0.26% nickel over 67.5 metres.

 

   Figure 1 – Plan View of Reid – Drill results Overlain on Total Magnetic Intensity   

 
 

  Figure 1 - Plan View of Reid - Drill Results Overlain on Total Magnetic Intensity (CNW Group/Canada Nickel Company Inc.) 

 
 
 
 
 

  Labels: Current Holes "REI22-14".  Prior holes from the December 2022 release "REI22-05"  

 
 
 

 

 

   Figure 2 – Section View of Reid – REI22-14 and REI22-16 (Section width ~150m)   

 
 

  Figure 2 - Section View of Reid - REI22-14 and REI22-16 (Section width _150m). (CNW Group/Canada Nickel Company Inc.) 

 
 
 
  
 

  *True widths are unknown.  

 
 
 
 
Reid - North Limb Area Drilling
 

The north Limb Area extends northwest for 1.5 kilometres strike length and around 400 metres width, with a target footprint of 0.6 km2. Six drillholes targeted this area, with all intersecting mineralized dunite and peridotite sections.

 

REI22-10 was collared near the center of the anomaly in a transitioning dunite-peridotite lithology, interrupted by a late mafic dyke. The hole displayed moderate to strong serpentinization. Dunite-peridotite in this hole averaged 0.20% nickel over 275 metres including 0.24% nickel over 125.1 metres.

 

REI22-11 collared approximately 250 metres west of REI22-10, near the western contact of the anomaly and continued on transitional peridotite-dunite lithology, interrupted by several late dykes. The hole averaged 0.15% nickel over 378.4 metres.

 

REI22-12 collared in peridotite and into dunite to the end of hole. The hole was collared on the northwest extension of the anomaly and drilled to the southwest. The hole displayed strong serpentinization throughout. Partial assays of the top of the hole contain 0.22% nickel over 306.0 metres.

 

REI22-13 collared approximately 400 metres northwest of REI22-12 in a gabbro to pyroxenite to peridotite sequence. The hole ended in moderate to strongly serpentinized dunite. Peridotite-dunite averaged 0.19% nickel over 360.0 metres, including 0.24% nickel over 163.5 metres. At the top of the hole, a section of the pyroxenite averaged 1.89 g/t Pt+Pd over 6.0 metres (Table 4).

 

REI22-15 collared in dunite approximately 640 metres southeast of REI22-12 and ended in peridotite. The dunite averaged 0.20% nickel over 249.0 metres.

 

With these encouraging results, Canada Nickel plans to resume drilling at Reid in 2023. The south limb of the anomaly remains to be drilled.

 

  Table 3: Reid exploration drilling results  

 
 
                                                                                                                                                                                                                              
 

   Hole ID   

 
 

   From   

 
 

   To   

 
 

   Length*   

 
 

   Ni   

 
 

   Co   

 
 

   Pd   

 
 

   Pt   

 
 

   Cr   

 
 

   Fe   

 
 

   S   

 
 
 

   (m)   

 
 

   (m)   

 
 

   (m)   

 
 

   ( %)   

 
 

   ( %)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   ( %)   

 
 

   ( %)   

 
 

   ( %)   

 
 

   Central Core   

 
 

  REI22-06  

 
 

  28.8  

 
 

  312.5  

 
 

  283.7  

 
 

  0.19  

 
 

  0.01  

 
 

  0.008  

 
 

  0.008  

 
 

  0.59  

 
 

  7.68  

 
 

  0.06  

 
 

  including  

 
 

  215.0  

 
 

  312.5  

 
 

  97.5  

 
 

  0.25  

 
 

  0.01  

 
 

  0.007  

 
 

  0.005  

 
 

  0.77  

 
 

  7.35  

 
 

  0.07  

 
 

  and  

 
 

  360.1  

 
 

  471.0  

 
 

  110.9  

 
 

  0.28  

 
 

  0.01  

 
 

  0.017  

 
 

  0.007  

 
 

  0.74  

 
 

  6.99  

 
 

  0.07  

 
 

    including    

 
 

   369.0   

 
 

   423.0   

 
 

   54.0   

 
 

   0.30   

 
 

   0.01   

 
 

   0.021   

 
 

   0.007   

 
 

   0.73   

 
 

   7.36   

 
 

   0.07   

 
 

  REI22-09  

 
 

  30.0  

 
 

  105.5  

 
 

  75.5  

 
 

  0.12  

 
 

  0.01  

 
 

  0.007  

 
 

  0.014  

 
 

  0.56  

 
 

  8.23  

 
 

  0.07  

 
 

  and  

 
 

  180.0  

 
 

  406.5  

 
 

  226.5  

 
 

  0.22  

 
 

  0.01  

 
 

  0.008  

 
 

  0.007  

 
 

  0.61  

 
 

  5.92  

 
 

  0.10  

 
 

  REI22-14  

 
 

  27.4  

 
 

  402.0  

 
 

  374.6  

 
 

  0.19  

 
 

  0.01  

 
 

  0.007  

 
 

  0.006  

 
 

  0.60  

 
 

  6.18  

 
 

  0.04  

 
 

   including   

 
 

  286.5  

 
 

  402.0  

 
 

  115.5  

 
 

  0.25  

 
 

  0.01  

 
 

  0.014  

 
 

  0.006  

 
 

  0.68  

 
 

  5.40  

 
 

  0.06  

 
 

    including    

 
 

   343.5   

 
 

   402.0   

 
 

   58.5   

 
 

   0.30   

 
 

   0.01   

 
 

   0.025   

 
 

   0.008   

 
 

   0.71   

 
 

   5.30   

 
 

   0.08   

 
 

  REI22-16  

 
 

  30.0  

 
 

  501.0  

 
 

  471.0  

 
 

  0.25  

 
 

  0.01  

 
 

  0.015  

 
 

  0.009  

 
 

  0.64  

 
 

  6.32  

 
 

  0.04  

 
 

    including    

 
 

   441.0   

 
 

   501.0   

 
 

   60.0   

 
 

   0.31   

 
 

   0.01   

 
 

   0.016   

 
 

   0.009   

 
 

   0.66   

 
 

   5.36   

 
 

   0.04   

 
 

   North Limb   

 
 

  REI22-10  

 
 

  60.3  

 
 

  100.6  

 
 

  40.3  

 
 

  0.25  

 
 

  0.01  

 
 

  0.003  

 
 

  0.005  

 
 

  0.83  

 
 

  5.84  

 
 

  0.11  

 
 

  and  

 
 

  129.4  

 
 

  404.4  

 
 

  275.0  

 
 

  0.20  

 
 

  0.01  

 
 

  0.011  

 
 

  0.014  

 
 

  0.71  

 
 

  7.42  

 
 

  0.06  

 
 

  REI22-11  

 
 

  23.6  

 
 

  402.0  

 
 

  378.4  

 
 

  0.15  

 
 

  0.01  

 
 

  0.010  

 
 

  0.011  

 
 

  0.52  

 
 

  8.59  

 
 

  0.09  

 
 

  REI22-12  

 
 

  40.0  

 
 

  346.0  

 
 

  306.0  

 
 

  0.22  

 
 

  0.01  

 
 

  0.003  

 
 

  0.005  

 
 

  0.86  

 
 

  6.41  

 
 

  0.02  

 
 

  REI22-13  

 
 

  45.0  

 
 

  405.0  

 
 

  360.0  

 
 

  0.19  

 
 

  0.01  

 
 

  0.006  

 
 

  0.007  

 
 

  0.77  

 
 

  6.98  

 
 

  0.03  

 
 

   including   

 
 

  241.5  

 
 

  405.0  

 
 

  163.5  

 
 

  0.24  

 
 

  0.01  

 
 

  0.006  

 
 

  0.006  

 
 

  0.99  

 
 

  6.01  

 
 

  0.04  

 
 

  REI22-15  

 
 

  60.0  

 
 

  309.0  

 
 

  249.0  

 
 

  0.20  

 
 

  0.01  

 
 

  0.003  

 
 

  0.005  

 
 

  0.71  

 
 

  6.25  

 
 

  0.03  

 
 
 
 
  
 

  *True widths are unknown.  

 
 
 
 

  Table 4: Reid selected PGM results  

 
 
                                                
 

   Hole ID   

 
 

   From   

 
 

   To   

 
 

   Length   

 
 

   Pd+Pt   

 
 

   Pd   

 
 

   Pt   

 
 

   Ni   

 
 

   Co   

 
 

   Cr   

 
 

   Fe   

 
 

   S   

 
 
 

   (m)   

 
 

   (m)   

 
 

   (m)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   ( %)   

 
 

   ( %)   

 
 

   ( %)   

 
 

   ( %)   

 
 

   ( %)   

 
 

  REI22-13  

 
 

  39.0  

 
 

  45.0  

 
 

  6.0  

 
 

  1.89  

 
 

  0.89  

 
 

  1.00  

 
 

  0.02  

 
 

  0.01  

 
 

  0.31  

 
 

  6.25  

 
 

  0.01  

 
 

   including   

 
 

  39.0  

 
 

  42.0  

 
 

  3.0  

 
 

  2.73  

 
 

  1.28  

 
 

  1.45  

 
 

  0.03  

 
 

  0.01  

 
 

  0.34  

 
 

  6.37  

 
 

  0.02  

 
 
 

 

 
  Auramet Financing  
 

The Company has extended the repayment of the Auramet $US 10 million loan facility (see news release dated October 18, 2022 ) to March 3, 2023 by issuing 200,000 one year common share purchase warrants with a strike price of $1.94 per share and an extension fee of $US 150,000 . The loan will carry an interest rate of 1.25% per month commencing January 19 , 2023.  The warrants and the underlying common shares are subject to a four month hold period under Canadian securities laws.  This extension is subject to TSX-V approval.

 
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 NickelTM, NetZero CobaltTM, NetZero IronTM 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.

 
 

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

 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/canada-nickel-confirms-major-discovery-at-reid-provides-financing-update-301724511.html  

 

SOURCE Canada Nickel Company Inc. 

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2023/18/c7749.html  

 
 

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Canada Nickel Achieves Best Drill Results to Date at Reid

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 .

 

 

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Canada Nickel Announces Results from Crawford PGM Zone Infill Drilling Campaign

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.

 

 

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

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

 
 

   Highlights   

 
  •   Testwork demonstrates opportunity for improvements in recovery from the Crawford East Zone  
    •   Locked cycle test delivered a 60% nickel sulphide concentrate – believed to be world's highest nickel grade sulphide concentrate produced – and a total nickel recovery of 47% exceeding the feasibility study model by 9%  
    •  
    •   Ten new open circuit variability tests demonstrated nickel recoveries averaging 28% higher than the feasibility study model  
    •  
  •  
  •   Pilot plant program initiated at SGS Lakefield  
  •  

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV:CNC) (OTCQX:CNIKF) is pleased to announce the successful completion of further metallurgical testing on Crawford East Zone material.

 

 

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Canada Nickel Company Announces Initial Deloro Nickel Sulphide Project Resource

Canada Nickel Company Announces Initial Deloro Nickel Sulphide Project Resource

 
 

  Highlights:  

 
  • First of seven new nickel resources expected to be published by end of the first quarter of 2025 demonstrating the potential scale of the Timmins Nickel District
  •  
  • Initial Deloro indicated Resource of 81 million tonnes grading 0.25% nickel containing 202kt of nickel plus a further Inferred Resource of 357 million tonnes grading 0.25% nickel containing 885kt of nickel
  •  
  • Seven exploration rigs currently drilling across the Timmins Nickel District
  •  

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQB: CNIKF) today announced an initial mineral resource for its 100% owned Deloro Nickel Sulphide Project ("Deloro") near Timmins, Ontario .

 

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

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 .

 
 

  Canada Nickel Company Inc. logo (CNW Group/Canada Nickel Company Inc.) 

 

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.

 

 Cision 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. 

 

 

 

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

 
 

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FPX Nickel Announces Share-Based Compensation Grant

FPX Nickel Announces Share-Based Compensation Grant

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that the board of directors of the Company has approved the grant of 5,305,000 stock options (the " Options ") to directors, officers and employees of the Company pursuant to the Company's Share Compensation Plan. The Options have an exercise price of $0.30 per share, with a five-year term and are fully vested on the grant date, July 10, 2025 .

 
 

  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The Company also granted an aggregate 750,000 restricted share units (the " RSUs ") to certain officers of the Company. The RSUs vest in three equal installments on the annual anniversaries of the grant date and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 
 

 

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Cygnus Metals Limited: Issue of Performance Rights

Cygnus Metals Limited: Issue of Performance Rights

 

Cygnus Metals Limited ("Cygnus" or the "Company") advises that it has issued an aggregate of 67,050,000 performance rights ("Performance Rights") to directors, and key employees and consultants, under the Company's Omnibus Equity Incentive Plan ("Plan").

 

Shareholders approved the Plan and the issue of Performance Rights to directors at the Company's annual general meeting held on May 14, 2025. The Performance Rights to key personnel were issued on the same terms and conditions as the director Performance Rights, as set out in the notice of annual general meeting released to ASX on April 14, 2025.

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Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the 2025 exploration program is nearing completion at its wholly-owned Adams Plateau Project (the "Project") in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX project.

Gary Thompson, CEO of Silver47, stated: "We are glad to continue our work on Adams Plateau toward defining drill targets on this road-accessible project. The abundance of surface mineralization on the Project is very encouraging for the potential of new and exciting discoveries. The Company has received a 5-year permit for drilling. This year is shaping up to be transformational for the Company with a full season of drilling at the flagship Red Mountain Project and the pending merger with Summa Silver."

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Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

 

   New Expansion Hole Intersects    279    Metres Averaging    0.49    % Cu   

 

   Nine Drill Rigs Now Active on Site   

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Vertex Minerals Limited  Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

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