Canada Nickel Continues to Achieve Excellent Drill Results at Reid

Canada Nickel Continues to Achieve Excellent Drill Results at Reid

Highlights

  • New best interval to date at Reid - 687 metres of 0.27% nickel including 36.0 metres of 0.41% nickel and 7.5 metres of 0.56% nickel in REI24-18.
  • All four holes intersected core lengths of at least 676 metres with average grades of 0.24% to 0.27% nickel.

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) provided an update today on its 2024 exploration program with assay results from four new holes at its Reid property, which included the best drill result to date from the property.

Six drill rigs are currently operating across the Company's exploration portfolio. As outlined in a conference call held on February 23, 2024 , the Company's 2024 exploration program is targeting delivery of seven new resources by Q2-2025 and six further discoveries, unlocking the regional exploration potential of the Timmins Nickel District.

"Reid continues to deliver excellent results with yet another best drill interval to date.  We are encouraged by these four additional drill results with long drill intervals and three of the four holes reporting higher grade intervals", said Mark Selby , CEO of Canada Nickel. "These results continue to highlight the very large-scale potential of this property. With six drill rigs now operating, we expect a steady flow of drill results from across the Company's exploration portfolio."

Reid Property

The Reid Property is located just 16 kilometres southwest of the Company's Crawford Nickel Sulphide project ("Crawford") and contains a geophysical target of 3.9 square kilometres, nearly 2.4 times larger than Crawford (see Figure 1).  The Company currently has an ongoing drilling program, with eight initial drill holes intersecting long intervals of dunite and ending in mineralization. Complete assays for holes REI24-18, REI24-19, REI24-20 and REI24-21 are disclosed in this release and four holes have assays pending. The holes in this release were collared near the west half of the target and drilled near the center of the intrusion. The ultramafic sequence in this area is more than 800 metres thick, nearly twice that of Crawford's main zone.

Three of the four holes disclosed in this release intersected higher grade mineralization within the main ultramafic body. All holes collared and ended in dunite except REI24-19 which collared on a small dyke but intersected dunite starting at 49.5 metres and continued downhole.

Hole ID

From (m)

To (m)

Length (m)*

Ni %

Co %

Pd g/t

Pt g/t

Cr %

Fe %

S %

REI24-18

32.3

720.0

687.7

0.27

0.01

0.009

0.007

0.71

5.51

0.03

including

676.5

712.5

36.0

0.41

0.02

0.057

0.023

0.56

6.03

0.12

Including

696.0

703.5

7.5

0.56

0.02

0.109

0.048

0.57

5.93

0.16

REI24-19

49.5

726.0

676.5

0.25

0.01

0.013

0.009

0.68

6.33

0.02

Including

348.0

726.0

378.0

0.28

0.01

0.003

0.003

0.74

5.14

0.02

REI24-20

26.0

702.0

676.0

0.25

0.01

0.008

0.005

0.71

5.88

0.05

Including

255.7

369.0

113.3

0.35

0.01

0.026

0.010

0.73

5.69

0.10

REI24-21

24.0

750.0

726.0

0.24

0.01

0.011

0.013

0.65

6.77

0.05

Including

333.0

750.0

417.0

0.27

0.01

0.008

0.007

0.71

6.12

0.05

Including

520.5

565.0

44.5

0.32

0.01

0.018

0.010

0.72

4.97

0.06

and

621.0

750.0

129.0

0.29

0.01

0.003

0.004

0.70

5.31

0.06

Table 1 – Reid drilling downhole composite.

*True width undetermined. All lengths are drillhole lengths.

Figure 1 – Reid – CNC Drillholes Over Total Magnetic Intensity.

Figure 1 - Reid - CNC Drillholes Over Total Magnetic Intensity (CNW Group/Canada Nickel Company Inc.)

Table 2: Drillhole Orientation

Hole ID

Easting (mE)

Northing (mN)

Azimuth (⁰)

Dip (⁰)

Length (m)

REI24-18

456760

5404150

180

-60

720

REI24-19

456960

5404305

180

-60

726

REI24-20

456565

5404100

180

-60

702

REI24-21

456565

5404300

180

-60

702

REI24-22

456565

5404300

0

-60

492

REI24-23

456758

5404333

135

-55

564

REI24-24

457157

5404317

0

-60

705

Quality Assurance and Control, Drilling and Assaying

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 such term 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.

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
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 significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the Crawford Nickel Sulphide Project and the Properties, timing and completion (if at all) of mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development plans and 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.  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.)

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SOURCE Canada Nickel Company Inc.

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Canada Nickel Achieves Initial Metallurgical Success at Mann Northwest Property

Canada Nickel Achieves Initial Metallurgical Success at Mann Northwest Property

Highlights

  • First two metallurgical tests at Mann deliver strong recovery and concentrate quality:
    • Overall nickel recoveries of 58% and 59%.
    • Nickel and magnetite concentrate grades in line with expectations.

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV:CNC) (OTCQX:CNIKF) is pleased to announce robust recovery and concentrate quality results from the first set of metallurgical tests on samples from the Mann Northwest property.  The results were achieved using the standard flowsheet developed for the Crawford Nickel Sulphide Project ("Crawford").

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Canada Nickel Company Concludes Successful Participation in Washington, D.C. Summit on North American Critical Minerals Strategy

Canada Nickel Company Concludes Successful Participation in Washington, D.C. Summit on North American Critical Minerals Strategy

Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) was proud to participate in an Ontario government delegation at the 2024 Energy Transition Metals Summit in Washington, D.C. During the summit, CEO Mark Selby a veteran in the mining industry with over 20 years of experience, stressed the importance of strengthened Ontario-US trade partnerships and collaboration in critical minerals as demand for clean energy solutions across North America surges.

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

Canada Nickel Company's CEO further spoke about the essential role of nickel in various high-tech applications, including electric vehicles (EVs) and stainless steel production, critical for the transition to a cleaner economy. "Nickel is not just a metal; it's a linchpin in our sustainable future," said Mark Selby , CEO of Canada Nickel Company.  "Canada Nickel, Ontario, Canada and the United States share many of the same economic and environmental objectives, specifically around the need for reliable, clean, critical minerals sources amid growing geopolitical tensions and increasing supply chain pressures."

Canada Nickel's Crawford Nickel Sulphide Project in Ontario's Timmins Nickel District was showcased at the summit as a model of innovation and sustainability. Projected to become one of the top nickel sulphide operations globally, it boasts potential for zero-carbon production thanks to the Company's proprietary IPT Carbonation carbon storage technology.

"The Crawford Project is expected to be the Western World's largest nickel sulphide operation, emphasizing our commitment to environmentally responsible mining practices that significantly reduce carbon emissions," Selby noted. The Ontario project is expected to play a crucial role in filling critical supply gaps for North America's EV and stainless steel markets.

The summit also served as a platform for Canada Nickel to discuss the challenges and opportunities in the nickel market, which is essential for powering the EV revolution. The discussions included the impact of recent US policies on metal imports and the strategic steps both nations and the province need to take to secure a reliable supply of critical minerals.

"We have the critical minerals, expertise and experience the world is looking for in my riding of Timmins and across Northern Ontario ," said George Pirie , Member of Provincial Parliament for Timmins , and Ontario's Minister of Mines. " The United States and Ontario share goals for a battery-powered future and the relationship between our governments has never been more important. We need to work together to secure the supply chain and Ontario -based companies like Canada Nickel will help us accomplish this goal. I am so excited to continue working to promote Ontario mining companies because they are the best in the world."

Canada Nickel's participation in the summit underscores its role as a leader in the next generation of large-scale nickel supply and as a key player in North America's critical minerals strategies. The company continues to work closely with the Ontario Government, Canadian, and US officials to advance bilateral initiatives that enhance the critical minerals supply chain and promote sustainable mining practices.

For More Information, Contact:
Mark Selby
CEO and Director
647-256-1954
info@canadanickel.com

Media Contact:
Sydney Oakes
Director of Indigenous Relations and Public Affairs, Canada Nickel Company
sydneyoakes@canadanickel.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 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 .

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 potential of the Crawford Nickel Sulphide Project, strategic plans, statements relating to the nickel and EV markets, 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 Crawford Project, 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, and failure to obtain  regulatory or shareholder approvals.  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 Announces Exercise of Mann Property Option with Noble

Canada Nickel Announces Exercise of Mann Property Option with Noble

Highlights

  • Canada Nickel acquiring an 80% interest in Mann Property (~11,000 hectares)

  • Includes Mann Northwest, Central and Southeast properties that cover a combined 25 km strike length of nickel-bearing ultramafic rocks

  • Northwest and Central will advance to resource delineation programs while Southeast will be drilled for the first time, all during the 2024 exploration program

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce that it is exercising its option to acquire an 80% interest in the Mann Nickel Property from Noble Mineral Exploration Inc. ("Noble") as Canada Nickel consolidates its interests in bulk tonnage nickel projects east of Timmins, Ontario .

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    • Key portions of nickel plant design led by Metso
    • Overall study compilation & supporting engineering led by Ausenco
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NetZero Metals Inc. ("NetZero Metals" or the "Company"), a wholly-owned subsidiary of Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) today provided an update on the progress of engineering studies for two processing facilities a nickel processing facility and a stainless steel and alloy production facility in the Timmins Nickel District.

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Canada Nickel Commences Front End Engineering Design at Crawford Nickel Sulphide Project

Highlights

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  • Front End Engineering Design led by Ausenco

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) announced today that it has commenced Front End Engineering Design at the Company's Crawford Nickel Sulphide project led by its long-term engineering partner Ausenco Engineering Canada ULC ("Ausenco") and supported by a number of engineering firms from the project's feasibility study.

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HIGHLIGHTS:
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  • Exploration Potential. Very little exploration drilling or ground geophysical surveying has been completed outside of the immediate Poplar deposit area, suggesting terrific potential for the discovery of additional porphyry-related mineralization.

" With the completion of the Universal Copper transaction, I look forward to taking a more active role in the Company's day-to-day operations " stated Craig Parry , Executive Chairman of the Company.  " Since Vizsla Copper's inception, we've succeeded in adding multiple exciting development and exploration assets, and we're just getting started.  Vizsla Copper is in a terrific position with the price of copper approaching $5 per pound and strong tailwinds continuing to dominate the sector."

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FPX Nickel Publishes Inaugural Sustainability Report

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce the publication of its first and foundational Sustainability Report (the " Report ").  The Report covers the period from 2021 to the present, a pivotal phase of Company growth and advancement of the flagship Baptiste Nickel Project (" Baptiste " or " the Project ").  To align with escalating project development efforts during this period, FPX Nickel initiated an internal assessment of the Company's Environmental, Social, and Governance (" ESG ") performance in early 2022.  The Report reflects the results of this assessment and provides an introduction to the sustainability initiatives FPX Nickel has implemented to date, as well as the commitments the Company has made for 2024.

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Canadian Critical Minerals Closes Financing

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All securities issued are subject to a statutory hold period that expires four months and one day from issuance.

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PROPOSED NOMINATIONS TO STRENGTHEN WESTERN COPPER AND GOLD's BOARD

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western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that Raymond Threlkeld Robert Chausse and Sandeep Singh will stand for election as directors at the Company's upcoming annual general and special meeting.

Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

"We are extremely pleased that Mr. Threlkeld, Mr. Chausse and Mr. Singh have agreed to join our board," said Bill Williams , Interim Chairman of Western. "The expansion of the Western board reflects the growth and strategic initiatives of the Company as the Casino project moves into the next phase of its lifecycle.  Their collective wealth of experience and technical, operational and financial acumen will be a strong complement to our Company."

Mr. Threlkeld is a seasoned mining professional with more than 30 years of experience in mineral exploration, mine operations and construction and executive management. Currently, he is a director of Calibre Mining Corp. and New Found Gold Corp. Most recently he was Chairman of Newmarket Gold and became a director of Kirkland Lake Gold upon the sale of Newmarket . In addition, Mr. Threlkeld was previously President and CEO of Rainy River Resources. From 1996 to 2004, Mr. Threlkeld held a variety of senior executive positions with Barrick Gold Corporation rising to the position of Vice President, Project Development. Among his accomplishments were the Pierina Mine in Peru , Bulyanhulu Mine in Tanzania , Veladero Mine in Argentina , Lagunas Norte Mine in Peru and the Cowel Mine in Australia . Mr. Threlkeld holds a B.Sc. degree in Geology from the University of Nevada .

Mr. Chausse is a proven leader with more than 25 years of international finance experience in mining who most recently served as CFO of New Gold Inc until his retirement. Currently, he is a director of Revival Gold Inc. Previously, Mr. Chausse served as CFO of Richmont Mines Inc., CFO at Stornoway Diamonds and EVP & CFO of AuRico Gold . His experience also includes VP of Finance, Operations and Projects for Kinross Gold and he held increasingly senior positions with Barrick Gold . Mr. Chausse is a Chartered Accountant and holds a Bachelor of Commerce degree from Toronto Metropolitan University.

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

SOURCE western copper and gold corporation

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