Canada Nickel Expands High Grade, Near Surface Mineralization at Texmont

Canada Nickel Expands High Grade, Near Surface Mineralization at Texmont

Highlights

  • Assay results from 16 drillholes continue to confirm high-grade near-surface mineralization
  • Nine drillholes with intersections of higher-grade (above 1% nickel) mineralization
  • Hole TEX23-26 intersected 3 metres of 1.47% nickel within 13.5 metres of 0.82% nickel within 52.5 metres of 0.5% nickel
  • Hole TEX23-19 intersected 7 metres of 1.03% nickel within 40.0 metres of 0.69% nickel
  • High grade mineralization intersected in northern lens 470 metres from original high grade lens in the south area
  • Hole TXT23-32 intersected 10.5 metres of 0.95% nickel within 43.5 metres of 0.59% nickel within 292 metres of 0.31% nickel

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced assay results that indicate an expansion of high grade, near-surface nickel mineralization at the Texmont property located 36 kilometres south of Timmins, Ontario .

This release contains assay results from 16 additional holes with assays pending from eleven holes. The Company has drilled 39 holes totaling 9,696 metres as part of an exploration program to support the development of a resource. The mineralization has been drilled over a footprint of 1 kilometre along strike to a maximum depth of 444 metres where it remains open (Figures 1 and 2).

Mark Selby , CEO of Canada Nickel Company, said, "The latest assay results continue to confirm our thesis of near-surface high grade intervals within thick mineralized sections which support the potential for near-term, smaller scale, open pit production.  Of particular note, we are excited by the near-surface higher grade interval in hole TEX23-32 in the northern lens which is nearly half a kilometre from the southern high-grade lens. We have now planned additional drilling at the northern lens. We are looking forward to delivering an initial resource and Preliminary Economic Analysis ("PEA") on Texmont this year as its near-term production potential is highly complementary to our large-scale Crawford and regional nickel sulphide project potential."

Current Drill Results

All 39 drillholes intersected mineralized peridotite to varying degrees, with the drill program confirming Canada Nickel's interpretation of the Texmont deposit, as displaying zoning in its mineralization, with a higher-grade core >1.0% ranging between 2 to 8 metres thickness (and being the main target of previous mining), grading into an outer shell of moderate-high mineralization 0.6-1.0% of up to 20 to 30 metres in thickness and followed by further outward shells of moderate and lower grades (Table 1. Figure 3). Overburden in the area varied between 2 and 18 metres in downhole length (average 7.5 metres).

Table 1: Texmont exploration drilling results - high grade highlights

Hole ID

From

To

Length*

Ni

Co

Pd

Pt

Cr

Fe

S


(m)

(m)

(m)

( %)

( %)

(g/t)

(g/t)

( %)

( %)

( %)

TXT22-13

153.0

174.0

21.0

0.52

0.02

0.036

0.030

0.15

5.68

0.63

and

183.0

192.0

9.0

0.49

0.02

0.027

0.023

0.12

5.42

0.58

Including

184

185.5

1.5

1.02

0.035

0.053

0.044

0.13

6.01

1.27

TXT23-15

85.5

104.5

19.0

0.57

0.02

0.034

0.024

0.16

6.00

0.66

including

85.5

93.5

8.0

0.88

0.03

0.061

0.041

0.17

6.55

1.00

Including

91.5

93.5

2

1.24

0.05

0.068

0.049

0.15

6.50

1.70

TXT23-16

202.5

223.5

21.0

0.48

0.02

0.035

0.023

0.13

5.57

0.59

Including

217.5

223.5

6.0

0.72

0.02

0.060

0.040

0.14

5.65

1.09

Including

219

221

2

1.03

1.03

0.03

0.094

0.060

0.13

5.82

TXT23-19

63

184

121

0.52

0.02

0.038

0.029

0.15

5.56

0.48

TXT23-19

63.0

98.7

35.7

0.70

0.02

0.060

0.045

0.14

5.27

0.70

and

144.0

184.0

40.0

0.69

0.02

0.054

0.042

0.16

5.99

0.55

Including

145.0

148.3

3.3

1.24

0.02

0.124

0.087

0.15

5.12

1.06

and

156.5

160.0

3.5

1.20

0.03

0.100

0.071

0.15

5.75

0.94

including

170.0

177.0

7.0

1.03

0.03

0.083

0.069

0.16

6.73

0.81

TXT23-21

64.5

70.5

6.0

0.90

0.02

0.082

0.072

0.15

5.65

0.42

including

64.5

69.0

4.05

1.06

0.02

0.102

0.089

0.15

5.79

0.50

TXT23-22

153.0

193.5

40.5

0.34

0.01

0.017

0.015

0.17

5.83

0.50

TXT23-25

154.5

222.0

67.5

0.58

0.02

0.043

0.034

0.16

6.44

0.83

including

156.0

164.0

8.0

0.85

0.03

0.074

0.054

0.15

7.43

1.27

including

157.5

159.0

1.5

1.02

0.031

0.092

0.064

0.14

8.03

1.8

TXT23-26

112.5

165

52.5

0.50

0.01

0.047

0.044

0.14

5.48

0.53

Including

151.5

165.0

13.5

0.82

0.02

0.125

0.079

0.15

5.53

0.94

Including

151.5

156.0

4.5

1.13

0.02

0.159

0.102

0.15

6.04

1.29

TXT23-27

74.8

78.0

3.2

0.51

0.02

0.048

0.036

0.14

5.11

0.49

TXT23-28

103.5

130.5

27.0

0.52

0.02

0.033

0.042

0.14

5.47

0.62

Including

123.0

124.5

1.5

1.29

0.038

0.147

0.046

0.13

7.02

2.01

Including

129.0

130.5

1.5

1.43

0.045

0.156

0.519

0.14

6.37

1.91

and

225.0

261.0

36.0

0.42

0.01

0.039

0.032

0.15

5.59

0.46

including

258.0

261

3

1.15

0.04

0.235

0.177

0.13

5.63

1.62

TXT23-32

63.0

106.5

43.5

0.59

0.02

0.038

0.029

0.15

5.34

0.52

including

63.0

73.5

10.5

0.95

0.02

0.071

0.047

0.14

5.08

0.79

including

63

66

3

1.22

0.01

0.130

0.077

0.14

4.90

1.00

*Specified drillhole length, note that true widths are uncertain.  Initial interpretation by the Company is that the nickel mineralization is hosted in steeply dipping zones, implying true widths in the range of 70% to 95% of reported intervals

Figure 1 – Plan View of Texmont –Drill results Overlain on TMI (Black rectangle is southern area) (CNW Group/Canada Nickel Company Inc.)

Figure 2 – Texmont Property – Southern Area (CNW Group/Canada Nickel Company Inc.)

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)

( %)

( %)

( %)

TXT22-13

5.0

387.0

382.0

0.21

0.01

0.008

0.009

0.17

6.33

0.33

including

111.0

297.2

186.2

0.29

0.01

0.010

0.010

0.14

5.23

0.30

and

317.8

387.0

69.2

0.21

0.01

0.008

0.009

0.27

6.17

0.28

TXT23-14

47.0

129.9

82.9

0.20

0.01

0.006

0.006

0.18

5.48

0.21

TXT23-15

47.5

169.8

122.3

0.27

0.01

0.010

0.011

0.19

6.08

0.35

TXT23-16

114.5

444

329.5

0.25

0.01

0.009

0.007

0.16

5.45

0.23

including

192.0

285.0

93.0

0.30

0.01

0.016

0.011

0.15

5.37

0.28

TXT23-17

81.0

109.1

28.1

0.21

0.01

0.004

0.006

0.17

5.39

0.18

TXT23-18

40.5

109.7

69.2

0.21

0.01

0.008

0.007

0.15

4.90

0.15

and

123.0

158.0

35.0

0.19

0.01

0.007

0.006

0.18

6.09

0.56

TXT23-19

10.0

193.7

183.7

0.43

0.01

0.027

0.022

0.14

5.45

0.44

TXT23-20

84.0

243.0

159.0

0.23

0.01

0.008

0.008

0.12

5.45

0.34

TXT23-21

51.3

135.7

84.4

0.28

0.01

0.014

0.014

0.14

5.39

0.19

and

148.1

163.5

15.4

0.26

0.01

0.016

0.015

0.12

4.59

0.25

TXT23-22

12.0

260.8

248.8

0.26

0.01

0.011

0.009

0.16

5.44

0.24

TXT23-23

37.6

219.5

181.9

0.24

0.01

0.009

0.008

0.14

5.38

0.10

including

82.5

120.0

37.5

0.30

0.01

0.012

0.009

0.15

5.03

0.12

TXT23-25

3.0

311.8

308.8

0.24

0.01

0.013

0.013

0.13

6.19

0.35

including

125.0

240.0

115.0

0.44

0.01

0.029

0.024

0.15

5.84

0.58

TXT23-26

5.0

240.0

235.0

0.29

0.01

0.015

0.016

0.15

5.42

0.31

including

52.5

165.0

102.5

0.37

0.01

0.026

0.026

0.15

5.54

0.42

TXT23-27

4.0

124.6

120.6

0.21

0.01

0.007

0.010

0.12

5.70

0.29

and

191.2

231.0

39.8

0.20

0.01

0.007

0.014

0.19

5.88

0.14

TXT23-28

14.4

174.1

159.7

0.30

0.01

0.009

0.014

0.13

4.95

0.31

and

222.6

291.0

68.4

0.33

0.01

0.022

0.021

0.15

5.52

0.32

TXT23-32

8.2

300.0

291.8

0.31

0.01

0.016

0.015

0.15

5.11

0.27

*Specified drillhole length, note that true widths are uncertain.  Initial interpretation by the Company is that the nickel mineralization is hosted in steeply dipping zones, implying true widths in the range of 70% to 95% of reported intervals

Figure 3. Cross Sections (25m clipping) *Drillhole assays composited at 6m lengths (CNW Group/Canada Nickel Company Inc.)

Table 3: Texmont Drillhole Orientation

Hole ID

Easting (mE)

Northing (mN)

Azimuth (⁰)

Dip (⁰)

Length (m)

TXT23-13

484830

5334318

270

-82

387

TXT23-14

484790

5334263

270

-45

162

TXT23-15

484790

5334263

270

-65

180

TXT23-16

484790

5334263

270

-90

444

TXT23-17

484789

5334319

270

-45

171

TXT23-18

484799

5334365

270

-45

201

TXT23-19

484790

5334568

90

-48

201

TXT23-20

484790

5334568

90

-86

243

TXT23-21

484925

5334636

270

-57

234

TXT23-22

484893

5334663

270

-70

264

TXT23-23

484905

5334714

270

-52

246

TXT23-25

484720

5334400

90

-58

351

TXT23-26

484768

5334491

90

-55

240

TXT23-27

484755

5334450

90

-55

231

TXT23-28

484798

5334471

90

-70

291

TXT23-32

484915

5335188

265

-65

300


TXT23-13 was collared in komatiite, and intersected a thick sequence of mineralized peridotite, with minor dykes encountered near surface. The hole averaged 0.21% nickel over 382.0 metres, including a higher-grade section of 0.52% nickel over 21.0 metres (see Table 1 for higher grade composites, and Table 2 for entire mineralized composites).

TXT23-14 was collared 70 metres southwest of TXT23-13 and intersected weakly mineralized komatiite 4.7 metres below surface, intersecting mineralized peridotite for a length of 82.9 metres until encountering volcanics at the lower contact. The peridotite section averaged 0.20% nickel.

TXTX23-15 was collared in the same setup as TXT23-14 drilling steeper, intersected komatiite followed by well mineralized peridotite for 122.3 metres. The hole averaged 0.27% nickel, including 0.88% nickel and 0.10g/t Pt+Pd over 8.0 metres.

TXT23-16 was collared on komatiite at 3 metres followed by well mineralized peridotite to end of hole. The mineralized peridotite averaged 0.25% nickel over 329.5 metres, including 0.48% nickel over 21.0 metres.

TXT23-17 was collared in hanging wall mafic intrusive and followed a succession of komatiite and mafic volcanics before intersecting mineralized peridotite at 81 metres. The hole intersected 28.1 metres of peridotite averaging 0.21% nickel.

TXT23-18 was drilled 55 metres northwest of TXT23-13 in komatiite and intersected mineralized peridotite, interrupted by a section of metasediments. The top peridotite averaged 0.21% nickel over 69.2 metres, while the bottom peridotite averaged 0.19% nickel over 35.0 metres.

TEX23-19 was collared 55 metres northwest of the shaft, intersecting well mineralized peridotite at 10 metres below surface, interrupted by minor diabase dykes. The hole averaged 0.43% nickel over 183.7 metres including 0.69% nickel over 40.0 metres and 1.03% nickel over 7.0 metres.

TXT23-20 was collared and ended in mineralized peridotite. The bottom of the hole averaged 0.23% nickel over 159.0 metres including 0.31% nickel over 100.2 metres. Top of hole assays are still pending.

TXT23-21 was collared in komatiite with minor dykes, followed by mineralized peridotite. The top peridotite averaged 0.28% nickel over 84.4 metres, including 0.90% nickel over 6.0 metres and 0.35% nickel over 49.3 metres. The bottom peridotite averaged 0.26% nickel over 15.4 metres.

TXT23-22 was collared in mineralized peridotite at 12 metres below surface. The hole averaged 0.26% nickel over 248.8 metres including 0.34% nickel over 40.5 metres.

TXT23-23 was collared approximately 220 metres northeast of the shaft. The hole intersected 0.24% nickel over 181.9 metres, including 0.30% nickel over 37.5 metres.

TXT23-24 was collared at the hanging wall mafic volcanics and intersected well mineralized peridotite starting at 13.8 metres. The hole has 0.71% nickel over 21.0 metres. Top and bottom of hole assays are still pending.

TXT23-25 was collared on komatiite at 3 metres followed by diabase and a well mineralized peridotite to end of hole. The hole averaged 0.24% nickel over 308.8 metres, including a section of well mineralized peridotite averaging 0.58% nickel over 64.8 metres, including 0.85% nickel over 8.0 metres.

TXT23-26 was collared in mineralized peridotite at 5.0 metres below surface. The hole averaged 0.29% nickel over 235.0 metres including 0.50% nickel over 52.5 metres.

TXT23-27 collared on peridotite at 4 metres below surface and ended in peridotite except for a gabbro section near the bottom of the hole. The top peridotite averaged 0.21% nickel over 120.6 metres, while the bottom peridotite averaged 0.20% nickel over 39.8 metres.

TXT23-28 collared in mafic volcanics at 5.5 metres, followed by well mineralized peridotite starting at 14.4 metres. This section of the peridotite averaged 0.30% nickel over 159.7 metres and included a section of 0.52% nickel over 27.0 metres. The hole is interrupted by a section of a later intrusion but continues on well mineralized peridotite averaging 0.33% nickel over 68.4 metres and includes 0.42% nickel over 36.0 metres.

TXT23-32 is collared in the north zone approximately 650 metres from the shaft. The hole starts on komatiite and remains in mineralized peridotite to the end of the hole. The hole averaged 0.31% nickel over 291.8 metres and includes 0.59% nickel over 43.5 metres with 10.5 metres of 0.95% nickel.

Share Issuances

Canada Nickel also announces that it has agreed to issue 43,924 common shares of the Company (" Common Shares ") in satisfaction of $60,000 due to a service provider for advisory services provided to the Company. In addition, the Company has entered into an agreement to acquire a 100% interest in certain mining claims located in the Timmins, Ontario nickel-sulphide mining district in exchange for 54,000 Common Shares. Canada Nickel has also entered into an agreement with the holder of certain expired mining claims located in the area under which the Company has been provided with the right to re-stake these claims in exchange for consideration of 10,000 Common Shares. Each of the foregoing issuances of Common Shares are subject to the prior approval of the TSX Venture Exchange and will be subject to a four-month hold period under Canadian securities laws.

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
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 carbon capture approach could allow production of Net Zero nickel and generation of an additional tonnes of CO2 credits per tonne of nickel produced after offsetting all emissions, the potential to turn nickel mine into a generator of carbon credits rather than generator of carbon emissions, the production of estimated average of 710,000 tonnes of carbon credits annually and 18 million total tonnes of CO2 of credits over expected life of mine at Crawford, the ability to monetize carbon credits, the ability to quantify carbon capture, emission estimates, the brucite content of the deposit, the scalability of the process, the metallurgical results, the timing and results of the feasibility study including the viability of the inclusion of the IPT Carbonation Process and related facilities as part of the project, the results of Crawford's PEA, including statements relating to net present value, future production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs, timing for permitting and environmental assessments, realization of mineral resource estimates, capital and operating cost estimates, project and life of mine estimates, ability to obtain permitting by the time targeted, size and ranking of project upon achieving production, 5 economic return estimates, the timing and amount of estimated future production and capital, operating and exploration expenditures and potential upside and alternatives. Readers should not place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The PEA results are estimates only and are based on a number of assumptions, any of which, if incorrect, could materially change the projected outcome. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in 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.

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  • 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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Bold Ventures Identifies New Gold Zone at Its Burchell Gold and Copper Property

Bold Ventures Identifies New Gold Zone at Its Burchell Gold and Copper Property

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that it has received assays up to 56.9 gt gold (Au) from a newly identified zone at its Burchell Property ("the Property"), sampled during a prospecting and field reconnaissance program in November of this year. The high-grade sample was collected approximately 15 meters southwest of 2023 samples which returned between 0.04 and 0.51 gt Au. The zone has now been named the 111 (one-eleven) Zone. A geological sketch map of the outcrop exposure was made and three grab samples were collected along or near the zone during the 2024 program (see Table 1 below for coordinates, descriptions, and results). Assay results ranged from

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Vertex Minerals Limited  Power-up Gravity Gold Plant at Reward

Vertex Minerals Limited Power-up Gravity Gold Plant at Reward

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce an update on the Reward Gold mine start up, with powering the plant up now completed and mechanical commissioning underway.

The processing facility rebuild, refurbishment and installation has progressed safely, efficiently and to plan, with the focus now turning to dry and wet commissioning of the respective operating circuits.

HIGHLIGHTS

- Vertex power up the newly installed Gravity Gold plant at the Reward Gold Mine.

- The Power generation units have now been installed and plugged into the Gravity plant.

- The plant components are now all installed and connected electrically.

- Completion of the dry stack tailing storage facility and tailings pipework installation.

- The plant can now be started up and mechanically tested and operated.

- Wet commissioning and ore feed commissioning will follow.

- Ore Sorter installation will be a retrofitted in early January

- Commissioning will be with stockpiled gold ore located alongside the gold plant

Vertex's Executive Chairman, Roger Jackson, said: "On time and within budget, the refurbishment and installation activities at the Reward gravity gold processing plant are almost complete with power up testing now underway. Our focus is now switching to dry and wet commissioning in the lead up to first gold next month. This is an exciting milestone for the company given the quality of the plant and the low capex required to get to this stage".

The Reward gold mine is well placed for a simple start -up:

- The new processing plant has been installed adjacent to the underground mine portal (640 Level) and over the existing footprint of the existing plant

- The 640 Level extends into the resource and no stripping required.

- Second egress in place with existing ladder way from 640 Level to surface.

- Some underground fleet and utility services are already owned by Vertex. With new fleet arriving.

*To view photographs, please visit:
https://abnnewswire.net/lnk/B92995G8



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) 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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Osisko Metals Announces Closing of C$107.4 Million "Bought Deal" Private Placement

Osisko Metals Announces Closing of C$107.4 Million "Bought Deal" Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it has closed its previously-announced "bought deal" brokered private placement offering (the " Offering ") for aggregate gross proceeds of C$107.4 million, including the partial exercise the option granted to the Underwriters (as defined herein). In connection with the Offering, the Company issued an aggregate of (i) 70,326,229 flow-through units of the Company (" FT Units ") consisting of 64,215,117 FT Units at an issue price of C$0.50 per FT Unit and 6,111,112 FT Units at an issue price of C$0.54 per FT Unit, for aggregate gross proceeds of C$35,407,558.98 and (ii) 277,051,466 units of the Company (" HD Units ") at a price of C$0.26 per HD Unit, for aggregate gross proceeds of C$72,033,381.16.

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Noble Minerals Announces Update to Drilling Results from Noble Minerals-Canada Nickel Joint Venture on Mann Twp

Noble Minerals Announces Update to Drilling Results from Noble Minerals-Canada Nickel Joint Venture on Mann Twp

(TheNewswire)

Noble Mineral Exploration Inc.

Highlights

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