Class 1 Nickel and Technologies Limited is pleased to announce that it has issued an aggregate of 50,000 common shares and granted an aggregate of 50,000 stock options to the Matachewan First Nation further to its previously announced memorandum of understanding with the Matachewan dated March 3, 2021 . The stock options are each exercisable to acquire one Share at an exercise price of $0.87 until February 9, 2023, ...

Class 1 Nickel and Technologies Limited (CSE: NICOOTCQB: NICLF) (the " Company " or " Class 1 Nickel ") is pleased to announce that it has issued an aggregate of 50,000 common shares (" Shares ") and granted an aggregate of 50,000 stock options to the Matachewan First Nation (" Matachewan "), further to its previously announced memorandum of understanding with the Matachewan dated March 3, 2021 (the " MOU "). The stock options are each exercisable to acquire one Share at an exercise price of $0.87 until February 9, 2023, and vest as to 15% on the date of grant, 20% on September 3, 2021, 25% on March 3, 2022, and as to the remaining 40% on September 3, 2022, in each case provided that the MOU remains in force as of the applicable date.

About Matachewan First Nation

Matachewan First Nation is an historic northern Ontario First Nation community that has served as the traditional home for many First Nation families. It is still home to a growing community and the First Nation is actively taking part in partnering and working with the resource development industry in establishing mutually beneficial agreements. The First Nation also prides itself in being able to work with industry with a focus on protecting the environment and ecology on their traditional lands in northeastern Ontario. The community is located approximately 30 kms southeast of the town of Matachewan and about 60 km west of the City of Kirkland Lake, Ontario, Canada.

About Class 1 Nickel

Class 1 Nickel and Technologies Limited (CSE: NICO/OTCQB: NICLF) is a Mineral Resource Company focused on the development of its 100% owned Alexo-Dundonald Property, a portfolio of komatiite hosted magmatic nickel-copper-cobalt sulphide Mineral Resources located near Timmins, Ontario. The Company also owns the Somanike komatiite-hosted nickel-copper sulphide property in Quebec, which includes the famous Marbridge Nickel Mine.

For more information, please contact:
David Fitch, President
T: 011 +61 400.631.608
E: dfitch@class1nickel.com

For additional information please visit our website at www.class1nickel.com and our Twitter feed: @Class1Nickel.

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

Battery Mineral Resources  to Webcast Live at VirtualInvestorConferences.com December 8th

Battery Mineral Resources to Webcast Live at VirtualInvestorConferences.com December 8th

Battery Mineral Resources (TSXV-BMR, OTCQB-BTRMF), based in Canada and focused on supplying the market with battery metals, today announced that Martin Kostuik CEO & Director, will present live at VirtualInvestorConferences.com on December 8th at 12:30pm 2021.

Keep reading... Show less
Electra Increases Base Shelf Offering Size by $50 million

Electra Increases Base Shelf Offering Size by $50 million

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

TSX.V: FCC
OTCQX: FTSSF

Keep reading... Show less
Electra Files Third Quarter 2021 Financial Results

Electra Files Third Quarter 2021 Financial Results

Electra Battery Materials Corporation (TSXV: FCC) (OTCQX: FTSSF) ("Electra" or the "Company") today announced the filing of its unaudited financial results for the three and nine-month period ended September 30, 2021 .

For complete details of the condensed interim consolidated financial statements and the associated management's discussion and analysis, please refer to the Company's filing on SEDAR ( www.sedar.com ) or the Company's website ( www.firstcobalt.com ).

Keep reading... Show less
Canada Silver Cobalt now has a 6-Kilometer Strike Length with Various Levels of Massive Sulphides at Graal Property in Northern Quebec

Canada Silver Cobalt now has a 6-Kilometer Strike Length with Various Levels of Massive Sulphides at Graal Property in Northern Quebec

(TheNewswire)

Canada Silver Cobalt Works Inc.

The consolidation of properties at Graal allows the Company to hold 6 kilometers of land (strike length) containing near-surface Nickel, Copper, and Cobalt mineralization based on historical drilling and the current drill program

Keep reading... Show less
Dalmacia Drilling Delivers Encouraging Initial Copper Results at Battery Mineral Resources Punitaqui Mine

Dalmacia Drilling Delivers Encouraging Initial Copper Results at Battery Mineral Resources Punitaqui Mine

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce encouraging drill core assay results from the 2021 exploration and in-fill drill program at the Punitaqui mine complex ("Punitaqui") in Chile. Punitaqui is slated for resumption of copper concentrate production in mid to late-2022. The Dalmacia Target is second of several historic zones within BMR's Punitaqui project with partially delineated resources and established underground access. Dalmacia is located in the southern portion of the Punitaqui area about 6 kilometers south of the Punitaqui copper processing plant.

Highlights

Keep reading... Show less
Battery Mineral Resources Provides Corporate Development Update

Battery Mineral Resources Provides Corporate Development Update

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to provide an update regarding business activities and outline steps towards potential near term cash generation. The recently acquired Punitaqui mine in Chile is slated for resumption of copper production in mid to late-2022.

Battery is an investor focused company with high-quality assets providing shareholder exposure to the global mega-trend of electrification via our assets and the commodities they represent - namely cobalt, graphite, lithium and copper. BMR is determined to provide value growth through cash-flow, exploration and acquisitions in top mining jurisdictions.

Keep reading... Show less

Top News

Related News