TSXV:CNC

Canada Nickel Company Announces Appointments to Senior Management Team and Nominations to Board of Directors

Canada Nickel Company Inc. (" Canada Nickel " or " The Company ") (TSXV:CNC) (OTCQB: CNIKF) announces the appointment of Pierre-Philippe DupontĀ as Vice-President of Sustainability, Wendy Kaufman as Chief Financial Officer, and the nomination of three Independent, Non-Executive Directors to the Board: Mr. Kulvir Gill Ms. Jen Morais and Ms. Francisca Quinn . The Board nominations are subject to the approval of the TSX Venture Exchange and shareholders at a meeting expected to be held in December 2020 . The nominees will serve as Board observers until such meeting.

"With our Crawford Project progressing rapidly towards development, we are taking the necessary steps to build a highly skilled management team with extensive experience in project financing and permitting," said Mark Selby , Chair and CEO of Canada Nickel. "Wendy and Pierre-Philippe both have broad experience in Canadian mining developments, which will be critical as we advance Crawford to be shovel-ready in the next 24 months."

Vice President, Sustainability

Pierre-Philippe DupontĀ has been appointed Vice President of Sustainability effective November 1, 2020 . Ā He brings over fifteen years of experience with particular expertise in base metal mining projects. For nearly ten years, he held the role of Director of Sustainability for RNC Minerals, where he led the effort to fully permit the large scale Dumont Nickel project. Most importantly, this was accomplished with the full support of the local community and First Nation stakeholders through the implementation of an extensive consultation process that is now regarded as a benchmark today.Ā  He was actively involved in the negotiation of an Impacts and Benefits Agreement (IBA) signed with the Pikogan First Nation, believed to be the first IBA signed by the Quebec Algonquins.Ā  Prior to RNC Minerals, he was also involved in the permitting process of major resource projects such as the Canadian Malartic Gold Mine and the Canadian Royalties Nickel Mine. He was also recognized in 2015 by the leading economic journal Les Affaires, as one of the 25 most promising young leaders in Quebec . Ā Prior to joining Canada Nickel, he was employed at Glencore's Horne Copper smelter as Director of Sustainability, where he managed the environment, health and safety, governance, communications and community relations departments. A biologist by training, his first passion has always been the protection and conservation of aquatic biodiversity, leading him to a Masters Degree in Science in conservation genetics from Laval University.

Chief Financial Officer

Wendy Kaufman has been appointed Chief Financial Officer (CFO) for Canada Nickel effective November 1, 2020 . She brings significant expertise and more than twenty-five years experience leading with junior and mid-tier publicly-listed mining companies in project financing, capital structuring, capital markets, accounting, internal controls, tax, financial reporting and public disclosure. Her skills and experience, including the completion of a $4 billion finance package for Cobre Panama during her time at Inmet Mining, one of the largest finance packages assembled by a mid-tier mining company, will be directly relevant to her role overseeing the financing strategy for Canada Nickel's 100% owned Crawford Nickel-Cobalt Sulphide Project.

She was previously the CFO at Khiron Life Sciences Corporation and has also held CFO and senior finance positions at Pasinex Resources Limited, Primero Mining Corporation and Inmet Mining Corporation. Wendy holds a Bachelor of Business Administration from Wilfrid Laurier University and is a Chartered Professional Accountant (CPA, CA).

Canada Nickel has also made three new appointments to its Board of Directors.

" These appointments to the Canada Nickel Board demonstrates our continued commitment to building a world class, sustainable mining company.Ā  Each Director brings a unique set of skills and expertise that will allow us to continue to rapidly advance Crawford," said Selby. "All three directors bring a wealth of executive experience, technical expertise and have a track record of success in working with or advising mining companies and their investors within the global landscape. We are pleased to welcome Mr. Gill, Ms. Morais and Ms. Quinn, and are eager to benefit from their knowledge, network, and capability as we continue to advance the Crawford Nickel Cobalt Sulphide Project."

Kulvir Singh Gill
Ā  Independent, Non-executive Director
Mr. Kulvir Singh Gill has twenty years of experience working with innovation and sustainability within the global mining industry.Ā He works with the strategy firm Clareo to lead innovation and growth projects for international Fortune 500 clients across multiple industries in the mining, oil and gas and heavy industrial sectors.Ā He was the Founding Executive Director of the Development Partner Institute (DPI) which advanced sustainability in the mining industry. In his current role as Associate Director with the DPI, he has convened global working groups, spoken at major mining conferences and led their regional catalyst programs in South Africa , Brazil , Ecuador and Peru . He has also recently served as the Innovation Ecosystem Manager for the Canadian Mining Innovation Council (CMIC).

He began his career as a management consultant with Oliver Wyman before holding several positions with Barrick Gold involving supply chain management, post-merger integrations, strategic planning, innovation and sustainability. He is also passionate about community service, being the co-founder of the Seva Food Bank in Mississauga . He serves on the boards of the William Osler Health System, the Empire Club of Canada and the Sikh Research Institute. Mr. Gill is a recipient of the Queen Elizabeth II Diamond Jubilee Medal and a 2010 Action Canada Fellow. He holds a B.Sc. and a B. Comm. from the University of Calgary and the ICD.D designation from the Institute of Corporate Directors.

Jennifer Morais , BA, MBA CFA
Ā  Independent, Non-executive Director
Ms. Jennifer Morais has over twenty years of experience as a senior executive in the global private equity and alternatives industry, complemented by a further decade of work experience in the global mining finance and management consulting fields. She is currently Co-Founder and Managing Partner of Acuity Partners Inc., an advisory practice serving the strategic needs of private equity, private credit and other alternative investment firms.

Prior to founding Acuity Partners, she spent 17 years as both a GP (as a senior member of TPG Capital's investor relations team) and an institutional investor (or LP) at each of CPPIB and OMERS Capital Partners. While at TPG, she raised $2 billion of capital from Canadian and US sovereign wealth funds, pension plans, and insurance companies for TPG's private equity, real estate and hedge fund products. Highlights of her career at CPPIB include: over $9 billion of capital commitments to managers in North America , Europe , Asia and Latin America ; applying her passion for research and strategic partner identification to formulate the private equity group's first Asian strategy and CPPIB's entry into Latin America ; and playing an instrumental role on over 50 external advisory boards (or limited partner advisory committees) and the investment committees of several investment platforms within CPPIB. While at OMERS Capital Partners, she participated in both fund investing, and in direct co-investments, which initiated and honed her private equity investment judgement skills.

Ms. Morais also spent several years at Hatch Associates as a management consultant to global natural resources companies (mining, pulp and paper, steel) on the adoption of leading industry key manufacturing and cost performance metrics. She also previously worked with the Global Mining Group at CIBC World Markets where she participated in the analyzing and underwriting of several greenfield mine development project financings in South America , Asia and Africa . She is a Chartered Financial Advisor (CFA) charter holder and a member of the Toronto CFA society. She holds a Bachelor of Commerce and MBA from the University of Toronto .

Francisca Quinn , MSc
Ā  Independent, Non-executive Director
Ms. Quinn is the Co-founder and President of Quinn & Partners Inc., a recognized advisory firm whose mission is to advance sustainability in business and capital markets. It supports organizations to design and execute sustainability / ESG leadership strategies to enhance organizational reputation, manage risks, create value, identify business opportunities and ultimately create more resilient, future-oriented businesses. Clients include significant institutional investors, public and private companies, many of which are continually supported over multi-year mandates. Ms. Quinn leads advisory mandates with the top ten North American pension plans and alternative fund managers. Quinn & Partners became a B Corp in 2014 to reinforce its commitment to positive environmental and social impacts and company values.

Ms. Quinn has 25 years of corporate strategy experience. She started her consulting career in 1995 with Oliver Wyman , a leading international management consultancy, where she specialized in growth strategies and organisational design for Fortune 500 companies. Her personal engagement on climate change brought her to the Carbon Trust in London in 2002, where she worked with FTSE companies on carbon emissions reduction and global investors on identifying risks and opportunities from climate change.Ā  At WSP, which she joined in 2008, she built a corporate sustainability advisory practice, serving sustainability leaders across a wide range of industries.

Ms. Quinn has spoken on ESG, sustainability and climate change-related topics to business and investor audiences and is a sought after moderator on ESG integration in alternative asset classes. She has a deep personal engagement in environmental issues and champions a low carbon lifestyle. She is a board member of No. 9 Contemporary Art & the Environment; an arts organization that uses art and design to bring awareness to environmental concerns.

Ms. Quinn holds a Masters Degree of Science in Economics and Masters of Business Administration from the Stockholm School of Economics . In 2014 and 2018, Francisca was recognized as a Clean50 honouree for her contributions to clean capitalism in Canada .

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets.Ā  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 and cobalt in low political risk jurisdictions.Ā  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

Cision View original content: https://www.prnewswire.com/news-releases/canada-nickel-company-announces-appointments-to-senior-management-team-and-nominations-to-board-of-directors-301160277.html

SOURCE Canada Nickel Company Inc.

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First Atlantic Nickel to Attend Benchmark Mineral Intelligence's GIGA USA 2025 Conference, Highlighting Atlantic Nickel Project's Smelter-Free Processing for North America's Critical Minerals Supply Chain

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce its participation at the Benchmark Mineral Intelligence GIGA USA 2025 conference, taking place June 3-4, 2025, in Washington, DC. The Company will participate in strategic meetings during this critical mineral conference to demonstrate how its Atlantic Nickel Project addresses the growing need for nickel mining that can be completely processed in North America. The Atlantic Nickel Project contains nickel in the form of awaruite, a naturally occurring, sulfur-free, highly magnetic mineral with approximately 75% nickel content. These unique properties enable direct processing through magnetic separation and flotation, eliminating reliance on foreign overseas smelting or roasting operations. This simplified mineral processing method significantly lowers energy requirements and reduces environmental impacts, strengthening the development of a resilient, domestic critical minerals supply chain.

The GIGA USA conference brings together key players from across the critical minerals sector for two days of networking, dealmaking, and policy discussions. Attendees include major automakers such as Tesla, Ford, General Motors, Rivian, Mercedes-Benz, and Volkswagen; battery manufacturers like LG Energy Solutions, Samsung SDI, and Panasonic Energy; and global mining companies including Rio Tinto, Vale, Glencore, South32, and Anglo American. Government representatives from the U.S. Department of Energy, U.S. Department of Commerce, U.S. Department of Defense, U.S. Department of State, the Government of Quebec, the Embassy of Canada, and the Delegation of the European Union will also attend. Conference topics will address the expansion of the United States' lithium-ion battery gigafactory industry and the need to establish secure, sustainable supply chains for critical raw materials, including lithium, nickel, graphite, cobalt, manganese and rare earth elements.

The conference addresses key areas of focus including strengthening the U.S. critical minerals supply chain through domestic production and expanded gigafactory capacity, examining policy and trade impacts, such as the Inflation Reduction Act (IRA), and enhancing national security through critical mineral independence. The conference will also focus on investment and financing opportunities for next-generation mining projects, innovations in battery technology and sustainability, and the importance of global collaboration and strategic partnerships.

The Company's Atlantic Nickel Project offers a secure and reliable solution for domestic nickel production. By leveraging awaruite's sulfur-free composition, high nickel content and magnetic properties, the project enables simple processing through magnetic separation and flotation without the need for secondary processing such as smelting or roasting. Unlike traditional nickel sulfide and laterite projects that undergo energy-intensive processes creating harmful waste and emissions, awaruite's metallurgical properties enable complete domestic nickel production while eliminating reliance on overseas processing. The lower energy requirements and sulfur-free nature of awaruite result in a reduced carbon and environmental footprint. The Company remains committed to strengthening North American critical minerals supply chains, with the Atlantic Nickel Project positioned to provide a secure, reliable nickel source for North American industries including electric vehicles, batteries, defense, and stainless steel manufacturing.

Conference Meeting Requests

First Atlantic welcomes the opportunity to meet with strategic partners, shareholders and investors during the GIGA USA 2025 conference. Interested parties are encouraged to contact Rob Guzman at rob@fanickel.com or by phone at 844-592-6337 to arrange meetings. The conference takes place June 3-4, 2025 in Washington, DC.

Phase 2 Drilling Update

The Phase 2 drilling program is currently underway and successfully expanding the awaruite mineralization identified in multiple drill holes during the Phase 1 campaign. Technical improvements, including optimized HQ/NQ drill configurations and enhanced drill bit selection, have enabled the current program to reach greater depths than previously achieved. The Company anticipated providing updates on the Phase 2 drill holes in the coming weeks.

For further information, questions, or investor inquiries, please contact Rob Guzman at First Atlantic Nickel by phone at +1-844-592-6337 or via email at rob@fanickel.com

Corporate Update

The Company also announces that on May 21, 2025 it closed the definitive agreement dated May 6, 2025 (the "Purchase Agreement") to acquire a 100% interest in eight mineral licenses totaling approximately 3,350 hectares. These licenses are strategically located around the Company's Atlantic Nickel Project in central Newfoundland, in the Cold Spring Pod and Coy Pond areas. Under the terms of the Purchase Agreement, the Company has issued 1,000,000 Shares at a deemed price of $0.205 per Share. These Shares are subject to a statutory hold period of four months and one day, in accordance with applicable Canadian securities laws. And further to its May 6, 2025 news release, it closed the previously announced settlement agreement (the "Settlement Agreement") on May 22, 2025, to settle outstanding obligations totaling $202,950 owed to an arm's length creditor (the "Creditor") related to accounting services provided under a consulting agreement dating back to 2017. Pursuant to the Settlement Agreement, the Company has issued an aggregate of 312,500 common shares (each, a "Share") at a deemed price of $0.32 per Share. These Shares will be released in three equal tranches over a 12-month period and are subject to a statutory hold period of four months and one day, in accordance with applicable Canadian securities laws.

Awaruite (Nickel-iron alloy Niā‚‚Fe, Niā‚ƒFe)

Awaruite, a naturally occurring sulfur-free nickel-iron alloy composed of Niā‚ƒFe or Niā‚‚Fe with approximately ~75% nickel content, offers a proven and environmentally safe solution to enhance the resilience and security of North America's domestic critical minerals supply chain. Unlike conventional nickel sources, awaruite can be processed into high-grade concentrates exceeding 60% nickel content through magnetic processing and simple floatation without the need for smelting, roasting, or high-pressure acid leaching 1 . Beginning in 2025, the US Inflation Reduction Act's (IRA) $7,500 electric vehicle (EV) tax credit mandates that eligible clean vehicles must not contain any critical minerals processed by foreign entities of concern (FEOC) 2 . These entities include Russia and China, which currently dominate the global nickel smelting industry. Awaruite's smelter-free processing approach could potentially help North American electric vehicle manufacturers meet the IRA's stringent critical mineral requirements and reduce dependence on FEOCs for nickel processing.

The U.S. Geological Survey (USGS) highlighted awaruite's potential, stating, "The development of awaruite deposits in other parts of Canada may help alleviate any prolonged shortage of nickel concentrate. Awaruite, a natural iron-nickel alloy, is much easier to concentrate than pentlandite, the principal sulfide of nickel." 3 Awaruite's unique properties enable cleaner and safer processing compared to conventional sulfide and laterite nickel sources, which often involve smelting, roasting, or high-pressure acid leaching that can release toxic sulfur dioxide, generate hazardous waste, and lead to acid mine drainage. Awaruite's simpler processing, facilitated by its amenability to magnetic processing and lack of sulfur, eliminates these harmful methods, reducing greenhouse gas emissions and risks associated with toxic chemical release, addressing concerns about the large carbon footprint and toxic emissions linked to nickel refining.

First Atlantic Nickel Corp.

Figure 1: Quote from USGS on Awaruite Deposits in Canada

The development of awaruite resources is crucial, given China's control in the global nickel market. Chinese companies refine and smelt 68% to 80% of the world's nickel 4 and control an estimated 84% of Indonesia's nickel output, the largest worldwide supply 5 . Awaruite is a cleaner source of nickel that reduces dependence on foreign processing controlled by China, leading to a more secure and reliable supply for North America's stainless steel and electric vehicle industries.

Investor Information

The Company's common shares trade on the TSX Venture Exchange under the symbol " FAN ", the American OTCQB Exchange under the symbol " FANCF " and on several German exchanges, including Frankfurt and Tradegate, under the symbol " P21 ".

Investors can get updates about First Atlantic by signing up to receive news via email and SMS text at www.fanickel.com . Stay connected and learn more by following us on these social media platforms:

https://x.com/FirstAtlanticNi

https://www.facebook.com/fanickelcorp

https://www.linkedin.com/company/firstatlanticnickel/

FOR MORE INFORMATION:
First Atlantic Investor Relations
Robert Guzman
Tel: +1 844 592 6337
rob@fanickel.com

Disclosure

Adrian Smith, P.Geo., a director and the Chief Executive Officer of the Company is a qualified person as defined by NI 43-101. The qualified person is a member in good standing of the Professional Engineers and Geoscientists Newfoundland and Labrador (PEGNL) and is a registered professional geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed herein.

About First Atlantic Nickel Corp.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is a Canadian mineral exploration company developing the 100%-owned Atlantic Nickel Project, a large-scale nickel project strategically located near existing infrastructure in Newfoundland, Canada. The Project's nickel occurs as awaruite, a natural nickel-iron alloy containing approximately 75% nickel with no-sulfur and no-sulfides. Awaruite's properties allow for smelter-free magnetic separation and concentration, which could strengthen North America's critical minerals supply chain by reducing foreign dependence on nickel smelting. This aligns with new US Electric Vehicle US IRA requirements, which stipulate that beginning in 2025, an eligible clean vehicle may not contain any critical minerals processed by a FEOC (Foreign Entities Of Concern) 6 .

First Atlantic aims to be a key input of a secure and reliable North American critical minerals supply chain for the stainless steel and electric vehicle industries in the USA and Canada. The company is positioned to meet the growing demand for responsibly sourced nickel that complies with the critical mineral requirements for eligible clean vehicles under the US IRA. With its commitment to responsible practices and experienced team, First Atlantic is poised to contribute significantly to the nickel industry's future, supporting the transition to a cleaner energy landscape. This mission gained importance when the US added nickel to its critical minerals list in 2022, recognizing it as a non-fuel mineral essential to economic and national security with a supply chain vulnerable to disruption.

Neither the 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.

Forward-looking statements:

This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information.

Forward-looking information in this news release includes, but is not limited to: statements regarding: the timing, scope and results of the Company's Phase 1 and Phase 2 work and drilling programs; future project developments; the Company's objectives, goals, and future plans; statements and estimates of market conditions; the viability of magnetic separation as a low-impact processing method for awaruite; the strategic and economic implications of the Company's projects Ā  ; and expectations regarding future developments and strategic plans; Ā  Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining and clean energy industries.Ā Additional factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on http://www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no mineral reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.Ā The Company undertakes no obligation to update forward-looking information, except as required by applicable securities laws.

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Ni-Co Energy

Ni-Co Energy Set to Mobilize Critical Minerals Exploration just 90 km from Montreal

Ni-Co Energy Inc. announces that its technical team will be mobilized to the Kremer property around mid-June 2025. The project is located approximately 90 km north of downtown Montreal and about 15 km from the nearest municipality, in a remote forested area with access via an existing road and close proximity to the hydroelectric grid.

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Nickel Outlook: World Edition

Nickel Outlook: World Edition

Nickel Outlook: World Edition

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First Atlantic Nickel Extends Strike Length of RPM Zone Discovery by 400 Meters, Intersecting .23% Nickel Over 396 Meters in Fourth Drill Hole

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is excited to report assay results from drill hole AN-24-05, the fourth and final hole of the Phase 1 drilling program at the RPM Zone, located within its 100%-owned Atlantic Nickel Project in central Newfoundland. This hole, positioned as a 400-meter step-out to the north of the initial discovery hole (AN-24-02), intersected 396 meters grading 0.23% nickel and 0.29% chromium, starting after 6 meters of overburden and continuing to the end of the hole. These results confirm an initial 400-meter north-south mineralized strike length of near surface mineralization.

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