NICKEL CREEK PLATINUM ANNOUNCES COVID-19 PRECAUTIONARY MEASURES FOR ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

NICKEL CREEK PLATINUM ANNOUNCES COVID-19 PRECAUTIONARY MEASURES FOR ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Nickel Creek Platinum Corp. (TSX: NCP) (" Nickel Creek " or the " Company ") announced today, out of an abundance of caution,  that in light of the ongoing public health impact of the novel coronavirus disease (" COVID-19 "), and in order to mitigate potential risks to the health and safety of our communities, shareholders, employees and other stakeholders, Nickel Creek is strongly encouraging its shareholders and others not to attend Nickel Creek's annual general and special meeting ("AGSM") in person, which is scheduled for Tuesday May 31, 2022 (the " Meeting ").

Nickel Creek Platinum Corp. logo (CNW Group/Nickel Creek Platinum Corp.)

Shareholders are strongly encouraged to vote on the matters before the Meeting by proxy in advance of the Meeting by one of the methods described in the Company's Management Information Circular, and to listen to the Meeting by way of a live conference call, the details of which are described below. Shareholders of the Company are invited to submit questions in advance of the meeting by email at info@nickelcp.com .  Instructions on voting via proxy can be found in the Company's Management Information Circular and the proxy or voting instruction form sent to all shareholders and available on Nickel Creek's website at www.nickelcreekplatinum.com and under Nickel Creek's profile on SEDAR at www.sedar.com .

Nickel Creek's AGSM of Shareholders Conference Call on Tuesday May 31, 2022 at 11:00 a.m. (Eastern Daylight Time)

Callers should dial-in 15 minutes prior to the scheduled start time and simply ask to join Nickel Creek's call and provide the operator with the conference ID. The dial-in details are as follows:

North American Toll-Free Dial-In Number: 1-866-342-8591
International Dial-In Number: 1-203-518-9713
Conference ID: NICKELCREEK

The Meeting is scheduled from 11:00 a.m. to 12:00 p.m. ( Toronto time).

Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company and its flagship asset is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a large undeveloped nickel sulphide project with a unique mix of metals including copper, cobalt and platinum group metals, located in the Yukon, Canada , one of the most favourable jurisdictions in the world. The Nickel Shäw Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.  The Company is also investigating other opportunities for shareholder value creation.

The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.

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SOURCE Nickel Creek Platinum Corp.

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Nickel Creek Platinum Announces Filing of Pre-Feasibility Study Technical Report for its Nickel Shäw Project

Nickel Creek Platinum Announces Filing of Pre-Feasibility Study Technical Report for its Nickel Shäw Project

Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) ("Nickel Creek" or the "Company") is pleased to announce that further to its news release dated August 24, 2023 the Company has filed a Technical Report titled "Nickel Shäw Ni-Cu-PGM Project PreFeasibility Study for the Nickel Shäw Ni-Cu-PGM Project, Yukon, Canada " ("Technical Report").

Nickel Creek Platinum Corp. Logo (CNW Group/Nickel Creek Platinum Corp.)

The Technical Report, with an effective date of September 20, 2023 , was independently prepared by AGP Consultants Inc. The Technical Report was prepared in accordance with the Canadian Securities Administrator's National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has been filed on SEDAR+ at www.sedarplus.ca and on Nickel Creek's website at www.nickelcreekplatinum.com .

Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company advancing its 100%-owned Nickel Shäw Project ("Project"). The Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.

The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/nickel-creek-platinum-announces-filing-of-pre-feasibility-study-technical-report-for-its-nickel-shaw-project-301949747.html

SOURCE Nickel Creek Platinum Corp.

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Nickel Creek Platinum Announces Positive PFS for its Nickel Shäw Project

Nickel Creek Platinum Announces Positive PFS for its Nickel Shäw Project

 Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) ("Nickel Creek" or the "Company") is pleased to announce the results of a positive pre-feasibility study ("PFS") at its 100%-owned Nickel Shäw Project (the "Project") located in the Yukon Canada. The PFS has been prepared by AGP Consultants Inc. ("AGP"). The estimated Project after-tax net present value ("NPV") at a 5% discount rate is $143 million with an after-tax internal rate of return ("IRR") of 5.8%. All dollars are expressed in Canadian dollars unless otherwise stated.

Nickel Creek Platinum Corp. logo (CNW Group/Nickel Creek Platinum Corp.)

Stuart Harshaw , President and CEO of Nickel Creek commented: "The PFS is an important milestone in realizing the opportunity the Nickel Shäw Project represents in the critical mineral space where it can provide nickel and copper to take advantage of the strong nickel market for EV batteries. The sensitivity to energy costs illustrates how working with the different levels of government can lead to a significant improvement in value, especially when combined with the previously announced intention of the Federal government to provide a tax incentive for critical mineral projects such as Nickel Shäw.  Moving forward, our focus will be to continue to add value to the project through work on identified key economic areas of opportunity and continued mineral exploration success while advancing towards a feasibility study."

Project PFS Highlights
  • $143 million after-tax NPV using a 5% discount rate and an IRR of 5.8% at the following commodity prices: nickel - US$11.00 /pound ("lb"); copper – US$4.00 /lb; palladium – US$2,100 /troy ounce ("troy oz"); platinum – US$1,000 /troy oz; cobalt – US$23 /lb; and gold – US$1,800 /troy oz, each using a 0.75 Canadian to US exchange rate.
  • Life of mine ("LOM") after-tax cash flow of approximately $1.7 billion with an after-tax payback period of 12.7 years.
  • Pre-production capital cost of approximately $1.7 billion , with a construction period of 3.0 years.
Project Opportunities
  • If paying Yukon grid rates of $0.11 /kWhr, the after-tax NPV at a 5% discount rate increases by $324 million to $467 million (see NPV sensitivities section below for additional information).
  • The Company's after-tax NPV at a 5% discount rate increases from $143 million to $336 million if the Canadian tax incentive for critical mineral companies is enacted (see Investment Tax Credit for Clean Technology Manufacturing section below for additional information).
  • The Company plans to further investigate the opportunity of carbon tax offsets associated with carbon sequestration in the tailings facility with ongoing testwork and analysis.
Mineral Resource

On June 1, 2023 , the Company announced an updated mineral resource estimate with an effective date of April 3, 2023 :



Metal Grades



Ni

Cu

Co

Pd

Pt

Au

Mg

S

Class

Ktonnes

%

%

%

g/t

g/t

g/t

%

%

Measured

122,363

0.25

0.15

0.014

0.23

0.24

0.05

16.03

0.78

Indicated

314,332

0.26

0.13

0.014

0.24

0.22

0.04

17.26

0.64

Total M+I

436,695

0.26

0.13

0.014

0.23

0.22

0.04

16.92

0.68

Inferred

114,016

0.27

0.13

0.015

0.25

0.20

0.04

17.46

0.69



Contained Metal





Ni

Cu

Co

Pd

Pt

Au



Class

Ktonnes

M Lbs

M Lbs

M Lbs

k Ozs

k Ozs

k Ozs



Measured

122,363

679

411

38

905

944

184



Indicated

314,332

1,792

871

99

2,385

2,197

361



Total M+I

436,695

2,471

1,281

137

3,290

3,141

545



Inferred

114,016

668

339

37

916

733

128




Notes:

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Summation errors may occur due to rounding.

Effective Date is April 3, 2023.

Mineral Resources amenable to open pit extraction are reported within an optimized containing shell.

Average grade calculations on this table are impacted by rounding.

Tonnages are reported in units of 1,000 metric tonnes (Ktonnes).

Contained Base Metal reported in units of 1,000,000 lbs, M Lbs.

Contained Precious Metal reported in units of 1,000 troy ounces, K Ozs.

Metal Prices for Resource Determination in US$

Nickel: $12.10/lb; Copper: $4.45/lb; Cobalt: $25.30/lb; Palladium: $2,415/troy oz; Platinum: $1,150/troy oz; Gold: $2,015/troy oz.

Net Smelter Return (NSR) cut-off grades range from $17.30 to $17.61 Canadian dollars depending on Bulk Con and Split Con

Mining costs, vary by bench, separately for ore and waste:


Base waste mining cost @1330m = C$2.26/t, 10 m bench incremental cost above = C$0.004/t, 10 m bench incremental cost below = C$0.02/t


Base ore mining cost @1330m = C$1.99/t, 10 m bench incremental cost above = C$0.019/t, 10 m bench incremental cost below = C$0.015/t

Process and G&A costs: Bulk con – C$17.30/t; Split con = C$17.61/t

Calculated process recoveries by concentrate type:












Ni

Cu

Co

Pd

Pt

Au







Bulk con:

Eq1

Eq2

57.0 %

54.0 %

47.8 %

74.4 %







Cu con:

Eq3

Eq4

3.36 %

3.19 %

0.91 %

23.58 %







Ni con:

Eq5

Eq6

53.64 %

50.81 %

46.89 %

50.82 %








where:

Eq1 = Ni recovery to Bulk Con = MIN (23.21*LN(X)+30.362,88)








where

X = (%S-%Cu)/%Ni Capped at 12.0%








Eq2 = Cu recovery to Bulk Con = ((Cu-0.06)/Cu)) *100, Constant tail at 0.06% Cu




Eq3 = Ni recovery to Cu Con=Ni recovery to achieve 25.6% Cu and 1.1% Ni grades in Cu Con




Eq4 = Cu recovery to Cu Con = Cu recovery to Bulk Con * 0.623




Eq5 = Ni recovery to Bulk Con – Ni recovery to Cu Con




Eq6 = Cu recovery to Bulk Con – Cu recovery to Cu Con


Capping of grades varies based on lithology for each metal.


The density is assigned based on lithology and varies between 2.76 g/cm 3 and 3.38 g/cm 3 .

Project Description

The Company's flagship asset is its 100%-owned Nickel Shäw Ni-Cu-Co-PGM Project, located in southwestern Yukon, Canada . The Nickel Shäw Project contains the Company's core Ni-Cu-Co-PGM Wellgreen deposit, as well as the Arch, Burwash, Formula, Musk and Quill claims. The Wellgreen deposit is a polymetallic deposit with mineralization that includes the significant co-occurrence of nickel, copper, cobalt, platinum group metals ("PGMs") and gold.

The Nickel Shäw property contains an extensive Ni-Cu-Co-PGM mineralized system hosted by mafic/ultramafic intrusions related to Triassic-age flood basalts. With over 2.4 billion pounds of nickel, 1.2 billion pounds of copper, 6.9 million ounces of PGMs and 137 million pounds of cobalt in the measured and indicated mineral resource categories, Nickel Shäw is one of the largest undeveloped nickel projects in North America not controlled by a major mining company.

The PFS contemplates that the Nickel Shäw open pit would be mined using conventional open pit methods, with a LOM of over 19 years. From the open pit the ore would be trucked to a primary crusher located adjacent to the pit and conveyed out of the valley to a concentrator designed to process 45,000 tonnes per day ("tpd") of ore. The ore would be fed into a conventional Ni-Cu-PGM flotation concentrator designed to produce a bulk Ni-Cu-PGM concentrate "Bulk conc" or alternatively into split concentrates. The split concentrates would be a Ni concentrate "Ni conc" and a Cu concentrate "Cu conc", as economics dictate. Average annual LOM concentrates production ("dmt") is expected to be 103,100 dmt of Bulk conc, 95,000 dmt of Ni conc and 19,600 of dmt Cu conc. Total LOM payable metal production includes the following:

  • 614.3M lbs nickel;
  • 281.5M lbs copper;
  • 21.5 M lbs cobalt;
  • 626,500 troy ounces platinum;
  • 743,400 troy ounces palladium; and
  • 174,400 troy ounces gold.

The tailings would be stored in a tailings storage facility adjacent to the concentrator. Concentrate would be transported by truck 480 km to the Port of Skagway Ore Terminal. Power will be primarily sourced from a liquified natural gas ("LNG") power plant.

Social & Environmental

The Nickel Shäw Project lies within the Kluane First Nation ("KFN") core area as defined under the Umbrella Final Agreement between the Government of Canada , Government of Yukon and the Council of Yukon First Nations. Effective August 1, 2012 , an Exploration Cooperation Agreement was signed between the KFN and the Company. The KFN and the government of the Yukon Territory have provided very good support for the Nickel Shäw Project.

Ultramafic rocks from the project (in the form of tailings and waste rock) are being assessed for their ability to capture and store carbon. Test work conducted in 2022 confirmed the presence of brucite (a magnesium-rich mineral known to react quickly with CO2 in air) in a subset of samples. On a mass basis, from the achieved reactivity in the testwork, this may enable maximum sequestration of 2.1 kt CO2 per Mt tailings. The Company is evaluating further work which will include the creation of a mineralogy model based on the project's geochemical database to assess the spatial distribution of rocks within the Wellgreen deposit that have high potential to sequester carbon (see news release dated December 15, 2022 for additional details).

Summary of PFS Results

Pre-Tax NPV (5%), IRR

$547 million, 7.7%

After-Tax NPV (5%), IRR

$143 million, 5.8%

Undiscounted After-Tax Cash Flow (LOM)

$1.65 billion

After-Tax Payback Period

12.7 years

Life of Mine (LOM)

19.1 years

Capital Cost

- Initial

- Sustaining

- Total LOM

$1.7 billion

$0.6 billion

$2.3 billion

Operating Cost

$30.22 /mt milled

Mill Throughput

45,000 tpd

Initial 5 Year Annual Average Metal
Production

- Nickel

- Copper

- Cobalt

- Platinum

- Palladium

- Gold


29.1 M lbs

9.1 M lbs

1.1 M lbs

27,400 troy oz

36,200 troy oz

7,700 troy oz

Life of Mine Strip Ratio (W:O)

1.93

Based on the assumed commodity prices noted above, the LOM revenue by metal is as follows: nickel – 62%; palladium – 14%; copper – 10%; platinum 6%; cobalt – 5% and gold – 3%.

NPV Sensitivities

The discount rate sensitivity is as follows:

Discount Rate

After-tax NPV

0 %

$1.7 billion

5% - base case

$143 million

10 %

($459) million

Sensitivity to Nickel and Copper Prices

The after-tax NPV ($Million's) at a 5% discount rate:


Nickel Price (US$)

Copper (US$)

$8.00

$9.00

$10.00

$11.00

$12.00

$13.00

$14.00

$              3.00

(1,003)

(633)

(306)

14

325

628

925

$              3.25

(961)

(599)

(273)

47

357

658

955

$              3.50

(918)

(566)

(240)

79

388

689

985

$              3.75

(876)

(532)

(207)

111

419

720

1,015

$              4.00

(834)

(498)

(174)

143

450

751

1,045

$              4.25

(796)

(465)

(141)

175

481

781

1,075

$              4.50

(762)

(431)

(108)

207

512

811

1,105

Sensitivity to Energy Power Costs

The pre-tax and after-tax NPV ($Million's) at a 5% discount rate:



Power Cost ($kWhr)








Base
case




$0.09

$0.11

$0.13

$0.15

$0.17

$0.194

$0.21

Pre-tax NPV
($Million's)

1,106

998

891

784

676

547

461

After-tax NPV
($Million's)

543

467

391

314

237

143

80

Pre-tax IRR

10.4 %

9.9 %

9.4 %

8.9 %

8.4 %

7.7 %

7.3 %

After-tax IRR

8.2 %

7.7 %

7.3 %

6.8 %

6.4 %

5.8 %

5.5 %

Investment Tax Credit for Clean Technology Manufacturing

The Canadian 2023 federal budget proposed the introduction of a 30% refundable investment tax credit for investments in eligible property associated with eligible activities for clean technology manufacturing and processing, as well as critical mineral extraction and processing (the "Clean ITC"). The Clean ITC would apply to investments in certain depreciable property that is used all or substantially all for eligible activities. This would generally include machinery and equipment, including certain industrial vehicles and related control systems used in manufacturing, processing or critical mineral extraction. A portion of the Clean ITC would be recovered if eligible property is subject to a change in use or sold within a certain period of time.

As of this date, there are no specific details regarding the proposed Clean ITC and has not been legislated. Based on assumptions on the capital that could be eligible for the ITC, if the Company was able to utilize the 30% Clean ITC, the Company estimates that the after-tax NPV for the Project at a 5% discount rate would improve from $143 million to $336 million and the after-tax IRR would improve from 5.8% to 7.2%.

CAPEX and OPEX

The initial capital expenditure contemplated in the PFS, to be incurred over the three-year pre-production period of the Project, amounts to approximately $1.7 billion , with the sustaining capital over the remainder of LOM amounts to approximately $0.6 billion . The LOM capital expenditure is summarized as follows:

Capital ($Million's)


Pre-Production

Sustaining

Total LOM

Open Pit

399

205

604

Processing

510

5

515

Infrastructure

353

258

611

Indirects

245

58

303

Environmental

-

52

52

Contingency

180

60

240

Total

1,687

638

2,325

Operating Costs

The LOM operating costs are summarized as follows:


$/mt Milled

Processing

17.32

Mining

7.30

G&A

2.43

Sub-total

27.05

Concentrate Trucking

2.34

Carbon Tax

0.83

Total

30.22

Future Opportunities and Value Enhancements

The PFS also identified a number of potential optimizations to the Project. These include:

  • Working with energy providers and Yukon government and other stakeholders on an energy strategy to reduce the costs for the project;
  • Additional metallurgical testwork to improve overall recoveries of all payable metals where a 1% recovery improvement represents approximately an after-tax $111 M improvement to the NPV at a 5% discount rate; and
  • Continue drilling on the Arch target to define the potential resource which could provide the opportunity for an early project higher grade feed that may improve overall financial results.

Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company advancing its 100%-owned Nickel Shäw Project ("Project"). The Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.

The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.

Qualified Persons

The PFS was overseen by AGP and the technical information disclosed in this news release was reviewed and approved by Gordon Zurowski of AGP. Mr. Zurowski is a "qualified person" as defined in NI 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and an independent consultant to the Company. The scientific and technical information disclosed in this news release in relation to metallurgical testing, including with respect to 2022-23 variability testwork, was reviewed and approved by Gordon Marrs , P. Eng., of XPS who is a "qualified person" as defined in NI 43-101 and an independent consultant to the Company.

All other scientific and technical information disclosed in this news release was reviewed and approved by Cameron Bell , Nickel Creek's Geological Consultant and a "qualified person" as defined in NI 43-101. Please see the technical report ( September 2018 ) filed under the Company's profile at www.sedar.com , for a description of the Company's data verification and QA/QC procedures.

Cautionary Note Regarding Forward-Looking Information

This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, regarding the results of  technical test work, the estimated mineral resource, the prospect of any future potential economic viability of the Project, future commodity prices and the potential for them to improve, that a feasibility study will ever be commenced and completed, the potential to identify additional mineralization beyond the known resource, timing of  further work on the Project, future demand for nickel and copper concentrates, future demand for battery products, statements concerning the availability and impact of the Clean ITC, the ability of the Company to identify additional opportunities to create shareholder value, and general future plans and objectives for the Company and the Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.

This news release also contains references to estimates of mineral resources. The estimation of mineral resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral resource estimates may have to be re-estimated based on, among other things: (i) fluctuations in nickel, copper or other mineral prices; (ii) results of drilling; (iii) results of metallurgical testing and other studies; (iv) changes to proposed mining operations, including dilution; (v) the evaluation of mine plans subsequent to the date of any estimates; and (vi) the possible failure to receive or maintain required permits, approvals and licences.

For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at www.sedar.com . Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE Nickel Creek Platinum Corp.

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Nickel Creek Platinum Corp Announces Participation in THE Mining Investment Event of the North, Canada's First Tier I Mining Conference, June 19-21 Quebec City

Nickel Creek Platinum Corp Announces Participation in THE Mining Investment Event of the North, Canada's First Tier I Mining Conference, June 19-21 Quebec City

Featuring Critical Metals Day on June 20, 2023

Nickel Creek Platinum Corp (TSX: NCP) is a Canadian mining exploration and development company focused on advancing its 100%-owned Nickel Shäw Project towards becoming Canada's next world-class nickel sulphide mine. Located in the Yukon, the Company's asset is host to over 2.5 billion pounds of nickel, 1.3 billion pounds of copper, 7.0 million ounces of platinum group metals ("PGM's") and 137 million pounds of cobalt in the measured and indicated categories positioning the Company well for the rapidly growing demand for these urbanization commodities. The Company is pleased to announce that it will be participating in THE Mining Investment Event of the North, June 19-21, 2023, ("THE Event") at the Fairmont Chateau Frontenac and Voltigeurs de Quebec Armoury in Quebec City, Canada.

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Nickel Creek Platinum Announces Updated Mineral Resource Estimate at Nickel Shäw Project

Nickel Creek Platinum Announces Updated Mineral Resource Estimate at Nickel Shäw Project

 Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) ("Nickel Creek" or the "Company") is pleased to announce an updated mineral resource estimate at its 100%-owned Nickel Shäw Project located in the Yukon Canada. Under the revised estimate, measured mineral resource tonnage has increased by 31% to 122,363 kt and indicated mineral resource tonnage has increased by 37% to 314,332 kt. Contained Ni in measured and indicated mineral resource categories have increased 31% to 2.47 billion lbs. Grades are largely unchanged with the measured and indicated mineral resource grades at 0.26% Ni, 0.13% Cu, 0.014% Co, 0.23 gt Pd, 0.22 gt Pt and 0.04 gt Au. A complete tabulation of tonnage and grade by category is listed in the table below along with metal prices, recovery information, net smelter return ("NSR") cut-off grades and mining parameters.

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Nickel Creek Platinum Announces Results of 2023 Annual General Meeting

Nickel Creek Platinum Announces Results of 2023 Annual General Meeting

Nickel Creek Platinum Corp. (TSX: NCP) ("Nickel Creek" or the "Company") is pleased to announce the results of its annual general meeting of shareholders (the "AGM") that was held on May 31, 2023 .

Nickel Creek Platinum Corp. logo (CNW Group/Nickel Creek Platinum Corp.)

All of the following business items were approved at the AGM by the requisite majority of shareholder votes cast at the meeting:

  • setting the size of the Board of Directors at seven;
  • electing each management-nominated director; and
  • appointing PricewaterhouseCoopers LLP as Nickel Creek's auditor

The seven directors of Nickel Creek elected at the AGM are: Michele S. Darling , Mark Fields , Stuart Harshaw , Wayne Kirk , Myron G. Manternach , David Peat and Michel (Mike) Sylvestre . Votes for the directors were cast as follows:

Director

Votes For

Votes Withheld

Percent For

Percent Withheld

Michele S. Darling

217,525,825

1,794,599

99.18 %

0.82 %

Mark Fields

217,504,684

1,815,740

99.17 %

0.83 %

Stuart Harshaw

217,324,250

1,996,174

99.09 %

0.91 %

Wayne Kirk

193,819,051

25,501,373

88.37 %

11.63 %

Myron G. Manternach

214,837,710

4,482,714

97.96 %

2.04 %

David Peat

217,440,755

1,879,669

99.14 %

0.86 %

Michel (Mike) Sylvestre

214,513,275

4,807,149

97.81 %

2.19 %


About Nickel Creek Platinum Corp
.

Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company and its flagship asset is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a large undeveloped nickel sulphide project with a unique mix of metals including copper, cobalt and platinum group metals, located in the Yukon, Canada , one of the most favourable jurisdictions in the world. The Nickel Shäw Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska .

The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.

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SOURCE Nickel Creek Platinum Corp.

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VIZSLA COPPER ANNOUNCES ACQUISITION OF UNIVERSAL COPPER

VIZSLA COPPER ANNOUNCES ACQUISITION OF UNIVERSAL COPPER

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) ( FRANKFURT : 97E0) (" Vizsla Copper " or the " Company ") is pleased to announce that it has entered into a definitive arrangement agreement dated February 13, 2024 (the " Arrangement Agreement ") with Universal Copper Ltd. (TSX.V: UNV, FRANKFURT : 3TA2) (" UNV ") whereby Vizsla Copper will acquire all of the issued and outstanding common shares of UNV (the " UNV Shares ") pursuant to a plan of arrangement (the " Arrangement ").

UNV is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties, including its flagship Poplar Project (the " Poplar Project " or the " Project "), one of the most advanced pre-production copper projects in British Columbia .

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Canada Nickel Company's NetZero Metals Intends to Develop Downstream Nickel & Stainless-Steel Processing Facilities in Timmins Region

Canada Nickel Company's NetZero Metals Intends to Develop Downstream Nickel & Stainless-Steel Processing Facilities in Timmins Region

Highlights

  • Processing facilities expected to be the largest nickel processing facility in North America and largest stainless-steel and alloy production facility in Canada , filling a key gap in the North American electric vehicle supply chain – utilizing proven, low environmental footprint technology.
  • Both processing facilities to be designed to be net zero-carbon – utilizing Canada Nickel Company's carbon storage capacity to store CO 2 generated by each facility.
  • NetZero Metals led by Mike Cox with 35 years of nickel processing experience and senior leadership positions with Inco Ltd. and Vale SA overseeing a global portfolio of nickel refineries.

Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) announced today its wholly-owned subsidiary, NetZero Metals Inc. ("NetZero Metals" or the "Company"), intends to develop two processing facilities in the Timmins Nickel District: a nickel processing facility and stainless-steel and alloy production facility.

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SKRR Exploration Inc. Announces Definitive Agreement with X1 Entertainment Group Inc. for the Manson Bay Project, Saskatchewan

SKRR Exploration Inc. Announces Definitive Agreement with X1 Entertainment Group Inc. for the Manson Bay Project, Saskatchewan

SKRR Exploration Inc. (TSXV: SKRR); (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce that, further to its news release on December 4, 2023 it has entered into a definitive agreement (" Definitive Agreement ") with X1 Entertainment Group Inc. (CSE: XONE) (" X1 "), pursuant to which X1 has agreed to acquire a 100% legal and beneficial interest in SKRR's wholly-owned Manson Bay project (the " Property ").

SKRR Exploration Logo (CNW Group/SKRR EXPLORATION INC.)

The Property consists of thirteen (13) contiguous mineral claims totaling 4,293.213 hectares, located in the Trans Hudson Corridor in east-central Saskatchewan , approximately 40km northwest of the historic mining center of Flin Flon , on the Manitoba border.

Transaction Terms

Pursuant to the terms and conditions of the Definitive Agreement, X1 has agreed to acquire (i) 100% of SKRR's rights, title, and interest in the Property, and (ii) all data and information in the possession of SKRR with respect to the Property and the activities conducted thereon (the " Data and Information ", and together with the Property, the " Purchased Assets "). As consideration for the Purchased Assets, X1 has agreed to issue SKRR 1,000,000 common shares in the capital of X1 (the " Consideration Shares "). In addition to a statutory hold period of four months plus one day from the date of issuance, the Consideration Shares will be subject to contractual resale restrictions pursuant to which (i) 50% will be released on the date that is four (4) months following the date of closing (the " Closing Date "), (ii) 25% will be released on the date that is six (6) months following the Closing Date, and (iii) 25% will be released on the date that is eight (8) months following the Closing Date.

X1's acquisition of the Purchased Assets (the " Transaction ") is subject to a number of customary conditions including, but not limited to, meeting all conditions required by the Canadian Securities Exchange to receive approval of the Transaction for X1, including X1 having sufficient working capital for 12 months, which will require additional capital raising activities by X1, and the receipt of approval from X1's shareholders; X1's receipt of a Technical Report prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Project ; each of X1 and SKRR performing and complying in all material respects with the terms and conditions of the Definitive Agreement; and the absence of any material adverse change in respect of the Property. The Transaction cannot be completed until these conditions have been satisfied or waived. There can be no guarantees that the Transaction will be completed as contemplated or at all.

SKRR is a Canadian-based precious and base metal explorer with properties in British Columbia and Saskatchewan – some of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class precious and base metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan . SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

ON BEHALF OF THE BOARD

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the terms and conditions of the Definitive Agreement, the closing of the Transaction and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters, and the Company's plans and goals. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, the interpretation of technical and scientific data, risks related to the inherent uncertainty of exploration and development and cost estimates and the potential for unexpected costs and expenses and including those filed under the Company's profile on SEDAR at www.sedarplus.ca . There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, decrease in the price of metals, equipment failures or failure to obtain the necessary equipment, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

SOURCE SKRR Exploration Inc.

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Grid Battery Metals Team Provides Nevada Exploration Update for 2024

Grid Battery Metals Team Provides Nevada Exploration Update for 2024

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - February 7, 2024 - Grid Battery Metals Inc. (the "Company" or "Grid Battery") ( TSXV:CELL ) ( OTC:EVKRF ) ( FRA:NMK2 ) announces its plans to explore for the upcoming 2024 mineral exploration season in Nevada.

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FPX Nickel Appoints Kim Baird to Board of Directors

FPX Nickel Appoints Kim Baird to Board of Directors

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the appointment of Kim Baird C.M., O.B.C., Hon LL.D. to the Board of Directors, effective immediately.  Ms. Baird is an accomplished leader and strategic advisor working with Indigenous communities, governments, businesses and other organizations. In her prior role as the elected Chief of the Tsawwassen First Nation, she negotiated and implemented British Columbia's first modern urban treaty, establishing for the Tsawwassen People ownership and governance over their land and resources.

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

"We are honoured to welcome Kim to the FPX Board," commented the Company's Chairman, Peter Bradshaw . "Kim is a distinguished expert in Indigenous policy, governance, and economic development and is a highly-regarded advocate for Indigenous peoples. Kim brings expertise in major infrastructure projects and the associated opportunities for economic reconciliation and Indigenous participation in these projects. She will be a tremendous addition to the FPX team as we continue advance our flagship Baptiste Project."

Ms. Baird currently acts as the Chancellor of Kwantlen Polytechnic University and as the interim Chief Administrative Officer for the Tsawwassen First Nation. She previously served on the boards of BC Hydro and the Greater Vancouver Board of Trade, and currently serves as a director on several boards including the Canada Infrastructure Bank. She is a member of both the Order of Canada and the Order of British Columbia , and has been the recipient of several distinguished awards, including the British Columbia Reconciliation Award (2022) and the Queen Elizabeth Platinum Jubilee Award (2022).

The appointment of Ms. Baird is subject to receipt of approval from the TSX Venture Exchange and the Securities Regulatory Authorities.

Grant of Restricted Share Units

The Company has awarded an aggregate of 3,985,000 restricted share units (" RSUs ") under the Company's share compensation plan to officers, employees and non-executive directors. The RSUs will vest in three equal installments on the annual anniversaries and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

About the Decar Nickel District

The Company's Decar Nickel District represents a large-scale greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron mineral called awaruite (Ni 3 Fe) hosted in an ultramafic/ophiolite complex.  FPX's mineral claims cover an area of 245 km 2 west of the Middle River and north of Trembleur Lake, in central British Columbia.  Awaruite mineralization has been identified in several target areas within the ophiolite complex including the Baptiste Deposit and the Van Target, as confirmed by drilling, petrographic examination, electron probe analyses and outcrop sampling.  Since 2010, approximately US $30 million has been spent on the exploration and development of Decar.

Of the four targets in the Decar Nickel District, the Baptiste Deposit has been the focus of increasing resource definition (a total of 99 holes and 33,700 m of drilling completed), as well as environmental and engineering studies to evaluate its potential as a bulk-tonnage open pit mining project.  The Baptiste Deposit is located within the Baptiste Creek watershed, on the traditional and unceded territories of Tl'azt'en Nation and Binche Whut'en, and within several Tl'azt'enne and Binche Whut'enne keyohs. FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders.

About FPX Nickel Corp.

FPX Nickel Corp.  is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron mineralization known as awaruite.  For more information, please view the Company's website at https://fpxnickel.com .

On behalf of FPX Nickel Corp.

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

Forward-Looking Statements

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

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

SOURCE FPX Nickel Corp.

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SKRR Exploration (TSXV:SKRR)

SKRR Exploration Inc. Provides Update on Fathom Nickel

SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce that Fathom Nickel Inc. (CSE: FNI) is undertaking a drill program at its Albert Lake nickel property. The 4-week drill program is anticipated to include between five and seven drillholes for a total of 2,000-2,500 meters (see Fathom's news release dated January 16, 2024 ).

SKRR Exploration logo (CNW Group/SKRR EXPLORATION INC.)

Sherman Dahl , CEO of SKRR commented that: "This is exciting news. The Fathom Lake drill program offers hidden value to all SKRR shareholders as we continue to plan for 2024 developments within Saskatchewan . SKRR continues to hold 2,000,000 common shares of Fathom Nickel and we wish the exploration team success!"

SKRR is a Canadian-based precious and base metal explorer with properties in Saskatchewan – one of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class uranium, precious and base metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan . SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

ON BEHALF OF THE BOARD

Sherman Dahl
President & CEO
Tel: 250-558-8340

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address Fathom Nickel's drilling and future results from drilling, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters, and the Company's plans and goals. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, the interpretation of technical and scientific data, risks related to the inherent uncertainty of exploration and development and cost estimates and the potential for unexpected costs and expenses and including those filed under the Company's profile on SEDAR at www.sedarplus.ca . There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, decrease in the price of metals, equipment failures or failure to obtain the necessary equipment, failure to maintain or obtain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, failure to maintain or obtain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

SOURCE SKRR Exploration Inc.

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