NORDEN CROWN COMPLETES SUMMER DRILLING EXPLORATION PROGRAM AT THE BURFJORD COPPER-GOLD PROJECT, NORWAY

NORDEN CROWN COMPLETES SUMMER DRILLING EXPLORATION PROGRAM AT THE BURFJORD COPPER-GOLD PROJECT, NORWAY

Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: NOCR) (OTC: NOCRF) ( Frankfurt : 03E) is pleased to announce completion of a 3,499.40 m metre diamond drilling program at its 100% owned Burfjord Copper Project (" Burfjord " or the " Project ") in partnership with Boliden Mineral AB ("Boliden) in northern Norway . The primary objective of the drill program was to evaluate the copper-gold grade and continuity of newly established targets within areas of extensive historical mining and trenching.

Norden Crown intersected previously untested IOCG style copper mineralization, which subsequently became the focus of the drilling program.  Norden Crown is excited to share the assay results in the coming months.

Norden Crown simultaneously completed a 6,800 - sample soil survey, a 3-week geological and structural mapping campaign and borehole electromagnetic geophysical surveys during the exploration program.

Previous drilling by Norden Crown (see News Release dated March 20, 2019) at Burfjord returned compelling results including an intercept of 32 metres averaging 0.56% copper and 0.26 g/t gold (including 3.46 metres of 4.31% copper and 2.22 g/t gold) below a cluster of historical mine workings at the Gamlegruva target area 1,2 . Previous drilling confirmed presence of high grade carbonate-jasper-magnetite-chalcopyrite-bornite veins cutting through pervasively magnetite-albite altered gabbro with broad mineralized zones within carbonate-magnetite-chalcopyrite stockworks and breccias enveloping these high-grade veins, under the historical workings. Historical drilling on the Project (Cedarsgruven) was reported to have returned 7.0 metres averaging 3.6% copper 3 .

Patricio Varas , Chairman and CEO of Norden Crown stated, "The joint Norden-Boliden exploration team has made significant advancements at Burfjord this summer.  The approach was to carry out an integrated exploration program employing an excellent team to carry out diamond drilling, geological mapping, geochemical sampling, and borehole geophysics to build a full, multi-disciplined, picture of the prospectivity around so many of the copper and gold bearing workings.  The programs were optimized using a dynamic exploration workflow with follow-up and new target drill testing resulting from new insights around the multiple targets during this program.  We await with excitement to receive the analysis from a number of core samples that will surely confirm highly indicative copper results, particularly in the Gamlegruva prospect area where typical IOCG mineralization was confirmed.  Plans are already being formulated to carry out a follow-up drill program in the winter and we look forward to using the new data and knowledge gained from the various surveys to confirm and test mineralization of economic importance."

Diamond Drilling

Norden Crown completed 3,499.40 metres of diamond drilling in 18 drill holes  designed to test a combination of geological, geochemical, and geophysical targets identified from 2020 and 2021 field programs (Figure 1).  Drilling commenced on July 4 th and finished on September 4 th , 2022.  All exploration staff and contractors have now demobilized from site and a small road remediation operation is underway.

Most of the drilling this year has focused on the Eastern Limb of the Burfjord anticline (Gamlegruva and A-Gruva target areas) which constitutes a ~5-kilometre-long trend of discontinuously outcropping copper occurrences and historical mine adits that contain copper sulphide mineralization (chalcopyrite and bornite) associated with magnetite-hematite-jasper-bornite-chalcopyrite veins and carbonate-magnetite-chalcopyrite vein stockworks and breccias, hosted in sodic and potassic altered pillow basalts and gabbros (Figure 1).

Holes at Gamlegruva tested a gabbro unit associated with a magnetic feature (Figure 2) and surface copper bearing vein stockworks.  Hole BUR-22-012 intersected several significant magnetite-jasper-hematite-bornite-carbonate-chalcopyrite veins and adjacent zones of carbonate-magnetite-hematite-quartz-chalcopyrite vein stockwork and breccias.

Follow up drill holes (BUR-22-013 and BUR-22-017) were completed to test the down dip and along strike (northward step outs up to 130 metres) continuity of mineralization intersected in BUR-22-12.  These drillholes confirmed the continuity of significant IOGC style copper mineralization within a pervasively magnetite-albite altered gabbro unit.

The magnetic feature associated with newly intersected IOCG mineralization extends southward and continues under the Caledonian nappe complex and northwards along the host gabbro unit (Figures 1 and 2).  Additional drilling is required to test this target at depth.

The first batch of samples from the program is currently being assayed with results expected in the coming weeks.  The final batch of samples is now at the assay laboratory and Norden Crown looks forward to sharing the results of this drill program in the coming months.  Planning is already underway to continue building on the newly discovered copper mineralization at Gamlegruva.

Geological Mapping

A total of 3 weeks of geological mapping has been completed at Burfjord in 2022. Mapping focused on tracing the surface expression of the copper mineralized vein trend intersected in BUR-22-012 and follow up drillholes (Figure 1).

Several discontinuously outcropping magnetite-hematite-jasper-chalcopyrite-bornite and carbonate-magnetite-chalcopyrite-quartz veins (up to 1.5m wide) with halos of ankerite-jasper-magnetite-chalcopyrite stockwork were identified along a trend which

Norden Crown Metals Corp Logo (CNW Group/Norden Crown Metals Corp.)

extends the zone along strike for at least 450 meters north of the newly identified mineralized trend at Gamlegruva. This significantly increases Norden's confidence in the target which will be a focus for drilling in Q1 2023.

Furthermore, mapping across the eastern limb has been completed with the aim of collecting structural data on copper-bearing veins.  The information compiled from the geological and structural mapping program is being fed into the GIS database in order to improve the current geological modelling and technical understanding of the target areas and will aid with the planning of exploration programs and drilling envisioned for the 2023 winter.

Borehole Geophysics

Geophysical surveys were conducted between July 22 nd and September 7 th on boreholes drilled between 2018 and 2022. Fourteen (14) drillholes were surveyed with downhole electromagnetics, furthermore, fourteen (14) drillholes were also surveyed with an optical televiewer and petrophysical surveys were carried out on 15 drillholes.

Preliminary results from the borehole electromagnetics have identified two significant off-hole conductive features at the Gamlegruva target area.  These results are being evaluated to place these features in a geological context based on previous mapping and drillhole data.

Optical televiewer data has been collected and processed and is currently being interpreted. These data will be used to establish the orientation of copper mineralized veins and to further constrain the 3-dimensional geometry of the target areas.

Petrophysical survey data is being processed which will be used to refine magnetic models at Burfjord to highlight regions of increased mineralized fluid flow.

Soil Sampling

A total of 6,800 soil samples were collected over the Burfjord licences this summer. Grids were planned with 20-meter sample spacing and line spacing of 100m between east-west lines.

An orientation soil survey consisting of 2,400 samples over an area of 5.1 sq-km was completed between July 1 st and July 15 th over the Kisgangen target area to test the suitability of the exploration method at Burfjord.  Several anomalies were identified over known copper occurrences and the survey was consequently expanded between August 5 th and August 15 th over the northern licence area.  An area of 9.5 sq-km was covered with the collection of an additional 4,400 samples, encompassing the Cedarsgruven and Magnusgruven target areas (see Figure 2), which have seen little to no modern exploration.

Samples are currently being analysed and preliminary results will be used to guide the planning of follow up drilling.  Anomalies will be evaluated and ranked in advance of follow-up drill targeting at the various target zones including Cedarsgruven, where 2021 drilling returned 12 metres averaging 1.27% Cu in hole BUR-21-011 (see News Release dated April 11 th , 2022). Magnusgruven has not yet been drill tested.

Figure 1. Overview map of 2022 drillholes. (CNW Group/Norden Crown Metals Corp.)

Overview of the Burfjord Project

The Project, located in the Kåfjord Copper Belt near Alta, Norway , is highly prospective for Iron Oxide Copper Gold (IOCG) and Sediment Hosted Copper mineral deposits which contribute significantly to copper production globally.

Burfjord is comprised of six exploration licenses totalling 5,500 hectares. Within the license area, during the nineteenth century, copper mineralization was mined from over 30 historical mines and prospects developed along the flanks of a prominent 4 x 6-kilometre anticlinal fold consisting of interbedded sedimentary and volcanic rocks. Many of the rocks in the anticline are intensely hydrothermally altered and contain sulphide mineralization.

The high-grade copper gold veins at Burfjord, that were historically mined at cut- off grades of 3-5% copper, are surrounded by envelopes of stockwork veins or disseminations of copper mineralization extending tens to hundreds of metres laterally into the host rocks. Norden Crown believes this mineralization has economic potential and represents an attractive bulk tonnage exploration drilling target. Copper bearing veins in the area are dominated by ferroan carbonate, sodium-rich minerals, and iron-oxide minerals (magnetite and hematite), but also contain the economically important minerals chalcopyrite, bornite and chalcocite in addition to cobalt-rich pyrite as generally coarse-grained (often 0.5 centimetre to multi-centimetre scale) disseminations in the veins.

Burfjord Joint Venture Terms

Norden Crown entered into an option agreement (the "Agreement") with Boliden in respect to Burfjord (see June 10, 2020 News Release).  In order to earn its 51% interest in the Project, Boliden must fund 100% of the exploration programs by spending US$6 Million over the next four years.  Work on the exploration programs is directed by a joint Norden Crown-Boliden Technical committee.

About Norden Crown Metals Corp.

Norden Crown is a mineral exploration company focused on the discovery of Zinc, Copper, Silver, Gold, Cobalt and Nickel deposits in exceptional, historical mining project areas spanning Sweden and Norway . The Company aims to discover new economic mineral deposits in known mining districts that have seen little or no modern exploration. The Company is led by an experienced management team and technical team, with successful track records in mineral discovery, mining development and financing.

References

1.         Intercept reported as seen in drill core. The true width is estimated at 85-100% of the reported interval.

2.         See Norden Crown's April 11, 2022, News Release for discussion of analytical methods, QA/QC and core handling protocols.

3.         Source: NGU Deposit Factsheet, Deposit Area 1943-010, 1997. Norden Crown's property reviews have confirmed the geologic occurrence of mineralization on the Project and considers the historic exploration data to be relevant as reported in public disclosures and government reports.

Qualified Person

Daniel MacNeil , P.Geo, a Qualified Person as defined by National Instrument 43-101, has read and approved all technical and scientific information related to Burfjord contained in   this news release.  Mr. MacNeil is Vice President Exploration for Norden.

On behalf of Norden Crown Metals Corp.

Patricio Varas , Chairman and CEO

Neither 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.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements that may be deemed "forward‐looking statements". Forward‐looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements may include, without limitation, statements relating to future outlook and anticipated events, such as the successful completion of the exploration program (consisting of diamond drilling, mapping, prospecting, outcrop sampling, airborne magnetic and ground electromagnetic geophysical surveys) and Norden Crown's belief in the economic potential and attractiveness of Burfjord as a bulk tonnage target as discussed herein, the dates the various segments of the exploration program will commence, the duration of various segments of the exploration program, the anticipated timing of the results of the exploration programs described herein and the planned uses of the resulting data. Although Norden Crown believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the ability of the various contracted entities to complete their duties within the time expected by the Company; inclement weather conditions that may impede, delay or stop all or part of the exploration program; the effects of the Covid-19 pandemic or other pandemics or epidemics; mechanical breakdowns of equipment used in the exploration programs, changes in economic conditions or financial markets; the ability of Norden Crown to obtain the necessary consents required to explore, drill and develop the projects and, if obtained, to obtain such consents in a timely fashion relative to Norden Crown plans and business objectives for the projects; the general ability of Norden Crown to drill test its projects and find mineral resources; if any mineral resources are discovered or acquired, the Company's ability to monetize any such mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of Norden Crown management on the date the statements are made. Except as required by law, Norden Crown undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Figure 2. Overview map of Burfjord target areas, outline of 2022 soil surveys and RTP Aerial Magnetics. Note continuation of magnetic high south of Gamlegruva target area below the Caledonian nappe complex. (CNW Group/Norden Crown Metals Corp.)

SOURCE Norden Crown Metals Corp.

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NORDEN CROWN RECEIVES NOTICE OF BOLIDEN'S FIRST OPTION ABANDONMENT OF THE BURFJORD AGREEMENT.

NORDEN CROWN RECEIVES NOTICE OF BOLIDEN'S FIRST OPTION ABANDONMENT OF THE BURFJORD AGREEMENT.

Norden Crown Metals Corp. ("Norden Crown" or the "Company") (TSXV: NOCR) has received a first option abandonment notice from Boliden AB ("Boliden") withdrawing from the Burfjord project option agreement.

As per the contract terms, Boliden will leave the project in good standing until the end of the 90 day termination notice period, and will fulfill all contractual obligations as defined by the contract provision.

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Norden Crown Metals Corp. ("Norden Crown" or the "Company") (TSXV: NOCR) provides results for an eighteen diamond drill hole reconnaissance program carried out this past summer, totaling 3,499.40 metres at the Burfjord copper-gold project ("Burfjord" or the "Project").  Significant drill results include 36 metres of 0.48% copper in hole BUR-22-017, which includes a 3.7-metre intercept with a grade of 2.83% Cu.  Significant drill intercepts are shown in Table 1.  Drilling at Burfjord was completed on time and under budget.

The Burfjord IOCG project hosts numerous high-grade veins and associated copper-mineralized alteration envelopes approximately 6 kilometres by 4 kilometres in extent.  The large associated alteration footprint and widespread copper mineralization present in historical workings and intersected in Norden's reconnaissance drilling suggests there is potential to host a large bulk tonnage copper deposit.

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NORDEN CROWN COMMENCES MINIMUM 3,000M DRILL PROGRAM AT THE BURFJORD COPPER-GOLD PROJECT, NORWAY

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Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: NOCR) (OTC: NOCRF ( Frankfurt : 03E) has begun an estimated 3,000 to 5,000 metre diamond drilling program at its 100% owned Burfjord Copper Project (" Burfjord " or the " Project ") in northern Norway in partnership with Boliden Mineral AB ("Boliden) in northern Norway.  A variety of anomalous geological, geochemical, and geophysical targets have been identified which have potential to host economic copper-gold mineralization.  The primary objective of the drill program is to evaluate the copper-gold grades and test the continuity of newly established targets within an area of extensive historical mining and trenching. Stratigraphic drill holes are also planned to supplement targeting and expand prospectivity along the axis of the Burfjord anticline.

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Norden Crown Completes High Resolution Ground Magnetic Survey At Fredrikssons Gruvan, Gumsberg Project

Norden Crown Completes High Resolution Ground Magnetic Survey At Fredrikssons Gruvan, Gumsberg Project

Norden Crown Metals Corp. (" Norden Crown " or the " Company ") (TSXV: NOCR) (OTC: NOCRF) ( Frankfurt : 03E) is pleased to announce completion of a 450 line-km ground magnetic survey at the Fredrikssons Gruvan prospect (" Fredrikssons Gruvan ") in the Bergslagen province of Southern Sweden . This is the largest and highest-resolution magnetic survey completed in the history of the area.

The magnetic survey follows up on the first three discovery holes at Fredrikssons Gruvan, drilled in the winter of 2021, where all three holes intersected significant mineralized widths ranging from 8.15 to 13.6 metres of precious and base metal (see Table 1), massive and semi-massive sulphide mineralization, within a geological setting unique to mineralization belonging to the Broken Hill Type (" BHT ") clan of silver rich zinc-lead ore deposits.

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NORDEN CROWN INTERSECTS HIGH-GRADE COPPER AT BURFJORD JV COPPER-GOLD PROJECT

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Norden Crown Metals Corp. ("Norden Crown" or the "Company") (TSXV: NOCR) (OTC: NOCRF) ( Frankfurt : 03E) is pleased to announce results from twelve completed diamond drill holes from two reconnaissance programs during 2021 (total 3179.2 metres) at its Burfjord copper-gold project ("Burfjord" or the "Project"). Significant drill results include 30.1m of 0.28% Cu in hole 003, 17.2m of 0.34% Cu in hole 004 and 12m of 1.27% Cu in Hole 011. A list of significant drill intercepts is presented (Table 1; Figure 1). Drilling at Burfjord was completed on time and under budget despite weather-related difficulties during the winter program.

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Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought-deal private placement basis, 16,130,000 units of the Corporation (the "Units") at a price of C$0.62 per Unit (the "Offering Price") for gross proceeds of C$10,000,600 (the "Underwritten Offering").

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FPX Nickel Announces Expansion to Generative Alliance with JOGMEC

FPX Nickel Announces Expansion to Generative Alliance with JOGMEC

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce an expansion of the Company's Global Generative Alliance (the " Generative Alliance ") program with Japan Organization for Metals and Energy Security (" JOGMEC "). Building on Year One progress and positive momentum achieved to-date, FPX and JOGMEC have agreed to an expanded Year Two budget. The program will remain focused on the global identification and acquisition of high-quality awaruite nickel properties similar in geological character to the Company's flagship Baptiste Nickel Project (" Baptiste ") in central British Columbia.

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

Highlights

  • Global Generative Alliance budget increased from initially planned $650,000 to $1,500,000 for Year Two
  • Through ongoing evaluations in five international and three Canadian jurisdictions, the Generative Alliance program remains on track to define Designated Projects to be joint ventured by FPX and JOGMEC starting in Year Two
  • The Generative Alliance program has staked approximately 120 km 2 of prospective ground in British Columbia

"We are pleased with our progress during Year One of our Generative Alliance with JOGMEC and look forward to increasing momentum through a significantly expanded Year Two budget," commented Andrew Osterloh , FPX's Senior Vice-President of Projects and Operations. "Our shared vision of realizing new globally significant awaruite nickel deposits remains resolute, and with ongoing evaluations in multiple Canadian and International jurisdictions, we are on track to achieve our shared objective of defining Designated Projects starting in Year Two."

A JOGMEC representative commented: "JOGMEC has decided to increase funding for Year Two activities with a view to identifying significant new awaruite deposits, which could be a globally significant, low-carbon, source of nickel for the electric vehicle battery supply chain toward the realization of a carbon-neutral society."

In April 2023 , FPX and JOGMEC initiated a Generative Alliance to carry out mineral exploration activities for the identification and acquisition of high-quality awaruite nickel targets on a worldwide basis. Under the terms of the agreement, JOGMEC funded 100% of the $650,000 budget in Year One (covering the year ended March 31, 2024 ) and will fund 100% of the first $650,000 budgeted for Year Two (for the year ended March 31, 2025 ).

Building on Year One progress and the positive results of work completed to-date, FPX and JOGMEC have agreed to expand the Year Two budget to a total of $1,500,000 . Under the terms of the agreement for Year Two, after JOGMEC has funded a cumulative total of $1,300,000 , the parties will fund ensuing exploration activities on pro-rata basis (FPX 40% and JOGMEC 60%).

Subject to agreement between FPX and JOGMEC, one or more specific targets identified by the Generative Alliance may be advanced to a second phase to be further developed as a separate designated project (" Designated Project "). Each Designated Project will have its own work program and budget with the objective, of testing and further developing the identified targets. For each Designated Project, JOGMEC and FPX will respectively fund 60% and 40% for approved work programs.

During Year One of the Generative Alliance, FPX's exploration team conducted evaluations and/or sampling programs in five international and three Canadian jurisdictions. With multiple evaluations ongoing, and further prospective opportunities identified, the program is on track to identify Designated Projects in its second year.

Representing the first ground staked under the Generative Alliance, the Company is pleased to announce the acquisition of approximately 120 km 2 of new mineral claims in British Columbia. This staking was based on historic sampling by FPX coupled with updated geological interpretation based on FPX's learnings at Baptiste.

The Company is currently strategizing on additional mineral tenure acquisitions within British Columbia , elsewhere in Canada , and in multiple international jurisdictions across multiple continents; one or more of such land packages may ultimately be selected as a Designated Project under the terms of the Generative Alliance. As and when Designated Projects are confirmed, FPX will provide additional disclosure regarding the location and planned work programs for such Projects.

Keith Patterson , P.Geo., FPX's Vice President, Generative Exploration, FPX's Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release.

About the Decar Nickel District

The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni 3 Fe) hosted in an ultramafic/ophiolite complex. The Baptiste mineral claims cover an area of 245 km 2 west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US $30 million has been spent on the exploration and development of Baptiste.

The Baptiste Deposit is located within the Baptiste Creek watershed, on the traditional and unceded territories of the 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 alloy 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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NetZero Metals Awards Engineering Contracts and Advances Engineering Studies on Two Processing Facilities

NetZero Metals Awards Engineering Contracts and Advances Engineering Studies on Two Processing Facilities

Highlights

  • Key Engineering Contracts Awarded and Work is Underway
    • Steel plant design led by SMS group
    • Key portions of nickel plant design led by Metso
    • Overall study compilation & supporting engineering led by Ausenco
  • Feasibility studies for Nickel Processing Facility and Stainless Steel and Alloy Production Facility near Timmins, Ontario remain on target for year-end

NetZero Metals Inc. ("NetZero Metals" or the "Company"), a wholly-owned subsidiary of Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) today provided an update on the progress of engineering studies for two processing facilities a nickel processing facility and a stainless steel and alloy production facility in the Timmins Nickel District.

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Northern Dynasty: USACE Updates the Pebble Permitting Process in Light of the EPA Veto

Northern Dynasty Minerals Ltd. (TSX:NDM);(NYSE American:NAK) ("Northern Dynasty" or the "Company") and 100%-owned U.S.- based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") have been advised by the US Army Corps of Engineers ("USACE") that, after months of successive delays, the USACE has declined to engage in the remand process related to the November 25, 2020 denial of a permit application for the Pebble Project, citing the U.S. Environmental Protection Agency's ("EPA") intervening veto of the development at Pebble

After the November 25, 2020, denial of the permit application for the Pebble Project, a separate division of the USACE remanded the denial decision back to the USACE Alaska District on April 25, 2023, after an administrative review found numerous errors with the denial decision. Today, after several requests for extensions, the USACE has announced that it has declined to engage in the remand process altogether. The USACE reasoning is due to the EPA veto, which effectively prevents them from altering their decision while that veto is in place. On March 15, 2024, we announced we were filing an appeal of the EPA veto in Federal District Court in Alaska, and the State of Alaska filed its action against the veto on April 11, 2024.

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