TORONTO, Feb. 6, 2025
/CNW/ - Canada Nickel Company Inc. ("Canada Nickel" or
the "Company") (TSXV: CNC) (OTCQB: CNIKF) today announced
that the Company has filed on SEDAR+ an independent technical
report (the "Report") prepared in accordance with National
Instrument 43-101 – Standards of Disclosure for Mineral Projects
("NI 43-101") supporting the initial mineral resource estimate for
its 100% owned Reid Nickel Sulphide Project ("Reid") near
Timmins, Ontario. There are no
material differences in the Report from those results disclosed in
the Company's news release dated December
23, 2024. The Mineral Resource Estimate, effective as of
December 5, 2024, was prepared
following the CIM Definition Standards for Mineral Resources and
Reserves (November 29, 2019).
Mark Selby, CEO of Canada Nickel
said, "Reid is the second of eight additional resources we expect
to publish by mid-2025. The size and scale of the Reid resource,
which is significantly larger than the initial Crawford resource,
validates our belief in the potential of the Timmins Nickel
District. Reid's target footprint is more than twice the size of
our flagship Crawford Project and benefits from a lower strip ratio
of 1.2. We look forward to continuing to demonstrate the
potential of this world class nickel district."
The full technical report dated February
5, 2025, with an effective date of December 5, 2024, is titled "National Instrument
43-101 Initial Mineral Resource Estimate for the Reid Nickel
Deposit and Technical Report, Reid Nickel-Cobalt Sulphide Project."
The Report was prepared for Canada Nickel by Caracle Creek
International Consulting Inc. and can be found under the Company's
issuer profile at www.sedarplus.ca.
Qualified Person
Stephen J. Balch P.Geo. (ON), VP
Exploration of Canada Nickel and a "Qualified Person" as defined in
NI 43-101, has reviewed and approved the scientific and technical
information in this news release.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of
nickel-sulphide projects to deliver nickel required to feed the
high growth electric vehicle and stainless-steel markets. Canada
Nickel Company has applied in multiple jurisdictions to trademark
the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is
pursuing the development of processes to allow the production of
net zero carbon nickel, cobalt, and iron products. Canada Nickel
provides investors with leverage to nickel in low political risk
jurisdictions. Canada Nickel is currently anchored by its 100%
owned flagship Crawford Nickel Sulphide Project in the heart of the
prolific Timmins-Cochrane mining camp. For more information,
please visit www.canadanickel.com.
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary Note and Statement Concerning Forward Looking
Statements
This press release contains certain information that may
constitute "forward-looking information" under applicable Canadian
securities legislation. Forward looking information includes, but
is not limited to, the potential of Reid, the significance of drill
results, the ability to continue drilling, the impact of drilling
on the definition of any resource, timing and completion (if at
all) of additional mineral resource estimates, the potential of the
Timmins Nickel District, strategic plans, including future
exploration and development plans and results, and corporate and
technical objectives. Forward-looking information is necessarily
based upon several assumptions that, while considered reasonable,
are subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking information. Factors that could affect the outcome
include, among others: future prices and the supply of metals, the
future demand for metals, the results of drilling, inability to
raise the money necessary to incur the expenditures required to
retain and advance the property, environmental liabilities (known
and unknown), general business, economic, competitive, political
and social uncertainties, results of exploration programs, risks of
the mining industry, delays in obtaining governmental approvals,
failure to obtain regulatory or shareholder approvals. There can be
no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information. All
forward-looking information contained in this press release is
given as of the date hereof and is based upon the opinions and
estimates of management and information available to management as
at the date hereof. Canada Nickel disclaims any intention or
obligation to update or revise any forward-looking information,
whether because of new information. Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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SOURCE Canada Nickel Company Inc.
