Canada Nickel Consolidates Nickel Sulphide Camp with Acquisition of Mann Property

• Canada Nickel exercises option to acquire 80% interest in Mann Nickel Property from Noble Mineral Exploration
• Mann Property covers ~11,000 hectares with 25 km strike length of nickel-bearing ultramafic rocks
• 2023 drill program intersected target mineralization in all 15 holes; further exploration planned for 2024
• Canada Nickel is advancing next-generation nickel-sulphide projects for the EV and stainless steel markets
• Investors gain leverage to nickel in low political risk jurisdictions through Canada Nickel

About Canada Nickel Company

Canada Nickel Company Inc. (TSXV: CNC) (OTCQX: CNIKF) is a mineral exploration company focused on developing the next generation of nickel-sulphide projects. The company's flagship asset is the 100% owned Crawford Nickel-Cobalt Sulphide Project, located in the prolific Timmins-Cochrane mining camp of Ontario, Canada.

Canada Nickel's mission is to deliver the nickel required to feed the high-growth electric vehicle and stainless steel markets. To align with accelerating demand for clean technologies, the company has applied to trademark the terms NetZero Nickel™, NetZero Cobalt™, and NetZero Iron™. It is pursuing the development of processes to produce net zero carbon nickel, cobalt, and iron products.

By offering investors exposure to nickel projects in low political risk jurisdictions like Canada, Canada Nickel represents a compelling investment opportunity in the battery metals space. With a highly experienced management team, world-class nickel sulphide assets, and a commitment to sustainable development, Canada Nickel is well positioned to create value for all stakeholders.

Acquisition of Mann Property

On April 22, 2024, Canada Nickel announced that it is exercising its option to acquire an 80% interest in the Mann Nickel Property from Noble Mineral Exploration Inc. The Mann Property consists of three key target areas – Mann Northwest, Central, and Southeast – which cover a combined 25 km strike length of prospective nickel-bearing ultramafic rocks across ~11,000 hectares.

The option terms include:

1. $1.7 million of exploration expenditures on the Property (completed)
2. $350,000 cash payment to Noble (completed)
3. Annual $100,000 cash payments to Noble (current)
4. Underlying NSR rights to previous claim owners and Noble (to be registered)

This strategic acquisition allows Canada Nickel to consolidate its land position and expand its pipeline of high-quality nickel sulphide targets near the world-class Crawford discovery.

Exploration Potential

The Mann Property represents an exciting exploration opportunity based on the results of the 2023 drilling campaign. All 15 holes drilled by Canada Nickel intersected the targeted mineralization, confirming the potential for significant nickel-cobalt-PGM resources across a vast land package.

Mann Northwest and Central are the most advanced targets and will be prioritized for resource delineation drilling in 2024. Meanwhile, Mann Southeast, which has yet to be drill tested, will see its first drilling during the upcoming field season. The company's technical team believes there is strong potential for a major new discovery at Southeast given its scale, favorable geophysical signature, and geological similarities to Crawford.

If subsequent drilling can continue to deliver robust nickel sulphide intercepts, Canada Nickel would be well on its way to unlocking a district-scale nickel sulphide camp capable of feeding the EV battery supply chain for decades to come. With a successful track record of exploration in the Timmins region and a dominant land position, the company is an attractive vehicle for investors looking to gain exposure to the clean energy transition.

Sustainability Leadership

In addition to its growth-focused drilling activities, Canada Nickel is also taking a proactive approach to sustainability. The company has applied to trademark NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ in multiple jurisdictions as it pursues the development of processes to produce net zero carbon nickel, cobalt and iron products.

Delivering materials that support the decarbonization of the global economy is a central pillar of Canada Nickel's business strategy. By committing to industry-leading ESG standards from day one, the company aims to establish itself as the supplier of choice for automakers and steel producers looking to reduce their environmental footprints.

This focus on sustainability, underpinned by low carbon production potential of the Crawford Project, is a key differentiator for Canada Nickel that should enhance its appeal to both ESG-focused investors and offtake partners over time.

Conclusion

Canada Nickel presents a unique investment opportunity in the battery metals sector. With the Crawford Project anchoring a portfolio of high-quality growth assets in a top mining jurisdiction, the company is well positioned to become a major player in the global nickel industry.

The acquisition of the Mann Property adds another dimension to the story by opening up significant exploration upside within a short drive of Crawford. If drilling can confirm the presence of a major new nickel sulphide system at Mann, it would go a long way towards differentiating Canada Nickel as the leading consolidator in the Timmins nickel camp.

Beyond its impressive resource base, Canada Nickel's commitment to net zero carbon production sets it apart from other developers and aligns the company with the priorities of key stakeholders. As the EV megatrend continues to reshape commodity markets, Canada Nickel appears to have the right assets in the right location at the right time.

Of course, an investment in Canada Nickel does not come without risks. As a pre-revenue company in a volatile sector, its shares are prone to significant swings based on the results of ongoing exploration and macro factors beyond its control. Investors should be prepared to weather these ups and downs on the long road to potential production.

Ultimately, for those who believe in the long-term bull market for nickel and the importance of security of supply from stable mining jurisdictions, Canada Nickel is one junior worth keeping a close eye on. With multiple drill-ready targets, a world-class technical team, and a strong financial position, the company has all the ingredients in place to deliver a step-change in value in 2024 and beyond.