Canada Nickel Files Technical Report for Mann Central & West Initial Resources

• Canada Nickel has filed an independent NI 43-101 technical report supporting initial mineral resource estimates for its Mann Central & Mann West nickel-cobalt-palladium-platinum deposits
• The company now has published 6 of 9 planned resources totaling over 9.2 million tonnes of Measured & Indicated nickel, and 9.5 million tonnes of Inferred nickel across its portfolio.
• The Mann Project is wholly owned by East Timmins Nickel, with Canada Nickel holding an 80% stake & Noble Mineral Exploration owning the remaining 20%.
• CEO Mark Selby stated that the Mann West & Mann Central resource is significantly larger than the initial Crawford resource, validating the company's belief in the Timmins Nickel District potential.
• 3 additional resources are expected to be published by the end of 2025, further expanding the company's resource base in what management considers a world-class mining district.

Canada Nickel Company (TSX-V:CNC, OTCQB: CNIKF) represents a strategic opportunity in the critical minerals sector, focusing on developing nickel sulphide deposits in Ontario's Timmins Nickel District. The company operates as a mineral exploration and development entity with particular emphasis on battery metals essential for the electric vehicle transition. Through its systematic approach to resource development and strategic partnerships, Canada Nickel has positioned itself to capitalize on growing demand for nickel and associated metals in the clean energy economy.

The filing of the NI 43-101 technical report for the Mann Central & Mann West deposits marks a significant milestone in Canada Nickel's resource expansion strategy. This development provides investors with validated resource estimates that demonstrate the scale and potential of the company's holdings in one of Canada's established mining districts.

Technical Report Filing & Compliance

Canada Nickel announced the filing of an independent technical report on SEDAR+ prepared in accordance with National Instrument 43-101 standards. The report supports initial mineral resource estimates for the Mann Nickel Sulphide Project, encompassing both the Mann West and Mann Central properties containing nickel-cobalt-palladium-platinum deposits.

The technical report, dated July 28, 2025, with an effective date of July 15, 2025, carries the formal title "National Instrument 43-101 Mineral Resource Estimates and Technical Report on the Mann West and Mann Central Ni-Co-Pd-Pt Deposits, Mann Nickel Sulphide Project, Timmins Nickel District, Ontario, Canada." Caracle Creek International Consulting Inc. prepared the report for Canada Nickel, providing independent validation of the resource estimates.

The mineral resource estimate follows established industry standards, specifically the CIM Definition Standards on Mineral Resources and Reserves (2014) and CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019). This adherence to recognized standards provides investors with confidence in the reliability and comparability of the resource data.

Importantly, the company confirmed that the technical report contains no material differences from results previously disclosed in news releases dated June 11, 2025, and July 15, 2025, ensuring consistency in reported information to the market.

Project Location & Ownership Structure

The Mann Project occupies a strategic location approximately 40 kilometers northeast of Timmins, Ontario, positioning it within an established mining jurisdiction with existing infrastructure and skilled workforce availability. This geographic advantage reduces potential development risks and capital requirements compared to more remote locations.

The ownership structure involves East Timmins Nickel Ltd. as the direct project owner, with Canada Nickel holding an 80% controlling interest and Noble Mineral Exploration Inc. maintaining a 20% stake. This partnership arrangement allows Canada Nickel to maintain operational control while sharing development costs and risks with an established partner in the region.

The Timmins area represents one of Canada's historically significant mining districts, providing a favorable regulatory environment and established supply chains that support mining operations. This regional context enhances the project's development prospects and reduces execution risks typically associated with greenfield developments in unexplored territories.

Resource Portfolio Expansion

The Mann deposits contribute substantially to Canada Nickel's growing resource inventory. According to company disclosures, the organization has now published six of nine planned resources, collectively containing over 9.2 million tonnes of Measured and Indicated nickel and 9.5 million tonnes of Inferred nickel resources.

This resource base positions Canada Nickel among companies with significant nickel holdings, particularly relevant given the strategic importance of nickel in battery manufacturing and stainless steel production. The dual classification of Measured and Indicated versus Inferred resources provides investors with understanding of resource confidence levels, with higher confidence categories supporting more definitive development planning.

The systematic approach to resource publication demonstrates management's commitment to methodical development of their asset portfolio. With three additional resources expected by year-end 2025, the company maintains momentum in expanding its validated resource base, potentially enhancing its attractiveness to strategic partners or acquirors.

Management Commentary & Strategic Vision

CEO Mark Selby provided specific commentary on the significance of the Mann deposits within the company's broader strategy.

"We have now published six of nine resources with over 9.2 million tonnes of Measured and Indicated nickel and 9.5 million tonnes of Inferred nickel,"

Selby stated, quantifying the company's resource accumulation progress.

Selby emphasized the comparative scale of the new resources, noting that:

"the size and scale of the Mann West and Mann Central resource, is significantly larger than the initial Crawford resource, and validates our belief in the potential of the Timmins Nickel District."

This comparison provides investors with context regarding the relative importance of the new resources within the company's portfolio and suggests potential for substantial resource growth beyond initial estimates.

The CEO's characterization of the district as world-class reflects management's confidence in the long-term potential of their land position.

"We look forward to continuing to demonstrate the potential of this world class district,"

Selby concluded, indicating ongoing exploration and development activities designed to further expand the resource base.

District-Scale Opportunity Assessment

The Timmins Nickel District represents a significant geological opportunity for Canada Nickel, with the Mann deposits serving as validation of the broader district potential. The characterization of Mann West and Mann Central resources as significantly larger than the initial Crawford resource suggests the company may have identified a district-scale opportunity rather than isolated deposits.

This district-scale perspective carries important implications for investors, as it suggests potential for continued resource expansion through systematic exploration of the broader land package. District-scale opportunities often provide operational synergies, shared infrastructure development costs, and enhanced economies of scale in eventual production scenarios.

The presence of multiple deposit types within the district, including the nickel-cobalt-palladium-platinum suite of metals, provides diversification benefits and potential revenue streams from multiple commodities. This multi-metal approach may enhance project economics and reduce dependence on single commodity price movements.

Development Timeline

Canada Nickel has established a clear timeline for resource publication, with three additional resources expected by the end of 2025. This schedule provides investors with specific milestones for measuring company progress and potential catalysts for share price movement.

The systematic approach to resource development suggests disciplined capital allocation and methodical advancement toward potential production decisions. Each additional resource publication provides incremental validation of the district's potential and may support advancing certain projects toward preliminary economic assessments or feasibility studies.

The company's ability to maintain its publication schedule will serve as an important indicator of operational execution and management credibility. Successful delivery of additional resources on schedule may enhance investor confidence and support continued funding for development activities.

Industry Positioning

The timing of resource expansion aligns favorably with growing demand for battery metals, particularly nickel, driven by electric vehicle adoption and energy storage requirements. Canada Nickel's focus on nickel sulphide deposits positions the company to potentially supply higher-grade nickel products preferred for battery applications.

The Canadian jurisdiction provides additional advantages in terms of political stability, established mining regulations, and access to capital markets. These factors may become increasingly important as supply chain security concerns drive end-users to prioritize suppliers from stable jurisdictions.

The company's systematic resource development approach differentiates it from exploration-stage companies focused on single projects, potentially appealing to investors seeking exposure to a diversified portfolio of development-stage nickel assets.

Financial & Operational Considerations

While the technical report validates resource estimates, investors should consider the capital requirements for advancing multiple projects simultaneously. The company's ability to fund continued development activities will depend on market conditions, commodity prices, and access to capital markets.

The partnership structure with Noble Mineral Exploration provides some capital sharing benefits but also requires coordination between partners on development decisions. The 80-20 ownership split ensures Canada Nickel maintains control while sharing costs and risks.

Resource estimates represent geological potential rather than economic viability, requiring additional studies to determine commercial feasibility. Investors should anticipate future announcements regarding preliminary economic assessments and feasibility studies as projects advance through the development pipeline.

Canada Nickel's filing of the NI 43-101 technical report for Mann Central and Mann West deposits represents a significant milestone in the company's resource expansion strategy. With over 18 million tonnes of combined Measured, Indicated, and Inferred nickel resources across six published resources, the company has established itself as a substantial holder of nickel assets in the established Timmins district.

For investors evaluating Canada Nickel, the systematic resource development approach, district-scale opportunity potential, and favorable Canadian jurisdiction provide compelling investment considerations. The company's ability to deliver three additional resources by year-end 2025 will serve as a key test of execution capability and may provide additional catalysts for investor interest.

The validation of district-scale potential through resources significantly larger than initial estimates suggests Canada Nickel may have identified a truly substantial nickel district capable of supporting multiple mining operations. This potential, combined with growing battery metals demand and Canadian jurisdictional advantages, positions the company as a noteworthy consideration for investors seeking exposure to critical minerals development opportunities.