Canada Nickel Makes Strides with Timmins Nickel Projects, Eyes Net Zero Production

• Canada Nickel provides corporate update, extending closing date of $20M convertible note with Taykwa Tagamou Nation.
• Company files NI 43-101 technical report for initial mineral resource estimate at 100% owned Reid Nickel Sulphide Project near Timmins, Ontario.
• Reid is significantly larger than initial Crawford resource, with target footprint over 2X the size and a lower 1.2 strip ratio.
• Canada Nickel is advancing next generation of nickel-sulphide projects to deliver nickel for high-growth EV and stainless steel markets.
• Company has applied to trademark NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing net zero carbon production processes.

Canada Nickel Company (TSXV:CNC) is advancing the next generation of nickel-sulphide projects to deliver the nickel required to feed the high-growth electric vehicle and stainless-steel markets. The company, currently anchored by its 100% owned flagship Crawford Nickel Sulphide Project in the emerging Timmins Nickel District of Ontario, has provided investors with recent updates on its corporate activities and project pipeline.

Corporate Update

Canada Nickel Company is advancing the next generation of high-potential nickel-sulphide projects, leveraging the prolific Timmins-Cochrane mining camp of northern Ontario. The company aims to become a key supplier of responsibly produced nickel for the electric vehicle and stainless steel markets. Its flagship Crawford Project is one of the largest nickel sulphide resources globally, and the company is working to rapidly expand its resource base across the region. With a focus on net zero carbon production, Canada Nickel seeks to deliver the nickel needed for a low-carbon future while providing attractive exposure for its shareholders.

Canada Nickel announced it has extended the closing date of a $20 million convertible note with Taykwa Tagamou Nation (TTN). The transaction, originally announced last December 2024, is subject to certain conditions including the approval of the TSX Venture Exchange and receipt of all other required third party consents. Completion is now expected by the new target date.

Reid Project NI 43-101 Resource

Canada Nickel reported it has filed on SEDAR an independent NI 43-101 technical report supporting the initial mineral resource estimate for its 100% owned Reid Nickel Sulphide Project near Timmins, Ontario. The resource, effective December 5, 2024, was prepared in accordance with CIM Definition Standards for Mineral Resources and Reserves as of November 29, 2019.

Commenting on the report, Mark Selby, CEO of Canada Nickel stated, "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."

The Reid project boasts impressive metrics, with a target footprint more than twice the size of the company's flagship Crawford project and a lower strip ratio of 1.2. "We look forward to continuing to demonstrate the potential of this world class nickel district," added Selby.

Advancing Next-Generation Nickel Projects

Canada Nickel is focused on advancing the next generation of nickel-sulphide projects to deliver nickel to the rapidly growing electric vehicle and stainless steel markets. The company believes its projects in the Timmins region provide attractive leverage to rising nickel demand from these sectors.

As part of its marketing efforts, Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, and NetZero IronTM. It is actively pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. This low-carbon focus could provide a key differentiator for the company's projects as downstream consumers increasingly prioritize environmental attributes.

For Investors

Canada Nickel presents a compelling investment case, with its rapidly advancing portfolio of nickel-sulphide projects in the world-class Timmins region. The scale of its recently announced Reid resource underscores the camp's potential to host multiple large-scale, low-cost nickel sulphide deposits.

With a focus on sustainable, low-carbon nickel production, the company appears well positioned to benefit from robust demand growth in the electric vehicle and stainless steel sectors in the coming years.

As Canada Nickel continues to deliver on its project pipeline and advance its net zero ambitions, it warrants close attention from investors looking for attractive exposure to the nickel space.