Canada Nickel Solidifies Timmins District Expansion with Texmont NI 43-101 Technical Report Filing

• Canada Nickel Company Inc. has filed the independent NI 43-101 Technical Report for its Texmont Nickel Sulphide Project, marking another milestone in establishing the Timmins Nickel District as a globally significant nickel region.
• The Texmont project represents one of six resources now published by the company, with three additional resources expected by the end of 2025 as part of the broader district development strategy.
• The technical report shows no material differences from previously disclosed results in July 2025, providing consistency in the resource estimates and reinforcing the reliability of the company's exploration data.
• Located approximately 36 kilometers south of Timmins, Ontario, the wholly-owned Texmont project adds to Canada Nickel's expanding portfolio of nickel-cobalt-platinum-palladium deposits in the established mining jurisdiction.
• The filing demonstrates Canada Nickel's systematic approach to resource development and regulatory compliance as it advances toward potential construction decisions and production across multiple projects in the district.

Canada Nickel Company Inc. (TSX-V: CNC, OTCQB: CNIKF) has filed the NI 43-101 Technical Report for its Texmont Nickel Sulphide Project, representing a significant step in the systematic development of what the company positions as the emerging Timmins Nickel District. Canada Nickel Company Inc., together with its subsidiaries, engages in the exploration, discovery, and development of nickel sulphide assets for electric vehicle, green energy, and stainless steel markets in Canada. The company's flagship project is the Crawford Nickel project located in northern Ontario, Canada. It also develops zero-carbon production of nickel, cobalt, and iron. Canada Nickel Company Inc. was incorporated in 2019 and is headquartered in Toronto, Canada.

The filing of standardized technical reports under National Instrument 43-101 represents a critical regulatory requirement for Canadian mining companies, providing investors with independently verified scientific and technical information about mineral projects. The purpose of National Instrument 43-101 is to ensure that misleading, erroneous or fraudulent information relating to mineral properties is not published and promoted to investors on the stock exchanges overseen by the Canadian Securities Administrators.

Texmont Project Technical Report Details

The Texmont Technical Report, dated August 21, 2025, with an effective date of April 10, 2025, provides comprehensive documentation of the initial mineral resource estimate for the project. The full report title reads "National Instrument 43-101 Mineral Resource Estimates and Technical Report on the Texmont Ni-Co-Pd-Pt Deposit, Texmont Nickel Sulphide Project, Timmins Nickel District, Ontario, Canada."

The Texmont Nickel Sulphide Project is located approximately 36 kilometres south of Timmins, Ontario, and is wholly owned by Canada Nickel Company through its wholly owned subsidiary, Central Timmins Nickel Ltd. The strategic location places the project within the established Timmins-Cochrane mining camp, known for its mining infrastructure and proven geological potential.

The mineral resource estimate follows the CIM Definition Standards on Mineral Resources and Reserves (2014) and CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019), ensuring compliance with recognized industry standards. The company has confirmed there are no material differences between the filed technical report and the results previously disclosed in news releases dated July 15, 2025, providing consistency in the publicly available information.

Strategic Context of the Timmins Nickel District

Canada Nickel has surpassed the 18-million-tonne mark in total nickel resources in the Timmins area after the company released mineral estimates for more two deposits this week. The company is systematically building what it describes as a district-scale mining operation across the Timmins region.

CEO Mark Selby emphasized the broader development strategy, stating:

"We have now published six of nine resources. Three additional resources are expected to be published by end of 2025 as we continue to demonstrate the potential of the Timmins Nickel District."

Crawford and its larger land package in the Timmins district appears to be a base metals and critical minerals grocery store for the North American battery manufacturing and automotive companies. The district strategy reflects Canada Nickel's positioning to serve growing demand from electric vehicle manufacturers and the stainless steel industry.

Canada Nickel Company (TSXV:CNC) is a potential leader in next-generation, large-scale nickel supply and one of the few suppliers outside of Indonesia and China. This geographic diversification becomes increasingly important as just three countries – Indonesia, Philippines and Russia – control over 67 percent of the overall supply, with Indonesia alone accounting for nearly 50 percent.

Resource Development Progress & Timeline

The filing of the Texmont Technical Report represents measurable progress in Canada Nickel's systematic approach to resource development across the Timmins District. The company has established a clear timeline for publishing mineral resource estimates, with six resources now completed and three additional resources planned for publication by the end of 2025.

Mark Selby, CEO of Canada Nickel said:

"The district-scale potential of Canada Nickel's portfolio in the Timmins Nickel District is clearly demonstrated by today's successful drilling results from seven different properties in addition to the two properties – Crawford and Deloro – for which we've already published resources. There are few mining companies with this breadth of active exploration targets."

The systematic publication of technical reports supports the company's broader strategy of demonstrating the scale and quality of its resource base to potential investors and strategic partners. Each published resource adds to the overall district profile and supports the company's positioning as a significant nickel producer in a stable mining jurisdiction.

Regulatory Compliance & Investor Protection

The NI 43-101 framework serves as a critical investor protection mechanism in the Canadian mining sector. An NI 43-101 Technical Report serves as a concise summarization of essential scientific and technical details associated with mineral exploration, development, and production on a given mineral property, crucial to an issuer.

An NI 43-101 report is a summary for potential investors of scientific and technical information for a mineral exploration, development, or production project. This report is required for listing on the Toronto Stock Exchange (TSX) and TSXV. The standardized reporting framework ensures that investors receive independently verified technical information prepared by qualified persons.

Technical reports are a significant disclosure document for a mining issuer and a meaningful resource for investors. The Texmont Technical Report follows this framework, providing investors with professional assessment of the project's geological, technical, and economic characteristics.

The filing demonstrates Canada Nickel's commitment to transparent reporting and regulatory compliance as it advances multiple projects toward potential development decisions. The consistency between the technical report and previously disclosed results reinforces the reliability of the company's exploration and resource estimation processes.

Market Positioning & Competitive Advantages

Canada Nickel's systematic development of the Timmins District positions the company to capitalize on several market trends driving nickel demand. Global nickel demand has grown at an annual pace of 9 to 10 percent in the first three years of this decade and is expected to continue to maintain that pace going forward, according to the International Nickel Study Group.

The company's Canadian location provides strategic advantages in the current geopolitical environment. Bad news for global miner BHP is great news for Canada Nickel and its ambitious plan to roll out a series of nickel projects in the Timmins area over the next decade, including a new one-million tonne resource south of the city. Market disruptions affecting traditional nickel suppliers create opportunities for responsibly-sourced Canadian production.

The Crawford project has the world's second-largest nickel reserve. With a mine life of 41 years, the project offers an after-tax NPV of US$2.5 billion and an IRR of 17.1 percent. This flagship project anchors the district development strategy, with additional resources like Texmont contributing to the overall scale and longevity of operations.

The Timmins location provides established mining infrastructure, skilled workforce, and proximity to North American markets for battery materials and stainless steel production. Over its operational life, Crawford will produce 1.6 million tonnes of nickel, 24,000 tonnes of cobalt, 490 million ounces of platinum and palladium, 58 million tonnes of iron, and 2.8 million tonnes of chromium.

Financial & Development Outlook

Canada Nickel has pursued multiple financing initiatives to support its district development strategy. The company recently completed private placements totaling approximately $19.4 million to advance its projects and maintain working capital for ongoing exploration and development activities.

The systematic publication of technical reports supports the company's efforts to attract strategic partnerships and project financing. Samsung SDI bought into the company last year to become a shareholder and has an option to up their interest to 10 per cent with an investment of US$100.5 million and an offtake agreement if the Crawford project is greenlit.

Government support mechanisms provide additional financial leverage for critical minerals projects. Export Development Canada delivered a letter of intent for up to $678 million to provide debt funding of up to 18 years after a due diligence process. These financing structures reflect the strategic importance of domestic nickel production capabilities.

The company expects to make construction decisions on its flagship Crawford project in the near term, with the broader district development strategy building on this foundation. The systematic publication of technical reports for additional resources supports long-term development planning and financing initiatives.

For Investors

Canada Nickel Company's filing of the Texmont NI 43-101 Technical Report represents systematic progress in developing the Timmins Nickel District as a significant source of responsibly-produced nickel for North American markets. The company has now published six of nine planned resources, demonstrating consistent execution of its district development strategy.

The regulatory compliance represented by standardized technical reporting provides investors with independently verified project information while supporting the company's listing requirements and financing initiatives. The consistency between the technical report and previously disclosed results reinforces the reliability of Canada Nickel's exploration and resource estimation processes.

For investors evaluating Canada Nickel, the systematic resource development across multiple projects provides diversification within a single mining district while leveraging established infrastructure and regulatory frameworks. The company's Canadian location offers strategic advantages in serving North American battery and stainless steel markets while avoiding geopolitical risks associated with traditional nickel-producing regions.

The expected publication of three additional resources by year-end 2025 will provide further clarity on the district's scale and development potential. Investors should monitor progress toward construction decisions on the flagship Crawford project and the company's success in securing strategic partnerships and project financing for the broader district development strategy.