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Core Nickel Corp. (CNCOF) is a junior nickel exploration company that controls 100% of five properties in the prolific Thompson Nickel Belt in Manitoba, Canada. The company recently reported disseminated nickel-bearing sulfide mineralization with up to 17% nickel tenors in their 2024 winter drill program at the Halfway Lake project. This discovery highlights the exploration potential of the property and increases the prospectivity for economic nickel mineralization.
Core Nickel has a large land package in the Thompson Nickel Belt, with properties in the northern part such as Mel, Hunter, and Odei River, and properties in the southern part near Wabowden, including Halfway Lake and Resting Lake. The Mel property, for instance, has a historical NI-43-101 resource estimate with indicated and inferred resources, showing potential for significant nickel mineralization.
The company has plans to conduct property-wide VTEM surveys on the Halfway Lake and Resting Lake projects to refine exploration targets. With an exceptional land position and ongoing exploration activities, Core Nickel is focused on increasing its potential for success in the nickel market.
Core Nickel Corp has announced the discovery of 14 High Priority targets through an airborne electromagnetic survey at its Halfway Lake Project in the Thompson Nickel Belt, Manitoba. The project, located 15 km from the Bucko Mill, includes significant findings such as a target confirming the extension of a conductive trend near the historic Halfway Lake nickel deposit, and a target 150m north of the W62 Zone where previous drilling yielded 91 metres grading 0.37% Ni.
The survey, completed in July 2024 by Geotech , covered both Halfway Lake (828 line-km) and Resting Lake (515 line-km) properties. The company is fully funded to begin drill testing these targets in early 2025, with targets showing similar signatures to known deposits in the Thompson Belt.
Core Nickel Corp (CSE: CNCO) has completed its non-brokered private placement, issuing 3,313,572 units at $0.175 per unit for gross proceeds of $579,875.10. This financing, combined with previous funding, brings the total to nearly $3.5 million secured over the past month and a half. The company plans to use the proceeds for general working capital and advancing exploration in the Thompson Nickel Belt. Additionally, Core Nickel has entered into marketing agreements with Junior Mining Network for CAD$19,000 and Chinese Investment Club Inc for $3,955 to enhance their market presence and documentation accessibility.
Core Nickel Corp (CSE: CNCO) announces immediate board changes with Paul Reid and Marc Pais appointed as new directors, while Shane Shircliff and Karen Lloyd resign. Reid and Pais, who recently became major shareholders owning 17% and 10% respectively, bring extensive experience from Arizona Metals Corp and Telegraph Gold Inc. The company's main assets include the Mel Project, located 25km from Vale's Thompson Mill, and the Halfway Lake Project, 15km from the Bucko Mill, both in the Thompson Nickel Belt. The company is well-funded to begin testing drill targets in early 2025.
Core Nickel Corp (CSE: CNCO) has announced an increase in its private placement offering from $175,000 to $580,125 due to higher investor interest. The company will now offer up to 3,315,000 units at $0.175 per unit, up from the initial 1,000,000 units. The company may pay finders' fees to eligible finders, subject to compliance with securities laws and CSE policies. All securities issued will have a four-month and one-day hold period from their issuance date.
Core Nickel Corp. (CSE: CNCO) has announced a non-brokered private placement of up to $175,000, offering up to 1,000,000 units at $0.175 per unit. Each unit includes one common share and one purchase warrant, exercisable at $0.30 for 36 months after closing. The proceeds will be used for general working capital. All securities issued will have a four-month and one-day hold period.
Additionally, Core Nickel has granted incentive stock options to directors, officers, and consultants for up to 1,930,000 common shares. These options are exercisable for 3 years at $0.20 per share, with a hold period expiring February 22, 2025.
Core Nickel Corp. (CSE: CNCO) has successfully closed two non-brokered private placements, raising a total of $2,502,000. The company issued 7,500,000 flow-through units (FT Units) at $0.30 each, generating $2,250,000, and 1,440,000 non-flow-through units (NFT Units) at $0.175 each, raising $252,000. Company insiders participated, purchasing 66,000 units. The funds from FT Units will be used for exploration in the Thompson Nickel Belt, Manitoba, while NFT Units proceeds will cover general working capital.
Core Nickel's key projects include the Mel Deposit Project, located 25 km from Vale's Thompson Mill Complex, with a historic indicated resource of 4.3 million tonnes at 0.88% nickel. The company also owns the Halfway Lake Project, where recent drilling intersected 91 metres grading 0.37% nickel, indicating potential for higher-grade massive sulphide zones.
Core Nickel Corp. (CSE: CNCO) has announced a proposed non-brokered private placement to raise up to $252,000. The offering consists of units priced at $0.175 each, with each unit comprising one common share and one warrant. The warrants allow holders to purchase an additional common share at $0.30 within 36 months of the closing date.
Proceeds from the offering will be used for general working capital expenses. The company may pay finders' fees to eligible finders, subject to compliance with securities laws and CSE policies. All securities issued will have a four-month and one-day hold period. Core Nickel plans to close this offering concurrently with its previously announced flow-through unit offering.
Core Nickel Corp. (CSE: CNCO) has announced an increase in its previously announced private placement offering. The company now plans to sell up to 7,500,000 flow-through units (FT Units) at a price of $0.30 per unit, aiming to raise gross proceeds of up to $2,250,000. This is an increase from the initially planned 5,000,000 FT Units with gross proceeds of $1,500,000. The decision to upsize the offering comes in response to higher-than-expected interest. All other terms of the offering remain unchanged from the company's earlier announcement on September 23, 2024. The offering is still subject to compliance with applicable securities laws and CSE policies.
Core Nickel Corp. (CSE: CNCO) announces a proposed $1,500,000 non-brokered private placement of flow-through units at $0.30 per unit. Each unit includes one flow-through share and one warrant to purchase a non-flow-through share at $0.30 within 36 months. Proceeds will fund Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures for the company's Thompson Nickel Belt properties in Manitoba.
Core Nickel's assets include the Mel Deposit Project, 25 km from Vale's Thompson Mill Complex, with a historic indicated resource of 4.3 million tonnes at 0.88% nickel and inferred 1.0 million tonnes at 0.84% nickel. The Halfway Lake Project, 15 km from the Bucko Mill, recently yielded promising drill results, including 91 metres at 0.37% nickel.
The company will pay finders' fees and may involve insider participation. Securities issued will have a four-month hold period.
Core Nickel Corp. (CSE: CNCO) has successfully closed its non-brokered private placement, raising $400,000 through the issuance of 8,000,000 flow-through units at $0.05 per unit. The proceeds will fund exploration programs in the Thompson Nickel Belt, Manitoba. The company's key assets include:
1. The Mel Deposit Project, located 25 km from Vale's Thompson Mill Complex, with a historic indicated resource of 4.3 million tonnes at 0.88% nickel.
2. The Halfway Lake Project, 15 km from the Bucko Mill, where recent drilling intersected 91 metres grading 0.37% nickel.
Notable investors in this offering include Paul Reid, who now owns 20.6% of outstanding shares, and Marc Pais, who now controls 11.2% of the company.
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