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About Core Nickel Corp. (CNCOF)
Core Nickel Corp. is a junior nickel exploration company strategically focused on advancing its portfolio of 100%-owned properties within the prolific Thompson Nickel Belt (TNB), located in Northern Manitoba, Canada. The TNB is globally recognized as one of the most significant nickel-producing regions, hosting world-class deposits and established infrastructure that positions the company for efficient exploration and potential future development.
Core Business and Strategic Assets
Core Nickel controls five exploration projects spanning approximately 27,000 hectares of highly prospective land in the TNB. These projects are divided into two key regions:
- Northern TNB Projects: The Mel, Hunter, and Odei River properties are located 15-20 km from the City of Thompson, Manitoba. The flagship Mel property includes the historical Mel deposit, which features a historical NI 43-101 resource estimate of 4.3 million tonnes grading 0.875% nickel (indicated) and 1.0 million tonnes grading 0.839% nickel (inferred). The Hunter and Odei River properties extend the same nickel-bearing stratigraphy, providing significant exploration upside.
- Central TNB Projects: The Halfway Lake and Resting Lake properties, near the community of Wabowden, are strategically located close to existing nickel deposits, mills, and infrastructure, including highways, railways, and hydroelectric power. Halfway Lake has shown promising results, including wide zones of shallow nickel-sulfide mineralization, indicating proximity to higher-grade zones.
Exploration and Development Approach
Core Nickel employs a systematic exploration strategy that integrates advanced geophysical techniques, such as Versatile Time-Domain Electromagnetic (VTEM) surveys, and targeted diamond drilling programs. The company’s recent activities include identifying high-priority drill targets and leveraging borehole electromagnetics (BHEM) to refine exploration efforts. These methods are designed to uncover new nickel sulfide discoveries while validating and expanding historical resource estimates.
Proximity to Infrastructure
A critical advantage for Core Nickel is the proximity of its projects to existing infrastructure. The Mel deposit is situated only 25 km from Vale's Thompson Mill Complex, while Halfway Lake is 15 km from the Bucko Mill. This access to highways, railways, and hydroelectric power significantly reduces logistical challenges and exploration costs, enhancing the economic potential of its assets.
Industry Context and Market Position
The global demand for nickel is driven by its critical role in stainless steel production and as a key component in lithium-ion batteries for electric vehicles (EVs). Core Nickel's focus on responsibly sourced Canadian nickel aligns with the growing emphasis on ESG (Environmental, Social, and Governance) principles in the mining industry. By operating in a stable jurisdiction with nearly 100% renewable hydroelectric power, the company is well-positioned to meet the needs of environmentally conscious markets.
Competitive Advantages
- Strategic Land Position: Core Nickel's contiguous land package in the TNB provides access to a proven nickel district with significant exploration upside.
- Advanced Exploration Techniques: The integration of VTEM surveys and BHEM ensures a data-driven approach to target identification and resource expansion.
- Proximity to Infrastructure: Access to mills, transportation, and renewable energy reduces costs and supports sustainable operations.
- Experienced Team: The leadership team includes seasoned professionals with expertise in exploration, corporate development, and capital markets.
Commitment to Sustainability
Core Nickel is committed to responsible mineral development, emphasizing community engagement, local employment, and environmental stewardship. The company's partnerships with local stakeholders and alignment with ESG principles underscore its dedication to sustainable exploration practices.
Conclusion
Core Nickel Corp. represents a compelling opportunity in the nickel exploration sector, leveraging its strategic assets, advanced exploration methodologies, and proximity to infrastructure in the world-class Thompson Nickel Belt. With a focus on responsibly sourced nickel, the company is well-positioned to capitalize on the growing demand for this critical metal in the transition to a low-carbon economy.
Core Nickel Corp (CSE: CNCO) has launched a ~$2 million exploration program at its 100%-owned Halfway Lake project in Manitoba's Thompson Nickel Belt. The program includes ~4,000 metres of planned drilling across 14 diamond drillholes, targeting high-priority areas identified from the 2024 VTEM survey.
The project, located 15 km from the Bucko Mill, will employ two diamond drills operated by Team Drilling LP. Key targets include an extension near the historic Halfway Lake nickel deposit (900,000 tonnes at 1.2% nickel) and an area 150m north of the W62 Zone, where previous drilling yielded 91 metres grading 0.37% Ni. The program will utilize Borehole Electromagnetics (BHEM) technology to detect conductive massive sulphide mineralization.
The company is fully permitted for drilling until April 2026, with first-pass testing focusing on shallow EM conductors at approximately 100m vertical depth.
Core Nickel Corp has initiated helicopter-borne geophysical surveys on its Mel and Odei River projects near Thompson, Manitoba. The surveys, conducted by Geotech , will cover approximately 379 line-km on Mel and 1,520 line-km on Odei River, using VTEM Plus and horizontal magnetic gradiometer systems.
The Mel project hosts a historical mineral resource of 4.28 million tons at 0.875% nickel (indicated) and 1.01 million tons at 0.839% nickel (inferred). The new VTEM survey will explore depths up to 400 meters, significantly deeper than historical drilling which averaged only 200 meters.
Additionally, the company has granted 1,900,000 stock options to directors and officers, exercisable at $0.175 for 3 years. Core Nickel also received the final tranche of $69,100 from the Manitoba Mineral Development Fund, completing a total grant of $207,000.
Core Nickel Corp (CSE: CNCO) has released its 2024 Year-End Review and 2025 exploration plans. The company raised $3.7 million in 2024, including $207,000 in non-dilutive grants. Management and Directors now own approximately 28% of shares.
The company's Mel deposit contains a historical indicated resource of 4.28 million tons grading 0.875% nickel and inferred resource of 1.01 million tons grading 0.839% nickel. Located 25km from Vale's Thompson mill complex, it's potentially one of North America's highest-grade undeveloped nickel deposits. A VTEM survey is planned for January 2025.
At Halfway Lake, drilling intersected 91 metres grading 0.37% nickel, with 14 high-priority targets identified. A 4,000-5,000 metre drill program will commence in January 2025. The company is advancing towards TSXV uplisting and OTCQB listing while partnering with OracleAI Corp for advanced data analysis.
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.
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