CANADA NICKEL CO INC - CNIKF STOCK NEWS

Canada Nickel (TSXV: CNC) (OTCQX: CNIKF) has announced an extension of its US$15 million loan facility repayment with Auramet International from January 9, 2025, to March 14, 2025. The extension includes a fee of US$438,465 and the issuance of 1,750,000 warrants at a strike price of $0.96 per share with a 9-month expiry. The company will cancel 750,000 previously issued warrants.

The loan will carry a 1.25% monthly interest rate during the extension period, with interest on the original loan amount deferred to March 14, 2025. The extension aims to allow the company to complete various strategic financing initiatives. The arrangement is subject to TSX Venture Exchange approval.

Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) has signed two key definitive agreements on January 6, 2025. The first agreement, with Noble Mineral Exploration, involves creating a new private company (ExploreCo) to consolidate their nickel projects northeast of Timmins, Ontario. This transaction is expected to close by January 31, 2025.

The second agreement secures an option to acquire 32,000 acres of surface rights in Crawford and surrounding townships, important for the Crawford Nickel Sulphide project development. As part of this deal, Canada Nickel will issue 5.5 million shares and transfer 47,750 acres of mining rights in Kingsmill and Mabee townships to the Surface Rights Holder. The option can be exercised by December 31, 2026, with the possibility of five annual extensions.

Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) has joined the federal government's Equal by 30 campaign, aimed at advancing gender equality in the mining industry by 2030. The campaign focuses on achieving equal pay, leadership, and opportunities for women in the clean energy transition sector.

Currently, women represent only 16% of the mining industry workforce, compared to 48% across other industries. Canada Nickel demonstrates higher representation with 33% women on its board and 32% women in its workforce. The company plans to implement a phased DEI program over the next 12-36 months, establish relationships with organizations like 'Women in Mining', and conduct annual market analyses to ensure fair compensation. Additionally, the company will provide comprehensive workplace harassment prevention training for all employees.

Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) has completed a non-brokered private placement, raising C$4,002,000 through the issuance of 3,480,000 flow-through shares at C$1.15 per share. The proceeds will fund eligible resource exploration expenses, including Canadian Exploration expenses and flow-through critical mineral mining expenditures.

The company plans to use these funds to continue its exploration program through the first half of 2025, focusing on the Timmins Nickel District. Their goals include upgrading initial mineral resources at Reid and Deloro, and developing their Bannockburn high-grade discovery. Canada Nickel aims to publish eight mineral resources for their Timmins Nickel District properties by mid-2025.

Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) announced an initial mineral resource for its Reid Nickel Sulphide Project near Timmins, Ontario. The project, located 16 kilometers southwest of Crawford, features an Indicated Resource of 0.59 billion tonnes grading 0.24% nickel (containing 1.4 million tonnes of nickel) and an Inferred Resource of 0.99 billion tonnes grading 0.23% nickel (containing 2.2 million tonnes of nickel).

The resource covers approximately 55% of Reid's total geophysical target area, which is more than twice the size of Crawford. The project has an additional Exploration Target potential of 0.9-2.1 billion tonnes grading 0.20-0.22% nickel. Reid is the second of seven new nickel resources expected to be published by mid-2025, demonstrating the potential scale of the Timmins Nickel District.

Canada Nickel Company and Taykwa Tagamou Nation (TTN) have announced a historic $20 million investment partnership for the Crawford Nickel Sulphide Project. TTN will invest in a Convertible Note convertible into 16.67 million shares at $1.20 per share, representing an 8.4% stake in the company. The Note has a five-year term with a 4.75% annual coupon.

This marks the largest direct investment by a First Nation into a critical minerals mining project in Canada. TTN will gain a seat on Canada Nickel's Board of Directors when holding the Note or maintaining at least 5% ownership post-conversion. The Crawford Project is positioned to become Canada's largest nickel mine and aims to be a net-zero operation, capable of storing up to 1.5M tonnes of CO2 annually during peak production.

Canada Nickel (CNIKF) announced positive exploration results from its Mann Township Properties, highlighting successful drilling outcomes at three locations: Mann West, Mann Central, and Mann South. The company has completed over 117,000 metres of drilling across 14 properties in 2024.

Key findings include strong mineralization at Mann West across a 1.7 km by 0.6 km area, with 28 of 31 holes showing intervals greater than 0.3% nickel. Notable results include 0.52% nickel over 37.5 metres within 0.28% nickel over 356 metres. A new discovery at Mann South delivered 0.24% nickel over 508 metres, with several holes showing anomalous PGM horizons including 0.82 g/t Pt+Pd over 18.6 metres.

The company expects to publish six additional resources beyond Crawford and Deloro through the first half of 2025.

Canada Nickel Company has received a positive federal conformity determination from the Impact Assessment Agency of Canada (IAAC) for its Crawford Nickel Sulphide Project's Impact Statement. This confirmation indicates that the statement meets accessibility and formatting requirements, containing sufficient information to advance to technical review and public comment phases.

The 60-day public comment period began on December 9, 2024, and will conclude on February 7, 2025. The Crawford project is notably the only mining project in Canada to reach this stage under the 2019 Impact Assessment Act. The public is invited to review and provide feedback on the Impact Statement and its summary through various available documents and information sessions.

Canada Nickel reported positive assay results from drill hole BAN24-20 at its Bannockburn property, located 65 kilometers south of Timmins. The hole intersected 1.11% nickel over 10.1 metres, including 1.32% nickel, 0.17% copper, and 0.55 g/t palladium + platinum over 4.4 metres.

This mineralized interval is situated 138 metres northwest of BAN24-18, which previously intersected 1.61% nickel over 12.0 metres. The company has completed a new BHEM survey in BAN24-20 to test the continuation of high-grade horizons, revealing two separate lenses of mineralization. Follow-up drilling is currently in progress with hole BAN24-21.