CANADA NICKEL CO INC - CNIKF STOCK NEWS

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.

Canada Nickel Company has announced a second significant nickel sulphide intersection at its Bannockburn Property, located 65 kilometers south of Timmins, Ontario. The new drill hole BAN24-20 revealed a net-textured sulphide interval of 9.2 metres within a 12.7-metre mineralized interval. This follows the previous hole BAN24-18 which intersected 12.0 metres of 1.61% nickel, including 4.0 metres of 3.95% nickel. The company is currently conducting a borehole electromagnetic survey to understand the size and location of the high-grade mineralization in the F-zone. The B-Zone initial resource is expected to be completed by Q1 2025.

Canada Nickel (OTCQB: CNIKF) has filed its Impact Statement for the Crawford Nickel Sulphide Project with the Impact Assessment Agency of Canada on November 22, 2024. This milestone keeps the project on track for permits and construction decision in 2025. The company has conducted extensive environmental and socio-economic studies since 2021, engaging with Indigenous communities and stakeholders. According to the Feasibility Study, the 41-year project is expected to generate $63 billion in revenue, create over 1,000 jobs, and contribute $9.6 billion in various taxes from a $6.8 billion investment.

Canada Nickel announced assay results from drillhole BAN24-18 at the Bannockburn Project, intersecting 4.0 metres of massive sulphide with 3.95% nickel, 0.40% copper, 0.15% cobalt, and 1.08 g/t palladium & platinum. The drilling also revealed 1.61% nickel over 12 metres. The Bannockburn Property, located near Timmins, Ontario, has been a focus for high-grade nickel exploration. CEO Mark Selby highlighted the potential of the F-Zone target and ongoing tests for other high conductivity areas. Historical drilling in the F-Zone showed promising results, and a borehole electromagnetic survey is underway to identify further mineralization. The company is also following up on similar targets identified in the B-Zone from a 2024 EM survey. Quality assurance and control are ensured through rigorous sampling and analysis protocols.

Canada Nickel has intersected significant massive sulphide at its Bannockburn Property, located 65 kilometers south of Timmins, Ontario. Drillhole BAN24-18 revealed a 3.9-metre section of massive sulphide within a 12.7-metre mineralization zone. The company is conducting an infill drill program on the B-Zone, with an initial resource expected by Q2 2025. The discovery follows historical drilling that yielded intervals including 2.8 metres of 2.9% nickel. Additional targets within the B-Zone were identified during a semi-airborne EM survey showing two higher conductivity areas. Assay results are expected next week.

Canada Nickel Company has released its 2023 ESG Report, highlighting significant achievements in sustainable mining practices. The company reported zero fatalities and lost-time injuries, achieved 50% local hiring, and spent 27% of its budget on local procurement. Key accomplishments include increasing permanent carbon storage potential to 1.3 million tonnes of CO2 annually, reducing exploration emission intensity from 37 to 31 kg CO2e per metre drilled, and investing $446,440 in Indigenous partnerships.

The company strengthened its governance with 33% female board representation and established an ESG Committee. Community investments included $1.5M allocated to local programs and partnerships. The report demonstrates Canada Nickel's commitment to environmental stewardship, social responsibility, and Indigenous reconciliation as it advances the Crawford Nickel Sulphide Project in Ontario.

Canada Nickel Company provided updates on its regional exploration program across multiple properties. At Reid, drilling continues to show long mineralized intervals, with an initial resource expected by end of 2024. Mann West yielded strong results including 330 metres of 0.26% nickel, with an initial resource estimate expected by Q1 2025. Mann North drilling revealed multiple gold intervals, including 4.5 metres of 2.36 g/t gold within 45 metres of 0.45 g/t gold. The company has successfully completed over 100,000 metres of drilling on 14 properties in 2024, all located within 100 kilometres of Timmins, Ontario.