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Canada Nickel Company Inc. reports development updates for nickel-sulphide projects in Ontario’s Timmins mining district. Coverage centers on the 100% owned Crawford Nickel-Cobalt Sulphide Project, permitting and grid-connection work, project financing, and technical disclosures for properties such as Reid and Midlothian.
The company’s news also covers NI 43-101 mineral resource reports, awaruite and metallurgical results, carbon-sequestration studies, and its NetZero Nickel, NetZero Cobalt and NetZero Iron process-development initiatives for nickel, cobalt and iron products.
Canada Nickel (OTCQX: CNIKF, TSXV: CNC) issued a corporate update confirming terms of common share purchase warrants granted to Auramet International tied to the extension of its US$32 million loan facility.
The 3,500,000 warrants have an exercise price of $1.81 per common share, set under a previously disclosed pricing formula and TSX Venture Exchange requirements.
Canada Nickel (OTCQX: CNIKF) announced that the Impact Assessment Agency of Canada has published the draft Impact Assessment Report for its Crawford Nickel Project, the penultimate step in the federal process under the 2019 Impact Assessment Act.
The company targets a final federal permitting decision by early summer 2026.
Canada Nickel (OTCQX: CNIKF) extended the repayment date of its US$32 million loan from Auramet from May 9, 2026 to August 9, 2026, in return for a US$824,257 extension fee and 3,500,000 share purchase warrants. The company cancelled earlier Auramet warrants and engaged Rose & Co. for investor relations at US$62,500 per quarter. Canada Nickel made cash and share payments to acquire and amend option agreements for Timmins and Cochrane District claims, subject to TSXV approval.
Canada Nickel (OTCQB: CNIKF) signed two agreements with Hydro One to begin detailed engineering and design to connect the Crawford Nickel Project to Hydro One's Porcupine Station.
The scope covers facilitation, design, procurement and long-lead equipment including a 230kV circuit breaker; a final construction agreement will follow completion of the engineering work.
Canada Nickel (CNIKF) has advanced the Crawford Nickel Project into the federal Impact Assessment phase after IAAC confirmed completion of the Impact Statement phase on March 3, 2026.
IAAC said the company's December 30, 2025 responses satisfied subsection 19(1) of the Impact Assessment Act, and a federal permitting decision is targeted by summer 2026.
Canada Nickel (OTCQB: CNIKF) filed an independent NI 43-101 technical report for its 100% owned Reid Nickel Sulphide Project near Timmins, Ontario. The Report, issued February 26, 2026, supports the initial Mineral Resource Estimate effective January 7, 2026, with no material differences from prior disclosure.
The Report was prepared by Caracle Creek International Consulting and is available on SEDAR+. Qualified Person Stephen J. Balch P.Geo. reviewed and approved the scientific and technical information.
Canada Nickel (OTCQX: CNIKF) reports mineralogical and metallurgical results from the 100% owned Midlothian project confirming significant recoverable awaruite. An initial resource (Dec 18, 2025) showed 590 million tonnes Inferred at 0.28% Ni (≈1.68 Mt Ni). DTR tests returned up to 0.15% Ni and brucite averages indicate elevated carbon storage potential.
The deposit is a 2.5 km serpentinized ultramafic with a 1.7 km2 geophysical footprint and awaruite hosting ~79% of total nickel.
Canada Nickel (OTCQB: CNIKF) completed an in-situ carbon sequestration pilot at the Crawford nickel project near Timmins on Feb 19, 2026. The field test injected CO2-rich water between 350m–396m and successfully sequestered approximately 12 tonnes of CO2 with no surface leakage detected.
The pilot, run with a DOE ARPA-E funded University of Texas team, recorded no significant seismic events (M>1); monitoring and sampling will continue in coming months.
Canada Nickel (OTCQX: CNIKF) closed a US$32 million bridge loan facility with Auramet International on Feb 10, 2026 to fund advancement of the Crawford Nickel Sulphide Project and to repay an existing loan with BT Strategic Minerals Assets LP.
The facility is due May 9, 2026, carries an interest rate of 1.00% per month, is subject to a 2.5% arrangement fee, and included issuance of 1,750,000 one-year warrants at an exercise price of $2.03 with a four-month hold period.
Canada Nickel (OTCQX: CNIKF) entered a US$32 million bridge loan facility with Auramet International expected to close by February 9, 2026. Proceeds will fund the Crawford Nickel Sulphide Project and repay an existing loan with Ber Tov Capital. The loan matures May 9, 2026, bears 1.00% monthly interest and a 2.5% arrangement fee, and includes 1,750,000 one-year warrants exercisable at a 5% premium to the five-day VWAP prior to closing. Closing is subject to customary conditions and TSX Venture Exchange approval.