Canada Nickel Announces Significant Awaruite at Midlothian Property
Rhea-AI Summary
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.
Positive
- Inferred resource 590 million tonnes at 0.28% Ni (1.68 Mt Ni)
- 79% of total nickel hosted in awaruite high‑tenor alloy
- DTR nickel grade up to 0.15% Ni on composite samples
- Brucite abundance indicates enhanced carbon sequestration potential
Negative
- Resource classified as Inferred, not Indicated or Measured
- DTR recoverable Ni grades are low at 0.07–0.15% Ni
- Metallurgical tests limited to four composites and 22 drillholes
News Market Reaction – CNIKF
In the Feb 26 session, CNIKF declined 0.93%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Highlights
79% of the total nickel at Midlothian is contained in awaruite, a high-grade nickel-iron alloy- Mineralogical and Davis Tube Recoverable ("DTR") analysis confirm significant awaruite, with DTR grades of
0.15% ,0.14% , and0.12% nickel on composite samples – comparable to other awaruite deposits - Brucite content averages
5.6% , more than 2.5 times higher than Crawford, indicating strong carbon storage potential
CEO Mark Selby said, "Today's announcement is another exciting development in the Timmins Nickel District confirming Midlothian as a significant deposit. The strong results across all samples highlight the potential of this resource, which contains significant quantities of awaruite ranging from 0.25
Mr. Selby continued, "We are encouraged by these early results, especially as initial DTR tests were done at coarser grind size than other deposits. A finer grind may yield even higher DTR nickel results. Because the awaruite mineralization has been confirmed to be widespread at Midlothian, the Company plans to assay all existing and future drill holes to allow a DTR nickel resource grade to be calculated in addition to a total recoverable nickel resource."
Midlothian Project
Midlothian is located 64 kilometres southwest of
An initial total nickel resource estimate was published at the end of 2025 (see news release December 18, 2025) containing an Inferred Resource of 0.59 billion tonnes grading
This release summarizes the mineralogical results for 177 samples from the first 14 of the 22 drillholes (Figure 1), as well as metallurgical results for four separate composite representing different mineralization styles within the deposit (Table 1). The results highlight the thoroughly serpentinized nature of the ultramafics and confirm the different mineral forms in which nickel is hosted. Mineralogical results on the remaining eight holes are pending. The nickel mineralization is dominated by a nickel-iron alloy (awaruite) and minor nickel sulphide (heazlewoodite) Figure 2, Table 1. Both awaruite and heazlewoodite are minerals that have a higher nickel tenor, ranging between 65
Brucite, a key mineral indicator for carbon sequestration potential was also identified by QEMSCAN. Midlothian contains significantly higher abundance than both Crawford's East and Main Zones. (Figure 3)
Table 1 – Midlothian – Composite Samples Mineralogy summary*
Type | Ni % | Heazlewoodite (Hz)% | Awaruite (Aw) % | % Nickel in Aw/Total Ni |
COMP-A | 0.30 | 0.00 | 0.35 | 82 |
COMP-B | 0.29 | 0.01 | 0.37 | 84 |
COMP-C | 0.29 | 0.00 | 0.33 | 79 |
COMP-D | 0.28 | 0.01 | 0.30 | 73 |
Comp-A comprised 62 samples totaling 93 metres in core length; COMP-B comprised 50 samples totaling 77 metres; COMP-C comprised 30 samples totaling 45 metres; COMP-D comprised 58 samples totaling 87 metres.
Average nickel grade is
*Mineral Averages are from mineral mass estimations by QEMSCAN
*Mineral Averages are from 177 QEMSCAN samples across the Midlothian deposit
*Mineral Averages are from 177 QEMSCAN samples across the Midlothian deposit
Davis Tube Recovery Tests
Metallurgical testing was conducted at the XPS laboratory in
Table 2. Davis Tube Test Results Summary
Sample | DTR Ni Grade | DTR Fe Grade | DTR Ni Rec | DTR Fe Rec | DTR Mass Pull | DTR Magnetic Ni | DTR Fe |
COMP-C | 0.15 % | 2.6 % | 48 % | 62 % | 4.4 % | 3.30 % | 58.4 % |
COMP-B | 0.14 % | 3.2 % | 46 % | 66 % | 4.9 % | 2.76 % | 64.2 % |
COMP-A | 0.12 % | 2.7 % | 40 % | 61 % | 4.2 % | 2.96 % | 63.5 % |
COMP-D | 0.07 % | 3.6 % | 25 % | 71 % | 6.7 % | 1.03 % | 54.5 % |
Table 3 summarizes the results of microprobe investigations for each of the four samples that were subjected to Davis Tube testing. The results demonstrate the high nickel tenor of heazlewoodite and awaruite minerals and the low nickel grade of serpentine. These results coupled with the Davis Tube nickel results are encouraging because they show that nickel has been liberated from the olivine minerals through the serpentinization process.
Table 3. Composite Samples - Nickel content by Mineral (%)
Sample | Awaruite | Heazlewoodite | Serpentine | Brucite | Magnetite |
COMP-A | 70 | - | 0.12 | 0.11 | - |
COMP-B | 66 | 73 | 0.10 | 0.05 | - |
COMP-C | 69 | 72 | 0.06 | 0.03 | - |
COMP-D | 68 | 72 | 0.06 | 0.04 | - |
Average | 68 | 72 | 0.08 | 0.06 | 0.04 |
Statement Regarding TSX Venture
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Person and Data Verification
Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a "Qualified Person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel™, NetZero Cobalt™, NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill and exploration results relating to the properties described herein (the "Properties"), the significance of drill results, the expected timing of the delivery of an updated resource, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the Crawford Nickel Sulphide Project and the Properties, timing and completion (if at all) of mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development plans and results, corporate and technical objectives, receipt of TSX Venture Exchange approval for the acquisition described herein and the completion of the transaction. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law.
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SOURCE Canada Nickel Company Inc.