CANADA NICKEL CO INC - CNIKF STOCK NEWS

Canada Nickel Company has announced successful initial lab testing results indicating that tailings from its Crawford Nickel-Sulphide Project can capture 17.5 kg CO₂ per tonne of tailings, far exceeding the 4.6 kg CO₂ required for net zero carbon production. The company aims to achieve a zero carbon nickel operation and is exploring the sale of excess CO₂ capture as carbon credits. The results, supported by research from Kingston Process Metallurgy and Queen's University, highlight the project's potential for carbon sequestration and ongoing efforts to optimize the process.

Canada Nickel Company announced significant drilling results from the Crawford Nickel-Sulphide Project, revealing an extensive Higher-Grade Core in the East Zone, spanning 2.1 kilometers. Noteworthy results include Hole 142A, averaging 0.31% Ni over 576 meters, and Hole 165A, mineralized over 690 meters. The metallurgical work shows a 55% nickel concentrate from the East Zone samples, indicating the potential for a major resource increase. Infill drilling will continue, supporting a resource update next year and a feasibility study expected later in 2022.

Canada Nickel Company announced significant metallurgical advancements at its Crawford Nickel Sulphide Project, achieving a nickel recovery rate of 62%, a 19% improvement over previous assessments. The iron recovery improved by 5% to 45%, with a notable 14% increase in magnetite concentrate grade to 54% iron. Cobalt recovery also rose dramatically to 70%, exceeding previous targets. The company is committed to advancing its feasibility study, albeit facing delays in assay results. These developments enhance the project’s overall value and potential returns.

Canada Nickel Company (CNIKF) announced its participation in a Virtual Investor Conference on July 29, 2021, where CEO Mark Selby will present company updates. The firm is also consolidating land by acquiring mineral property claims in the Timmins, Ontario region for 1.26 million shares and $25,000. These acquisitions come with a 2% royalty for vendors and additional offtake rights for one vendor. The transactions are pending regulatory approval. The company focuses on advancing nickel-cobalt projects aimed at supporting electric vehicle markets.

Canada Nickel Company has announced promising results from its ongoing drilling program at the Nesbitt Nickel Property, located 1.8 kilometers east of initial discovery holes. The latest drill hole intersected 302 meters of nickel mineralization, confirming the potential for a significant nickel resource in the area. This discovery is part of a larger exploration initiative surrounding the Crawford Nickel Sulphide Project. Mark Selby, CEO, emphasized the project's scale potential and its importance for higher-grade nickel feed for the Crawford mill.

Canada Nickel Company has filed a Preliminary Economic Assessment (PEA) for its Crawford Nickel Sulphide Project in Timmins, Ontario. The PEA details a 25-year mining plan with a projected output of 842,000 tonnes of nickel, 21 million tonnes of iron, and 1.5 million tonnes of chrome, valued at $24 billion. With an after-tax NPV of $1.2 billion and significant annual EBITDA of $439 million, the project aims to advance to a feasibility study by mid-2022. However, the PEA remains preliminary and includes inferred resources that may not be realized.

Canada Nickel Company (CNIKF) announced significant drill results from its Nesbitt, Mahaffy, and Kingsmill Nickel properties, confirming the district-scale potential of its Crawford Nickel Project. At Nesbitt, two drill holes revealed substantial mineralization, indicative of a higher-grade zone just 8 km from Crawford. Mahaffy and Kingsmill also reported extensive mineralized dunite. The company emphasizes its successful geophysical approach that led to these discoveries, bolstering prospects for additional nickel sources to support Crawford's mill operations.

Canada Nickel Company reported significant drilling results from the Crawford Nickel Sulphide Project, extending mineralization by 1.8 km in the Main Zone. The findings include higher-grade PGM intersections, with two holes yielding true widths of 3.9 meters at 1.6 g/t PGM and 0.49% nickel. The North Zone assay results revealed nickel mineralization over a strike length of 400 meters, while the East Zone drilling confirmed mineralized dunite across 1.9 km. An updated mineral resource estimate is expected by early 2022, contributing to the planned feasibility study.

Canada Nickel Company announced that its Crawford project will have an industry-leading low carbon footprint, producing only 2.05 tonnes of CO2 per tonne of nickel-equivalent, which is 93% lower than the global average of 29 tonnes CO2. This estimate positions Crawford's emissions below 99.7% of current global nickel production. The potential for carbon offsets from waste rock and tailings could lead to net zero CO2 production. The study was conducted by Skarn Associates using data from a recent Preliminary Economic Assessment (PEA).