CANADA NICKEL CO INC - CNIKF STOCK NEWS

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).

Canada Nickel Company announced the results of its Preliminary Economic Assessment for the Crawford Nickel Sulphide Project, highlighting an after-tax NPV8% of $1.2 billion and an IRR of 16%. With a projected production of 1.9 billion pounds of nickel over 25 years, the project boasts a net C1 cash cost of $1.09/lb and an AISC of $1.94/lb. The Company is advancing to a feasibility study set for mid-2022, aiming for sustainable mining methods and substantial free cash flow of $274 million annually.

Canada Nickel Company has announced significant results from its drill program at the MacDiarmid Nickel Project, located near its Crawford discovery. The first three drill holes revealed substantial intersections of mineralized dunite, similar to the mineralization found at Crawford. The company aims to leverage these findings for further exploration across its properties. A Preliminary Economic Assessment for Crawford, promising increased project viability, will be released on May 25, 2021, followed by a conference call on May 26.

Canada Nickel Company has entered a binding letter of intent with Noble Mineral Exploration to acquire properties previously optioned by the Company, consolidating its nickel land package. The transaction involves issuing 3.5 million common shares in exchange for 100% interest in six properties, including the Bradburn/Dargavel property. The acquisition aims to expand and consolidate the Crawford footprint, enhancing Canada Nickel's strategic position. The final documentation and TSX approval are pending, with anticipated results from ongoing drilling and exploration set for May 2021.

Canada Nickel Company (TSXV: CNC, OTCQB: CNIKF) announced a longer-form option agreement with Noble Mineral Exploration to consolidate claims in MacDiarmid and Loveland Townships. The agreement involves 39 additional mineral claims and includes the issuance of 200,000 shares to Noble, forgiving a $160,224 debt, and transferring $500,000 in assessment credits. Canada Nickel must invest a total of $250,000 in exploration expenditures to earn an 80% interest in the claims over three years. The company also plans acquisitions in Timmins, Ontario, involving cash and share payments.

Canada Nickel Company has initiated its Environmental and Social Impact Assessment (ESIA) for the Crawford Nickel Cobalt Sulphide project. This move underlines the company's commitment to sustainability as it prepares for net-zero nickel and cobalt production. The ESIA will be conducted with help from Golder and Wood, both experienced in environmental permitting in Northern Ontario. The company aims to finalize its Preliminary Economic Analysis and feasibility study by year-end, emphasizing community engagement and environmental stewardship as vital aspects of the project's development.

On April 7, 2021, Canada Nickel Company announced a Memorandum of Understanding (MOU) with Taykwa Tagamou Nation (TTN) for financing its Crawford Nickel Cobalt Sulphide Project. The collaboration aims to secure favorable financing terms for heavy mining equipment, potentially reducing initial capital costs and enhancing project financing. The agreement also opens avenues for training and employment for TTN members. This partnership follows a previous agreement in December 2020, reinforcing the commitment to economic growth and responsible development in Northern Ontario.