CANADA NICKEL CO INC - CNIKF STOCK NEWS

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.

Canada Nickel Company Inc. (TSX-V:CNC) (OTCQB: CNIKF) has announced the appointment of Julian Ovens to its Board of Directors, effective October 21, 2024. Mr. Ovens brings extensive senior management experience from Rio Tinto and BHP, as well as senior roles in the Canadian government and successful government relations and public affairs advisory.

Simultaneously, Mike Cox has retired as a director but will continue to support the company by leading Canada Nickel's wholly owned downstream subsidiary, NetZero Metals Inc. The company's Chair, David Smith, expressed confidence that Mr. Ovens' expertise will be invaluable as they advance the Crawford Nickel Sulphide Project towards a construction decision in 2025.

Mr. Ovens' background includes roles as Partner at Crestview Strategy, Director of the Canadian Commercial , and Chief of Staff to multiple Canadian Ministers of International Trade and Foreign Affairs. He also has extensive experience in the natural resources sector, having worked in strategy and development roles at BHP and in corporate Mergers & Acquisitions at Rio Tinto Alcan.

Canada Nickel Company Inc. (TSXV: CNC) (OTCQX: CNIKF) has been conditionally approved for a C$4.38 million contribution from Natural Resources Canada's Critical Minerals Infrastructure Fund (CMIF). The funding supports pre-construction and project development activities for the Crawford Nickel Sulphide Project, focusing on electrical infrastructure. These studies, scheduled for completion by June 2025, are important for developing clean energy infrastructure in the mining sector.

The project aims to reduce greenhouse gas emissions by over 60% compared to diesel-powered operations by utilizing Ontario's clean electricity grid. It also includes a permanent carbon storage component, potentially making it a net-zero contributor of CO2 over its lifetime. Once operational, the mine is expected to create about 1,500 jobs and drive economic growth in the Timmins region.

Canada Nickel Company Inc. (TSXV: CNC) (OTCQX: CNIKF) has initiated the submission of the federal Impact Statement for its Crawford Nickel Sulphide Project. The submission, expected to be completed within six weeks, includes critical baseline data and analysis of environmental, social, and economic effects of the project. It reflects the company's commitment to responsible mining and outlines mitigation measures for potential negative impacts.

The Impact Statement is the result of extensive consultations with Indigenous Nations, local communities, government agencies, and key stakeholders. CEO Mark Selby highlighted this as a major milestone, bringing the company closer to securing permits targeted for 2025. The project aims to drive regional economic growth and produce critical minerals to meet rising global demand, positioning Canada Nickel as a key player in the transition to a low-carbon economy.

Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) has announced significant developments for its subsidiary, NetZero Metals Inc. The company has formed an Advisory Board of global metallurgical leaders to support the advancement of its nickel, stainless-steel, and alloy processing facilities planned for the Timmins District. The Advisory Board includes Dr. Ulrich Albrecht Frueh, Boyd Davis, Christian Hempel, and Tony Warner, bringing extensive experience in the nickel, stainless, and alloy steel sectors.

Additionally, Canada Nickel has appointed Scott Lauschke as Vice-President Business Development for NetZero Metals. Lauschke, a metallurgical engineer with 27 years of experience in stainless and alloy steels, will play a important role in progressing the company's downstream processing projects through the Feasibility Study stage and into production.