CANADA NICKEL CO INC - CNIKF STOCK NEWS

Canada Nickel Company Inc. announced the commencement of Front End Engineering Design at the Crawford Nickel Sulphide project, led by Ausenco Engineering Canada ULC. The company aims for a mid-2025 construction decision and first production by year-end 2027. Mark Selby, CEO of Canada Nickel, expressed confidence in advancing engineering activities to meet project targets.

Canada Nickel Company Inc. announces positive initial assay results from its 2024 exploration program, including significant nickel mineralization at Newmarket and Reid properties. The Company plans to delineate an initial palladium-platinum resource at Crawford. CEO Mark Selby highlights the potential of Reid and Newmarket properties for large-scale mineralization.

Canada Nickel Company Inc. announces successful delineation of Mann Central and Mann Northwest discoveries, extending mineralization across significant strike lengths. The properties have large ultramafic targets, with PGMs intersected alongside nickel mineralization. CEO Mark Selby highlights the extensive target strike length of over 25 kilometers. The company plans to focus on exploration programs in 2024, with Mann Southeast to be drilled next summer.

Canada Nickel reports successful assay results from the 'B' Zone at Bannockburn, with multi-hundred meter intervals of nickel ranging from 0.27-0.29% and higher grade intervals of 0.3% or better. The upcoming summer 2024 drill program aims to complete the Canada Nickel program for an initial resource later in 2024.

Canada Nickel Company Inc. plans to develop two processing facilities in the Timmins Nickel District, aiming to be the largest nickel processing facility in North America. The facilities will be designed to be net zero-carbon and utilize carbon storage capacity to store CO2. The Company is at the site-selection stage and expects to complete feasibility studies by year-end. Production is estimated to begin by 2027, positioning the company at the forefront of the global transition to greener energy and materials.

Canada Nickel Company Inc. has completed an equity investment by Samsung SDI Co., Ltd. for US$18.5 million, resulting in Samsung SDI holding 8.7% of the company's common shares.

Canada Nickel Company Inc. has extended the repayment date of a $12 million loan facility with Auramet International, Inc. and entered into purchase and sale agreements for mining claims in Ontario. The company has also agreed to issue common shares to two indigenous nations as part of exploration agreements and confirmed cash fees for a private placement of flow-through units.

Samsung SDI to invest US$18.5 million in Canada Nickel Company Inc. (CNC) and acquire approximately 15.6 million shares, becoming an 8.7% shareholder. Samsung SDI also gains the right to purchase a 10% equity interest in the Crawford project for US$100.5 million. Canada Nickel will grant Samsung SDI certain offtake rights to the project's nickel-cobalt products.

Canada Nickel Company Inc. (TSXV: CNC) (OTCQX: CNIKF) has completed a brokered private placement, receiving flow-through funding of $34.7 million and making Agnico Eagle Mines Limited a 12% shareholder. The Offering consists of 19,600,000 units at a price of C$1.77 per unit, with each unit including one flow-through common share and 0.35 of one flow-through common share purchase Warrant. The proceeds will help unlock the potential of the Timmins Nickel District and advance various offtake initiatives. Agnico Eagle has acquired the units and holds approximately 12% of the Company's issued and outstanding common shares on a non-diluted basis, and 15.6% on a partially-diluted basis (assuming exercise of all of the Warrants).