CANADA NICKEL CO INC - CNIKF STOCK NEWS

Canada Nickel Company announced successful results from pilot plant testing at its Crawford Nickel Project. Key achievements include an 18% improvement in iron recovery and a 15% increase in chromium recovery, along with a 16% increase in iron grade to 55%. The testing confirms the effectiveness of the updated magnetite circuit, and discussions are ongoing with several stainless and ferroalloy producers for downstream processing partnerships. The project aims to produce nickel, chromium, and other valuable by-products while focusing on zero carbon production methods.

Canada Nickel Company announced significant advancements in its IPT Carbonation Process for carbon capture, tripling efficiency within 24 hours. This method could enable the production of Net Zero Nickel and generate up to 21 tonnes of CO₂ credits per tonne of nickel. The Crawford Project is projected to yield 710,000 tonnes of CO₂ credits annually, totaling 18 million tonnes over its life. The process simplifies the quantification of carbon capture, making it a potential game-changer in sustainable mining.

Canada Nickel Company has successfully closed a US$10 million secured loan facility with Auramet International. This funding will support post-feasibility work on permitting and detailed engineering for the Crawford Nickel-Cobalt Sulphide Project during the winter months. The loan carries a 1.00% monthly interest rate and is due January 18, 2023, with additional terms including a 2% arrangement fee and the issuance of 325,000 warrants at $1.52 per share.

Canada Nickel Company is on track to complete its feasibility study for the Crawford project by year-end, with current completion at 85%. The company has secured a US$10 million loan facility from Auramet, expected to close by October 14, 2022, and due for repayment by January 14, 2023, carrying an interest of 1.00% per month. The loan will also provide Auramet with 325,000 one-year warrants at a strike price of $1.52 per share. This financing will support post-feasibility study activities, including permitting and detailed engineering.

Canada Nickel Company has filed an independent technical report for its Crawford Nickel Sulphide Project, which includes an updated mineral resource estimate. The report, prepared by Caracle Creek International Consulting with contributions from Ausenco Engineering and Wood Environment, reiterates results from the Preliminary Economic Assessment from July 2021. This development aims to provide transparency to investors regarding the project’s potential in supporting electric vehicle and stainless steel markets.

Canada Nickel Company (OTCQX: CNIKF) has initiated the federal Impact Assessment permitting process for its Crawford Nickel Project after the Impact Assessment Agency of Canada accepted the Company's Initial Project Description. This acceptance starts a 180-day public comment period. Canada Nickel engaged in over 20 meetings with Indigenous communities and stakeholders to gather feedback on the project. Following the comment period, the Agency will provide a Summary of Issues to which Canada Nickel must respond before continuing the permitting process.

Canada Nickel Company has announced a breakthrough in carbon capture with its new In Process Tailings Carbonation (IPT Carbonation) method, capable of achieving Net Zero emissions within 36 hours and generating up to 21 tonnes of CO₂ credits per tonne of nickel produced. This innovative approach could lead to 710,000 tonnes of annual CO₂ credits, or a total of 18 million tonnes over the mine's life. The company aims to transform the Crawford nickel mine into a carbon credit generator, supporting the EV industry's sustainability goals.

Canada Nickel Company has announced an updated mineral resource estimate for its Crawford Nickel Sulphide Project, increasing the Measured and Indicated (M&I) resources to 1.43 billion tonnes at 0.24% nickel, with an additional 670 million tonnes of Inferred resources at 0.23% nickel. The Crawford Project is now considered the fifth largest nickel sulphide resource globally, containing 3.48 million tonnes of nickel. The feasibility study is on track for completion by year-end, with substantial exploration still ongoing.

Canada Nickel Company announced promising drilling results from its Reid property, revealing 354 meters of 0.24% nickel, including sections of higher-grade mineralization of 0.39% over 15 meters and 0.57% over 6 meters. The mineralogy aligns with the flagship Crawford Project, and the Reid property has a larger geophysical footprint. An update on the Crawford resource is expected by July 6, 2022. The drilling program reaffirms the company's position in the nickel mining sector.