1. Canada Nickel reports significant mineral resources in Timmins Nickel District. 2. Mann Central has 236.7 million tonnes, 0.22% nickel; Texmont has 37.8 million tonnes. 3. Exploration Target indicates potential for 0.6-2.0 billion tonnes of nickel. 4. Three additional resource estimates expected by year-end will enhance nickel resources. 5. Mark Selby expresses optimism for advancing projects towards construction decision.
The new resources indicate increased potential and confidence in project viability, similar to historical successes where increased resources led to stock price surges.
The substantial mineral resource estimates significantly enhance Canada Nickel's growth profile, directly affecting CNIKF with potential for increased market cap and investor confidence.
The sustained interest and future exploration increases, building a significant resource base which tends to positively impact long-term investor sentiment.
TORONTO, July 15, 2025 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSX-V:CNC) (OTCQB: CNIKF) today announced initial mineral resource estimates (the "Mineral Resource Estimate" or "MRE") for its Mann Central Nickel Sulphide Project ("Mann Central"), located 40 km northeast of Timmins, Ontario and its Texmont Nickel Sulphide Project ("Texmont"), located 36 km south of Timmins. Canada Nickel owns 80% of Mann Central through its interest in East Timmins Nickel Ltd. ("East Timmins"), with the remaining 20% of East Timmins owned by Noble Mineral Exploration Inc. ("Noble"). Texmont is wholly owned by Canada Nickel through the Company's wholly owned subsidiary, Central Timmins Nickel Company Inc. ("Central Timmins").
Mark Selby, CEO of Canada Nickel said, "We are very pleased with these two new resources and even more excited by the growing scale of the Timmins Nickel District with over 9 million tonnes in each of the Measured & Indicated and Inferred categories. Mann Central is a mineral resource with significant scale and considerable potential for further testing in the future. Texmont, though a smaller target, has delivered strong results with meaningful quantities of higher grade nickel. I look forward to advancing Crawford towards a year-end construction decision and to showcasing the full potential of the Timmins Nickel District, with three additional mineral resource estimates to be published by year-end."
1 The potential quantity and grade is conceptual in nature; there has been insufficient exploration to define a mineral resource; it is uncertain if further exploration will result in the target being delineated as a mineral resource (also see below).
The Company has published mineral resources for six of its properties in the Timmins area, amounting to 9.2 million tonnes of contained nickel metal in the Measured & Indicated categories, and 9.5 million tonnes of contained nickel metal as Inferred Mineral Resources. With three more resources pending by end of year, the Company continues to show the potential of its property package in the Timmins Nickel District.
For comparison, the Sudbury nickel district has an estimated nickel endowment of 19 million tonnes of contained nickel (Naldrett and Lightfoot, 1993; Lesher and Thurston, 2002).
| Project | Measured & Indicated (Mt) | Inferred (Mt) |
|---|---|---|
| Crawford | 2.56 | 6.03 |
| Reid | 0.59 | 1.43 |
| Mann W | 0.41 | 0.95 |
| Mann CE | 0.24 | 0.52 |
| Deloro | 0.08 | 0.20 |
| Texmont | 0.04 | 0.11 |
| TOTAL | 3.92 | 9.46 |
The Mann Central Project is only 23 km east of the Company's Crawford Nickel Sulphide Project ("Crawford") and is more than twice the size of Crawford based on the outline of its geophysical target of 3.1 square kilometres.
The area of the geophysical target covered by the Mann Central MRE represents approximately 40% of its total target geophysical area. Mann Central is accessible year-round.
For the initial MRE, a total of 12,563 metres of core drilling from 32 drill holes were utilized to calculate the Mann Central mineral resources in two categories. Indicated Mineral Resources total 237 million tonnes grading 0.22% nickel, for a total of 0.52 million tonnes of contained nickel, and Inferred Mineral Resources total 537 million tonnes grading 0.21% nickel, for a total of 1.15 million tonnes of contained nickel. The approximate dimensions of the Mann Central MRE are 2.4 kilometres long, up to 700 metres wide, extending to 500 metres deep, and remaining open in all directions.
The Mann Central MRE was prepared by Caracle Creek International Consulting Inc. and its sub-consultant L&M Geociencias, in accordance with CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines (2019) and CIM Definition Standards for Mineral Resources & Mineral Reserves (2014).
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. For more information, please visit www.canadanickel.com.
Mark Selby
CEO
Phone: 647-256-1954
Email: [email protected]
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to, the potential of the Mann Central Nickel Sulphide Project, the potential of the Texmont Project, timing for filing technical reports in support of the Mineral Resource Estimates, the three additional mineral resource estimates to be published by year-end, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, timing and completion (if at all) of additional mineral resource estimates, the potential of the Timmins Nickel District, and corporate and technical objectives.