Core Nickel Stock Price, News & Analysis

Core Nickel Corp (CSE: CNCO) has completed its winter 2025 drill program at the Halfway Lake Project in Manitoba's Thompson Nickel Belt. The program comprised 12 diamond drillholes totaling 3,585.5 metres to test high-priority targets identified from the 2024 VTEM survey.

Key discoveries include a new near-surface pyrrhotite-rich massive sulphide zone along trend HL-04, which remains open along strike and at depth. Drillhole HFW-25-007 intersected a 35-centimetre massive sulphide breccia at 44.2m depth, followed by additional sulphide zones.

The company also identified a new zone with Pipe Formation stratigraphy in the southern portion of the property, showing structural and geological features similar to the Thompson deposit. The project is strategically located near key infrastructure including the Bucko Mill, rail, highways, and clean hydro-electric power. Assay results are currently pending.

Core Nickel Corp (CSE: CNCO) has secured a $300,000 grant from the Manitoba Mineral Development Fund (MMDF) to advance exploration activities in the Thompson Nickel Belt, Manitoba. The company has already received the initial $100,000, with the remaining funds expected by June 2025.

The grant is non-repayable and provides non-dilutive funding for the company's exploration initiatives. The MMDF, a $20M provincial fund administered by the Manitoba Chambers of Commerce, supports northern economic development and mining projects that foster Indigenous partnerships, boost local employment, and drive investment in Northern Manitoba.

Core Nickel Corp (CSE: CNCO) has announced positive re-analysis results from twelve historical diamond drill holes at its 100%-owned Mel project in the Thompson Nickel Belt, Manitoba. The resampling program confirmed high-grade nickel mineralization with notable intersections including:

• 1.73% Ni over 36.3m in DDH 102503
• 2.81% Ni over 11.6m in DDH 89300
• 2.32% Ni over 14.4m in DDH 89299

The Mel deposit currently has a historical indicated resource of 4,279,000 tons grading 0.875% Ni and an inferred resource of 1,010,000 tons at 0.839% Ni (0.5% Ni cut-off). Located just 20km from existing infrastructure including mines and mills, the project benefits from rail access and renewable hydroelectric power. Historical drilling has focused on shallow depths averaging 200 meters, with significant potential for deeper mineralization.

Core Nickel Corp (CSE: CNCO) has announced a change in its auditor, transitioning from Deloitte LLP to Dale Matheson Carr-Hilton Labonte LLP effective March 10, 2025. The change was initiated at the company's request and approved by the board of directors. The Former Auditor's resignation was accepted, and the Successor Auditor will serve until the next annual general meeting of shareholders.

Notably, there were no reservations in Deloitte's audit reports for the company's two most recent financial years, and no reportable events were identified between Core Nickel and the Former Auditor. The required documentation, including letters from both auditors and the Notice of Change of Auditor, has been reviewed by the audit committee and board of directors and filed on SEDAR+.

Core Nickel Corp (CSE: CNCO) has launched a ~$2 million exploration program at its 100%-owned Halfway Lake project in Manitoba's Thompson Nickel Belt. The program includes ~4,000 metres of planned drilling across 14 diamond drillholes, targeting high-priority areas identified from the 2024 VTEM survey.

The project, located 15 km from the Bucko Mill, will employ two diamond drills operated by Team Drilling LP. Key targets include an extension near the historic Halfway Lake nickel deposit (900,000 tonnes at 1.2% nickel) and an area 150m north of the W62 Zone, where previous drilling yielded 91 metres grading 0.37% Ni. The program will utilize Borehole Electromagnetics (BHEM) technology to detect conductive massive sulphide mineralization.

The company is fully permitted for drilling until April 2026, with first-pass testing focusing on shallow EM conductors at approximately 100m vertical depth.

Core Nickel Corp has initiated helicopter-borne geophysical surveys on its Mel and Odei River projects near Thompson, Manitoba. The surveys, conducted by Geotech , will cover approximately 379 line-km on Mel and 1,520 line-km on Odei River, using VTEM Plus and horizontal magnetic gradiometer systems.

The Mel project hosts a historical mineral resource of 4.28 million tons at 0.875% nickel (indicated) and 1.01 million tons at 0.839% nickel (inferred). The new VTEM survey will explore depths up to 400 meters, significantly deeper than historical drilling which averaged only 200 meters.

Additionally, the company has granted 1,900,000 stock options to directors and officers, exercisable at $0.175 for 3 years. Core Nickel also received the final tranche of $69,100 from the Manitoba Mineral Development Fund, completing a total grant of $207,000.

Core Nickel Corp (CSE: CNCO) has released its 2024 Year-End Review and 2025 exploration plans. The company raised $3.7 million in 2024, including $207,000 in non-dilutive grants. Management and Directors now own approximately 28% of shares.

The company's Mel deposit contains a historical indicated resource of 4.28 million tons grading 0.875% nickel and inferred resource of 1.01 million tons grading 0.839% nickel. Located 25km from Vale's Thompson mill complex, it's potentially one of North America's highest-grade undeveloped nickel deposits. A VTEM survey is planned for January 2025.

At Halfway Lake, drilling intersected 91 metres grading 0.37% nickel, with 14 high-priority targets identified. A 4,000-5,000 metre drill program will commence in January 2025. The company is advancing towards TSXV uplisting and OTCQB listing while partnering with OracleAI Corp for advanced data analysis.

Core Nickel Corp has announced the discovery of 14 High Priority targets through an airborne electromagnetic survey at its Halfway Lake Project in the Thompson Nickel Belt, Manitoba. The project, located 15 km from the Bucko Mill, includes significant findings such as a target confirming the extension of a conductive trend near the historic Halfway Lake nickel deposit, and a target 150m north of the W62 Zone where previous drilling yielded 91 metres grading 0.37% Ni.

The survey, completed in July 2024 by Geotech , covered both Halfway Lake (828 line-km) and Resting Lake (515 line-km) properties. The company is fully funded to begin drill testing these targets in early 2025, with targets showing similar signatures to known deposits in the Thompson Belt.

Core Nickel Corp (CSE: CNCO) has completed its non-brokered private placement, issuing 3,313,572 units at $0.175 per unit for gross proceeds of $579,875.10. This financing, combined with previous funding, brings the total to nearly $3.5 million secured over the past month and a half. The company plans to use the proceeds for general working capital and advancing exploration in the Thompson Nickel Belt. Additionally, Core Nickel has entered into marketing agreements with Junior Mining Network for CAD$19,000 and Chinese Investment Club Inc for $3,955 to enhance their market presence and documentation accessibility.