Core Nickel Receives $300,000 Grant from the Manitoba Mineral Development Fund
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) ha ottenuto un contributo di $300.000 dal Manitoba Mineral Development Fund (MMDF) per promuovere le attività di esplorazione nella Thompson Nickel Belt, in Manitoba. L'azienda ha già ricevuto i primi $100.000, mentre i fondi rimanenti sono attesi entro giugno 2025.
Il contributo non è rimborsabile e fornisce finanziamenti non diluitivi per le iniziative di esplorazione dell'azienda. Il MMDF, un fondo provinciale di $20 milioni gestito dalle Camere di Commercio del Manitoba, supporta lo sviluppo economico del nord e i progetti minerari che favoriscono le partnership con le comunità indigene, aumentano l'occupazione locale e stimolano gli investimenti nel Nord del Manitoba.
Core Nickel Corp (CSE: CNCO) ha conseguido una del Manitoba Mineral Development Fund (MMDF) para avanzar en las actividades de exploración en la Thompson Nickel Belt, Manitoba. La compañía ya ha recibido los primeros $100,000, y se espera que los fondos restantes lleguen para junio de 2025.
La subvención no es reembolsable y proporciona financiamiento no dilutivo para las iniciativas de exploración de la compañía. El MMDF, un fondo provincial de $20 millones administrado por las Cámaras de Comercio de Manitoba, apoya el desarrollo económico del norte y los proyectos mineros que fomentan asociaciones indígenas, aumentan el empleo local y promueven la inversión en el norte de Manitoba.
코어 니켈 주식회사 (CSE: CNCO)는 매니토바 미네랄 개발 기금(MMDF)으로부터 $300,000의 보조금을 확보하여 매니토바의 톰슨 니켈 벨트에서 탐사 활동을 진행하고 있습니다. 회사는 이미 초기 $100,000을 받았으며, 나머지 자금은 2025년 6월까지 예상됩니다.
이 보조금은 상환할 필요가 없으며, 회사의 탐사 이니셔티브를 위한 비희석 자금을 제공합니다. MMDF는 매니토바 상공회의소에서 관리하는 2천만 달러 규모의 주 정부 기금으로, 북부 경제 개발과 토착민 파트너십을 촉진하며 지역 고용을 증가시키고 매니토바 북부에 대한 투자를 유도하는 광산 프로젝트를 지원합니다.
Core Nickel Corp (CSE: CNCO) a obtenu une subvention de 300 000 $ du Manitoba Mineral Development Fund (MMDF) pour faire avancer les activités d'exploration dans la Thompson Nickel Belt, au Manitoba. L'entreprise a déjà reçu les premiers 100 000 $, et les fonds restants sont attendus d'ici juin 2025.
La subvention est non remboursable et fournit un financement non dilutif pour les initiatives d'exploration de l'entreprise. Le MMDF, un fonds provincial de 20 millions de dollars administré par les Chambres de commerce du Manitoba, soutient le développement économique du nord et les projets miniers qui favorisent les partenariats autochtones, augmentent l'emploi local et stimulent les investissements dans le nord du Manitoba.
Core Nickel Corp (CSE: CNCO) hat einen Zuschuss von 300.000 $ vom Manitoba Mineral Development Fund (MMDF) erhalten, um die Explorationsaktivitäten im Thompson Nickel Belt, Manitoba, voranzutreiben. Das Unternehmen hat bereits die ersten 100.000 $ erhalten, während die verbleibenden Mittel bis Juni 2025 erwartet werden.
Der Zuschuss ist nicht rückzahlbar und bietet nicht verwässernde Finanzierung für die Explorationsinitiativen des Unternehmens. Der MMDF, ein 20 Millionen Dollar umfassender Provinzfonds, der von den Handelskammern von Manitoba verwaltet wird, unterstützt die wirtschaftliche Entwicklung des Nordens und Bergbauprojekte, die indigene Partnerschaften fördern, lokale Beschäftigung steigern und Investitionen im Norden von Manitoba anziehen.
- Secured $300,000 non-dilutive funding through government grant
- First $100,000 already received, remaining $200,000 expected by June 2025
- Non-repayable grant nature strengthens cash position without debt obligations
- None.
Saskatoon, Saskatchewan--(Newsfile Corp. - April 14, 2025) - Core Nickel Corp. (CSE: CNCO) ("Core Nickel" or the "Company") is pleased to announce it has been approved for a
Misty Urbatsch, President and CEO of Core Nickel Corp. commented, "Core Nickel sincerely appreciates the support from the Manitoba Mineral Development Fund and the Manitoba Chambers of Commerce. This
The Manitoba Mineral Development Fund (MMDF) is a
About Core Nickel
Core Nickel Corp. is a junior nickel exploration company that controls
Figure 1- Core Nickel Project Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10145/248380_f43f22e514ab29c9_001full.jpg
Core Nickel has a large contiguous land package in the northern part of the TNB, situated approximately 15-20 km from the City of Thompson. Core Nickel's northern TNB land package consists of three projects: Mel, Hunter, and Odei River. The Mel project encompasses the Mel deposit, which is characterized by a historical mineral resource consisting of an indicated resource of 4,279,000 tons grading
The Company also holds two projects in the central TNB near the community of Wabowden: Halfway Lake and Resting Lake. Both projects host the target Pipe Formation associated with known elevated nickel mineralization and are proximal to existing nickel deposits, mills, and other infrastructure.
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Caitlin Glew, P. Geo., Vice-President Exploration for Core Nickel Corp., who has reviewed and approved its contents.
References
1 (n.d.). https://www.canickel.com/satellite-deposits#satellited
2 "Technical Report on the Mel Deposit, Northern Manitoba" prepared for Victory Nickel Inc, Shane Naccashian (P. Geo.) of Wardrop Engineering Inc., March 9, 2007
Mel Historical Mineral Resource
Core Nickel Corporation is treating the 2007 Mineral Resource Estimate (MRE) prepared for Victory Nickel Inc. by Shane Naccashian (P. Geo.) of Wardrop Engineering Inc. as a "historical mineral resource" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the reader is cautioned not to treat it, or any part of it, as a current mineral resource. Core Nickel has not done sufficient work to classify the historical estimate as a current mineral resource.
The historical MRE summarized above has been included simply to demonstrate the mineral potential of the Mel deposit and the Mel project. Core Nickel considers the 2007 MRE to be relevant to the further development of the project; however, is not treating the historical estimate as a current mineral resource. The historical MRE was calculated in accordance with NI 43-101 and CIM standards at the time of publication and predates the current CIM Definition Standards for Mineral Resources and Mineral Reserves (May, 2014) and CIM Estimation of Mineral Resources & Mineral Reserves Best Practices Guidelines (November, 2019).
To upgrade or verify the 2007 historical estimate as current, Core Nickel will need to complete a thorough review of all the 2007 historical MRE information and drill data, along with the incorporation of subsequent exploration work and results, which includes some drilling around the edges of the historical MRE subsequent to the publication of the resource. Additionally, a full review of the economic parameters utilized to determine current Reasonable Prospectus for Eventual Economic Extraction (RPEEE) would be required in order to produce a current MRE for the Property. Any future mineral resource will need to evaluate the open pit and/or underground potential taking into consideration the current cost and pricing conditions or constraints, along with continuity of the resource blocks.
Technical Disclosure
The historical results contained within this news release have been captured from Manitoba Integrated Mining and Quarrying System ("iMaQs") as available and may be incomplete or subject to minor location inaccuracies. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject projects.
On behalf of the Board of Directors
"Misty Urbatsch"
Misty Urbatsch
CEO, President and Director
Core Nickel Corp.
Contacts:
| Misty Urbatsch, CEO and President | General Enquiry |
| Tel: 306-668-6927 | Tel: 306-668-6927 |
| Email: murbatsch@corenickel.com | Email: info@corenickel.com |
Also find us online:
www.corenickel.com
https://x.com/CoreNickel
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-Looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248380
FAQ
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