Canada Nickel Co Inc Stock Price, News & Analysis

Canada Nickel (OTCQB: CNIKF) has announced a comprehensive share-based compensation package for its officers, employees, and directors. The company granted 2,165,000 stock options at $0.86 per share with a five-year term, 835,000 restricted share units (RSUs), and 3,495,000 cash-settled RSUs tied to the Crawford Project's construction.

The stock options and RSUs will vest annually in equal thirds. The cash-settled RSUs will fully vest upon board approval for Crawford Project construction, with alternative vesting conditions if construction decision is delayed. Additionally, the company implemented a new Deferred Share Unit (DSU) Plan, granting 425,000 cash-settled DSUs to directors.

Canada Nickel (OTCQB:CNIKF) announced initial mineral resource estimates for its Mann Central and Texmont nickel sulphide projects in the Timmins Nickel District. The company's total district resources now contain 9.2 million tonnes of Measured & Indicated nickel and 9.5 million tonnes of Inferred nickel across six deposits.

Mann Central revealed an Indicated Resource of 236.7M tonnes at 0.22% nickel (0.52M tonnes contained) and Inferred Resource of 543.2M tonnes at 0.21% nickel (1.15M tonnes contained), with an additional exploration target of 0.6-2.0B tonnes. Texmont showed a Measured & Indicated Resource of 37.8M tonnes at 0.29% nickel, including higher-grade portions of 1.69M tonnes at 0.71% nickel.

The company expects to publish three additional mineral resource estimates by year-end and is advancing Crawford towards a construction decision.

Canada Nickel (OTCQX:CNIKF) has announced positive exploration results from its MacDiarmid property, located 23 kilometers southwest of Crawford. The drilling program identified mineralization extending over a 2,200-meter strike length and 400-meter width.

Key drilling results include an intersection of 0.25% nickel over 363 meters in hole MAC 25-09. The Company has completed 12 holes at MacDiarmid, with seven drilled during the 2025 campaign. The mineralization consists primarily of pentlandite and heazlewoodite in serpentinized dunite and minor peridotite.

CEO Mark Selby announced plans to resume drilling at Midlothian property on July 14th, with expectations to publish initial resources for Mann Central and Texmont properties. The company aims to release three additional resource estimates by year-end, bringing the total to nine resources in the Timmins Nickel District.

Canada Nickel Company announced an initial mineral resource estimate for its Mann West Nickel Sulphide Project near Timmins, Ontario. The project, located 21km east of Crawford, shows significant potential with an Indicated Resource of 0.4 billion tonnes grading 0.23% nickel (containing 0.95M tonnes of nickel) and an Inferred Resource of 0.6 billion tonnes grading 0.22% nickel (containing 1.31M tonnes of nickel). The resource also includes 397,000 ounces of palladium and platinum in the Indicated category and 593,000 ounces in the Inferred category. Mann West's geophysical target is more than twice the size of Crawford, with an additional Exploration Target of 0.5-1.0 billion tonnes grading 0.20-0.22% nickel. This marks the third of eight new nickel resources expected to be announced by the end of 2025.

Canada Nickel Company has partnered with Australia-based NetCarb to advance carbon sequestration technology that could increase CO2 storage capacity at its Crawford site by up to 10 times compared to their current IPT Carbonation process. The new NetCarb technology targets complete carbonation of serpentine minerals through a CO2 activity swing reactor, potentially enabling 10-15 million tonnes of annual CO2 storage and over 500 million tonnes throughout Crawford's 40+ year mine life. The partnership aims to develop a Zero Carbon Industrial Cluster in Timmins, Ontario, with potential for multi-gigatonne carbon sequestration across 20 regional ultramafic exploration properties. The companies plan to seek government funding and attract industrial partners across various sectors including natural gas power, hydrogen production, and biomass industries.

Canada Nickel Company's Crawford Nickel Sulphide Project has been recognized by the Government of Ontario as one of five strategic critical minerals projects ready for near-term development. The project, located near Timmins, will provide domestic supply of critical minerals including nickel, cobalt, and North America's only chromium source. Ontario's government support includes a $500 million Critical Minerals Processing Fund and $3.1 billion in various funding to support Indigenous partnerships. The Crawford Project features direct access to power, road, and rail infrastructure, and has established partnerships with local Indigenous Nations. The project will utilize Canada Nickel's innovative IPT Carbonation process for carbon capture, positioning it to become one of Canada's largest carbon storage facilities while contributing to economic development in Northern Ontario.

Canada Nickel Company (CNIKF) reported positive exploration results from its Reid, Mann West, and Deloro properties in the Timmins Nickel District. Key findings include: At Mann West, drilling revealed 0.33% nickel over 52 metres within 480 metres of 0.27% nickel, with an initial resource expected in June 2025. The Reid project showed impressive continuity with significant intersections: - 0.27% nickel over 711 metres - 0.45% nickel over 39 metres within 0.37% nickel over 120 metres Deloro property demonstrated shallow mineralization: - 0.38% nickel over 48 metres within 347 metres of 0.26% nickel - Mineralization starting just 2-6 metres below surface The company expects to publish six resources by end of June 2025 and three additional resources through the remainder of 2025, demonstrating the significant potential of the Timmins Nickel District.

Canada Nickel Company (CNIKF) has successfully closed a $20 million Convertible Note with Taykwa Tagamou Nation (TTN), marking the largest direct equity investment by a First Nation in a Canadian critical minerals company. The note has a 5-year term with a 6.15% annual coupon paid quarterly and is convertible into 16.67 million common shares at $1.20 per share, representing a 7.9% equity stake. TTN gains a seat on Canada Nickel's Board of Directors while maintaining the specified ownership threshold. This partnership strengthens their existing collaboration on the Crawford Nickel Sulphide Project and associated infrastructure, including power transmission and electric haul fleet development.

Canada Nickel Company (OTCQX: CNIKF) has secured a US$20 million bridge loan from BT Strategic Mineral Assets LP, facilitated by BT Capital. The loan, maturing on February 9, 2026, carries a 1% monthly interest rate and includes a 2.5% arrangement fee. As part of the deal, the lender received 5 million one-year warrants exercisable at $0.94.

The funds will be used to advance the company's flagship Crawford Nickel Sulphide Project and repay an existing Auramet loan. Additionally, Canada Nickel expects to close a C$20 million convertible note investment with Taykwa Tagamou Nation during the week of May 12th, 2025.

The company has also acquired 32 mining claims totaling 656 hectares in the Timmins area, issuing 70,000 common shares to vendors. Furthermore, it has settled US$750,000 of Auramet debt by issuing 1,050,909 common shares at $0.99 per share.