Canada Nickel Announces Filing of NI 43-101 Technical Report for Previously Announced Texmont Initial Resource
Rhea-AI Summary
Canada Nickel (OTCQB:CNIKF) has filed a NI 43-101 technical report on SEDAR+ for its Texmont Nickel Sulphide Project, located 36 kilometers south of Timmins, Ontario. The report supports the previously announced initial mineral resource estimate for the project, with an effective date of April 10, 2025.
CEO Mark Selby highlighted that this represents the sixth of nine planned resource publications, with the remaining three resources expected to be published by the end of 2025. The technical report was prepared by Caracle Creek International Consulting Inc. and demonstrates the company's continued efforts to establish the potential of the Timmins Nickel District.
Positive
- Company has completed 6 of 9 planned resource publications
- Project is wholly owned by Canada Nickel through its subsidiary
- Three additional resources expected by end of 2025
Negative
- None.
News Market Reaction
On the day this news was published, CNIKF gained 3.68%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Texmont Project, located about 36 kilometres south of
Mark Selby, CEO of Canada Nickel said, "We have now published six of nine resources. Three additional resources are expected to be published by end of 2025 as we continue to demonstrate the potential of the Timmins Nickel District."
The Report, dated August 21, 2025, with an effective date of April 10, 2025, is titled, "National Instrument 43-101 Mineral Resource Estimates and Technical Report on the Texmont Ni-Co-Pd-Pt Deposit, Texmont Nickel Sulphide Project, Timmins Nickel District,
Qualified Person
Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a "Qualified Person" as defined in NI 43-101, has reviewed and approved the scientific and technical information in this news release.
About Canada Nickel Company
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. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary Note and Statement Concerning Forward Looking Statements
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 Texmont, 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, strategic plans, including future exploration and development plans and results, and corporate and technical objectives. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Canada Nickel Company Inc.
FAQ
What is the significance of Canada Nickel's (CNIKF) NI 43-101 technical report filing for Texmont?
Where is Canada Nickel's (CNIKF) Texmont Project located?
How many resource publications has Canada Nickel (CNIKF) completed in the Timmins Nickel District?
When was the Texmont Project mineral resource estimate effective date?
Who prepared the technical report for Canada Nickel's (CNIKF) Texmont Project?
