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Canada Nickel Company Inc. reports development updates for nickel-sulphide projects in Ontario’s Timmins mining district. Coverage centers on the 100% owned Crawford Nickel-Cobalt Sulphide Project, permitting and grid-connection work, project financing, and technical disclosures for properties such as Reid and Midlothian.
The company’s news also covers NI 43-101 mineral resource reports, awaruite and metallurgical results, carbon-sequestration studies, and its NetZero Nickel, NetZero Cobalt and NetZero Iron process-development initiatives for nickel, cobalt and iron products.
Canada Nickel (OTCQX: CNIKF) closed a US$32 million bridge loan facility with Auramet International on Feb 10, 2026 to fund advancement of the Crawford Nickel Sulphide Project and to repay an existing loan with BT Strategic Minerals Assets LP.
The facility is due May 9, 2026, carries an interest rate of 1.00% per month, is subject to a 2.5% arrangement fee, and included issuance of 1,750,000 one-year warrants at an exercise price of $2.03 with a four-month hold period.
Canada Nickel (OTCQX: CNIKF) entered a US$32 million bridge loan facility with Auramet International expected to close by February 9, 2026. Proceeds will fund the Crawford Nickel Sulphide Project and repay an existing loan with Ber Tov Capital. The loan matures May 9, 2026, bears 1.00% monthly interest and a 2.5% arrangement fee, and includes 1,750,000 one-year warrants exercisable at a 5% premium to the five-day VWAP prior to closing. Closing is subject to customary conditions and TSX Venture Exchange approval.
Canada Nickel (OTCQB: CNIKF) filed independent NI 43-101 technical reports for its 100% owned Midlothian and Bannockburn nickel sulphide projects near Timmins, Ontario. The reports, effective December 15, 2025 and issued February 2, 2026, support the previously announced initial mineral resource estimates and show no material differences from the December 18, 2025 disclosure.
The Reports were prepared by Caracle Creek International Consulting and are available on SEDAR+. The Company also issued 27,400 common shares under an amended Midlothian option agreement to defer and satisfy a final $200,000 cash option payment.
Canada Nickel (OTCQB: CNIKF) awarded Ausenco a contract to begin detailed engineering for the Process Plant and supporting infrastructure at the Crawford Nickel Sulphide Project and to provide overall project support.
The company said it is targeting commencement of construction at Crawford by year-end and noted Ausenco has supported prior studies including the 2020 PEA, 2023 Feasibility Study, and 2025 FEED.
Canada Nickel (RCL) filed an independent NI 43-101 technical report supporting the initial mineral resource estimate for its 100% owned Deloro Nickel Sulphide Project near Timmins, Ontario.
The report, dated September 3, 2024 with an effective date of July 17, 2024, was prepared by Caracle Creek International Consulting and posted on SEDAR+. The company said there are no material differences from results disclosed on July 18, 2024. Management noted Deloro's proximity to Timmins and Dome Mill infrastructure and an average overburden of 6 metres. The qualified person, Stephen J. Balch P.Geo., reviewed and approved the technical information.
Canada Nickel (OTCQB: CNIKF) announced the Province of Ontario has named the Crawford Nickel Project as the second project in the new One Project, One Process (1P1P) framework on January 13, 2026. The designation aims to streamline permitting and coordination across ministries and follows Crawford's November 2024 Impact Statement and November 2025 referral to the federal Major Projects Office. Independent analysis cited estimates of >$70 billion GDP over a 40+ year mine life, ~4,000 total jobs, and ~1.5 million tonnes CO₂ storage per year.
Canada Nickel (OTCQB: CNIKF) announced an updated Reid Mineral Resource Estimate on Jan 12, 2026, increasing Measured & Indicated contained nickel by 46% to 2.1 million tonnes (0.87 billion tonnes @ 0.23% Ni) and Inferred contained nickel by 47% to 3.2 million tonnes (1.45 billion tonnes @ 0.22% Ni). A higher‑grade domain totals 0.77 billion tonnes @ 0.25% Ni (Indicated) and 0.98 billion tonnes @ 0.24% Ni (Inferred). The deposit has an average strip ratio of 1.19:1, average overburden of 25.8 m, and remains open along multiple directions. An Exploration Target of 0.5–1.4 billion tonnes @ 0.21–0.22% Ni is reported as conceptual pending further drilling.
Canada Nickel (TSXV: CNC / OTCQB: CNIKF) granted equity and deferred awards for fiscal 2025 performance on Dec 30, 2025. Total grants: 1,900,000 stock options (exercise price $1.16, five-year term, vesting in three equal annual tranches), 1,900,000 RSUs (settled in common shares, vesting in three equal annual tranches), 1,900,000 cash-settled performance RSUs (vesting in full on board approval to commence construction of the Crawford Project or potentially vesting in thirds after one year subject to market parameters), and 750,000 DSUs (vesting/settlement under the DSU Plan approved May 28, 2025).
Grants are to certain directors, officers and/or employees and tie a portion of pay to construction and market-based performance triggers.
Canada Nickel (OTCQB: CNIKF) reported initial Mineral Resource Estimates for Midlothian and Bannockburn dated December 15, 2025. Midlothian: 595.3 Mt Inferred @ 0.28% Ni (1.68 Mt contained Ni) and an Exploration Target 434–980 Mt @ 0.25–0.27% Ni. Bannockburn: 63.2 Mt Indicated @ 0.28% Ni (0.18 Mt Ni) and 129 Mt Inferred @ 0.27% Ni (0.34 Mt Ni).
The Timmins Nickel District totals 3.98 Bt M&I @ 0.24% Ni (9.42 Mt Ni) and 4.95 Bt Inferred @ 0.23% Ni (11.48 Mt Ni). Technical reports will be filed on SEDAR+ within 45 days.
Canada Nickel (TSXV: CNC) announced its flagship Crawford Project was referred to the Government of Canada's Major Projects Office following an announcement on November 13, 2025.
The company said referral aims to accelerate permitting and financing to target construction by end of 2026. Crawford is north of Timmins with direct access to power, road and rail, co-developed with First Nations partners, and advances one of the world's largest nickel reserves while producing nickel, cobalt and North America's only domestic chromium source.
An independent economic assessment estimates $70 billion GDP over the life of the mine and roughly 185,000 person-years of employment, including about 1,000 full-time and 3,000 indirect roles.