Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) has announced a 1-for-100 share consolidation effective August 19, 2024. This consolidation will reduce the company's outstanding common shares from 508,461,951 to approximately 5,084,617. The consolidation, approved by shareholders on June 25, 2024, aims to adjust the company's share structure. No fractional shares will be issued, with rounding applied for partial shares. Registered shareholders will receive instructions from Computershare Investor Services Inc. for exchanging their share certificates. The company's name and trading symbols will remain unchanged, but new CUSIP and ISIN numbers will be assigned to the post-consolidation shares.
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Nickel Creek Platinum Corp. (TSX: NCP, OTCQB: NCPCF) announced promising results from its 2022 drill program at the Arch Target in Yukon, Canada. Drilling revealed a significant sulphide interval grading 2.57% nickel, 1.61% copper, and 2.35 g/t Total Precious Metals over 3.84 meters, extending the known mineralization from 2021. The program included 18 holes totaling 2,975 meters, with 10 holes on the Arch Target. The results indicate significant near-surface mineralization at depths of 7-170 meters. While the Prefeasibility Study (PFS) for the Wellgreen deposit is due by July 2023, the Arch Target will not be included, but ongoing assessments may outline a maiden inferred resource there. The company noted the potential for additional high-grade mineralization opportunities.
Nickel Creek Platinum Corp. (TSX: NCP) announced significant carbon sequestration results from its Wellgreen deposit, indicating an ability to capture approximately 34.4 kt CO2 per year. Conducted by Dr. Gregory Dipple at UBC's CarbMinLab, this research shows a carbon capture capability of 2.1 kt CO2 per million tonnes of tailings. The discovery highlights the project's potential to reduce Nickel Creek's carbon footprint, particularly appealing to the EV battery market. Further evaluations are planned to assess the mineralogy and spatial distribution for enhanced carbon sequestration.
Nickel Creek Platinum Corp. has successfully completed its 2022 drilling and geophysics program at the Nickel Shäw Project in Canada's Yukon Territory, totaling approximately 3,300 meters. This program included 2,000 meters of drilling for the Prefeasibility Study at the Wellgreen deposit, aiming to convert inferred resources to indicated resources and gather critical data. An additional 1,300 meters of drilling was conducted at the Arch exploration target. Assay results are expected in Q1 2023, with the Company focused on enhancing shareholder value through strategic opportunities.