Canada Nickel Announces Filing of Technical Report for Previously Announced Deloro Project Initial Resource
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Canada Nickel Announces Filing of Technical Report for
Previously Announced Deloro Project Initial Resource
TORONTO, September 04, 2024 - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSX-
V:CNC) (OTCQB:CNIKF) today announced that the Company has filed on SEDAR+ an independent technical
report (the “Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure
for Mineral Projects (“NI 43-101”) supporting the initial mineral resource estimate for its 100% owned
Deloro Nickel Sulphide Project (“Deloro”) near Timmins, Ontario. There are no material differences in the
Report from those results disclosed in the Company’s news release dated July 18, 2024 . The Mineral
Resource Estimate, effective as of July 17, 2024, was prepared following the CIM Definition Standards for
Mineral Resources and Reserves (November 29, 2019).
Mark Selby, CEO of Canada Nickel commented, “Deloro is the first of seven additional resources we expect
to publish between now and mid-2025. Deloro has an advantageous location near both Timmins and the
mining and processing infrastructure at the Dome Mill, and benefits from a relatively low overburden of
an average of just 6 metres. We are very excited about the success of our regional exploration program
and expect to provide a comprehensive update next week.”
The full technical report dated September 3, 2024 , with an effective date of July 17, 2024 is entitled
"National Instrument 43-101 Mineral Resource Estimate and Technical Report on the Deloro Nickel-Cobalt
Sulphide Project.” The Report was prepared for Canada Nickel by Caracle Creek International Consulting
Inc. and can be found under the Company's issuer profile at www.sedarplus.com.
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 100% owned flagship Crawford
Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins -Cochrane mining camp. For more
information, please visit www.canadanickel.com.
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For further information, please contact:
Mark Selby CEO
Phone: 647-256-1954
Email: [email protected]
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 Deloro, 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 pr ove 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.