Canada Nickel Announces Share-Based Compensation Grant
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Canada Nickel Announces Share-Based Compensation Grant
TORONTO, July 22, 2025 - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSX-V:CNC) (OTCQB:
CNIKF) today announced that it has granted to certain officers and/or employees a total of: (i) 2,165,000 stock
options to acquire common shares of the Company (the "Options"), (ii) 835,000 restricted share units to be settled
in common shares of the Company (the "RSUs"); and (iii) 3,495,000 restricted share units with performance-based
vesting conditions to be settled in cash only (the "cash-settled RSUs").
The Options have an exercise price of $0.86 per common share, a five-year term from the date of grant and vest
annually in equal thirds beginning on the first anniversary of the date of grant. The RSUs vest annually in equal
thirds beginning on the first anniversary of the date of grant. The cash-settled RSUs will vest in their entirety upon
the board of directors' approval to commence construction of the Crawford Project. If a construction decision on
the Crawford Project is not made within one year from date of grant, the cash-settled RSUs may vest annually in
equal thirds beginning on the first anniversary of the date of grant depending on certain market parameters
established by the board.
The Company has adopted a new deferred share unit plan (the "DSU Plan"), which was approved by shareholders
at the Company's annual and special meeting of shareholders held on May 28, 2025. The maximum aggregate
number of common shares issuable pursuant to the DSU Plan when combined with all common shares reserved
for issuance under all other security-based compensation arrangements of the Company, shall not exceed 10% of
the total number of common shares outstanding from time to time. Effective May 9, 2025, the Company granted
to certain directors a total of 425,000 cash-settled deferred share units, which vest and settle in accordance with
the terms of the DSU Plan.
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-
Nickel District. 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, a decision
to proceed with construction of the Crawford Project 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 capital on acceptable terms or at all, 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, and 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.