North American Nickel Board Appoints Interim Chairman and Interim Lead Director
North American Nickel Board Appoints Interim Chairman
and Interim Lead Director
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2020) -
North American Nickel Inc. (TSXV: NAN) (OTCQB:
WSCRF) (CUSIP: 65704T 108)
(the "
Company
" or "
NAN
") announces that its board of directors (the "Board") has appointed
Board members Mr. Charles Riopel as Interim Non-Executive Chairman and Mr. Douglas Ford as Interim Lead Independent
Director effective immediately.
Mr. Riopel is an accomplished senior-level investment executive with over 25 years domestic and international mining and PE
experience.
He is the founder and managing partner at Latitude 45, a private equity fund specialized in mining and brings
significant leadership experience to his role as Interim Chairman. Mr. Ford has been an independent director with the Company
since its inception in 2010. He has worked in the public markets since 1987, serving as CFO and as director to a number of
junior companies, managing financial reporting, corporate finance and compliance activities. Mr. Riopel and Mr. Ford will lead
our efforts to drive long-term growth and shareholder value as the Company continues to advance and evaluate existing and new
nickel, copper, cobalt assets.
About North American Nickel
North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland and Ontario,
Canada.
The Maniitsoq property in Greenland is a Camp scale permitted exploration project comprising 3,048 square km covering
numerous high-grade nickel-copper + cobalt sulphide occurrences associated with norite and other mafic-ultramafic intrusions of
the Greenland Norite Belt (GNB). The >75km-long belt is situated along, and near, the southwest coast of Greenland and is
accessible from the existing Seqi deep water port with an all year-round shipping season and hydroelectric power potential from
a quantified watershed.
The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing Podolsky copper-nickel-
precious metal sulphide deposit of KGHM International Ltd. The property lies along the extension of the Whistle Offset dyke
structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.
The Company acquired 100% ownership of property near the southern extent of the Lingman Lake Greenstone Belt in northwest
Ontario known as Lingman Nickel and in the Quetico region near Thunder Bay Ontario. The acquisition of these properties is
part of the company's strategy to develop a pipeline of new nickel projects. The Company is evaluating direct and indirect nickel
asset acquisition opportunities globally.
ON BEHALF OF THE BOARD OF DIRECTORS
Keith Morrison
Chief Executive Officer
North American Nickel Inc.
For more information contact:
North American Nickel Inc.
Jaclyn Ruptash
Corporate Communications
+1 (604) 770-4334
Toll free: 1-866-816-0118
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
: This news release includes certain
"forward-looking statements" and "forward-looking information" under applicable Canadian securities legislation concerning the
business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking
information includes, but is not limited to, statements about the ability of the Company to access capital to satisfy the fees and
expenditures under the earn-in agreement, the ability of the Company to complete the expenditures under the earn-in agreement,
spending commitments, the success of exploration activities, the future economics of minerals including nickel and copper, the
benefits of the development potential of the properties of the Company, the benefits of drilling and advancement of projects,
engagement and dialogue with First Nations groups and formalizing the scope of work. Forward-looking information is
necessarily based upon a number of estimates and 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, including the risks identified in the Company's disclosure
documents available at www.sedar.com. 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. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as
a result of new information, future events or otherwise, except as required by law.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be other factors that cause actions, events or results
not to be anticipated, estimated or intended. Statements concerning mineral reserve and resource estimates may also be
deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be
encountered if the property is developed.
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https://www.newsfilecorp.com/release/58421