Class 1 Nickel Listed ON the OTCQB Under the Symbol Niclf
CLASS 1 NICKEL LISTED ON THE OTCQB UNDER THE SYMBOL NICLF
Toronto, Ontario (December 10, 2020) – Class 1 Nickel and Technologies Ltd. (CSE:NICO;
OTCQB: NICLF) ("Class 1 Nickel" or the "Company") is pleased to announce that the Company
received trading approval from OTC Markets in or der to increase accessibility to US-based retail
and institutional investors and is now trading on the OTCQB Venture Market under the ticker
symbol NICLF. The Company profile can be viewed at
https://www.otcmarkets.com/stock/NICLF/overview.
Benjamin H. Cooper, President and CEO stated: “We are pleased to now be trading on the OTCQB
and look forward to welcoming new shareholders as a result. Class 1 Nickel is in the process of
validating and upgrading the Alexo-Dundonald Nickel-Copper-Cobalt Mineral Resource Estimate
as stated to the market on December 1, 2020 announcement . The Company is also actively
evaluating and interpreting all past project data and all newly generated technical and geophysical
data in order to plan an expansion drilling campaign to upgrade the resource even further.
The Alexo-Dundonald Project has a total Indicated Mineral Resour ce of 1.25 million tonnes with
an average grade of 0.99% Nickel and a total Inferred Mineral Resource of 2.01 million tonnes
with an average grade of 1.01% Nickel. The Timmins Ontario project comprises four foundation
Mineral Resources: Alexo North; Alexo South; Dundonald North; and Dundonald South, situated
within a regionally folded packag e of mafic to ultramafic (basalt and komatiite flows) rocks that
trend through the strategic land package. A large portion of the Property remains untested by
drilling and a recent VTEM airborne survey has unveiled numerous new nickel targets in between
the main resources.
The OTC Venture Market (OTCQB) offers developing Canadian companies the benefits of being
publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing.
Streamlined market standards enable Canadian companies to provide a strong baseline of
transparency to inform and engage U.S. investor s. To be eligible, Canadian companies must be
current in their SEDAR reporting and undergo an annual verification and management certification
process.
As a verified market with efficient access to U.S. investors, the OTCQB helps Canadian companies
build shareholder value with a goal of enhancing liquidity and achieving fair valuation. As a result,
more Canadian companies are traded on OTC Markets than on NYSE, NYSE MKT and NASDAQ
combined. The key benefits of trading on the OTC Markets includes efficient market standards,
transparency, and visibility. Companies may leverage their SEDAR disclosure (SEC Exchange Act
Rule 12g3-2(b)). There are no Sarbanes-Oxley and SEC Reporting requirements to trade on
OTCQB, bypassing burdensome, costly and duplicative NYSE and NASDAQ listing requirements.
OTCQB is recognized by the SEC as an established public market. OTCQB companies provide
current company information and meet financial st andards that enable brokers to more easily
quote and trade a security. Companies engage a far greater network of U.S. investors, data
distributors and media partners, ensuring U.S. investors have access to the same high-quality
information that is available to investors in Ca nada, but through U.S. platforms and portals to
conduct research.
About Class 1 Nickel:
Class 1 Nickel and Technologies Limited (CSE: NICO/ OTCQB: NICLF) is a Mineral
Resource Company focused on the development of its 100% owned Alexo-Dundonald Project, a
portfolio of komatiite hosted ma gmatic nickel-copper-cobalt sulphide Mineral Resources located
near Timmins, Ontario. The Company also holds an option over the Somanike komatiite hosted
nickel copper project in Quebec, which includes the famous Marbridge Mine.
For more information, please contact:
Benjamin Cooper, President
T: 416.454.0166
For additional information please visit our new website at www.class1nickel.com and our
Twitter feed: @ClassNickel.
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or
accepted responsibility for the adequacy or accuracy of this press release.
Cautionary Note Regarding Forward-Looking Statements and Information
This press release contains “forward-looking statements” within the meaning of applicable
Canadian securities legislation. Forward-lookin g statements include, but are not limited to,
statements regarding the impact and implications of the Updated Mineral Resource Estimate and
drill results of the Company, the growth potential and possible economics of the project and the
Company’s understanding of the Alexo-Dundonald Project, the development potential and
timetable of the project; the estimation of Mine ral Resources; realizatio n of Mineral Resource
Estimates’; the anticipated timing of the Prel iminary Economic Assessment; the timing and
amount of estimated future exploration; the anticipate results of the Company’s planned 2021
drill program on the Alexo-Dundonald Project and its possible impact on the potential size of the
Mineral Resource Estimate; costs of future activities; capital and operating expenditures; success
of exploration activities; the anticipated ability of investors to continue benefitting from the
Company’s low discovery costs; technical expertise and support from local communities; and the
anticipated timing of filing the Technical Report . Generally, forward-look ing statements can be
identified by the use of forward-looking termin ology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “schedule”, “estimates”, “forecasts”, “intends”, “continue”,
“anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or
statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will
be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain
assumptions and other important facts that, if untrue, could cause the actual results, performance
or achievements of Class 1 Nickel to be materially different from future results, performances or
achievements expressed or implied by such statements. Such statements and information are
based on numerous assumptions regarding present and future business strategies and the
environment in which Class 1 Nickel will operate in the future. Certain important factors that could
cause actual results, performances or achievements to differ materially from those in the forward-
looking statements include, amongst others, currency fluctuations, the global economic climate,
dilution, share price volatility and competition. Forward-looking statements are subject to known
and unknown risks, uncertainties and other important factors that may cause the actual results,
level of activity, performance or achievements of Class 1 Nickel to be materially different from
those expressed or implied by such forward-looking statements, including but not limited to: the
impact the COVID 19 pandemic may have on th e Company’s activities and the economy in
general; the impact of the recovery post COVID 19 pandemic and its impact on nickel and other
metals; there being no assurance that the ex ploration program will result in expanded Mineral
Resources; risks and uncertainties inherent to Mineral Resour ce Estimates; receipt of necessary
approvals; general business, economic, competitive, political and social uncertainties; future gold
and other metal prices; accidents, labour disputes and shortages; environmental and other risks
of the mining industry, including without limitation, risks and uncertainties discussed in the latest
annual information form of the Company, in th e Technical Report to be filed and in other
continuous disclosure documents of the Company available under the Company’s profile at
www.sedar.com. Although Class 1 Nickel has attemp ted to identify important factors that could
cause actual results to differ materially from those contained in forward-looking statements, there
may be other factors that cause results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those antici pated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements. Class 1 Nickel does not undertake
to update any forward-looking statements, except in accordance with applicable securities laws.