Nickel North Extends Outside Date of Option Agreement with 1844 to Sell up to 100% Interest in Hawk Ridge
Nickel North Extends Outside Date of Option
Agreement with 1844 to Sell up to 100%
Interest in Hawk Ridge
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2024) - Nickel North Exploration Corp.
(TSXV: NNX) ("
Nickel North
" or the "
Company
") wishes to provide an update on the previously
announced option agreement (the "
Option Agreement
") with 1844 Resources Inc. ("
1844
"), pursuant to
which the Company has agreed to sell a 100% undivided interest (the "
Transaction
") in the Hawk
Ridge nickel-copper project comprised of 411 mineral claims covering 179 km
2
in the Ungava Bay on
the east coast of Quebec (the "
Hawk Ridge Project
").
The Company and 1844 have agreed to extend the outside date of the amended and restated option
agreement (the "
Amended and Restated Option Agreement
"), previously announced on December
1, 2023. The effective date of the Amended and Restated Option Agreement, being two business days
following the acceptance of the TSX Venture Exchange ("
TSX-V
") of the transactions contemplated by
the Amended and Restated Option Agreement (the "
Exchange Acceptance
"), must now occur on or
before February 29, 2024 instead of January 31, 2024, unless otherwise agreed to in writing by the
Company and 1844. The Company continues to work diligently to satisfy the conditions necessary for the
Exchange Acceptance.
For more details regarding the Option Agreement and Hawk Ridge Property, see the Company's news
releases dated March 6, April 6, and August 16, 2023, September 25, 2023 and December 13, 2023.
Copies of the Company's news releases are available under the Company's SEDAR profile at
www.sedar.com
.
Neither the Exchange nor its Regulations Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press
release.
Qualified Person
Any technical information in this news release and previous news releases dated March 6, April 6, and
August 16, 2023, September 25, 2023 and December 13, 2023 has been reviewed and approved by
Tony Guo, P.Geo., Nickel North Exploration Corp's President and CEO, who is a Qualified Person as
defined by National Instrument 43-101.
About Nickel North Exploration
Nickel North Exploration is a Canada-based exploration company focused on defining a Cu-Ni-Co-PGE
mineral resource at its Hawk Ridge Project in Northern Quebec. The board of directors, advisor
committee and management team are experienced, successful mine finders. The property consists of a
50 km long belt of strong magmatic Cu-Ni-Co-PGE occurrences covering 179.67 km2. Quebec is a
mining-friendly jurisdiction. Nickel North Exploration is a conscientious corporate citizen maintains good
relations with local Inuit communities and is committed to sustainable development. For more
information on the company, please visit
www.nnexploration.com
or follow Company on Twitter at
https://twitter.com/nickelnorth
.
Nickel North Exploration Corp. has been identified as a key player in
the Critical and Strategic
Minerals value chain by Quebec's Ministry of Economics and Innovation
(MEI) in 2021 (Quebec
Plan for the Development of Critical and Strategic Minerals 2020-2025 (quebec.ca), which is part of
Quebec's Plan for the Development of Critical and Strategic Metals (QPDCSM) and aims to stimulate
the exploration and mining of SCMs, their transformation and recycling.
Per:
"Tony Guo"
Tony Guo
Nickel North Exploration Inc.
Tony Guo. P. Geo, Chief Executive Officer (Tel: +1-778-877-5480)
E-mail:
North America IR / PR Jemini
Capital
Jorge Galindo j
Tel: +1 (647) 725-3888 x703
For further information please visit
http://www.nnexploration.com
This news release may contain forward-looking information, which is not comprised of historical facts.
Forward-Looking information involves risks, uncertainties and other factors that could cause actual
events, results, performance, prospects and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forward-Looking information in this news release may
include, but is not limited to, the Company's objectives, goals or future plans. Factors that could cause
actual results to differ materially from such forward-looking information include, but are not limited to,
those risks set out in the Company's public documents filed on SEDAR. Although the Company believes
that the assumptions and factors used in preparing the forward-looking information in this news release
are reasonable, undue reliance should not be placed on such information, which only applies as of the
date of this news release, and no assurance can be given that such events will occur in the disclosed
time frames, or at all. 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, other than as
required by law. Neither TSX Venture exchange nor its Regulations 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.
The securities being offered have not been, nor will they be registered under the United States
Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state
registration or an applicable exemption from the U.S. registration requirements. This release does not
constitute an offer for sale of securities in the United States.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/196481