SPC Nickel Amends Cooperation Agreement with Vale Canada Limited, Extending Term of the Agreement on West Graham Project
SPC Nickel Amends Cooperation Agreement
with Vale Canada Limited, Extending Term of
the Agreement on West Graham Project
SUDBURY, ON
,
April 1, 2026
/CNW/ -
SPC Nickel Corp.
(TSXV: SPC)
("SPC Nickel" or the
"Company")
is pleased to announce that it has completed an amendment to the Cooperation
Agreement dated January 19, 2023 with Vale Canada Limited
("Vale")
regarding the West Graham
Project
("West Graham" or the "Project")
located in the world-class Sudbury Basin which extends
the Feasibility Study deadline by one year to June 30, 2027.
Grant Mourre, CEO and Director, SPC Nickel stated,
"Having delivered a Maiden Mineral
Resource Estimate within just twelve months of commencing work, completed a positive pre-
feasibility level metallurgical study, and drilled over 16,700 metres, West Graham is now
established as a well-defined, scalable nickel-copper resource in one of the world's leading mining
jurisdictions. This amended Cooperation Agreement provides the meaningful runway we need to
advance methodically toward a Feasibility Study - the logical next step for a deposit of this scale
and quality in the Sudbury Basin. We remain focused on advancing the Project in a disciplined and
systematic manner as we build on the impressive progress made to this point."
SPC Nickel Accomplishments to Date
Publication of a National Instrument 43-101 compliant Technical Report disclosing the Maiden
Mineral Resource for West Graham containing
19.3 Mt grading 0.42% Ni and 0.28% Cu
of
Indicated resources and
3.3 Mt grading 0.37% Ni and 0.28% Cu
of Inferred resources (refer
to SPC Nickel Corp. December 4, 2023,
Technical Report
).
Total drilling of 16,726 metres in 103 holes to the end of 2025.
Completion of a pre-feasibility level Metallurgical Study.
Details of Amended Cooperation Agreement
The amendment, effective March 27, 2026, extends the Feasibility Study deadline under the
Cooperation Agreement dated January 19, 2023 by one year, from June 30, 2026 to June 30, 2027.
The corresponding extension option - available to SPC Nickel upon delivery of a National Instrument
43-101 compliant mineral resource statement and a pre-feasibility study - has similarly been
extended from June 30, 2028 to June 30, 2029. All other terms of the Cooperation Agreement
remain unchanged. The Company plans to continue to evaluate the economic viability towards a
production decision in the future.
Quality Assurance, Quality Control and Qualified Persons
Technical elements of this news release have been approved by Mr. Grant Mourre, P.Geo. (PGO),
CEO and President of SPC Nickel Corp. and a Qualified Person under National Instrument 43-101.
About SPC Nickel Corp.
SPC Nickel is a Canadian public corporation focused on exploring for high-grade polymetallic Cu-Ni-
PGM mineralization in Nunavut and within the world-class Sudbury Mining Camp. SPC Nickel is
currently exploring its unique district-scale polymetallic Muskox Project in Nunavut. The Company is
also advancing its 100%-owned exploration project Lockerby East located in the heart of the historic
Sudbury Mining Camp, which includes the West Graham Resource and the LKE Resource. SPC
Nickel is committed to advancing high-potential polymetallic projects in Tier-1 jurisdictions across
Canada with an emphasis on Nunavut and Sudbury.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this news release
constitutes "forward-looking information" within the meaning of Canadian securities law. Such
forward-looking information may be identified by words such as "plans", "proposes", "estimates",
"intends", "expects", "believes", "may", "will" and include without limitation, statements regarding
estimated capital and operating costs, expected production timeline, benefits of updated
development plans, foreign exchange assumptions and regulatory approvals. There can be no
assurance that such statements will prove to be accurate; actual results and future events could
differ materially from such statements. Factors that could cause actual results to differ materially
include, among others, metal prices, competition, risks inherent in the mining industry, and
regulatory risks. Most of these factors are outside the control of SPC Nickel. Investors are
cautioned not to put undue reliance on forward-looking information. Except as otherwise required
by applicable securities statutes or regulation, SPC Nickel expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result of new information,
future events or otherwise.
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.
SOURCE SPC Nickel Corp.
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For further information:
Further information is available at www.spcnickel.com and/or by
contacting: Grant Mourre, P.Geo., Chief Executive Officer, SPC Nickel Corp., Tel: (705) 669-1777,
Email: [email protected]
CO: SPC Nickel Corp.
CNW 07:00e 01-APR-26