transition.inc Files Technical Report for Aurora Nickel Project Updated Mineral Resource Estimate
transition.inc Files Technical Report for Aurora Nickel Project
Updated Mineral Resource Estimate
TORONTO, ON / ACCESS Newswire / April 14, 2025 / Clean Energy Transition Inc.
(TSXV:TRAN) ("transition.inc" or the "Company") announces that it has filed on SEDAR+ an
independent Technical Report prepared in accordance with National Instrument 43-101 -
Standards of Disclosure for Mineral Projects ("NI 43-101") in support of the updated Mineral
Resource Estimate ("MRE") for the Aurora Nickel Project, located 25 kilometres southeast of
Timmins, Ontario.
The Aurora Nickel Project is held by Clean Metals Inc., a wholly owned subsidiary of
transition.inc. The mining lease is registered to Clean Metals Inc. in the Ontario Ministry's
Mining Lands Administration System (MLAS), and this ownership structure has been previously
disclosed in the Company's financial filings.
As previously reported on March 6, 2025, the updated MRE outlines an Indicated Mineral
Resource of 10.06 million tonnes grading 0.42% nickel across the Aurora North and Aurora
South deposits. The Aurora North deposit, amenable to open pit mining, contains 8.32 Mt at
0.40% Ni, while the Aurora South deposit, anticipated to be mined using underground methods,
contains 1.73 Mt at 0.51% Ni.
"We are pleased to formally file this Technical Report, which supports the strong results of the
updated MRE," said Sean Samson, President and CEO. "Aurora remains an attractive low-
carbon nickel opportunity, especially given its location, infrastructure advantages and scale. We
believe high-quality, near-surface nickel projects in mining-friendly jurisdictions like Timmins
will continue to be essential as the energy transition advances."
The Technical Report is dated April 14, 2025, with an effective date of March 3, 2025, and was
prepared by Micon International Limited ("Micon").
The Technical Report is available under the Company's issuer profile on SEDAR+
at www.sedarplus.ca and on the Company's website at www.transition.inc.
For context Clean Energy notes the equivalent number of Electric Vehicles in the MRE's
Contained Nickel as follows:
It is estimated that the average electric vehicle battery requires ~145 pounds of nickel
(Bloomberg New Energy Finance ("BNEF") estimate, for a 100kWh battery*) and based on this,
the Contained Nickel in the Aurora Nickel Project's MRE, this represents the equivalent nickel
which would be used in more than 705K electric vehicles. For context, this is more than 5x the
total 2023 new Battery EV registrations in Canada**.
* Company estimates, based on BNEF calculations https://tinyurl.com/3xswdn8k.
** Company estimates, based on 139,501 Battery EVs registered in Canada
(StatsCan) https://tinyurl.com/3z8penz7.
About Clean Energy Transition Inc.
Transition.inc is focused on opportunities to generate positive cash flow across the energy
transition. The Company includes a Quartz division focused on advancing its silica/Quartz
business with the Snow White Project in Ontario and the Silicon Ridge Project in Québec. The
silica in high-quality Quartz can be used to make silicon metal, a key component in solar energy
panels. The Company also has a Critical Minerals division, which includes the Aurora Nickel
Project in Ontario, where it is working to advance a potential low-carbon production opportunity
to supply the growing North American demand for low-carbon nickel. Alongside the mining
assets, transition.inc is also looking for additional opportunities, more broadly, from across the
energy transition.
Qualified Persons
The Qualified Persons (QPs) for the MRE in this News Release as defined by NI 43-101, are Mr.
Charley Murahwi, M.Sc., P.Geo., Pr. Sci. Nat., FAusIMM and Ms. Chitrali Sarkar, MSc. P.Geo.,
respectively Senior Economic Geologist and Senior Geologist at Micon. Both QPs have
reviewed and approved the technical information in this press release, related to the Aurora
Nickel Project updated Resource. There are no known factors that could materially affect the
reliability of the MRE information verified by Mr. Murahwi and Ms. Chitrali.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking information. Such forward-looking statements or
information are provided for the purpose of providing information about management's current
expectations and plans relating to the future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. Any such forward-looking information
may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects",
"intends", "plans", "may", "will", and similar expressions. Forward-looking statements or
information are based on a number of factors and assumptions which have been used to develop
such statements and information, but which may prove to be incorrect. Although the Company
believes that the expectations reflected in such forward-looking statements or information are
reasonable, undue reliance should not be placed on forward-looking statements because the
Company can give no assurance that such expectations will prove to be correct.
Factors that could cause actual results to differ materially from those described in such forward-
looking information include, but are not limited to, changes in business plans and strategies,
market conditions, share price, best use of available cash, the ability of the Company to raise
sufficient capital to fund its obligations under various contractual arrangements, to maintain its
mineral tenures and concessions in good standing, and to explore and develop its projects and for
general working capital purposes, changes in economic conditions or financial markets, the
inherent hazards associated with mineral exploration, future prices of metals and other
commodities, environmental challenges and risks, the Company's ability to obtain the necessary
permits and consents required to explore, drill and develop its projects and if obtained, to obtain
such permits and consents in a timely fashion relative to the Company's plans and business
objectives, changes in environmental and other laws or regulations that could have an impact on
the Company's operations, compliance with such laws and regulations, the Company's ability to
obtain required shareholder or regulatory approvals, dependence on key management personnel,
natural disasters and global pandemics and general competition in the mining industry.
These risks, as well as others, could cause actual results and events to vary significantly. The
forward-looking information in this press release reflects the current expectations, assumptions
and/or beliefs of transition.inc based on information currently available to the Company. Any
forward-looking information speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new information, future events or
results or expressly qualified by this cautionary statement.
Contact Information
For further information, visit www.transition.inc
Or contact: Sean Samson, President, CEO, and Director at:
Clean Energy Transition Inc.
200 - 150 King St. W.
Toronto, ON M5H 1J9
Neither the 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 of this
release.
SOURCE: Clean Energy Transition Inc.