Canada Nickel Company Reports Reid Resource Estimate

Canada Nickel Company has announced an initial mineral resource estimate for its Reid Nickel Sulphide Project located near Timmins, Ontario, following extensive drilling of over 26,508 metres across 55 drill holes. The estimate reveals an indicated resource of 0.59 billion tonnes grading 0.24% nickel, alongside an inferred resource of 0.99 billion tonnes at 0.23% nickel, with an exploration target of an additional 0.9 to 2.1 billion tonnes grading between 0.20% and 0.22% nickel. This project is reported to be more than twice the size of Canada Nickel's flagship Crawford project. The company is advancing plans to confirm a total of seven new nickel resources by mid-2025, reinforcing its commitment to supplying the electric vehicle and stainless steel markets. Despite a year-over-year stock decline of 19.57%, Canada Nickel has seen a small increase since its 2020 inception. A technical report on the Reid resource estimate is expected within 45 days, with further studies planned through 2025.