Canada Nickel Announces Significant Awaruite at Midlothian Property

Core Insights - Canada Nickel Company has announced significant mineralogical and metallurgical results from its Midlothian Project, confirming the presence of recoverable awaruite with grades comparable to leading deposits [1] - The average brucite content at Midlothian is 5.6%, which is more than 2.5 times higher than that of the Crawford deposit, indicating strong carbon storage potential [1] - The initial resource estimate for Midlothian published in December 2025 indicates 590 million tonnes Inferred at 0.28% nickel, with 79% of the total nickel contained in awaruite [1] Group 1: Mineralogical Results - The mineralogical analysis confirmed significant awaruite presence with DTR grades of 0.15%, 0.14%, and 0.12% nickel on composite samples, which is comparable to other awaruite deposits [1] - Nickel mineralization at Midlothian is primarily in the form of awaruite, a nickel-iron alloy, accounting for up to 79% of the total nickel content [1] - The average nickel grade across the samples is 0.28%, which is the highest in the company's portfolio and over 30% higher than other leading awaruite deposits [1] Group 2: Davis Tube Recovery Tests - Metallurgical testing conducted on four composite samples showed DTR grades ranging from 0.07% to 0.15% nickel and 2.6% to 3.6% iron [2] - The potential exists to increase DTR grades through finer grinding, as the primary grind size of ~190 µm was coarser than reported by others [2] - The results indicate that nickel has been liberated from olivine minerals through the serpentinization process, demonstrating the high nickel tenor of heazlewoodite and awaruite minerals [2] Group 3: Project Location and Infrastructure - The Midlothian Project is located 64 kilometers southwest of Timmins and 20 kilometers west of Matachewan, Ontario, with a geophysical footprint of 1.7 km² [1] - The project consists mainly of a highly serpentinized dunite core with minor peridotite, which is conducive to nickel mineralization [1] - The company plans to assay all existing and future drill holes to calculate a DTR nickel resource grade in addition to the total recoverable nickel resource [1]