Core Viewpoint - Canada Nickel Company has announced initial mineral resource estimates for its Midlothian and Bannockburn Nickel Sulphide Projects, showcasing significant potential in the Timmins Nickel District with substantial nickel resources identified [2][4]. Group 1: Mineral Resource Estimates - The Midlothian Nickel Sulphide Project has an Inferred Resource of 595 million tonnes grading 0.28% nickel, equating to approximately 1.68 million tonnes of contained nickel [8][12]. - The Bannockburn Nickel Sulphide Project has an Indicated Resource of 63 million tonnes at 0.28% nickel and an Inferred Resource of 129 million tonnes at 0.27% nickel, totaling 0.34 million tonnes of contained nickel [17][21]. - Overall, the Timmins Nickel District now has 3.98 billion tonnes of Measured and Indicated resources at 0.24% nickel, containing 9.4 million tonnes of nickel, and 4.95 billion tonnes of Inferred resources at 0.23% nickel, containing 11.5 million tonnes of nickel [4][5]. Group 2: Project Details - The Midlothian Project covers approximately 45% of its total target geophysical area and is accessible year-round, with dimensions of 2.5 kilometers long, up to 520 meters wide, and extending to 500 meters deep [7][8]. - The Bannockburn Project covers about 70% of its total target geophysical area, with dimensions of 1.2 kilometers long, up to 330 meters wide, and extending to 500 meters deep [15][17]. - Both projects are part of Canada Nickel's strategy to advance nickel-sulphide projects to meet the growing demand for nickel in electric vehicles and stainless steel markets [31]. Group 3: Future Plans - The company plans to publish the final resource estimate for the Nesbitt project in the first quarter of 2026, indicating ongoing exploration and development efforts [2][4]. - Infill drilling at Bannockburn aims to upgrade Inferred Resources to Indicated Resources in the next drilling campaign, alongside continued mineralogical and metallurgical analysis to improve understanding of metal recoveries [23][24].

Core Viewpoint - The Reid Project demonstrates significant potential for nickel mineralization, with results indicating a substantial resource size and the possibility of multiple projects in the Timmins Nickel District [1][4]. Reid Project Overview - The Reid Project features a large serpentinized ultramafic body with a geophysical footprint approximately 2.5 times larger than Crawford's, primarily composed of dunite and minor peridotite, with multiple intervals of higher-grade nickel mineralization [2]. Drilling Program and Results - A drill program consisting of 28 holes was completed in Q1-Q2 of 2025, aimed at infilling previous drill sections and producing an updated mineral resource by year-end 2025. The updated resource is expected to significantly increase the Inferred resource and upgrade the Indicated and Measured categories [3]. - The initial Reid Resource published on December 23, 2025, reported an Indicated Resource of 0.59 billion tonnes grading 0.24% nickel, containing 1.4 million tonnes of nickel, and an Inferred Resource of 0.99 billion tonnes grading 0.23% nickel, containing 2.2 million tonnes of nickel. An Exploration Target was defined for an additional 0.9-2.1 billion tonnes grading 0.20-0.22% nickel [4]. Drillhole Highlights - The last 20 drillholes intersected long intervals of mineralized dunite and minor peridotite, with specific holes such as REI25-82 and REI25-89 targeting shallow, higher-grade nickel mineralization [5][7]. - Notable assay results include: - REI25-82: 25.4m at 0.28% Ni, including 120.0m at 0.42% Ni [7]. - REI25-89: 33.7m at 0.25% Ni, including 33.7m at 0.31% Ni [7]. Company Background - Canada Nickel Company is focused on advancing nickel-sulphide projects to meet the growing demand for nickel in electric vehicles and stainless steel markets. The company is pursuing the development of processes for net zero carbon nickel, cobalt, and iron products [14].