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].