TORONTO, July 29, 2025 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQB: CNIKF) today announced that the Company has filed on SEDAR+ an independent technical report (the "Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the initial mineral resource estimate for its Mann Nickel Sulphide Project (the "Mann Project") which consists of the Mann West and Mann Central Properties an ...

Core Viewpoint - First Quantum Minerals Ltd. reported a net earnings of $18 million for Q2 2025, with significant operational milestones achieved, including the approval of the Preservation and Safe Management plan at Cobre Panamá and progress on the Kansanshi S3 Expansion project, while also initiating gold hedges to enhance financial flexibility [1][2][3]. Financial Highlights - The company reported gross profit of $351 million and EBITDA of $400 million for Q2 2025, with net earnings attributable to shareholders at $0.02 per share, reflecting stronger results compared to Q1 2025 due to higher gold sales volumes and realized metal prices [3][19]. - Cash flows from operating activities reached $780 million, significantly higher than Q1 2025, driven by a $500 million copper prepayment and copper concentrate sales [19]. - Net debt decreased by $334 million to $5,453 million, attributed to the prepayment agreement and EBITDA contributions [19]. Operational Highlights - Total copper production for Q2 2025 was 91,069 tonnes, a 9% decrease from Q1 2025, primarily due to lower production at Kansanshi [5][32]. - Copper C1 cash cost increased to $2.00 per lb, reflecting lower production volumes [5][32]. - Gold production was strong at 37,419 ounces, with significant contributions from upgrades to gravity concentrators [32]. Cobre Panamá Update - The government of Panama approved the Preservation and Safe Management plan, allowing for the export of copper concentrate and the restart of the power plant [6][8]. - P&SM costs averaged approximately $15 million per month, expected to rise to $17 million to $18 million with the power plant's restart in Q4 2025 [9]. Kansanshi S3 Expansion Update - The S3 Expansion project is in the final stages of commissioning, on budget and on schedule for first production in the second half of 2025 [11][12]. - The project achieved 91% construction completion, with operational readiness at 93% [13]. Near-Surface Gold Zone Exploration - The company is evaluating new near-surface gold zone occurrences at Kansanshi, with promising preliminary results leading to accelerated test work and the initiation of a pilot plant [14][15][16]. Hedging Program - The company entered into derivative contracts for copper and gold to protect against price fluctuations, with significant portions of planned production hedged [20][21][22].

Core Insights - First Atlantic Nickel Corp. has announced the successful completion of its Phase 1 drilling program at the RPM Zone, revealing a significant near-surface mineralized zone of awaruite nickel measuring approximately 400 meters by 500 meters [1][5][10] - The company is now advancing into Phase 2 drilling, which is fully funded and aims to expand the known mineralization footprint and assess the potential for a large-scale resource [1][12][13] Company Overview - First Atlantic Nickel Corp. is a Canadian mineral exploration company focused on developing the Atlantic Nickel Project, which is 100% owned and strategically located in Newfoundland, Canada [30][31] - The project features awaruite, a natural nickel-iron alloy that allows for smelter-free processing, enhancing North America's critical minerals supply chain [30][31] Phase 1 Drilling Results - The Phase 1 drilling program consisted of four diamond drill holes totaling 1,363 meters, all of which intersected broad, continuous zones of mineralization [5][6][10] - Metallurgical testing yielded an average magnetically recoverable nickel grade (DTR Ni%) of 0.13%, with an average magnetic nickel concentrate of 1.41% Ni and a mass pull of 9.1%, indicating a total nickel recovery of 54% based on an initial total nickel grade of 0.24% [1][5][8] Phase 2 Drilling Plans - The Phase 2 drilling program is designed to systematically expand the mineralization footprint, targeting areas to the north, east, and west of the RPM Zone [12][13] - Initial results from the first hole of Phase 2 (AN-25-06) have confirmed the presence of large grain visible awaruite, extending the mineralization eastward [12][13] Awaruite Nickel Significance - Awaruite is noted for its environmentally friendly processing capabilities, as it can be concentrated through magnetic separation without the need for high-temperature smelting or acid leaching [2][19][22] - The U.S. Inflation Reduction Act mandates that eligible clean vehicles must not contain critical minerals processed by foreign entities of concern, positioning awaruite as a strategic resource for North American electric vehicle manufacturers [19][22] Market Context - The development of awaruite resources is crucial given China's dominance in the global nickel market, controlling a significant portion of nickel refining and smelting [22] - Awaruite's unique properties could help reduce North America's dependence on foreign processing, thereby enhancing the security and reliability of the domestic nickel supply chain [22][30]

Core Insights - First Atlantic Nickel Corp. has announced the successful completion of its Phase 1 drilling program at the RPM Zone, revealing a significant near-surface mineralized zone of awaruite nickel measuring approximately 400m x 500m, with all drill holes intersecting broad, continuous zones of mineralization [1][5][10] - The company is now advancing into Phase 2 drilling, which is fully funded and aims to expand the known mineralization footprint and assess the potential for a large-scale resource [1][11][12] Company Overview - First Atlantic Nickel Corp. is a Canadian mineral exploration company focused on developing the 100%-owned Atlantic Nickel Project, which is strategically located in Newfoundland, Canada [29][30] - The project features awaruite, a natural nickel-iron alloy that contains approximately 75% nickel and can be processed without the need for smelting, thus enhancing the resilience of North America's critical minerals supply chain [29][30] Phase 1 Drilling Results - The Phase 1 drilling program consisted of four diamond drill holes totaling 1,363 meters, successfully delineating a substantial zone of disseminated awaruite nickel mineralization [6][10] - Metallurgical testing via the Davis Tube Recovery method yielded an average magnetically recoverable nickel grade of 0.13%, with an average magnetic nickel concentrate of 1.41% Ni and an average mass pull of 9.1%, indicating a total nickel recovery of 54% based on an initial total nickel grade of 0.24% [1][5][8] Phase 2 Drilling Plans - The Phase 2 drilling program is designed to systematically expand the known footprint of the RPM Zone, targeting areas to the north, east, and west, as well as testing greater depths for potential bulk-tonnage resources [11][12] - Initial results from the first hole of the Phase 2 program (AN-25-06) have already confirmed the presence of large grain visible awaruite, extending the mineralization eastward [11][12] Awaruite Nickel Significance - Awaruite's unique properties allow for cleaner processing compared to conventional nickel sources, which often involve environmentally harmful methods [18][19] - The U.S. Inflation Reduction Act mandates that eligible clean vehicles must not contain critical minerals processed by foreign entities of concern, positioning awaruite as a strategic resource for North American electric vehicle manufacturers [18][19][30]

TORONTO, July 22, 2025 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQB: CNIKF) today announced that it has granted to certain officers and/or employees a total of: (i) 2,165,000 stock options to acquire common shares of the Company (the "Options"), (ii) 835,000 restricted share units to be settled in common shares of the Company (the "RSUs"); and (iii) 3,495,000 restricted share units with performance-based vesting conditions to be settled in cash only (the "c ...

Summary of Lifezone Metals (LZM) Update - July 21, 2025 Company and Industry - **Company**: Lifezone Metals (LZM) - **Industry**: Nickel Mining Key Points and Arguments Strategic Developments - Lifezone Metals announced a significant milestone with the first public economic study of the Kibanga nickel project, declaring 52.2 million tons of proven and probable reserves grading 1.98% nickel [5][6] - The company has consolidated 100% ownership of Kabanga Nickel Limited after acquiring BHP's 17% stake, allowing full control over product development and timelines [6][10] Financial Metrics - The feasibility study indicates an after-tax NPV of $1.58 billion with a pre-production CapEx of $942 million and an IRR of 23.3%, with a payback period of 4.5 years [6][22] - The all-in sustaining cost is $3.36 per pound of nickel, positioning Kabanga in the first quartile of global nickel producers [6][21] Project Economics - The project is expected to generate $14.1 billion in life-of-mine revenue and $4.6 billion in after-tax free cash flow [22] - The capital intensity ratio is estimated at $18,800 per ton of annual nickel production, indicating a low overall capital intensity [19] Funding Strategy - Lifezone has initiated alternative financing processes, engaging with tier-one international investment banks for funding options [12][14] - The company is focused on a mix of debt and equity financing, with a projected split of approximately 60% debt and 40% equity [42] Environmental and Social Governance (ESG) - Lifezone is committed to high ESG standards, with a resettlement action plan aligned with IFC performance standards, having already compensated 96% of affected landowners [25][53] - The company aims to minimize its environmental footprint while ensuring community engagement throughout the project [24][25] Government Relations - Lifezone has maintained close communication with the Tanzanian government, ensuring alignment and support for the Kibanga project [27][28] - The government is fully informed and supportive of the project's transition and development [28] Future Outlook - The company is targeting a final investment decision (FID) in 2026, with ongoing preparations for execution readiness and advanced permitting [26][47] - Lifezone is optimistic about the project's potential, emphasizing its strategic importance as a new source of critical metals, particularly nickel, copper, and cobalt [31][32] Market Position - The project is seen as a competitive alternative to Indonesian nickel sources, attracting interest from various stakeholders, including top mining companies and export credit agencies [45][46] - Lifezone is positioned to leverage its strong economic study to negotiate favorable terms with potential partners and investors [84] Additional Important Information - The feasibility study utilized long-term consensus pricing for nickel, copper, and cobalt, ensuring robust economic modeling [51][52] - The company has received positive feedback from shareholders regarding its strategic direction and project developments [29][30]

Core Viewpoint - NorthX Nickel Corp. has successfully completed the sale of its Sudbury Properties to Magna Mining Inc., allowing the company to focus on its Grasset Nickel property in Quebec, which is considered a promising nickel asset in North America [1][3][4] Group 1: Transaction Details - The sale of the Sudbury Properties includes all related property, assets, rights, and obligations, marking a significant milestone for NorthX [1] - The company has also completed a non-brokered private placement of 26,000,000 Subscription Receipts at $0.05 each, raising gross proceeds of $1,300,000, which were partially used to meet cash payment requirements for the transaction [2] Group 2: Grasset Nickel Property - The Grasset deposit is one of Canada's largest nickel sulphide deposits, with an Indicated Mineral Resource Estimate of over 50,000 contained tonnes of nickel and an average nickel equivalent (NiEq) grade exceeding 1.5% [4] - An updated mineral resource estimate in 2021 indicated a resource of 5.5 million tonnes grading 1.53% NiEq and an inferred resource of 217,000 tonnes grading 1.01% NiEq [5] - The Grasset Ultramafic Complex remains largely underexplored, with significant nickel sulphide showings discovered along a 23-kilometre belt [6] Group 3: Leadership Transition - The company announced the resignation of Tom Meyer as President & CEO, with Simon Marcotte now serving as Executive Chairman [21][22] - Marcotte praised Meyer for his leadership and contributions, particularly in securing financing and advancing the Grasset Project [22] Group 4: Future Focus - NorthX aims to concentrate on the exploration and development of its nickel sulphide properties, particularly the Grasset Project, which is positioned in a stable pro-mining jurisdiction [24][25]

Core Viewpoint - Zeb Nickel Corp has engaged Spectrem Air Proprietary Ltd. to conduct a 736 line-kilometre SpectremPlus™ airborne electromagnetic survey over its Zeb Nickel Project in Limpopo Province, South Africa, aiming to enhance the identification of potential nickel sulphide ore bodies [1][2]. Group 1: Survey Details - The airborne survey will cover approximately 736 line-kilometres, utilizing 150 m spaced traverse lines and 1,500 m tie-lines, with data acquisition scheduled for July 2025 [7]. - The SpectremPlus™ system is capable of imaging conductive bodies to depths exceeding 700 m, with a high RMS dipole moment of 756 kA·m² [3][7]. - The survey is expected to be completed within three days, with final processed data and interpretations anticipated within 30 days post-survey [7]. Group 2: Technical Integration and Benefits - The AEM survey will complement existing gravity-magnetic models, allowing for improved drill-target definition by distinguishing between conductive massive sulphides and resistive host rocks [3][4]. - By integrating EM conductivity data with gravity and magnetic models, the technical team aims to generate a prioritized pipeline of drill-ready targets for potential nickel-sulphide mineralization [4][6]. - The expected deliverables include a unified 3D geophysical block model that identifies and ranks high-priority target zones based on conductivity, density, and magnetic susceptibility signatures [13]. Group 3: Company Focus and Strategic Importance - Zeb Nickel Corp is focused on exploring and developing world-class mineral deposits, particularly those critical for rechargeable battery production, including nickel, lithium, and cobalt [14]. - The Zeb Nickel Project is strategically located in the Bushveld Complex, which is known for its rich mineral deposits [14].

Core Insights - Noble Mineral Exploration Inc. announced the initial mineral resource estimate for the Mann Central Nickel Sulphide Project, in collaboration with Canada Nickel Company [1][2] - The Mann Central project is located 40 km northeast of Timmins, Ontario, and is part of the East Timmins Nickel Company joint venture [2][3] - The initial mineral resource estimate indicates significant potential, with over 9 million tonnes in both Measured & Indicated and Inferred categories [2] Mineral Resource Estimate - The Mann Central Project has an Indicated Mineral Resource of 237 million tonnes grading 0.22% nickel, totaling 0.52 million tonnes of contained nickel [4][6] - Inferred Mineral Resources are estimated at 537 million tonnes grading 0.21% nickel, equating to 1.15 million tonnes of contained nickel [4][6] - An Exploration Target of an additional 0.6 to 2.0 billion tonnes grading between 0.19% and 0.20% nickel is identified, pending further drilling [4][6] Project Details - The Mann Central project covers a geophysical target area of 3.1 square kilometers, with the current MRE covering approximately 40% of this area [3] - The dimensions of the Mann Central MRE are approximately 2.4 kilometers long, up to 700 meters wide, and extending to 500 meters deep, remaining open in all directions [4] - Drilling for the initial MRE involved 12,563 meters from 32 drill holes, conducted in 2023 and 2024 [4][8] Future Plans - Canada Nickel plans to advance the Crawford project towards a construction decision by year-end and aims to publish three additional mineral resource estimates by the end of the year [2][20] - Ongoing drilling and sampling programs will focus on upgrading Inferred Mineral Resources to Indicated Mineral Resources [20]

Core Insights - Canada Nickel Company has reported significant mineral resources in the Timmins Nickel District, with a total of 9.2 million tonnes in the Measured & Indicated categories and 9.5 million tonnes as Inferred Mineral Resources [2][3] - The Mann Central Project has been identified as a substantial resource, with an initial estimate of 237 million tonnes grading 0.22% nickel and 537 million tonnes grading 0.21% nickel, indicating a total of 0.52 million tonnes and 1.15 million tonnes of contained nickel respectively [5][6] - The Texmont Project has also shown promising results, with Measured Mineral Resources totaling 3.3 million tonnes at 0.34% nickel, Indicated Mineral Resources of 34.6 million tonnes at 0.27% nickel, and Inferred Mineral Resources of 57.7 million tonnes at 0.22% nickel [15][22] Timmins Nickel District Overview - The Timmins Nickel District is emerging as a significant area for nickel resources, with Canada Nickel's properties collectively holding over 18.7 million tonnes of contained nickel [2][3] - The Sudbury nickel district, for comparison, has an estimated nickel endowment of 19 million tonnes, highlighting the potential of the Timmins area [2] Mann Central Project Details - The Mann Central Project is located 23 km east of the Crawford Nickel Sulphide Project and covers a geophysical target area of 3.1 square kilometers, which is more than twice the size of Crawford [4] - The project has an Exploration Target of 0.6 to 2.0 billion tonnes grading between 0.19% and 0.20% nickel, pending further drilling [6][7] Texmont Project Details - The Texmont Project's initial mineral resource estimate includes 3.3 million tonnes of Measured resources, 34.6 million tonnes of Indicated resources, and 57.7 million tonnes of Inferred resources, with a total of 11,281 tonnes, 97,700 tonnes, and 143,900 tonnes of contained nickel respectively [15][22] - The mineralization at Texmont consists mainly of pentlandite and pyrrhotite, with the high-grade horizon surrounded by a medium to low-grade envelope [16] Next Steps and Future Plans - Canada Nickel plans to continue infill drilling at both Mann Central and Texmont to upgrade Inferred Mineral Resources to Indicated Mineral Resources and to enhance understanding of the geology [20][26] - A technical report supporting the mineral resource estimates will be filed within 45 days of the news release, ensuring compliance with industry standards [9][21]