Core Insights - Canada Nickel Company has initiated the Impact Assessment phase for its Crawford Nickel Project, with a federal permitting decision expected by summer 2026 [1] - The completion of the Impact Statement phase is a significant milestone, reflecting collaboration with various stakeholders including federal and provincial authorities, Indigenous Nations, and the public [1] - The Crawford Nickel Project is positioned to be one of the largest nickel sulphide projects globally, contributing to Canada's critical minerals strategy and climate objectives [1] Summary by Sections Project Development - The Impact Assessment phase has commenced following the completion of the Impact Statement phase, which was submitted on November 22, 2024 [1] - Canada Nickel responded to IAAC's comments on December 30, 2025, which satisfied the requirements for the Impact Assessment [1] - The IAAC will prepare a draft Impact Assessment Report, which will include preliminary conclusions on potential adverse effects and will be available for public comment [1] Environmental and Indigenous Engagement - The company emphasizes its commitment to high environmental standards and meaningful partnerships with Indigenous communities [1] - The project aims to support the development of a zero-carbon industrial cluster in the Timmins Nickel District [1] Strategic Positioning - Canada Nickel is focused on advancing nickel-sulphide projects to meet the growing demand in electric vehicle and stainless steel markets [1] - The company is pursuing the development of processes for net zero carbon nickel, cobalt, and iron products, enhancing its strategic positioning in low political risk jurisdictions [1]

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]

Core Viewpoint - Canada Nickel Company has filed independent technical reports supporting the initial mineral resource estimates for its Midlothian and Bannockburn Nickel Sulphide Projects, with no material differences from previously disclosed results [1][2]. Group 1: Technical Reports - The technical reports were issued on February 2, 2026, with an effective date for the mineral resource estimates of December 15, 2025 [2]. - The reports are titled "National Instrument 43-101 Initial Mineral Resource Estimate and Technical Report for the Midlothian Ni-Co-Pd-Pt Deposit" and "National Instrument 43-101 Initial Mineral Resource Estimate and Technical Report for the Bannockburn Ni-Co-Pd-Pt Deposit" [2]. - The reports were prepared by Caracle Creek International Consulting Inc. and are available on SEDAR+ [2]. Group 2: Financial and Corporate Actions - Canada Nickel has amended its option agreement for the Midlothian property, agreeing to issue 27,400 common shares to optionors in exchange for deferring a payment of $200,000 from November 2025 to January 2026 [3]. Group 3: Company Overview - Canada Nickel is focused on advancing nickel-sulphide projects to meet the growing demand in electric vehicle and stainless-steel markets [5]. - The company is pursuing the development of processes for producing net zero carbon nickel, cobalt, and iron products, and has applied for trademarks related to these initiatives [5]. - Canada Nickel's flagship project is the 100% owned Crawford Nickel-Cobalt Sulphide Project located in the Timmins-Cochrane mining camp [5].

Core Insights - Canada Nickel Company has filed an independent technical report supporting the initial mineral resource estimate for its Mann Nickel Sulphide Project, which includes the Mann West and Mann Central Properties [1][2] - The Mann Project is located approximately 40 kilometers northeast of Timmins, Ontario, and is owned 80% by Canada Nickel and 20% by Noble Mineral Exploration Inc. [2] - The report indicates that the Mann Deposits contain over 9.2 million tonnes of Measured and Indicated nickel and 9.5 million tonnes of Inferred nickel, with three additional resources expected to be published by the end of 2025 [3] Company Overview - Canada Nickel Company is focused on advancing nickel-sulphide projects to meet the growing demand for nickel in electric vehicles and stainless-steel markets [5] - The company is pursuing the development of processes for producing net zero carbon nickel, cobalt, and iron products, and has applied for trademarks related to these products [5] - The flagship project of Canada Nickel is the 100% owned Crawford Nickel-Cobalt Sulphide Project, located in the Timmins-Cochrane mining camp [5]