Canada Nickel

Canada Nickel announces a non-brokered private placement of up to 2.4 million flow-through shares at C$2.07 each, targeting gross proceeds of C$4.97 million. The proceeds are to be used for qualifying exploration expenditures, including spending on critical minerals in Ontario; expenditures must be incurred by December 31, 2027 and assigned to subscribers with an effective date no later than December 31, 2026. Closing is scheduled for June 10, 2026 and is subject to customary conditions and TSX Venture Exchange approval; the issued securities will be subject to a hold period of four months plus one day. Canada Nickel is developing nickel sulfide projects, with the Crawford nickel-cobalt sulfide project in the Timmins–Cochrane district as its flagship and a permitting decision expected in early summer. » More on de.investing.com

Canada Nickel is expanding its strategic partnership with NetCarb to develop a CO2-free industrial cluster in northeastern Ontario. The plan calls for using the Crawford tailings for CO2 storage and to produce blue-green hydrogen, magnesium-based products and low-carbon fertilizers. According to the company, NetCarb’s technology could sequester up to ten times more CO2 than the current process; roughly 300 kg of CO2 storage and 55 kg of hydrogen are estimated per tonne of tailings. Grant applications are planned for 2025, laboratory tests for 2026 and pilot demonstrations for 2027. » More on de.investing.com

Canada Nickel Company has released positive drilling results at the MacDiarmid property near Timmins, showing nickel mineralization over several hundred meters. The results confirm the potential of the nickel district, and the company plans further resource estimates and drilling in the region. CEO Mark Selby emphasized the importance of the findings for regional exploration. » More on de.investing.com