Canada Nickel Reports Additional Exploration Drilling Results at Reid Nickel Sulphide Property Including Over 1 kilometre of Nickel Mineralization
Highlights
- Longest interval to date at Reid – over 1 kilometre of nickel mineralization extending beyond the current resource at depth by ~300 metres
- 0.28% nickel over 1,018 metres including higher-grade intervals (e.g., 0.36% Ni over 97 m and 0.42% Ni over 45 m)
- Successfully infilled/extended existing nickel mineralization by 200–300 metres to the north, west and south
- Updated mineral resource expected by year-end 2025
TORONTO, Sept. 4, 2025 — Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce additional exploration drilling results from its 100% owned Reid Nickel Sulphide Project ("Reid"), located approximately 39 kilometres northwest of Timmins, Ontario.
CEO Mark Selby said, "Reid continues to deliver, with today’s results confirming its substantial potential size and scale and the potential for multiple projects in the Timmins Nickel District. These results also validate the considerable potential identified when the initial resource was published at the end of last year, supported by a 3.9-square-kilometre geophysical target that is more than twice the size of Crawford. We look forward to further demonstrating Reid’s scale with an updated resource by year-end."
Reid Project
Reid is a large serpentinized ultramafic intrusion with a geophysical footprint approximately 2.5 times larger than Crawford’s. The intrusion consists mainly of dunite with minor peridotite and contains multiple long intervals of nickel mineralization. The Central Dyke Corridor is a key structural area where the main dunite body is intersected by north-south dykes.
A 28-hole drill program was completed in Q1–Q2 2025 to infill previous sections and produce an updated mineral resource by year-end 2025. The updated resource is expected to materially increase the Inferred category and upgrade portions to Indicated and Measured. A prior news release (May 28, 2025) reported assay results for the first eight holes; this release reports the final 20 holes.
The initial Reid resource published December 23, 2025, contained an Indicated Resource of 0.59 billion tonnes grading 0.24% Ni (1.4 Mt Ni) and an Inferred Resource of 0.99 billion tonnes grading 0.23% Ni (2.2 Mt Ni). An Exploration Target potential of an additional 0.9–2.1 billion tonnes grading 0.20–0.22% Ni was defined (conceptual in nature).
Key drill results (selected)
All 20 holes intersected long intervals of mineralized dunite and minor peridotite. Two notable holes in the western half of the geophysical target intersected very long mineralized intervals starting close to surface:
| Hole ID | From (m) | To (m) | Length (m)* | Ni % |
|---|---|---|---|---|
| REI25-82 | 25.4 | 1,044.0 | 1,018.6 | 0.28 |
| including | 583.5 | 681.0 | 97.5 | 0.36 |
| including | 120.0 | 164.8 | 44.8 | 0.42 |
| REI25-89 | 33.7 | 663.0 | 629.3 | 0.25 |
| including | 33.7 | 228.0 | 194.3 | 0.31 |
| including | 148.5 | 183.0 | 34.5 | 0.41 |
*True width undetermined. All lengths are drillhole lengths.
Complete assay tables, drill orientation, and figures (plan and cross-sections) accompany the release. Figures include: Reid drillholes over total magnetic intensity, Reid plan view showing the nickel resource and completed drilling, and cross-sections showing REI25-82 and REI25-89 in relation to the resource.
Quality assurance and control, drilling and assaying
Edwin Escarraga, MSc, P.Geo., a Qualified Person under NI 43-101, is responsible for the ongoing drilling and sampling program including QA/QC. NQ core is logged and sampled at 1.5 m intervals; samples are split and submitted to ISO/IEC 17025 accredited labs. Precious metals are analyzed by fire assay and Ni, Co, S and others by peroxide fusion and ICP-OES. Certified standards and blanks are inserted at a rate of 3 QA/QC samples per 20 core samples.
Qualified Person and data verification
Stephen J. Balch, P.Geo. (ON), VP Exploration of Canada Nickel and a Qualified Person under NI 43-101, has verified the data disclosed and reviewed and approved the technical information in this release.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing nickel-sulphide projects to deliver nickel for electric vehicle and stainless steel markets. The Company is developing processes aiming for net zero carbon nickel, cobalt and iron products and is anchored by its 100% owned Crawford Nickel-Cobalt Sulphide Project in the Timmins-Cochrane mining camp. For more information visit www.canadanickel.com.
Contact
Mark Selby
CEO
Phone: 647-256-1954
Email: [email protected]
Cautionary statement concerning forward-looking information
This press release contains information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes drill and exploration results, expected timing for updated resource delivery, the ability to continue drilling, the impact of drilling on resource definition, potential of the Projects, timing and completion of mineral resource estimates, strategic plans, and plans for future exploration and development. Such information is based on assumptions and subject to risks, uncertainties and other factors that may cause actual results to differ materially. Readers should not place undue reliance on forward-looking information. Canada Nickel disclaims any obligation to update such information except as required by law.
SOURCE Canada Nickel Company Inc.