#Canada #Canada Nickel #Timmins #Sulphide Project

Canada Nickel Reports Significant Resource Increase at Reid Project

On January 12, 2026, Canada Nickel Company Inc. revealed an impressive 46% increase in the measured and indicated mineral resources at its Reid Nickel Sulphide Project, located near Timmins, Ontario. The updated estimates bring the contained nickel in the project to an astonishing 2.1 million tonnes with a grade of 0.23% Ni from a total of 0.87 billion tonnes. This includes a higher-grade domain with a notable 0.25% nickel grade.

This recent announcement reflects the ongoing advancements in the mineral resource estimates that the company aims to achieve at Reid, which is now recognized as one of the largest nickel sulphide deposits globally. Notably, inferred resources also saw a significant surge, boasting a 47% increase to reach 3.2 million tonnes containing nickel, which translates to 1.45 billion tonnes at 0.22% Ni.

The total potential exploration target ranges from an additional 0.5 billion to 1.4 billion tonnes at 0.21% to 0.22% nickel. The entire Timmins Nickel District now comprises eight deposits, culminating in 10.1 million tonnes of measured and indicated nickel and 12.5 million tonnes of inferred nickel resources.

Located just 16 kilometers southwest of Canada Nickel’s flagship Crawford Nickel Sulphide Project, Reid is notably larger, with a geophysical target area measuring 3.9 square kilometers. Currently, the mineral resource area encompasses about 59% of this total target. Access has been facilitated through a year-round exploration road established by the company.

Mark Selby, CEO of Canada Nickel, expressed enthusiasm during the announcement, stating, “The confirmation of Reid as one of the world's largest nickel sulphide deposits underscores the remarkable potential of the Timmins Nickel District. With Crawford poised for construction by year-end, we believe Reid and other projects in the district could yield even greater value.”

He also emphasized that the Reid Project features an incredibly advantageous strip ratio, reduced overburden, and higher chromium grades compared to Crawford. Moreover, more than 40% of the geophysical target remains unexplored, leaving room for further expansions and discoveries.

In addition to the updated resource estimates, the company plans to continue extensive exploration efforts throughout 2026. This includes mineralogical studies and metallurgical test work, along with infill drilling to accurately define higher-grade horizons. Ultimately, the aim is to develop a Preliminary Economic Assessment (PEA).

The revised mineral resource estimates integrate data from 34 new drill holes, accumulating 51,137 meters of core drilling across 89 drill holes. The estimate includes measured and indicated categories, with the majority of inferred resources expected to upgrade through continuous exploration efforts.

The methods employed in the estimation adhere to industry standards, utilizing the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines. Specific gravity measurements and rigorous QA/QC protocols were observed throughout the drilling phases. Further verification of the data was conducted by Stephen J. Balch, the company’s VP of Exploration.

In summary, Canada Nickel is poised to capitalize on the significant resource increase at the Reid Nickel Sulphide Project, with comprehensive exploration and strategic development ahead. The ambitions surrounding Reid not only highlight the company's key role in the nickel market but could also significantly influence future global nickel supply, especially as demand for electric vehicle batteries continues to grow.

For updates and more information, you can visit Canada Nickel's official website.