Canada Nickel Company Implements NI 43-101 Reports for New Mining Projects

Canada Nickel Company Advances with NI 43-101 Technical Reports

In a significant development for the mining sector, Canada Nickel Company Inc. has officially filed independent technical reports in accordance with NI 43-101, detailing its initial resource estimates for the Midlothian and Bannockburn nickel sulphide projects. These projects, located in proximity to Timmins, Ontario, signify an important step forward for the company, reinforcing its commitment to resource sustainability and growth in the electric vehicle market.

On February 2, 2026, Canada Nickel submitted its reports to SEDAR+, which include comprehensive evaluations conducted by Caracle Creek International Consulting Inc. The reports reaffirm the initial mineral resource estimates previously disclosed by the company in December 2025. According to the compiled data, the effective date for these estimates is December 15, 2025, and they comply with the CIM Definition Standards for Mineral Resources and Reserves established in November 2019.

The two reports specifically delineate key details regarding the mineral resources associated with the Midlothian and Bannockburn projects, titled "National Instrument 43-101 Initial Mineral Resource Estimate and Technical Report for the Midlothian Ni-Co-Pd-Pt Deposit" and "Initial Resource Estimate and Technical Report for the Bannockburn Ni-Co-Pd-Pt Deposit." Both documents are now accessible through the company's issuer profile on SEDAR+.

Background of the Projects

The Midlothian and Bannockburn projects are pivotal to Canada Nickel's strategy of tapping into nickel production that aligns with the growing demands of sustainable industries such as electric vehicles and stainless steel manufacturing. As environmental consciousness heightens in the mining industry, Canada Nickel is focused on integrating eco-friendly practices into its operations.

Furthermore, the company has recently amended its option agreement concerning the Midlothian property, which includes issuing 27,400 common shares to the optionors. This action defers a payment of $200,000 from November 2025 to January 2026, showcasing Canada Nickel's financial strategies amidst its ongoing development projects.

Expertise and Leadership

Stephen J. Balch, P.Geo, who serves as Vice President of Exploration at Canada Nickel, has reviewed and sanctioned the scientific and technical information presented in the reports. His expertise underscores the scientific foundation the company stands on and ensures rigorous adherence to industry standards.

Company Vision and Sustainable Development

Canada Nickel Company is not only focused on resource extraction; it is also committed to sustainable practices through its trademark initiatives aimed at producing NetZero Nickel, Cobalt, and Iron. These advancements aim to minimize environmental impact while meeting the escalating global demand for battery metals. With its flagship Crawford Nickel-Cobalt Sulphide Project as the central anchor of its operations, Canada Nickel aims to provide investors leverage in low-risk political jurisdictions, reinforcing the company's market position.

As the company navigates through these evolving phases, it remains committed to transparency and shareholder engagement, prompting prospective and current investors to keep abreast of ongoing developments. For additional insights, stakeholders are encouraged to visit Canada Nickel's website or reach out directly to the company for further information.

In conclusion, as Canada Nickel embarks on this critical phase marked by the recent technical reports, the industry's attention is drawn to its potential to drive forward the future of sustainable nickel production, significantly contributing to the electric vehicle sector and beyond.