SPC Nickel completes MobileMT survey at Muskox

Executive Summary

• SPC Nickel launched a summer field exploration program at its 100 % owned Muskox Cu‑Ni‑PGM project in Nunavut, following the completion of a 1,020 km MobileMT electromagnetic survey.
• The company expanded the Muskox land package by an additional 65 km², bringing the total controlled area to 496 km², and is deploying proceeds from its recent $3.5 million rights offering to fund the program.
• Historical drill intercepts highlight high‑grade mineralization (e.g., 7.50 m @ 6.14 % Cu, 2.76 % Ni, 9.06 g/t PGM), underscoring the project's discovery potential.

Key Details

• MobileMT Survey: First airborne electromagnetic survey over the Muskox intrusion in >20 years; 1,020 line‑km collected to map conductive targets (results pending).
• Land Expansion: Additional 65 km² staked, increasing total project area to 496 km² and consolidating control of prospective ground.
• Funding: Field program financed by proceeds from a $3.5 million rights offering completed earlier in the year.
• Field Program Activities (Summer 2025):
• Detailed geological mapping of high‑priority targets.
• Systematic surface sampling to refine drill target selection.
• Data integration to inform next‑phase drilling plans.
• Historical Drill Highlights:
• 7.50 m @ 6.14 % Cu, 2.76 % Ni, 9.06 g/t PGM (Silvermet, 2007).
• 13.74 m @ 5.04 % Cu, 2.21 % Ni, 5.63 g/t PGM (Equinox Resources, 1987).
• Project Context: Muskox intrusion is a large, layered mafic‑ultramafic body comparable to world‑class deposits such as Norilsk‑Talnakh; district‑scale land package covers the majority of the intrusion.
• Qualified Person: Technical content approved by Grant Mourre, P.Geo (PGO), under NI 43‑101.

Notable Quotes

“With the MobileMT survey providing unprecedented visibility into the mineralizing structures of the Muskox intrusion, this follow‑on field program will help us validate and refine targets… We are wasting no time putting investors' funds to work to advance this exciting project.” – Grant Mourre, CEO, SPC Nickel Corp.