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Technical Study

Canada Nickel files NI 43-101 reports

By The Northwire Desk — AI Analysis Feb 03, 2026 · 14:19 CNC · 1.92 Canada Nickel Company Inc.
CNC · Price

Executive Summary

  • Canada Nickel Company Inc. filed independent NI 43-101 technical reports supporting the initial mineral resource estimates for its 100%-owned Midlothian and Bannockburn nickel sulphide projects near Timmins, Ontario.
  • The technical reports confirm the mineral resource estimates previously disclosed in a news release dated December 18, 2025, with no material differences.
  • The company also announced an amendment to its option agreement for the Midlothian property, involving the issuance of shares to defer and settle a final cash option payment.

Key Details

  • Technical Report Filing:
    • Filed on SEDAR+ independent technical reports prepared in accordance with National Instrument 43-101.
    • Reports support initial mineral resource estimates for the Midlothian and Bannockburn projects.
    • Reports were issued on February 2, 2026.
    • Mineral resource estimates have an effective date of December 15, 2025.
    • Estimates were prepared following CIM (Canadian Institute of Mining, Metallurgy and Petroleum) definition standards for mineral resources and reserves (Nov. 29, 2019).
    • Prepared by Caracle Creek International Consulting Inc.
    • No material differences exist between these reports and the results disclosed in the company's news release dated December 18, 2025.
  • Option Agreement Amendment (Midlothian Property):
    • Canada Nickel entered into an amendment to its option agreement regarding the Midlothian property.
    • Canada Nickel agreed to issue a total of 27,400 common shares to the optionors.
    • Consideration: Deferral of the time of payment for the final cash option payment from November 2025 to January 2026.
    • Status: The final cash option payment of $200,000 has now been made.
  • Qualified Person:
    • Stephen J. Balch, PGeo (Ontario), Vice-President, Exploration, reviewed and approved the scientific and technical information.

Notable Quotes

  • None provided in the source text.
Read the original news release →

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