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M&A / Property

Core Nickel Corp. Announces Appointment of CFO

By The Northwire Desk — AI Analysis Dec 08, 2025 · 05:01 CNCO · 0.14 Core Nickel Corp.
CNCO · Price

Executive Summary

  • Core Nickel appoints Carmelo Marrelli as Chief Financial Officer, succeeding Harry Chan.
  • The appointment is linked to the pending reverse‑takeover of Core Nickel by Arizona Copper and Gold Ltd. (ACG), which if approved will rename the company “Arizona Eagle Mining Corp.” and give it 100% ownership of ACG’s Eagle Project (McCabe Gold Mine).
  • The proposed transaction is expected to close in Q1 2026, with Phase‑One drilling at the Eagle Project slated to begin shortly thereafter.

Key Details

  • CFO Appointment: Carmelo Marrelli, principal of Marrelli Support Services Inc., becomes CFO effective immediately; Harry Chan resigns.
  • Background on Marrelli: Provides accounting, regulatory compliance, corporate secretarial, and transfer‑agent services to TSX‑V listed companies for over 30 years; controls DSA Corporate Services LP and Marrelli Trust Company Ltd.
  • Reverse Takeover Transaction:
  • Core Nickel will be acquired by shareholders of ACG via a plan of arrangement subject to TSXV, court, and shareholder approvals.
  • Upon completion, Core Nickel will be renamed “Arizona Eagle Mining Corp.” and will own 100% of the Eagle Project.
  • Eagle Project Highlights:
  • Historic estimate: 878,000 oz Au at 11.7 g/t and 5 M oz Ag at 69 g/t (not NI 43‑101 compliant).
  • Includes McCabe Gold Mine and surrounding claims in Yavapai County, AZ; 240 acres private land plus an additional 5,400 acres of BLM claims.
  • Future Plans: Phase‑One drill program to commence at the Eagle Project in Q1 2026; transaction expected to close in the same timeframe.
  • Forward‑Looking Statements: The release contains numerous forward‑looking statements regarding approvals, timing, and exploration activities; actual results may differ materially.

Notable Quotes

“On behalf of the board I would like to thank Harry for his hard work and dedication as the founding CFO of the Company… Mr. Marrelli will help guide Core Nickel through the reverse‑takeover process with Arizona Copper and Gold Ltd.” – Chris Tate, President & CEO

Read the original news release →

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Mar 25, 2026 · 05:01

Arizona Eagle Completes RTO to Pivot from Manitoba Nickel to High-Grade Arizona Gold

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M&A / Property Feb 18, 2026 · 11:39

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M&A / Property Feb 18, 2026 · 05:01

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M&A / Property Nov 26, 2025 · 17:55

Arizona Copper and Gold Ltd. and Core Nickel Corp. Announce Closing of Concurrent Financings

Financings Nov 24, 2025 · 23:30

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