SPC Nickel's 2026 Summer Exploration Program on Track to Deliver Drill Targets at the Muskox Cu-Ni-PGM Project, Nunavut
SPC secures cash runway through late 2026 to fund Muskox field work ahead of planned 2027 drilling.
SPC Nickel Corp. (SPC) has issued an operational update regarding its 2026 summer exploration program at the 100%-owned Muskox Cu-Ni-PGM Project in Nunavut. The company confirmed that field activities are on track to deliver drill-ready targets for a planned 2027 campaign.
During the reporting period, SPC completed a 60 km² Ground Magnetotelluric (MT) survey and Phase 1 of a Ground Electromagnetic (EM) survey. The Phase 1 EM work covered 56 line-km across five grids. Phase 2 ground EM is scheduled to commence in mid-August 2026. Additionally, a Heritage Resource Impact Assessment (HRIA) was successfully completed.
A 10-day geological field program is currently underway to ground-truth geophysical anomalies, identify optimal camp locations, and investigate the 60 km Feeder Dyke. The integration of MT, ground EM, and field datasets will define a ranked target set for the 2027 drill campaign.
SPC Nickel Corp. (SPC) announced routine, expected progress following the May 13 financing close and the June 16 launch of its 2026 field season. The update confirms management is executing its planned exploration sequence to prepare for 2027 drilling, aligning with previous guidance. No new drill results, resource updates, or financial milestones were disclosed.
SPC Nickel Corp. is a pre-revenue exploration company focused on North American Cu-Ni-PGM assets. Its flagship Muskox Cu-Ni-PGM Project, a 496 km2, 100%-owned district-scale intrusion in Nunavut, shares geological similarities with Norilsk and Voisey's Bay. Historic drilling returned high-grade intercepts, including 7.50m @ 6.14% Cu, 2.76% Ni, 9.06 g/t PGM. Modern geophysics conducted in 2025 identified 85 high-priority EM conductors.
The company also holds the Lockerby East Property in the Sudbury Mining District, Ontario. This asset includes the West Graham deposit, which contains 19.3 Mt Indicated @ 0.42% Ni, 0.28% Cu, and the LKE deposit, which holds 665 kt Indicated @ 1.59% NiEq. A positive metallurgical study was completed in early 2026, and the feasibility study deadline with Vale Canada has been extended to June 2027.