Canada Nickel Company Inc. Reveals Strong Resource Estimate for Mann West Nickel Project
- Canada Nickel Company Inc. announces a significant mineral resource estimate for its Mann West Nickel Sulphide Project near Timmins, Ontario.
- The project contains indicated resources of 406 million tonnes grading 0.23% nickel and inferred resources of 599 million tonnes grading 0.22% nickel.
- Canada Nickel plans to raise up to C$8 million for development, reinforcing its commitment to sustainable nickel production.
Canada Nickel Company Unveils Promising Mineral Resource Estimate for Mann West Project
On June 11, 2025, Canada Nickel Company Inc. announces an initial mineral resource estimate for its Mann West Nickel Sulphide Project, strategically located near Timmins, Ontario. With Canada Nickel owning 80% of the project, its area spans 3.4 square kilometers, which is more than double the size of the company's flagship Crawford Nickel Sulphide Project, just 21 kilometers away. The resource estimate, derived from an extensive 16,833 meters of core drilling across 37 drill holes, reveals significant potential with indicated resources totaling 406 million tonnes grading 0.23% nickel, equating to approximately 0.95 million tonnes of contained nickel. In addition, inferred resources stand at 599 million tonnes grading 0.22% nickel, representing an estimated 1.31 million tonnes of contained nickel.
The resource dimensions are substantial, extending about 1.9 kilometers in length, 800 meters in width, and up to 500 meters deep, with the potential for expansion as the resource remains open to the northwest and at depth. Notably, an Exploration Target of 0.5 to 1.0 billion tonnes grading between 0.20% and 0.22% nickel also exists, underscoring the project's growth potential. Furthermore, the presence of a PGM Zone within the resource includes an indicated resource of 7 million tonnes grading 0.422 g/t palladium and platinum, alongside an inferred resource of 7.7 million tonnes grading 0.411 g/t. This robust mineralization positions the Mann West Project as a significant asset within Canada Nickel's portfolio and highlights the company's commitment to exploring and expanding its resource base.
The announcement of this resource estimate not only enhances Canada Nickel's standing in the nickel market but also aligns with the global demand for nickel, particularly in the electric vehicle and stainless steel sectors. As Canada Nickel aims to produce net-zero carbon nickel, cobalt, and iron products, the Mann West Project serves as a crucial component of its strategy to contribute to the clean energy transition. The successful development of this project could position Canada Nickel as a leading supplier of essential materials for sustainable technologies, reflecting the growing importance of critical minerals in the current economic landscape.
In conjunction with the resource estimate, Canada Nickel also reveals plans for a brokered private placement aimed at raising up to C$8 million. This capital infusion is intended to support ongoing operations and development initiatives, particularly at the Crawford Nickel Sulphide Project. The private placement will be facilitated by a syndicate of agents, including Red Cloud Securities Inc. and Scotia Capital Inc., ensuring compliance with Canadian and U.S. securities laws. The funds raised will reinforce Canada Nickel's financial stability and operational capabilities, enabling the company to effectively respond to the increasing global demand for nickel and other critical minerals.
Through these strategic initiatives, Canada Nickel Company Inc. is poised to enhance its market position and drive forward its commitment to sustainable nickel production, aligning with the industry's broader shift towards environmentally responsible practices.