Canada Nickel Announces Initial Resources at Midlothian and Bannockburn Projects
Press Release
Highlights:
⦁ Midlothian delivers highest nickel grade: 595 million tonnes (Mt) Inferred Resource at 0.28% nickel;
⦁ Bannockburn resource established: 63 Mt Indicated Resource at 0.28% nickel and 129 Mt Inferred Resource at 0.27% nickel.
⦁ Timmins Nickel District expanded: Eight deposits now total 3.9 billion tonnes (Bt) Measured & Indicated Resources at 0.24% containing 9.4 Mt of contained nickel and 4.9 billion tonnes (Bt) Inferred Resources at 0.23% containing 11.5 Mt of contained nickel
TORONTO, December 18, 2025 – Canada Nickel Company Inc. (“Canada Nickel” or the “Company”) (TSX-V:CNC) (OTCQB: CNIKF) today announced initial mineral resource estimates (the “Mineral Resource Estimate” or “MRE”) for its Midlothian Nickel Sulphide Project (“Midlothian”) and Bannockburn Nickel Sulphide Project (“Bannockburn”), located 64 km southeast of Timmins and 20 km west of Matachewan, Ontario.
Mark Selby, CEO of Canada Nickel said, “We continue to demonstrate the world class potential of the Timmins Nickel District and have now published eight of nine resources, with over 3.9 billion tonnes at 0.24% nickel for 9.4 million tonnes of Measured and Indicated nickel, and 4.9 billion tonnes at 0.23% nickel for 11.5 million tonnes of Inferred nickel. We were very pleased with both the Bannockburn and Midlothian resources – particularly as the Midlothian resource was generated from just 45% of the target geophysical footprint and yielded the highest average grade resource to date from our projects in the Timmins Nickel District. We expect to publish the final resource at Nesbitt in the first quarter of 2026.”
Timmins Nickel District
The Company has published mineral resource estimates for eight of its properties in the Timmins area, amounting to 3.98 billion tonnes of 0.24% nickel in Measured & Indicated resources, for a total of 9.4 million tonnes of nickel metal, and an Inferred Resource of 4.95 billion tonnes of 0.23% nickel , for a total of 11.5 million tonnes of contained nickel metal (Table 1).
The Company continues to show the potential of its property package in the Timmins Nickel District. For comparison, the Sudbury Nickel District had an estimated pre-mining resource of 19 million tonnes of contained nickel (Naldrett and Lightfoot, 1993; Lesher and Thurston, 2002).
IBF4
