Highlights

Acquisition of 13 additional target properties consolidates district scale potential.
Combined target surface footprint of 37.7 square km – 40 times larger than current Crawford Main Zone resource of 0.85 square km.
Ten target properties have larger footprint than Crawford and nine confirmed to contain the same host mineralization as Crawford.
Sothman target property has historical higher grade, shallow resource of approximately 190,000 tons of 1.24% nickel (with 300 metres strike length) ¹ ; remaining 2.2 km of strike length is largely untested.
Four target areas have yielded drill intersections of > 0.3% nickel including:

Sothman: 2.31% nickel and 0.19% copper over true width of 3.2 metres within 1.58% nickel and 0.12% copper over true width of 8.6 metres from 41 metres;
Deloro : 0.38% nickel and 0.22 g/t PGM over core length of 15.5 metres within 0.28% nickel and 0.09 g/t PGM over core length of 299 metres from 241 metres;
Midlothian: 0.24% nickel over core length of 345 metres, including 0.30% nickel over 42 metres;
Mann Southeast: multiple 3 metre intervals grading 0.31-0.33% nickel within 111 metres of dunite across entire core length

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced that the Company has concluded 18 separate transactions resulting in the outright acquisition or earn-in to 13 additional target properties within a radius of 95 km of the Company's flagship Crawford Nickel-Sulfide Project, consolidating Canada Nickel's position in the Timmins area. Each of the additional properties contains one or more ultramafic targets based on combinations of historical geophysical work and drilling over the past 65 years. See transaction summary at the end of the release for a summary of the acquisition terms.

"The acquisition of these highly prospective target properties represents a transformational milestone for Canada Nickel, on par with the initial discovery of our flagship property, Crawford. The consolidation of these properties underscores our strong belief in the district-scale potential of the Timmins region and in our journey to become a leader of the Next Generation of Nickel Supply – large, scalable, low carbon nickel supply," said Mark Selby , Chair & CEO of Canada Nickel. "These properties have combined target structures 40 times the scale of the structure which hosts our current Crawford Main Zone resource (contained nickel of 1.56 million tonnes M&I + 0.76 million tonnes inferred ² ), and like Crawford, all these target structures are near excellent infrastructure. Each target has had some amount of historical work, and in some cases, much more than Crawford did initially, confirming these targets contain the same serpentinized dunite and/or peridotite that hosts Crawford mineralization and, as our last release reported, has the potential to permanently sequester CO2."

______________________

¹ See Statement Regarding Historical Resource Estimates on page 27 of this press release.

² See Preliminary Economic Assessment, titled "Crawford Nickel-Sulphide Project National Instrument 43-101 Technical Report and Preliminary Economic Assessment", with an effective date of May 21, 2021

Figure A – The Timmins Nickel District

The Company will host a conference call and webcast today, Monday, November 22, 2021 , at 10:00 a.m. EDT , to discuss the property acquisitions and answer questions related to the advancement of the Timmins Nickel District (see details at the end of this announcement).

Sothman

Sothman is a property of approximately 1,000 ha located 70 km south of Timmins. The project was acquired from Glencore.

The Sothman Property contains an ultramafic sill comprised mainly of dunite (see Figure 2) that is estimated to be up to 200-300 metres thick, 2.2 km long and open at depth. An unclassified historical resource estimate reported as 189,753 tons grading 1.24% nickel (the Sothman West Zone) ³ is centred 500 metres west of the sill (the 2.2 km dunite sill is largely untested).

The Sothman West Zone occurs at the north ultramafic contact within a footwall embayment approximately 300 metres wide and open at depth. The best historical intersection was hole DG50-S04 with 1.58% nickel over 12.2 metres (8.6 metres estimated true width) from 41.2 metres downhole including 4.6 metres (3.2 metres estimated true width) of 2.31% nickel and 0.19% copper. A sample of historical drill results is shown in Table 1a and 1b . Two drillholes intersected a deeper pod of similar sulphide mineralization (3.4 metres of 1.32% nickel from 398 metres in SM71-1 and 5.5 metres of 0.49% nickel from 353.2 metres in SM71-2) outside of the resource during the last drill program in 1971.

The Sothman Main Zone has seen very limited exploration but is known to contain dunite and peridotite and is similar in size to the East Zone at Crawford. For example, drillhole SM67-B25, SM67-B26 and SM67-B27 all intersected peridotite below overburden intersecting 54.56 metres of peridotite from 36.6 metres, 112.47 metres of peridotite from 7.6 metres, and 109.43 metres of peridotite from 12.19 metres respectively. All three holes ended in peridotite. Drillhole SM67-B28 was collared in peridotite (intersecting 46.02 metres of ultramafics from 15.24 metres) and crossed the south contact into volcanics at 61.26 metres, completing the only geologic section across the Sothman Main Zone.

Drillhole DG53-S41A is the only hole drilled in the eastern area of the Sothman Main Zone and intersected 60.1 metres of peridotite from 23.8 metres downhole, ending in peridotite. The south contact of the Sothman Main Zone has been intersected in three drillholes (DG51-S09, DG51-S12 and SM67-B28) with all holes starting in peridotite and ending in volcanics.

Table 1a – Historical Drilling – Sothman West Zone – Significant Intersections

Hole ID	From (m)	To (m)	Length (m)	Estimated True Width (m)	Ni %	Cu %
SM56-K11	93.2	102.4	9.2	4.6	1.58	0.17
including	93.2	97.5	4.3	2.2	2.58	0.34
SM67-B06	28.7	40.5	11.8	8.4	1.57	0.11
including	28.7	33.8	5.1	3.6	2.28	0.16
DG50-S04	41.2	53.3	12.2	8.6	1.58	0.12
including	41.2	45.7	4.6	3.2	2.31	0.19
DG51-S20	89.9	95.8	5.9	4.0	1.56	0.13
DG50-S05	19.8	21.0	1.2	0.9	7.51	0.62
SM71-1	398.1	409.0	11.0	4.1	0.66	0.04

___________________________

³ See Statement Regarding Historical Resource Estimates on page 27 of this press release.

Table 1a – Historical Drilling – Sothman West Zone – Significant Intersections (continued)

Hole ID	From (m)	To (m)	Length (m)	Estimated True Width (m)	Ni %	Cu %
including	398.1	401.4	3.4	1.2	1.32	0.05
SM71-2	353.3	358.8	5.5	2.5	0.49	0.03

Table 1b – Historical Drilling – Sothman Property – Selected Lithologies

Hole ID	From (m)	To (m)*	Rock Type
DG-50-S04	32.4	107.9	Ultramafics - Peridotite
DG-50-S05	22.9	82.0	Ultramafics - Peridotite
DG-51-S09	7.3	217.0	Ultramafics - Peridotite
DG-51-S12	7.0	111.4	Ultramafics - Peridotite
DG-51-S12	111.4	114.1	Ultramafics - Gabbro
DG-51-S12	114.1	118.3	Ultramafics - Peridotite
DG-51-S12	118.3	142.8	Ultramafics - Gabbro
DG-51-S20	19.8	96.9	Ultramafics - Peridotite
DG-53-S41A	23.8	83.8	Ultramafics - Peridotite
SM-56-K11	85.7	148.4	Ultramafics - Peridotite
SM-67-B06	25.5	101.8	Ultramafics - Peridotite
SM-67-B25	36.6	91.1	Ultramafics - Peridotite
SM-67-B26	7.6	120.1	Ultramafics - Peridotite
SM-67-B27	12.2	121.6	Ultramafics - Peridotite
SM-67-B28	15.2	47.7	Ultramafics - Peridotite
SM-71-01	394.0	426.7	Ultramafics - Peridotite
SM-71-02	351.1	366.7	Ultramafics - Peridotite
* Denotes ended in mineralization

Figure 1 – Sothman Property – Historical Drillholes Over Total Magnetic Intensity ("TMI").

Deloro

Deloro is a property of approximately 1,800 ha located 10 km southeast of Timmins . It contains an ultramafic unit 1.4 km in length and up to 450 metres wide, striking south-southeast identified by the high magnetic intensity anomaly and historical drilling (see Figure 2). Six holes (FY-02-02, FY-02-06, FY-02-10, FY-02-11, FY-02-12, FY-02-13) were drilled inside and on the edge of the anomaly. Five of six holes intersected serpentinized dunite/peridotite with a core length of 24.2 metres in hole FY-02-10 up to 138.4 metres in hole FY-02-13, with four of five holes ending in serpentinized dunite/peridotite.

All five holes noted presence of magnetite (up to 20-25% magnetite in interval 39.4-89.5 metres from hole FY-02-02) and disseminated sulphides. Only specific non-consecutive intervals were assayed. Two of the four holes had nickel mineralization exceeding 0.40% nickel: FY02-02 with 0.42% nickel over a core length of 4.2 metres, with up to 0.73 g/t Pd and 0.23 g/t Pt over 1.2 metres, and FY-02-10 with 0.48% nickel, 0.28 g/t Pd, and 0.14 g/t Pt over 2.8 metres. See Table 2a and 2b below.

Figure 2 – Deloro Property – Historical Drillholes Over TMI

Table 2a – Historical Drilling – Deloro Property – Significant Intersections*

Hole ID	From (m)	To (m)	Length (m)	Ni %	Cu %	Pd g/t	Pt g/t
FY-02-02	241.0	314.5	73.5	0.28	0.03	0.06	0.03
Including	299.0	314.5	15.5	0.38	0.06	0.15	0.07
FY-02-02	324.2	345.0	20.8	0.24	0.03	0.03	0.01
including	342.8	343.1	0.4	0.74	0.23	0.16	0.17
FY-02-10	54.7	59.7	5.0	0.27	0.03	0.01	0.00
FY-02-10	95.8	98.6	2.8	0.48	0.03	0.28	0.14
FY-02-13	122.8	152.9	30.1	0.25	0.01	0.02	0.01
FY-02-13	177.5	200.5	23.0	0.24		0.00	0.00
FY-02-13	298.0	318.0	20.0	0.26		0.00	0.00
* Insufficient drilling completed to determine dip and true width of orebody

Table 2b – Historical Drilling – Deloro Property – Selected Lithologies

Hole ID	From (m)	To (m)	Length (m)	Rock Type
FY-02-01	4.0	11.0	7.0	Peridotite
FY-02-01	11.0	14.1	3.1	Serpentinite
FY-02-01	14.8	18.2	3.4	Serpentinite
FY-02-01	18.2	29.9	11.7	Peridotite
FY-02-01	29.9	31.3	1.4	Peridotite
FY-02-01	31.3	34.8	3.5	Peridotite
FY-02-01	36.5	98.5	62.0	Peridotite
FY-02-01	98.5	102.0	3.5	Serpentinite
FY-02-02	5.8	21.3	15.5	Peridotite/Dunite
FY-02-02	23.1	33.7	10.6	Peridotite/Dunite
FY-02-02	33.7	34.7	1.0	Serpentinite
FY-02-02	39.4	89.5	50.1	Peridotite/Dunite
FY-02-02	89.5	90.4	0.8	Pyroxenite
FY-02-02	92.1	117.1	25.0	Peridotite/Dunite
FY-02-02	117.1	120.7	3.6	Serpentinite
FY-02-02	132.5	134.4	1.9	Peridotite
FY-02-02	135.4	136.8	1.4	Pyroxenite
FY-02-02	137.1	138.6	1.5	Serpentinite
FY-02-02	138.6	149.8	11.2	Peridotite/Dunite
FY-02-02	151.7	206.1	54.4	Peridotite/Dunite
FY-02-02	210.6	217.9	7.2	Serpentinite
FY-02-02	219.3	314.7	95.4	Peridotite
FY-02-02	316.7	319.0	2.3	Pyroxenite
FY-02-02	319.0	319.7	0.7	Peridotite
FY-02-02	319.7	321.2	1.5	Peridotite/Dunite
FY-02-02	321.2	324.2	3.0	Peridotite
FY-02-02	324.2	324.8	0.6	Peridotite
FY-02-02	324.8	325.8	1.0	Peridotite
FY-02-02	325.8	332.2	6.4	Peridotite
FY-02-02	332.2	333.5	1.3	Serpentinite
FY-02-02	333.5	339.7	6.2	Peridotite
FY-02-02	339.7	365.7	26.0	Serpentinite
FY-02-02	373.5	381.1	7.7	Serpentinite
FY-02-06	25.0	110.3	85.3	Serpentinite
FY-02-06	110.9	208.9	98.0	Serpentinite

Table 2b – Historical Drilling – Deloro Property – Selected Lithologies (continued)

Hole ID	From (m)	To (m)	Length (m)	Rock Type
FY-02-06	211.2	301.0	89.8	Serpentinite
FY-02-10	31.7	50.0	18.3	Pyroxenite
FY-02-10	54.7	59.7	5.0	Pyroxenite
FY-02-10	69.9	73.8	3.8	Peridotite
FY-02-10	75.5	97.6	22.1	Pyroxenite/Peridotite
FY-02-10	97.6	113.5	15.9	Peridotite/Dunite
FY-02-10	113.5	121.9	8.4	Peridotite
FY-02-10	121.9	123.5	1.7	Serpentinite
FY-02-10	123.9	124.6	0.7	Serpentinite
FY-02-10	124.8	130.7	5.9	Peridotite
FY-02-10	130.7	135.0	4.3	Peridotite
FY-02-12	52.4	58.6	6.2	Pyroxenite
FY-02-12	58.6	64.7	6.1	Serpentinite
FY-02-12	75.3	79.1	3.8	Serpentinite
FY-02-12	80.0	80.3	0.3	Serpentinite
FY-02-12	80.3	82.3	2.0	Serpentinite
FY-02-12	85.6	86.2	0.6	Serpentinite
FY-02-12	86.2	97.3	11.1	Peridotite
FY-02-12	97.3	113.5	16.2	Pyroxenite
FY-02-12	113.5	118.2	4.7	Peridotite
FY-02-12	119.4	122.0	2.5	Peridotite
FY-02-12	122.0	133.3	11.3	Peridotite/Dunite
FY-02-12	133.3	146.4	13.2	Dunite
FY-02-12	146.6	272.0	125.4	Dunite
FY-02-13	114.3	156.0	41.6	Peridotite
FY-02-13	166.1	168.1	2.0	Peridotite
FY-02-13	168.1	171.9	3.8	Peridotite
FY-02-13	171.9	177.5	5.6	Dunite
FY-02-13	177.5	179.6	2.1	Peridotite
FY-02-13	179.6	318.0	138.4	Dunite

Mann

Mann is located 25 km east of Crawford and totals 7,800 ha. The ultramafic is estimated to be a combined 21 km in length with variable thickness and having at least three main dunitic cores like that at Crawford (Mann Central, Mann Northwest, and Mann Southeast). The Company has acquired the right to earn an 80% interest in the Mann Property from Noble by an initial payment of $100,000 in cash and 150,000 shares and paying a further $100,000 per year over the four-year Option Period (for a total cash payment of $400,000 ) and issuing a further 250,000 common shares, and incurring total exploration expenditures of $1.7 million , over the Option Period. Noble will retain a 2.00% Net Smelter Return ("NSR") with a 1.00% buy-back to Canada Nickel for $1.0 million plus 50% of the buy-back provisions that total $4.5 million ( $2.25 million to CNC).

Mann Central

The Mann Central Property area covers a single 4 km long by up to 1 km wide ultramafic intrusion (see Figure 3) that is evident in TMI geophysical surveys. Historical drilling has already delineated ultramafic mineralization over a strike length of 2,700 metres and 690 metres wide. Only one historical hole had assays – Falconbridge Ltd. intersected 79 metres (MAN43-03) of ultramafic which was intermittently sampled - with the highest reported assay of 0.29% nickel over ~1 metre (See Table 3a below). Historical drilling began in 1951 with seven of eight holes intersecting serpentinized peridotite containing magnetite. The longest intersection occurred in hole M-1, with 212 metres of well serpentinized peridotite along its entire core length. A 1976 drilling campaign reported wide intercepts of serpentinized ultramafic intrusive with visible sulphides and pervasive magnetite. Hole MA5-2-76 was the longest at 114 metres of serpentinized ultramafics along its entire core length (see Table 3a below).

Table 3a – Historical Drilling – Mann Central Property – Selected Lithologies

Hole ID	From (m)	To (m)	Length (m)	Rock Type
INCO-1	5.2	162.5	157.3	Peridotite
M-1	1.5	213.7	212.1	Peridotite
M-2	7.3	214.9	207.6	Peridotite
M-3	7.6	14.9	7.3	Peridotite
M-3	18.0	96.3	78.3	Peridotite
M-3	96.3	141.7	45.4	Pyroxenite
M-3	141.7	155.1	13.4	Peridotite
M-3	165.8	172.8	7.0	Pyroxenite
M-4	11.3	50.0	38.7	Dunite
M-4	50.0	54.6	4.6	Pyroxenite
M-4	54.6	88.4	33.8	Dunite
M-4	88.4	191.4	103.0	Peridotite
M-4	191.4	196.0	4.6	Pyroxenite
M-5	10.1	41.1	31.1	Pyroxenite
M-5	41.1	153.3	112.2	Peridotite
M-5	161.5	172.5	11.0	Pyroxenite
M-6	7.9	114.9	107.0	Peridotite
M-6	123.1	128.0	4.9	Pyroxenite
M-7	11.3	107.3	96.0	Peridotite
M-7	113.4	127.1	13.7	Peridotite
M-7	129.2	172.8	43.6	Peridotite
1A	0.9	7.0	6.1	Peridotite
1A	51.5	54.6	3.1	Peridotite
2A	2.4	8.7	6.3	Peridotite
2A	22.0	52.1	30.2	Peridotite
2A	83.8	111.3	27.4	Peridotite
3A	1.2	57.3	56.1	Peridotite

Table 3a – Historical Drilling – Mann Central Property – Selected Lithologies (continued)

Hole ID	From (m)	To (m)	Length (m)	Rock Type
3A	61.3	80.5	19.2	Peridotite
4A	0.6	10.4	9.8	Peridotite
4A	11.0	37.5	26.5	Peridotite
MA4-2-76	84.4	90.8	6.5	Gabbro
MA4-2-76	90.8	121.9	31.1	Pyroxenite
MA4-2-76	121.9	123.1	1.2	Peridotite
MA5-1-76	102.4	108.8	6.4	Gabbro
MA5-1-76	108.8	138.1	29.3	Peridotite
MA5-2-76	8.7	123.1	114.4	Ultramafic
MN87-3	32.3	200.0	167.7	Ultramafic
MAN43-01	9.0	188.0	179.0	Ultramafic
MAN43-03	78.6	158.0	79.4	Ultramafic

Table 3b – Historical Drilling – Mann Central Property – Significant Intersections

Hole ID	From (m)	To (m)	Length (m)	Ni %
MAN43-03	89.1	90.3	1.2	0.29
MAN43-03	95.1	95.5	0.4	0.15
MAN43-03	107.2	107.6	0.4	0.16
MAN43-03	116.0	116.5	0.5	0.19
MAN43-03	122.0	122.4	0.4	0.21
MAN43-03	131.0	131.6	0.6	0.23
MAN43-03	142.7	143.0	0.3	0.21
MAN43-03	149.0	149.5	0.5	0.22

Figure 3 – Mann Central Property – Historical Drillholes Over TMI.

Mann Northwest

The Mann Northwest Property covers an ultramafic intrusion having dimensions of 3.5 km long by 600-800 metres wide (see Figure 4). The intrusion is described as mostly peridotite, commonly serpentinized, with overlying leuco-gabbro and pyroxenite.

First Point Minerals Corp. conducted a three-hole drill program (468 metres) in 2002 targeting PGMs in pyroxenites that overlie the ultramafic units. While the first hole (FHR-01-01) targeted the contact between the volcanics and the ultramafic rocks, the second hole (FHR02-02) intersected serpentinized peridotite containing magnetite and some sulphide stringers in fractures. Nickel assays were taken at selected intervals and ranged from a low of 0.10% nickel to a high of 0.31% nickel with average values >0.20% nickel (see table 4a).

Drilling conducted by Tres-Or Resources Ltd., did not report nickel assays but did intersect wide sections of serpentinized peridotite with magnetite and/or sulphide minerals (e.g., MAN-87-1) as observed in 22 drill holes (see Table 4b ), as well as elevated PGM values (e.g., 0.57-0.59 g/t PGM) from several channel samples. Geological descriptions and geochemistry from these programs resemble what is observed at Canada Nickel's Crawford property.

Table 4a – Historical Drilling – Mann Northwest Property – Significant Intersections

Hole ID	From (m)	To (m)	Length (m)	Ni %	S %	Cr %	Co %	Pd (g/t)	Pt (g/t)
FHR01-02	25.3	29.0	3.7	0.22	0.06	0.20	0.01	0.001	-
FHR01-02	73.0	76.0	3.0	0.21	0.07	0.11	0.01	-	-
FHR01-02	86.0	89.0	3.0	0.23	0.06	0.08	0.01	0.002	-
FHR01-02	89.0	92.3	3.3	0.24	0.05	0.07	0.01	0.002	-
FHR01-02	92.6	95.0	2.4	0.23	0.05	0.06	0.01	0.003	-
FHR01-02	98.0	101.0	3.0	0.24	0.05	0.06	0.01	0.002	0.007
FHR01-02	101.0	104.0	3.0	0.23	0.05	0.08	0.01	0.001	-
FHR01-02	131.0	134.0	3.0	0.25	0.04	0.08	0.01	0.002	0.007
FHR02-02	33.5	35.0	1.5	0.22	0.07	0.23	0.01	0.063	0.048
FHR02-02	75.4	76.4	1.0	0.21	0.10	0.14	0.01	0.003	-
FHR02-02	113.0	114.3	1.3	0.31	0.17	0.10	0.02	0.021	0.013
FHR02-02	117.0	118.6	1.6	0.21	0.09	0.08	0.01	0.002	-
FHR02-02	121.7	122.3	0.6	0.29	0.12	0.15	0.01	0.038	0.017
FHR02-02	134.7	135.4	0.7	0.28	0.19	0.19	0.01	0.044	0.021
FHR02-02	158.0	161.0	3.0	0.27	0.14	0.07	0.01	0.031	0.009
FHR03-02	27.5	32.0	4.5	0.17	0.10	0.08	0.01	0.004	0.014
FHR03-02	133.0	137.0	4.0	0.15	0.18	0.18	0.01	0.005	-

Table 4b – Historical Drilling – Mann Northwest Property – Selected Lithologies

Hole ID	From (m)	To (m)	Length (m)	Rock Type
FHR01-02	25.3	63.5	38.2	Peridotite
FHR01-02	63.5	87.5	24.0	Peridotite
FHR01-02	87.5	92.3	4.8	Peridotite
FHR01-02	92.6	111.8	19.2	Peridotite

Table 4b – Historical Drilling – Mann Northwest Property – Selected Lithologies (continued)

Hole ID	From (m)	To (m)	Length (m)	Rock Type
FHR01-02	116.9	119.1	2.2	Peridotite
FHR01-02	119.1	137.0	17.9	Peridotite
FHR02-02	7.0	33.5	26.5	Peridotite
FHR02-02	33.7	43.5	9.8	Peridotite
FHR02-02	43.5	150.0	106.5	Peridotite
FHR02-02	150.8	161.0	10.2	Peridotite
FHR03-02	15.0	123.8	108.8	Peridotite
MAN-73-6	12.2	112.3	100.1	Peridotite
MAN-73-6	115.5	119.9	4.4	Peridotite
MAN-73-6	119.9	128.0	8.1	Pyroxenite
MAN-73-6	152.1	167.6	15.5	Peridotite
MAN-00-01	5.2	100.3	95.1	Peridotite
MAN-00-01	100.3	104.0	3.8	Gabbro
MAN-00-01	104.0	106.5	2.4	Peridotite
MAN-00-01	106.5	128.8	22.3	Gabbro
MAN-00-01	128.8	200.3	71.5	Peridotite
MAN-01	5.2	100.3	95.1	Peridotite
MAN-01	100.3	104.0	3.8	Gabbro
MAN-01	104.0	106.5	2.4	Peridotite
MAN-01	106.5	128.8	22.3	Gabbro
MAN-01	128.8	200.3	71.5	Peridotite
M-01-1	-	192.0	192.0	Peridotite
M-01-2	-	212.3	212.3	Gabbro
M-01-2	212.3	237.1	24.8	Carbonatized Zone
M-01-2	237.1	251.0	13.9	Peridotite
M-01-3	-	150.0	150.0	Peridotite
M-01-4	-	102.0	102.0	Peridotite
M-01-5	-	40.2	40.2	Peridotite
M-01-5	40.2	59.8	19.6	Gabbro
M-01-5	59.8	73.6	13.8	Pyroxenite
M-01-5	73.6	116.9	43.3	Gabbro
M-01-5	116.9	150.0	33.1	Peridotite
M-01-6	-	51.6	51.6	Peridotite
M-01-6	51.6	70.2	18.6	Gabbro
M-01-6	70.2	81.5	11.3	Pyroxenite
M-01-6	81.5	107.9	26.4	Gabbro
M-01-6	107.9	147.5	39.6	Peridotite

Table 4b – Historical Drilling – Mann Northwest Property – Selected Lithologies (continued)

Hole ID	From (m)	To (m)	Length (m)	Rock Type
M-01-6	147.5	156.0	8.5	Gabbro
MAN-87-1	-	9.7	9.7	Gabbro
MAN-87-1	9.7	41.2	31.4	Peridotite
MAN-87-2	-	11.6	11.6	Gabbro
MAN-87-2	11.6	35.4	23.8	Peridotite
MAN-88-1	-	61.6	61.7	Peridotite
MAN-88-1	61.6	64.0	2.4	Gabbro
MAN-88-2	-	61.0	61.0	Peridotite
MAN-88-3	-	60.7	60.7	Peridotite
MAN-91-1	1.8	79.6	77.7	Gabbro
MAN-91-1	79.6	138.9	59.4	Peridotite
MAN-91-1	138.9	155.5	16.6	Gabbro
MAN-91-1	155.5	166.2	10.7	Gabbro
MAN-91-1	166.2	181.9	15.7	Pyroxenite
MAN-91-1	181.9	246.0	64.1	Peridotite
MAN-96-1	1.5	42.1	40.5	Gabbro
MAN-96-1	42.1	107.3	65.2	Peridotite
MAN-96-1	107.3	115.2	7.9	Pyroxenite
MAN-96-1	115.2	227.1	111.9	Peridotite
MAN-96-1	227.1	248.7	21.6	Pyroxenite
MAN-96-1	248.7	279.8	31.2	Peridotite
MAN52-02	96.6	179.0	82.4	Ultramafic
MAN07-01	6.4	37.8	31.4	Peridotite
MAN07-01	37.8	47.7	9.9	Gabbro
MAN07-01	47.7	53.5	5.8	Pyroxenite
MAN07-01	53.5	76.7	23.2	Gabbro
MAN07-01	76.7	102.0	25.3	Peridotite
MAN07-02	14.2	30.0	15.8	Pyroxenite
MAN07-02	30.0	110.0	80.1	Gabbro
MAN07-02	110.0	129.0	19.0	Peridotite
MAN07-03	40.5	41.9	1.4	Gabbro
MAN07-03	41.9	61.7	19.8	Peridotite
MAN07-03	61.7	82.0	20.3	Pyroxenite
MAN07-03	82.0	107.3	25.3	Peridotite
MAN07-04	9.0	21.5	12.5	Peridotite
MAN07-04	21.5	22.3	0.8	Pyroxenite
MAN07-04	22.3	76.8	54.5	Gabbro

Table 4b – Historical Drilling – Mann Northwest Property – Selected Lithologies (continued)

Hole ID	From (m)	To (m)	Length (m)	Rock Type
MAN07-04	76.8	141.0	64.2	Peridotite
MAN08-05	14.5	26.9	12.4	Pyroxenite
MAN08-05	26.9	60.0	33.1	Gabbro
MAN08-06	13.0	25.8	12.8	Peridotite
MAN08-06	25.8	38.3	12.5	Pyroxenite
MAN08-06	38.3	60.0	21.7	Gabbro
MAN08-07	16.0	33.9	17.9	Peridotite
MAN08-07	33.9	46.3	12.4	Pyroxenite
MAN08-07	46.3	54.0	7.7	Gabbro
MAN08-07	54.0	57.5	3.5	Pyroxenite
MAN08-07	57.5	75.0	17.5	Gabbro

Figure 4 – Mann Northwest Property – Historical Drillholes Over TMI.

Mann Southeast

Mann Southeast is characterized by an arcuate-shaped ultramafic intrusion located in southeast Mann township with approximate dimensions of 6.2 km long and up to 800 metres wide (see Figure 5). Eight widely spaced holes drilled into the anomaly outlined 5 km of serpentinized dunite / peridotite across the anomaly (see Table 5c below).

In 1996, Falconbridge Ltd. drilled 111 metres of strongly serpentinized peridotite (MAN-35-01) with select assays grading: 0.31-0.33% nickel over 3 metre sampled intervals. See Table 5a.

A drill program conducted in 1973 around the southeast Mann ultramafic intersected wide intervals of serpentinized peridotite in five holes, with assays ranging up to 0.29% nickel (see Table 5b below). The southernmost and largest section of ultramafic – 1.2 km by 800 metres – remains untested with no historical drilling reported.

Table 5a – Historical Drilling – Mann Southeast Property – Significant Intersections

Hole ID	From (m)	To (m)	Ni %
MAN-35-01	47.0	50.0	0.33
MAN-35-01	71.0	74.0	0.32
MAN-35-01	101.0	104.0	0.31

Table 5b – Historical Drilling – Mann Southeast Property – Significant Intersections

Hole ID	From (m)	To (m)	Ni %
73-1	41.1	42.7	0.25
73-1	73.2	74.8	0.23
73-1	86.7	88.4	0.22
73-1	103.6	105.2	0.24
73-1	120.4	121.9	0.23
73-1	137.2	138.7	0.22
73-1	153.9	155.4	0.25
73-3	41.1	42.7	0.25
73-3	56.4	57.9	0.28
73-3	73.2	74.7	0.18
73-3	88.4	89.9	0.16
73-3	103.6	105.2	0.20
73-3	120.4	121.9	0.25
73-3	136.2	137.8	0.29
73-3	150.9	152.1	0.29
73-4	69.2	70.7	0.28
73-4	86.0	87.5	0.23
73-4	103.6	105.2	0.23
73-4	120.4	121.9	0.23
73-4	137.5	139.0	0.29
73-6	61.6	63.1	0.27
73-6	76.2	77.7	0.23
73-6	94.5	96.0	0.23
73-6	99.1	100.6	0.22
*Hole 73-2 had assays all below 0.15%

Table 5c – Historical Drilling – Mann Southeast – Selected Lithologies

Hole ID	From (m)	To (m)	Length (m)	Rock Type
73-1	38.4	159.7	121.3	Peridotite
73-2	39.9	166.7	126.8	Peridotite
73-3	36.6	152.1	115.5	Peridotite
73-4	55.2	64.9	9.8	Peridotite
73-4	64.9	144.5	79.6	Peridotite
73-6	12.8	48.5	35.7	Peridotite
73-6	48.5	112.5	64.0	Peridotite
MAN-35-01	38.0	149.0	111.0	Dunite
MAN-45-01	99.0	155.0	56.0	Peridotite
MAN-45-01	195.0	245.0	50.0	Peridotite
MAN-45-02	95.0	211.0	116.0	Peridotite

Figure 5 – Mann Southeast Property – Historical Drillholes Over TMI.

Reaume

Reaume is a property approximately 5,800 ha located 54 km north-northeast of Timmins and contains a large ultramafic intrusion having an approximate outline of 3 km (east-west) by 1.8 km (north-south) as defined by its magnetic footprint and historical drilling (see Figure 6). Inco holes 28482 and 28483 returned peridotite/dunite mineralization across the entire core length. Hole 28483 intersected from surface approximately 264 metres of serpentinized peridotite/dunite containing magnetite with some disseminated sulphides. Hole 28482 intersected 108 metres of serpentinized peridotite/dunite with up to 20% magnetite and disseminated sulphides. Both drillholes ended in peridotite/dunite.

Seven drillholes by Falconbridge (1995) intersected thick sections of peridotite and dunite (up to 168 metres of dunite in Hole REA-45-07). These historic holes delineated a peridotite/dunite unit with an east-west extent of approximately 1,200 metres and a north-south extent of 900 metres.

Four of the Falconbridge holes ended in peridotite/dunite. Six of seven holes reported the widespread presence of magnetite as well as disseminated sulphides. No assays were reported; however, the TMI exceeds the peak levels at Crawford Main Zone near the centre of the intrusion and is strongly anomalous across the ultramafic.

Figure 6 – Reaume Property – Historical Drillholes Over TMI.

Table 6 – Historical Drilling – Reaume Property – Selected Lithologies

Hole ID	From (m)	To (m)	Length (m)	Rock Type
28483	37.0	89.0	52.0	Peridotite
28483	89.0	147.0	58.0	Peridotite
28483	147.0	301.0	154.0	Peridotite/Dunite
28482	140.0	158.0	18.0	Peridotite/Dunite
28482	158.0	248.0	90.0	Peridotite
REA-45-03	21.0	89.0	68.0	Peridotite
REA-45-03	89.0	117.0	28.0	Pyroxenite
REA-45-03	117.0	164.0	47.0	Peridotite
REA-45-03	164.0	198.0	34.0	Pyroxenite
REA-45-03	198.0	278.0	80.0	Peridotite
REA-45-03	294.0	335.0	41.0	Pyroxenite
REA-45-04	29.0	99.0	70.0	Dunite

Table 6 – Historical Drilling – Reaume Property – Selected Lithologies (continued)

Hole ID	From (m)	To (m)	Length (m)	Rock Type
REA-45-04	101.1	156.5	55.4	Dunite
REA-45-04	160.3	198.5	38.3	Peridotite
REA-45-04	198.5	344.9	146.4	Dunite
REA-45-05	30.0	123.8	93.8	Dunite
REA-45-05	123.8	223.1	99.3	Peridotite
REA-45-05	238.6	244.4	5.8	Pyroxenite
REA-45-05	244.4	293.0	48.6	Peridotite
REA-45-05	293.0	300.6	7.6	Dunite
REA-45-05	300.6	308.0	7.4	Peridotite
REA-45-06	21.7	320.0	298.3	Peridotite
REA-45-07	45.2	131.1	85.9	Peridotite
REA-45-07	131.1	299.0	167.9	Dunite
REA-45-08	33.0	54.5	21.5	Dunite
REA-45-08	54.5	64.4	9.9	Pyroxenite
REA-46-01	15.0	28.4	13.4	Dunite
REA-46-01	28.4	136.8	108.4	Dunite
REA-46-01	136.8	259.5	122.7	Peridotite
REA-46-01	259.5	310.0	50.5	Pyroxenite
REA-46-01	310.0	337.9	27.9	Peridotite
REA-46-01	350.3	388.5	38.2	Pyroxenite
REA-46-01	388.5	419.4	30.9	Peridotite

Midlothian

Midlothian covers an area of 3,257 ha and is located 70 km south-southeast of Timmins . The ultramafic body is defined by a magnetic anomaly 2.7 km long and up to 700 metres wide (see Figure 7 below).

A total of 30 holes were drilled over the last 50 years by various operators with 23 holes intersecting serpentinized peridotite/dunite and 17 ending while still in the ultramafics. Six drillholes, each intersected over 100 metres of continuous, uninterrupted dunite/ultramafic, with LM08-01 intersecting 263.8 metres to the end of hole. (See Table 7a).

Seven holes had nickel assays, with the best interval in hole LM08-01 which yielded 0.24% nickel across core length of 345 metres with the final 42 metres grading 0.30% nickel (See Table 7b ). Nickel sampling was not continuous down most drillholes.

The above drillholes outline serpentinized dunite/peridotite over a strike distance of 3.1 km long by 670 metres wide.

Figure 7 – Midlothian Property – Historical drillholes over TMI.

Table 7a – Historical Drilling – Midlothian Property – Selected Lithologies

Hole ID	From (m)	To (m)	Length (m)	Rock Type
LM08-01	51.6	60.2	8.6	Peridotite/dunite
LM08-01	60.2	135.8	75.7	Serpentinite
LM08-01	136.4	400.2	263.8	Peridotite/dunite
LL1	7.0	165.8	158.8	Dunite
LL2	8.8	163.1	154.3	Dunite
LL3	9.8	160.0	150.3	Dunite
A-121	2.7	48.8	46.0	Dunite
A-126	7.6	37.2	29.6	Dunite
A-126	41.8	92.0	50.3	Dunite
A-126	92.7	152.7	60.1	Dunite
501	133.2	196.3	63.1	Dunite
506	206.0	301.8	95.7	Dunite
507	106.1	280.7	174.7	Dunite
A-131	0.9	13.1	12.2	Dunite
A-131	36.6	39.9	3.4	Dunite
A-131	102.7	106.7	4.0	Dunite
A-131	110.9	113.1	2.1	Dunite
503	3.7	20.4	16.8	Dunite
504	6.7	114.0	107.3	Dunite

Table 7a – Historical Drilling – Midlothian Property – Selected Lithologies (continued)

Hole ID	From (m)	To (m)	Length (m)	Rock Type
MD-17-001	20.5	20.5	0.0	Serpentinite
MD-17-001	20.5	26.1	5.6	Serpentinite
MD-17-001	26.1	29.0	2.9	Dunite
MD-17-002	20.0	29.0	9.0	Serpentinite
MD-17-003	0.0	31.1	31.1	Serpentinite
MD-17-003	0.0	35.0	35.0	Dunite
MD-17-004	18.4	19.9	1.5	Dunite
MD-17-005	41.0	53.0	12.0	Dunite
MD-17-006	32.0	38.0	6.0	Dunite
MD-17-007	28.8	35.0	6.2	Serpentinite
MD-17-007	35.0	67.0	32.0	Dunite
MD-17-008	29.3	38.0	8.8	Serpentinite
514	45.9	52.1	6.2	Dunite
514	52.1	70.7	18.6	Dunite
514	70.7	92.7	21.9	Dunite
514	92.7	107.3	14.6	Dunite
514	117.7	149.4	31.7	Dunite
515	32.6	33.8	1.2	Dunite
515	33.8	78.3	44.5	Peridotite/dunite
515	78.3	86.3	7.9	Dunite
515	86.3	125.6	39.3	Peridotite/dunite
515	125.6	143.3	17.7	Dunite
516	48.5	84.7	36.3	Peridotite/dunite
516	92.0	105.2	13.1	Dunite
516	107.9	119.8	11.9	Peridotite/dunite
516	119.8	137.2	17.4	Dunite

Table 7b – Historical Drilling – Midlothian Property – Significant Intersections

Hole ID	From (m)	To (m)	Length (m)	Ni %
LM08-01	52.0	397.0	345.0	0.24
including	352.0	397.0	45.0	0.30

Reid

The Reid Property is located 16 km southwest of Crawford and covers an area of 3,800 ha. The property contains a series of folded ultramafic bodies that measure 3.3 km north-south by 2.1 km east-west based on the TMI. See Figure 8.

Only four holes were ever drilled inside or near the edge of the ultramafic (from 1966 to 1972) by three different companies. All four holes collared and ended in ultramafic rocks with the holes ending at depths of 59.7-171.0 metres with intervals of ultramafics ranging from 44.5-123.7 metres. While none of the holes were assayed, all four holes intersected peridotite with up to 5-10% disseminated magnetite noted in each hole (see Table 8 below).

Table 8 – Historical Drilling – Reid Property – Selected Lithologies

Hole ID	From (m)	To (m)	Rock Type
R-22	29.0	106.7	Serpentinized gabbro to peridotite
R-22	125.0	171.0	Serpentinized peridotite
R-18	54.6	96.9	Peridotite
T67-1	20.7	128.3	Serpentinized peridotite
T67-2	15.2	59.7	Serpentinized peridotite

Figure 8 – Reid Property – Historical Drillholes Over TMI.

Adam McCool

Adam McCool was staked directly by Canada Nickel and covers 2,832 ha. The property is located 92 km east of Timmins . The main intrusion was identified by its anomalous TMI and is estimated to have dimensions 4.6 km long by up to 800 metres wide (see Figure 9).

Mid-North Engineering Ltd. drilled three holes in McCool Township in 1963, intersecting serpentinized dunite in all three holes at shallow depths (to 495 ft or 151 m ). See Table 9. No assays were provided.

Table 9 – Historical Drilling – Adam McCool Property – Selected Lithologies

Hole ID	From (m)	To (m)	Length (m)	Rock Type
1-63	33.5	121.9	88.1	Serpentinized Dunite
1-62	38.1	150.9	112.8	Serpentinized Dunite
1-63	3.0	33.8	30.8	Serpentinized Dunite
1586-1	48.6	139.7	91.1	Peridotite
1586-1	139.7	153.3	13.6	Gabbro
D-1	29.3	279.5	250.2	Serpentinite

Figure 9 – Adam McCool Property – Historical Drillholes Over TMI.

Powell

The Powell Property is located 74 km southeast of Timmins and consists of several single cell mining claims totaling approximately 1,000 ha. The mining claims cover an ultramafic intrusion having dimensions of 1.4 km by 1.0 km showing a highly anomalous TMI. Two shallow holes drilled off the southeast edge of the anomaly were described as containing a pervasive mafic metavolcanic unit with high concentrations of magnetite and intervals of fracture-filling sulphide, which is more typical of serpentinized ultramafics. See Figure 10.

Figure 10 – Powell Property – Historical Drillholes Over TMI.

Moody

The Moody Property covers an area of 1,940 ha and was staked by Canada Nickel. The claims are located 72 km east of the Crawford Project and within 3 km from an all-weather mining road. Mistango River Mines Limited drilled a total of 34 diamond drillholes in the search for ultramafics. While the drilling results were reported by Utah Mines Ltd. in 1964, the location of the drillholes and drill results have not been provided on the Mining Lands Administration System ("MLAS"). The ultramafic is interpreted to have dimensions of 4.2 km long by up to 700 metres wide.

The Utah Mines Ltd. program consisted of reverse circulation drilling of several holes in 1984 (only seven were reported to MLAS) and core was not recovered. At the overburden-bedrock interface the rock was often described as being dark green and mafic.

Figure 11 – Moody Property – Historical Drillholes Over TMI.

Mortimer

The Mortimer Property includes two ultramafic intrusions that cover a total distance of 10 km, in an area staked by Canada Nickel totaling 2,732 ha. The main intrusion has dimensions of 1.8 km long, up to 400 metres wide and has never been intersected by drilling. The secondary intrusion, although longer in strike extent, does not show the same high intensity in the TMI but does have three locally high responses within the intrusion, none of which appears to have been drilled. The property is easily accessed by an all-weather logging road. See Figure 12.

Figure 12 – Mortimer Property – Historical Drillholes Over TMI.

Stimson

The Stimson Property covers 1,491 ha and encompasses a weakly magnetic ultramafic having a strike length of at least 2 km and with a higher amplitude TMI of 400 metres long. The ultramafic is interpreted to be a more distal extension of more strongly magnetic ultramafics found in Mortimer and Moody Townships, staked by Canada Nickel at the same time. See Figure 13.

Figure 13 – Stimson Property – Historical Drillholes Over TMI.

Purchase and Option Agreements

The Company has negotiated 18 agreements to acquire the properties described in the release. On signing, the Company will pay a combined $371,500 in cash and 2,044,000 shares. $25,000 of this cash has already been paid and 125,000 shares have already been issued.

Table 10 – Consolidated Summary of Cash & Share Consideration: 18 transactions

	Cash	Shares
On Signing	$371,500	2,044,000
Year 1	$350,000	926,000
Year 2	$200,000	35,000
Year 3	$600,000	425,000
Year 4	$500,000	140,000
Total	$2,021,500	3,570,000

Sothman

Canada Nickel has entered into an agreement with Glencore Canada Corporation (Glencore) to acquire 50 mining leases that are in Sothman, Kemp and Mond Townships, 45 of which have associated Mining and Surface rights and five of which have Mining Rights only. Glencore will also hold a contingent right to receive a bonus payment in the amount of $10,000,000 (paid in cash or shares, at the Company's election) in the event the Company discloses a mineral resource pursuant to National Instrument 43-101 of 10,000 tonnes or more of nickel or nickel equivalent. Glencore will also retain offtake rights to purchase the ore, concentrate or other mineral products produced from the property at market pricing. Canada Nickel staked an additional nine mining claims adjacent to the mining leases.

Deloro

The Deloro Project consists of mining claims and patents acquired from two vendors in separate Purchase Agreements. In the first Purchase Agreement a 100% ownership was acquired to 35 mining claims and 30 mining patents. The mining claims are subject to a 2.00% NSR while the patents are subject to various NSRs, ranging from 2.00-5.50%. In the second Purchase Agreement, Canada Nickel acquired a 100% ownership in four contiguous mining patents. The vendor will retain a 3.00% NSR on any gold resource outlined.

Mann

The Mann Property was acquired from Noble Mineral Exploration ("Noble") in an Option Agreement with work commitments, cash payments, share issuances, NSRs, and buy-back provisions. The Company has acquired the right to earn an 80% interest in the Mann Property from Noble. Work commitments are $1.7 million over the Option Term with an initial $500,000 required in the first year. Noble will retain a 2.00% NSR (due to various vendors) with a 1.00% buy-back provision to Canada Nickel for $1.0 million plus 50% of the buy-back provisions that total $4.5 million ( $2.25 million to CNC). Once Canada Nickel earns its 80% interest it will form a joint-venture with Noble to continue exploring the Property on an 80%-20% basis. An acceleration provision exists to allow the Company to reach its 80% interest earlier than the Option Period.

Reaume

The Reaume Property was acquired through a combination of Purchase and Option Agreements. In one Purchase Agreement Canada Nickel acquired a 100% right to 65 contiguous mining claims with a 2.00% NSR to the vendor and a 1.00% buy-back provision. In a second Option Agreement Canada Nickel has the option to earn a 100% interest in 48 mining claims through work expenditures (2,100 metres of diamond drilling) over a 12-month period. In a third Purchase Agreement Canada Nickel acquired a 100% interest in a group of 201 in-fill claims (surrounding the ultramafic units) with the vendor retaining a 2.00% NSR with a buy-back of 1.00%. In a fourth Purchase Agreement Canada Nickel acquired a small group of claims which have a 2.00% NSR with a 1.00% buy-back.

Midlothian

The Midlothian Property was acquired under an Option Agreement with Canadian Gold Miner Corp. (70% interest) and Laurion Mineral Exploration Inc. (30% interest), collectively the vendors. Under the terms of the agreement, Canada Nickel can earn a 100% interest in the property through cash and share payments and a commitment to $500,000 of exploration expenditures within the first twelve months of the agreement. On or before the fourth anniversary, Canada Nickel will complete an exploration program having a cumulative value of $2.5 million (including the first-year expenditures of $0.5 million ). Cash and share payments in the first year are $50,000 and 100,000 respectively. In subsequent years payments are $100,000 and 35,000 (18 months), $200,000 and 70,000 (27 months), $300,000 and 105,000 (year 3) and $400,000 and 140,000 (year 4) for total cash payments of $1,050,000 and share issuances of 450,000. The vendors will retain an NSR of 4.00% for gold and 2.00% for nickel with a commercial production payment of $4.0 million . Canada Nickel will retain a 1.00% NSR buy-back right for aggregate payments of $2.5 million . The Option Agreement includes clauses for acceleration of the exploration program and payment in lieu of exploration expenditures.

Reid

The Reid Property was acquired through Purchase Agreements with several different vendors. The Company has committed to conduct a 2,500 m drill program and fly an airborne survey over the Property. The vendor retains a 2.00% NSR on the claims with certain buy-down provisions. In a second Purchase Agreement 14 single cell mining claims were acquired with a 2.00% NSR to the vendor and a 1.00% buy-back. In a third agreement Canada Nickel acquired a 100% interest in 18 mining claims with a 2.00% NSR to the vendor and a 1.00% NSR buy-back.

Adam McCool

The Adam McCool Property was staked directly by Canada Nickel as 72 contiguous mining claims (1,152 ha) with additional claims purchased from local prospectors for a total land package of 2,832 ha consisting entirely of mining claims owned 100% by Canada Nickel. Mining claims purchased by Canada Nickel are subject to a 2.00% NSR, 1.00% of which can be bought-back for $1 million . The claims with an NSR represent about 60% of the property.

Powell

The Powell Property was acquired through a Purchase Agreement with a single vendor. The vendor retains a 2.00% NSR with a 1.00% buy-back for $1 million .

Stimson-Mortimer-Moody

The Stimson, Mortimer and Moody Properties were staked directly by Canada Nickel as single cell mining claims and are not subject to an NSR. The total cost for staking was $10,750 . There are 215 mining claims totaling 3,440 ha. Each mining claim is 16 ha. Claims are valid for two years and require an exploration expenditure of $400 /claim thereafter to be renewed annually.

Additional Land Acquisition - Kingsmill and Mabee Townships

The Company has agreed to acquire the remaining patents in Kingsmill and Mabee township covering approximately 15,000 hectares from Noble Mineral Exploration in exchange for 500,000 shares of the Company.

Statement Regarding TSX Venture

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The completion of any transactions mentioned in this release is subject to customary closing conditions, including final TSX Venture Exchange approval. The common shares issued pursuant to the above noted acquisitions will be subject to a four month hold period under applicable Canadian securities laws. Some transactions may have been approved prior to this release.

Statement Regarding Historical Resource Estimates

The Sothman historical resource estimate is unclassified and does not comply with CIM Definition Standards on Mineral Resources and Mineral Reserves as required by NI 43-101. The historical resource was reported by D. R. Bell for Sothman Mines Limited on Oct. 1, 1969 , as 189,753 tons of 1.24% nickel and 0.15% Cu over an average width of 17.8 ft (undiluted) using a 1.00% nickel cut-off. The reliability of the historical resource is considered reasonable, but a qualified person has not done sufficient work to classify the historical resource estimate as a current mineral resource and the Company is not treating the historical resource estimate as a current resource. The Company plans on conducting an exploration program, including twinning of historical drill holes, to redefine the historical resource as a current mineral resource category.

Qualified Person and Data Verification

Stephen J. Balch P.Geo . (ON), VP Exploration of Canada Nickel and a "qualified person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.

Conference Call Details

Date: Monday, November 22, 2021
Time: 10:00 a.m. ET
Participants may join the call as follows:
Dialing local Toronto : +1-416-764-8688
Dialing North American Toll Free: +1-888-390-0546
Dialing International Toll Free: available upon request

Webcast URL:
https://produceredition.webcasts.com/starthere.jsp?ei=1514838&tp_key=41b4857d60

Confirmation #: 94728691

For those unable to participate, a web-based archive of the conference call will be available for playback at the same Audience URL used to access the live webcast. Also, an audio replay will be available from 12:30 p.m. Eastern Time on Monday , November 22, 2021, through Monday, December 13, 2021 . To access the replay, please call 1-888-390-0541 (North American toll free) or 1-416-764-8677 (local or international) and enter confirmation code 728691#.

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel ^TM , NetZero Cobalt ^TM , NetZero Iron ^TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com.

For further information, please contact:

Mark Selby
Chair and CEO
Phone: 647-256-1954
Email: info@canadanickel.com

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the potential of the Crawford Nickel Sulphide Project and the Properties, timing of economic studies and mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development results, and corporate and technical objectives. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation to the Company's business operations including upon its employees, suppliers, facilities and other stakeholders. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law.

Appendix

Table A – Collars

Hole ID	Property	Northing	Easting	Azimuth	Dip	Length
		(mN-NAD27)	(mE-NAD27)	(o)	(o)	(m)
SM56-K11	Sothman West	5,299,305.0	481,535.0	180	-60	148.4
SM67-B06	Sothman West	5,299,281.8	481,575.8	180	-45	101.8
DG50-S04	Sothman West	5,299,235.0	481,714.0	131	-45	107.9
DG51-S20	Sothman West	5,299,112.9	481,750.5	0	-48	111.0
DG50-S05	Sothman West	5,299,224.0	481,767.0	180	-45	82.0
SM71-01	Sothman West	5,299,404.0	481,638.0	180	-68	426.7
SM71-02	Sothman West	5,299,385.0	481,487.0	180	-63	366.7
SM67-B25	Sothman	5,299,144.5	482,936.8	207	-45	91.2
SM67-B26	Sothman	5,299,069.3	482,692.9	207	-45	120.1
SM67-B27	Sothman	5,299,007.8	482,659.2	200	-45	121.6
SM67-B28	Sothman	5,298,937.8	482,650.8	191	-45	107.9
DG51-S12	Sothman	5,298,954.6	482,617.8	180	-45	148.4
DG51-S09	Sothman	5,299,124.3	482,107.5	206	-44	229.8
DG53-S41A	Sothman	5,298,932.2	483,982.2	175	-55	83.8
FY-02-01	Deloro	5,361,223.0	480,883.0	270	-45	102.0
FY-02-02	Deloro	5,361,232.0	480,387.0	223	-40	472.0
FY-02-03	Deloro	5,360,750.0	481,376.0	180	-45	100.0
FY-02-04	Deloro	5,360,987.0	481,945.0	345	-45	147.0
FY-02-05	Deloro	5,361,019.0	482,117.0	343	-50	172.0
FY-02-06	Deloro	5,361,309.0	480,561.0	100	-45	301.0
FY-02-07	Deloro	5,361,678.0	481,022.0	70	-45	77.0
FY-02-08	Deloro	5,361,629.0	481,012.0	75	-45	77.0
FY-02-09	Deloro	5,361,564.0	480,990.0	82	-45	125.0
FY-02-10	Deloro	5,361,124.0	480,240.0	37	-45	135.0
FY-02-11	Deloro	5,361,216.0	480,192.0	22	-45	115.0
FY-02-12	Deloro	5,361,085.0	480,267.0	55	-45	272.0
FY-02-13	Deloro	5,361,161.0	480,224.0	60	-60	318.0
1A	Mann Central	5,410,706.6	498,457.0	180	-60	57.9
2A	Mann Central	5,410,850.6	498,694.2	180	-50	128.7
3A	Mann Central	5,410,906.2	498,782.2	180	-45	80.6
4A	Mann Central	5,410,641.2	498,291.4	180	-70	37.5
INCO-1	Mann Central	5,409,763.7	497,819.1	180	-45	162.5
M-1	Mann Central	5,410,084.4	497,893.6	360	-45	213.7
M-2	Mann Central	5,410,312.5	496,873.2	180	-45	214.9
M-3	Mann Central	5,410,447.3	496,891.5	180	-45	172.9
M-4	Mann Central	5,410,662.2	496,900.1	180	-45	213.1

Table A – Collars (continued)

Hole ID	Property	Northing	Easting	Azimuth	Dip	Length
M-5	Mann Central	5,410,675.8	496,672.5	180	-45	172.6
M-6	Mann Central	5,410,454.5	496,683.0	180	-45	128.1
M-7	Mann Central	5,410,788.5	495,884.3	180	-45	172.9
M-8	Mann Central	5,410,852.2	495,864.3	360	-45	172.0
MA4-1-76	Mann Central	5,410,846.5	499,368.3	180	-50	134.2
MA4-2-76	Mann Central	5,410,725.8	499,366.5	180	-50	123.2
MA5-1-76	Mann Central	5,410,722.7	498,551.2	180	-50	138.1
MA5-2-76	Mann Central	5,410,108.0	498,351.5	180	-50	123.2
MAN43-01	Mann Central	5,410,157.8	498,349.5	360	-45	188.0
MAN43-02	Mann Central	5,410,255.4	499,225.2	180	-45	113.0
MAN43-03	Mann Central	5,410,152.9	498,539.9	180	-45	158.0
MN87-3	Mann Central	5,410,577.1	498,394.2	360	-50	151.2
87-01	Mann NW	5,412,224.9	494,853.7	270	-65	41.2
87-02	Mann NW	5,412,225.6	494,853.7	270	-80	35.4
79-01	Mann NW	5,413,332.9	495,724.4	190	-55	133.5
91-01	Mann NW	5,411,924.9	494,887.1	120	-48	246.0
FHR01-02	Mann NW	5,412,461.5	495,870.1	215	-45	137.0
FHR02-02	Mann NW	5,412,192.5	495,873.8	215	-45	161.0
FHR03-02	Mann NW	5,413,542.5	496,596.6	215	-45	170.0
H-88-1	Mann NW	5,412,164.8	494,936.1	225	-50	64.0
H-88-2	Mann NW	5,412,162.3	494,936.1	225	-65	61.0
H-88-3	Mann NW	5,412,162.6	494,937.2	225	-40	60.7
M-01-1	Mann NW	5,412,280.0	494,630.5	70	-45	192.0
M-01-2	Mann NW	5,411,887.5	494,880.9	55	-45	251.0
M-01-3	Mann NW	5,412,117.0	494,683.2	280	-45	150.0
M-01-4	Mann NW	5,412,080.0	494,686.2	45	-45	102.0
M-01-5	Mann NW	5,412,164.0	494,771.6	240	-45	150.0
M-01-6	Mann NW	5,412,156.9	494,787.6	240	-70	150.0
M96-1	Mann NW	5,411,921.3	494,847.2	172	-65	245.0
MAN-01	Mann NW	5,412,235.0	495,567.8	215	-45	200.3
MAN07-01	Mann NW	5,412,468.0	494,789.0	280	-50	102.0
MAN07-02	Mann NW	5,412,251.0	494,872.0	240	-48	126.0
MAN07-03	Mann NW	5,412,319.1	494,754.0	270	-48	108.0
MAN07-04	Mann NW	5,412,369.0	494,848.0	240	-46	141.0
MAN08-05	Mann NW	5,412,251.0	494,872.0	240	-48	60.0
MAN08-06	Mann NW	5,412,251.0	494,872.0	0	-90	60.0
MAN08-07	Mann NW	5,412,251.0	494,872.0	300	-48	75.0
MAN52-02	Mann NW	5,412,507.4	496,491.1	180	-45	179.0
MAN-73-6	Mann NW	5,412,367.0	495,208.9	180	-50	167.6

Table A – Collars (continued)

Hole ID	Property	Northing	Easting	Azimuth	Dip	Length
MAN-73-6	Mann NW	5,412,358.5	494,887.8	180	-50	167.6
MAN-87-1	Mann NW	5,412,274.6	494,791.6	270	-65	41.2
MAN-87-1	Mann NW	5,412,375.5	494,775.7	270	-65	41.2
MAN-87-2	Mann NW	5,412,251.0	494,793.5	270	-80	35.4
MAN-87-2	Mann NW	5,412,356.1	494,776.2	270	-80	35.4
MAN-88-1	Mann NW	5,412,098.9	494,880.2	235	-50	64.0
MAN-88-1	Mann NW	5,412,077.5	494,846.5	235	-50	64.0
MAN-88-2	Mann NW	5,412,070.5	494,878.4	235	-65	61.0
MAN-88-2	Mann NW	5,412,044.5	494,842.1	235	-65	61.0
MAN-88-3	Mann NW	5,412,046.0	494,872.6	235	-40	60.7
MAN-88-3	Mann NW	5,412,015.5	494,843.9	235	-40	60.7
MAN-91-1	Mann NW	5,411,812.0	494,843.2	120	-48	246.0
MAN-91-1	Mann NW	5,411,815.5	494,866.9	120	-48	246.0
MAN-96-1	Mann NW	5,411,779.5	494,862.6	172	-65	279.8
MD-06-4	Mann NW	5,412,250.1	496,400.0	360	-50	260.0
73-01	Mann SE	5,407,714.3	503,532.3	273	-56	159.8
73-10	Mann SE	5,409,611.1	503,128.9	230	-54	125.0
73-02	Mann SE	5,407,421.6	503,682.0	273	-55	166.8
73-03	Mann SE	5,406,989.3	503,547.8	273	-50	152.1
73-04	Mann SE	5,408,652.6	502,940.7	183	-51	144.5
73-05	Mann SE	5,408,627.3	501,849.5	183	-50	109.5
73-06	Mann SE	5,408,961.4	501,738.5	183	-50	112.5
MAN35-01	Mann SE	5,408,387.8	503,614.6	220	-45	149.0
MAN45-01	Mann SE	5,409,991.9	501,335.1	180	-45	245.0
MAN45-02	Mann SE	5,409,950.4	501,605.7	180	-45	211.3
MAN52-01	Mann SE	5,406,451.4	502,850.9	360	-45	219.0
28482	Reaume	5,421,363.0	487,600.0	0	-50	248.0
28483	Reaume	5,422,007.0	488,260.0	270	-50	301.0
REA-45-04	Reaume	5,421,707.0	488,542.0	180	-50	368.0
REA-45-05	Reaume	5,421,932.0	488,576.0	180	-50	308.0
REA-45-06	Reaume	5,422,212.0	488,604.0	180	-50	320.0
REA-45-07	Reaume	5,422,398.0	488,610.0	180	-50	299.0
REA-45-08	Reaume	5,421,684.0	487,735.0	180	-50	199.4
DH-01	Reaume	5,422,601.0	488,298.0	0	-90	95.0
DH-02	Reaume	5,422,601.0	489,004.0	0	-90	103.6
REA-45-03	Reaume	5,422,190.0	488,903.0	180	-50	335.0
REA-46-01	Reaume	5,422,850.0	488,016.0	180	-50	419.4
R-78-1	Reaume	5,421,678.0	486,639.0	210	-45	49.7
LM08-01	Midlothian	5,303,260.0	499,195.0	180	-50	400.2

Table A – Collars (continued)

Hole ID	Property	Northing	Easting	Azimuth	Dip	Length
LL1	Midlothian	5,302,980.0	499,242.0	6	-45	165.8
LL2	Midlothian	5,302,870.0	499,192.0	6	-45	163.1
LL3	Midlothian	5,302,870.0	499,194.0	186	-45	160.0
A-121	Midlothian	5,302,910.0	498,866.0	187	-45	91.4
A-126	Midlothian	5,302,820.0	499,021.0	188	-45	152.7
501	Midlothian	5,302,620.0	501,288.0	25	-45	196.3
505	Midlothian	5,302,630.0	501,288.0	205	-45	82.0
506	Midlothian	5,302,590.0	501,369.0	25	-45	301.8
507	Midlothian	5,302,620.0	501,289.0	340	-45	280.7
A-131	Midlothian	5,302,520.0	500,429.0	183	-45	115.8
503	Midlothian	5,302,650.0	498,883.0	181	-45	121.9
504	Midlothian	5,302,660.0	498,883.0	1	-45	121.9
502	Midlothian	5,303,250.0	499,094.0	352	-45	146.6
MD-17-008	Midlothian	5,303,230.0	499,727.0	280	-50	38.0
MD-17-009	Midlothian	5,303,230.0	499,727.0	300	-50	38.0
MD-17-007	Midlothian	5,303,230.0	499,727.0	220	-50	67.0
MD-17-006	Midlothian	5,303,230.0	499,727.0	260	-55	38.0
MD-17-005	Midlothian	5,303,230.0	499,727.0	260	-89	53.0
MD-17-004	Midlothian	5,303,220.0	499,709.0	256	-49	19.9
MD-17-003	Midlothian	5,303,220.0	499,709.0	220	-84	35.0
MD-17-002	Midlothian	5,303,220.0	499,709.0	220	-45	29.0
MD-17-001	Midlothian	5,303,220.0	499,709.0	220	-60	29.0
LL6	Midlothian	5,303,020.0	499,770.0	185	-45	166.4
516	Midlothian	5,303,350.0	502,009.0	360	-45	137.2
515	Midlothian	5,303,350.0	502,014.0	0	-90	150.3
514	Midlothian	5,303,180.0	502,010.0	0	-90	154.5
LL7	Midlothian	5,302,990.0	498,825.0	187	-50	160.7
LL4	Midlothian	5,303,120.0	499,410.0	185	-45	164.6
LL5	Midlothian	5,303,020.0	499,030.0	187	-45	165.9
R-22	Reid	5,403,720.0	456,699.0	Grid W	-50	171.0
R-18	Reid	5,404,480.0	456,224.0	Grid E	-50	96.9
T67-1	Reid	5,405,400.0	456,745.0	35	-50	128.3
T67-2	Reid	5,405,510.0	456,709.0	210	-49	59.7
1-63	McCool	5,384,613.0	566,975.6	360	-85	122.0
2-63	McCool	5,383,250.0	566,050.3	35	-60	188.0
3-63	McCool	5,384,550.8	567,035.3	0	-90	150.9
1586-1	McCool	5,384,110.0	567,059.1	0	-90	33.8
D-1	McCool	5,383,880.8	567,597.7	54	-45	279.6

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SOURCE Canada Nickel Company Inc.

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Canada Nickel TSXV:CNC Nickel Investing

Nickel Investor Report

2024 Nickel Outlook Report

Five times the amount of nickel will be needed to meet global demand by 2050. Don't miss out on investing in a metal that is crucial to the EV revolution!

The Investing News Network spoke with analysts, market watchers and insiders to get the scoop on the trends and stocks that you need to watch to stay ahead of the markets in 2024.

A Sneak Peek At What The Insiders Are Saying

“Global nickel consumption is expected to increase due to recovery of the stainless steel sector and increased usage of nickel in EV batteries. Batteries now account for almost 17 percent of total nickel demand, behind stainless steel."

— Ewa Manthey, ING

"While LME nickel prices are expected to find support from a weaker US dollar in 2024 as the Federal Reserve eases monetary policy, we expect prices to remain subdued as further primary nickel output growth from Indonesia and China keeps the market in a surplus for the third consecutive year."

— Jason Sappor, S&P Global Commodity Insights.

Who We Are

The Investing News Network is a growing network of authoritative publications delivering independent, unbiased news and education for investors. We deliver knowledgeable, carefully curated coverage of a variety of markets including gold, cannabis, biotech and many others. This means you read nothing but the best from the entire world of investing advice, and never have to waste your valuable time doing hours, days or weeks of research yourself.

At the same time, not a single word of the content we choose for you is paid for by any company or investment advisor: We choose our content based solely on its informational and educational value to you, the investor.

So if you are looking for a way to diversify your portfolio amidst political and financial instability, this is the place to start. Right now.

Nickel and the Battery Boom in 2024

Nickel Price 2023 Year-End Review

Nickel Price Forecast: Top Trends That Will Impact Nickel in 2024

Nickel Price Update: Q1 2024 in Review

Top 3 Canadian Nickel Stocks

Nickel Price 2023 Year-End Review

Nickel soared to its highest price ever in 2022, breaking through US$100,000 per metric ton (MT).

2023 was a different story. As governments worked to combat inflation and investors faced considerable uncertainty, commodities saw a great deal of volatility. Nickel was no exception, especially in the first half of the year.

Ultimately the base metal couldn't hold onto 2022's momentum and has spent the last 12 months trending downward. Read on to learn what trends impacted the nickel sector in 2023, moving supply, demand and pricing.

How did nickel perform in 2023?

Nickel price from January 2, 2023, to December 29, 2023.

Nickel price from January 2, 2023, to December 29, 2023.

Chart via Trading Economics.

Nickel opened 2023 at US$31,238.53 on January 2, riding on the back of momentum that started in Q4 2022, and flirted with the US$31,000 mark again on January 30. As January closed, the metal began to retreat, and by March 22 nickel had reached a quarterly low of US$22,499.53. It made slight gains in April and May, but spent the rest of the year in decline, reaching a yearly low of US$15,843 on November 26. In the final month of the year, the nickel price largely fluctuated between US$16,000 and US$17,000 before closing the year at US$16,375, much lower than where it started.

Despite nickel's return to normal price levels, 2022's rise to more than US$100,000 made more headlines this past year. The substantial increase came after a short squeeze, and the London Metal Exchange (LME) was criticized by some market participants for halting trading and canceling US$12 billion in contracts.

In June 2023, Jane Street Global Trading and hedge fund Elliott Associates filed a lawsuit for US$472 million in compensation for the canceled trades, stating that the LME acted unlawfully. However, judgment came down in favor of the LME on November 29. Elliott Associates has been granted permission to appeal the decision, which it intends to do.

Indonesian supply growth weighs on nickel price

At the end of 2022, analysts were predicting that nickel would enter oversupply territory due to increased production, primarily from Indonesia and China. Speaking to the Investing News Network (INN) at the time, Ewa Manthy of ING commented, "We believe rising output in Indonesia will pressure nickel prices next year."

This prediction came true — production surpluses continued to be a theme in 2023, weighing on prices.

Indonesia continued its aggressive increase in nickel production, more than doubling the 771,000 MT it produced in 2020. A forecast from an Indonesian government official in early December indicates the country is on track to reach production in the 1.65 million to 1.75 million MT range, further adding to a growing supply glut.

In an email to INN, Jason Sappor of S&P Global Commodity Insights said nickel was the worst-performing metal in 2023 due to expanding supply. “We consequently expect the global primary nickel market surplus to expand to 221,000 MT in 2023. This would be the largest global primary nickel market surplus in 10 years, according to our estimates,” he said.

The reason for Indonesia's higher output in recent years is that the country has been working to gain greater value through the production chain, and in 2020 strictly regulated export of raw nickel ore. This decision forced refining and smelting initiatives in the country to ramp up rapidly and brought in foreign investment.

In H2, Indonesia's attempts to combat illegal mining led to delays in its mining output quota application system. While the country originally said it would begin to process applications again in 2024, lack of supply forced steel producers to purchase nickel ore from the Philippines to meet demand, and Indonesia ultimately issued temporary quotas for Q4.

Nickel demand hampered by weak Chinese recovery

Supply is only part of the problem for nickel. Coming into 2023, Manthy suggested demand would be impacted by China’s zero-COVID policy, which had been affecting the country's real estate sector. “China’s relaxation of its COVID policy would have a significant effect on the steel market, and by extension on the nickel market,” she said.

This idea was echoed by analysts at FocusEconomics, who noted, “The resilience of the Chinese economy and the country’s handling of new COVID-19 outbreaks are key factors to watch.”

While China ended its zero-COVID policy in December 2022, the year that followed was less than ideal for the country, with sharp declines in real estate sales and two major developers seeing continued troubles. In August, China Evergrande Group (HKEX:3333) filed for bankruptcy in the US, and at the end of October, Country Garden Holdings (OTC Pink:CTRYF,HKEX:2007) defaulted on its debt. Because the Chinese real estate sector is a major driver of steel demand, this has had a dramatic impact on nickel and is one of the primary causes for its price retreat.

There have also been wider implications for the Chinese economy. Deflation has been triggered in the country as its outsized property sector implodes, with downstream effects for the more than 50 million people employed in the construction industry. Some, including the International Monetary Fund and Japanese officials, have compared the situation in China to Japan in the 1990s, when that country’s housing bubble burst and created economic turmoil.

With uncertainty rife, China’s central bank still isn’t ready to begin cuts on its key five year loan prime interest rate, but it has been working to improve market liquidity to stimulate real estate sector growth. In aid of that, it cut the reserve requirement ratio by 25 basis points twice in 2023, lowering the amount of cash reserves banks have to keep on hand.

So far, these stimulus efforts haven’t had much effect on the real estate market, and its continued struggles have ensured that commodities attached to the sector, including nickel, are still trading at depressed prices. China has vowed to continue to work on its fiscal policy by removing purchasing restrictions on home buying and providing better access to funding for real estate developers.

EVs not boosting nickel price just yet

Nickel is one of many metals that has been labeled as critical to the transition to a low-carbon future. It’s essential as a cathode in the production of electric vehicle (EV) batteries, and when INN spoke to Rodney Hooper of RK Equity at the end of 2022, he noted that people were initially quite conservative on their estimates of EV sales.

However, that's now begun to change. “That’s all turned on its head now. EVs represent a big percentage of nickel demand, and they will continue to rise going forward," Hooper explained at the time.

While the EV outlook remains bright, the sector hasn’t grown fast enough to make up for declining steel sector demand for nickel. And with limited charging infrastructure, range concerns and the effects of higher-for-longer interest rates, EV sales slowed in 2023. The slowdown is welcome news for battery makers as it will allow them time to build out factories and further develop technology, but it’s not good for investors and producers of nickel looking for pricing gains.

Investor takeaway

2023 wasn’t a great year for nickel. It faced increasing supply against lowered demand from both the Chinese real estate sector and slower EV sales. The rebound in the Chinese economy that was hoped for after COVID-19 restrictions were removed never occurred, and instead it has regressed further, pushing into deflationary territory.

Nickel investors may feel a little stung at the close of the year, especially as uncertainty in the market persists.

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Additional information on Nickel stocks investing — FREE

Nickel Price Forecast: Top Trends That Will Impact Nickel in 2024

Nickel started 2023 high after a rally at the end of 2022, but supply and demand pressures saw the base metal's price decline throughout the year to close nearly 50 percent lower at US$16,375 per metric ton (MT).

Production has increased rapidly in recent years, and oversupply played a big role in nickel's 2023 price dynamics. Indonesia in particular has ramped up its output and now accounts for more than 50 percent of global nickel supply.

Excess supply was compounded by weak demand out of China, which has continued to struggle since ending its zero-COVID policy in January. China's central bank is now working to stimulate the economy to prevent runaway deflation.

What does 2024 have in store for nickel? The Investing News Network (INN) spoke to experts about what could happen to the metal in the next year in terms of supply, demand and price. Read on to learn their thoughts.

Experts call for another nickel surplus in 2024

Nickel is coming into the year with a holdover surplus from 2023. This glut has mainly come from an increase in Class 2, lower-purity nickel produced in Indonesia, but it's also been driven by an increase in the production of Class 1, higher-purity product from China. The former category, which includes nickel pig iron and ferronickel, is used in products such as steel, while the latter is necessary to create nickel sulfate and nickel cathodes for electric vehicles (EVs).

Against that backdrop of higher supply, both nickel products have also faced decreased demand.

The resulting oversupply concerns have been reflected in core metals markets, and Ewa Manthey, commodities strategist at ING, told INN that nickel has the largest short position of the six London Metal Exchange (LME) base metals.

“This buildup is making nickel vulnerable to violent price spikes should inventors unwind their short positions,” she said. This type of situation occurred in 2022, when the nickel price catapulted rapidly to over US$100,000 before the exchange canceled billions of dollars in trades and suspended nickel trading. The LME’s approach to the situation has been criticized, but was recently ruled lawful by London’s High Court of Justice.

The International Nickel Study Group (INSG), an intergovernmental body consisting of government and industry representatives, met in October to discuss the current state and outlook for the nickel market.

At the time, the group forecast that surplus conditions would continue into 2024, with oversupply reaching 239,000 MT on the back of increases in nickel pig iron output from Indonesia. Meanwhile, decreases in nickel pig iron production from China are expected to be offset by increases in nickel cathode and nickel sulfate production.

Even though the INSG expects demand to grow from 3.195 million MT in 2023 to 3.474 million MT in 2024, production is still anticipated to be higher, rising from from 3.417 million MT in 2023 to 3.713 million MT in 2024.

Chinese recovery needed to buoy nickel price

At the outset of 2023, experts thought Chinese demand for nickel would increase as the country ended its strict zero-COVID policy. China's construction industry is a key consumer of nickel, which is used to make stainless steel.

However, the recovery was slower than predicted, and demand from the real estate sector never materialized.

“China’s flagging recovery following COVID lockdowns has hurt the country’s construction sector and has weighed on demand for nickel this year,” Manthey explained to INN.

While the lack of recovery in China’s real estate sector negatively impacted nickel demand and pricing through 2023, according to Fitch Ratings’ China Property Developers Outlook 2024, the country has been targeting construction and development policy in higher-tier cities and injecting liquidity in the market. This has largely been a balancing act as it tries to stem deflation in its market and battles with inflation globally.

If China's efforts to provide real estate sector support are successful that could be a boon for the nickel price. But as 2024 begins, more economists are forecasting a continued downtrend in the Chinese economy.

Even so, the INSG's October forecast indicated that demand for stainless steel was set to grow in the second half of 2023, and the group was calling for further growth in 2024.

EV demand for nickel rising slowly but surely

While the Chinese real estate market is a key factor in nickel demand, it's not the only one.

The expanding EV sector is also a growing purchaser of nickel. “Global nickel consumption is expected to increase due to recovery of the stainless steel sector and increased usage of nickel in EV batteries,” Manthey said. “Batteries now account for almost 17 percent of total nickel demand, behind stainless steel.”

As a cathode material in EV batteries, nickel has become a critical component in the transition away from fossil fuels, which the expert anticipates will help its price in the future.

“The metal’s appeal to investors as a key green metal will support higher prices in the longer term,” she said.

While demand for battery-grade nickel is predicted to grow over the next few years as the metal is used in the prolific nickel-manganese-cobalt (NMC) cathodes, manufacturers and scientists have been working to find alternatives that don’t rely on nickel and cobalt due to environmental and human rights concerns, as well as the high costs of these cathodes.

Lithium-iron-phosphate (LFP) batteries have become a contender in recent years, growing in popularity in Asia and seeing uptake from major EV producers like Tesla (NASDAQ:TSLA), owing to their longer lifespans and lower production costs. However, because of their lower range, LFP batteries have low demand in regions such as North America, where the ability to drive long distances is an important factor in purchase decisions.

This means that for now, NMC batteries will remain an essential part of the EV landscape.

EV demand has also declined recently as the industry faces headwinds that have soured consumer interest, including charging infrastructure shortfalls, inconsistent supply chains and elevated interest rates. These factors are already starting to have an impact, with Ford (NYSE:F) and GM (NYSE:GM), among others, cutting production forecasts for 2024.

What will happen to the nickel price in 2024?

Following its near 50 percent drop in 2023, the nickel price is expected to be rangebound for most of 2024.

“While LME nickel prices are expected to find support from a weaker US dollar in 2024 as the Fed eases monetary policy, we expect prices to remain subdued next year as further primary nickel output growth from Indonesia and China keeps the market in a surplus for the third consecutive year,” said Jason Sappor of S&P Global Commodity Insights.

Manthey agreed that the price is likely to stay flat. “We see prices averaging US$16,600 in Q1, with prices gradually moving up to average US$17,000. We forecast an average of US$16,813 in 2024,” she said. Manthey also noted that nickel is set to remain elevated compared to average levels before the short squeeze in March 2022.

Sappor suggested that the nickel surplus and the metal's rangebound price may prompt producers to reduce their output. “Nickel prices have sunk deeper into the global production cost curve, raising the possibility that the market could be hit by price-supportive mine supply curtailments,” he said.

At this time there is no indication that producers will ease production next year, and Vale (NYSE:VALE), one of the world’s top nickel miners, is expecting its Indonesian subsidiary to produce slightly more versus 2023.

Investor takeaway

Much like the rest of the mining industry, nickel is being affected by broad macroeconomic forces in the post-COVID era. Higher interest rates are stymying investment across the mining industry, while also lowering demand for big-ticket items like real estate and cars, which help to drive demand for metals.

For nickel, this means another year of oversupply. A potential rebound in the Chinese real estate market and increased demand from upfront tax credits for EVs could shift its trajectory, but the headwinds in 2024 look to be strong.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Blackstone Minerals, Falcon Gold and FPX Nickel are clients of the Investing News Network. This article is not paid-for content.

The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Additional information on Nickel stocks investing — FREE

Nickel Price Update: Q1 2024 in Review

After a difficult 2023, Q1 saw a variety of factors affect the nickel price, including supply cuts from western producers.

At the start of the year, experts were predicting that nickel prices would be rangebound in 2024.

With the first quarter in the books, that story seems to largely be playing out. After opening the year at US$16,600 per metric ton (MT) on January 2, nickel was stable during January and February. However, March brought volatility to the sector, with strong gains pushing the base metal to a quarterly high of US$18,165 on March 13.

Nickel's price rise failed to hold, and it once again dropped below the US$17,000 mark by the end of the month. Ultimately, the metal fell to US$16,565 on March 28, resulting in a slight loss for the quarter.

Indonesian supply dampens nickel prices

Lackluster pricing in the nickel market is largely the result of the metal's ongoing oversupply position.

The largest factor is elevated production from Indonesia, which is the top producer of the metal by far. The country produced 1.8 million MT of nickel in 2023, according to the US Geological Survey, representing half of global supply.

Indonesia's output has climbed exponentially over the past decade, and has been exacerbated by government initiatives that placed strict limits on the export of raw materials to encourage investment in production and refinement.

In an email to the Investing News Network (INN), Exploration Insights Editor Joe Mazumdar wrote, “The growth in electric vehicle (EV) production and the escalating demand for nickel in batteries prompted the Indonesian government to mandate increased local refining and manufacturing capacity from companies operating in the country.”

Despite the lower quality of material coming from Indonesia, the investment was made to shore up supply lines for Chinese battery makers and was earmarked for EV production. However, EV demand has waned through 2023 and into 2024 due to high interest rates, range anxiety and charging capacity, increasing nickel stockpiles.

A report on the nickel market provided by Jason Sappor, senior analyst with the metals and mining research team at S&P Global Commodity Insights, shows that short positions began to accumulate through February and early March on speculation that Indonesian producers were cutting operating rates due to a lack of raw material from mines.

The lack of mined nickel, which helped push prices up, was caused by delays from a new government approval process for mining output quotas that was implemented by Indonesia in September 2023. The new system will allow mining companies to apply for approvals every three years instead of every year. However, the implementation has been slow, and faced further delays while the country went through general elections.

The nickel market found additional support on speculation that the US government was eyeing sanctions on nickel supply out of Russia. Base metals were ultimately not included in the late February sanctions, and prices for the metal began to decline through the end of March as Indonesian quota approvals accelerated.

Western nickel producers cut output on low prices

According to Macquarie Capital data provided by Mazumdar, 35 percent of nickel production is unprofitable at prices below US$18,000, with that number jumping to 75 percent at the US$15,000 level.

Mazumdar indicated that nickel pricing challenges have led to cuts from Australian producers like First Quantum Minerals (TSX:FM,OTC Pink:FQVLF) and Wyloo Metals, which both announced the suspension of their respective Ravensthorpe and Kambalda nickel-mining operations. Additionally, major Australian nickel producer BHP (ASX:BHP,NYSE:BHP,LSE:BHP) is considering cuts of its own.

Nickel price, Q1 2024.

Chart via the London Metal Exchange.

Meanwhile, the nickel industry in French territory New Caledonia is facing severe difficulties due to faltering prices.

The French government has been in talks with Glencore (LSE:GLEN,OTC Pink:GLCNF), Eramet (EPA:ERA) and raw materials trader Trafigura, which have significant stakes in nickel producers in the country, and has offered a 200 million euro bailout package for the nation's nickel industry. The French government set a March 28 deadline for New Caledonia to agree to its rescue package, but a decision had not yet been reached as of April 11.

Earlier this year, Glencore announced plans to shutter and search for a buyer for its New Caledonia-based Koniambo Nickel operation, which it said has yet to turn a profit and is unsustainable even with government assistance.

For its part, Trafigura has declined to contribute bailout capital for its 19 percent stake in Prony Resources Nouvelle-Caledonie and its Goro mine in the territory, which is forcing Prony to find a new investor before it will be able to secure government funding. On April 10, Eramet reached its own deal with France for its subsidiary SLN’s nickel operations in New Caledonia; the transaction will see the company extend financial guarantees to SLN.

The situation has exacerbated tensions over New Caledonia's independence from France, with opponents of the agreement arguing it risks the territory's sovereignty and that the mining companies aren’t contributing enough to bailing out the mines, which employ thousands. Reports on April 10 indicate that protests have turned violent.

While cuts from Australian and New Caledonian miners aren’t expected to shift the market away from its surplus position, Mazumdar expects it will help to maintain some price stability in the market.

“The most recent forecast projects demand (7 percent CAGR) will grow at a slower pace than supply (8 percent CAGR) over the next several years, which should generate more market surpluses,” he said.

Miners seek "green nickel" premium for western products

In an email to INN, Ewa Manthey, commodities strategist at financial services provider ING, suggested western nickel producers are in a challenging position, even as they make cuts to production.

“The recent supply curtailments also limit the supply alternatives to the dominance of Indonesia, where the majority of production is backed by Chinese investment. This comes at a time when the US and the EU are looking to reduce their dependence on third countries to access critical raw materials, including nickel,” she said.

This was affirmed by Mazumdar, who said the US is working to combat the situation through a series of subsidies designed to encourage western producers and aid in the development of new critical minerals projects.

“The US Inflation Reduction Act promotes via subsidies sourcing of critical minerals and EV parts from countries with which it has a free trade agreement or a bilateral agreement. Indonesia and China do not have free trade agreements with the US,” he said. Mazumdar went on to suggest that the biggest benefactors of this plan will be Australia and Canada, but noted that with prices remaining depressed, multibillion-dollar projects will struggle to get off the ground.

Western producer shope their material may eventually see a "green nickel" premium that plays into their focus on ESG. However, this idea hasn’t gained much traction. The London Metal Exchange (LME) believes the green nickel market is too small to warrant its own futures contract, and Mazumdar said much the same. “There is little evidence that a premium for ‘green nickel’ producers or developers has much momentum, although an operation with low carbon emissions may have a better chance of getting funding from institutional investors in western countries,” he noted.

Even though there might not be much interest in green nickel on the LME, there are vocal proponents, including Wyloo’s CEO, Luca Giacovazzi. He sees the premium as being essential for the industry, and has said participants should be looking for a new marketplace if the LME is unwilling to pursue a separate listing for green nickel.

The calls for a premium have largely come from western producers that incur higher labor and production costs to meet ESG initiatives, which is happening less amongst their counterparts in China, Indonesia and Russia.

Western producers were caught off guard early in March as PT CNGR Ding Xing New Energy, a joint venture between China’s CNGR Advanced Material (SHA:300919) and Indonesia’s Rigqueza International, applied to be listed as a “good delivery brand” on the LME. The designation would allow the company, which produces Class 1 nickel, to be recognized as meeting responsible sourcing guidelines set by the LME.

If it is approved, which is considered likely, the company would be the first Indonesian firm to be represented on the LME. There has been pushback from western miners on the basis of ESG and responsible resourcing challenges.

Investor takeaway

As the nickel market faces strong production from Indonesia, experts expect more of the same for prices.

“Looking ahead, we believe nickel prices are likely to remain under pressure, at least in the near term, amid a weak macro picture and a sustained market surplus,” Manthey said. The continued surplus may provide some opportunities for investors looking to get into a critical minerals play at a lower cost, but a reversal may take some time.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Additional information on Nickel stocks investing — FREE

Top 3 Canadian Nickel Stocks

Which Canadian nickel companies are up the most so far in 2024? The Investing News Network looks at the top-gaining nickel stocks this year.

Nickel has been trending down since early 2023, and bearish sentiment still pervades the market in 2024 even though prices for the base metal tacked upward in mid-March and early April.

Supply is expected to outflank demand over the short term, but the longer-term outlook for the metal is strong. Speaking to the Investing News Network (INN), analysts shared their thoughts on the biggest nickel trends to watch for in 2024, and what they think will affect the market moving forward. They discussed factors such as oversupply, weaker-than-expected demand from China and doubts about the London Metal Exchange after it suspended trading last year.

Demand from the electric vehicle industry is one reason nickel's future looks bright further into the future.

“Global nickel consumption is expected to increase due to recovery of the stainless steel sector and increased usage of nickel in electric vehicle batteries. Batteries now account for almost 17 percent of total nickel demand, behind stainless steel," Ewa Manthey, commodities strategist at financial services firm ING, told INN in the lead-up to 2024. “The metal’s appeal to investors as a key green metal will support higher prices in the longer term."

Below INN has listed the top nickel stocks on the TSXV by share price performance so far this year. TSX and CSE stocks were considered, but didn't make the cut. All year-to-date and share price data was obtained on April 3, 2024, using TradingView’s stock screener. The top nickel stocks listed had market caps above C$10 million at that time.

1. EV Nickel (TSXV:EVNI)

Press Releases Company Profile

Year-to-date gain: 106.67 percent; market cap: C$38.84 million; current share price: C$0.62

EV Nickel’s primary project is the 30,000 hectare Shaw Dome asset in Ontario. It includes the high-grade W4 deposit, which has a resource of 2 million metric tons at 0.98 percent nickel for 43.3 million pounds of Class 1 nickel across the measured, indicated and inferred categories. Shaw Dome also holds the large-scale CarLang A zone, which has a resource of 1 billion metric tons at 0.24 percent nickel for 5.3 billion pounds of Class 1 nickel across the indicated and inferred categories.

EV Nickel is also working on integrating carbon capture and storage technology for large-scale clean nickel production, and has procured funding from the Canadian government and Ontario's provincial government. In late 2023, the company announced it was moving its carbon capture research and development to the pilot plant stage.

The company's only news so far in 2024 has been the announcement, upsizing and closure of a flow-through financing. Ultimately EV Nickel raised C$5.12 million to fund the development of its high-grade large-scale nickel resources.

The Canadian nickel exploration company's share price started off the year at C$0.30 before steadily climbing to reach a year-to-date high of C$0.73 on March 3.

2. Canada Nickel (TSXV:CNC)

Press Releases Company Profile

Year-to-date gain: 15.2 percent; market cap: C$249.55 million; current share price: C$1.44

Canada Nickel Company has honed its efforts on its wholly owned flagship Crawford nickel sulfide project in Ontario’s productive Timmins Mining Camp. A bankable feasibility study for the asset demonstrates a large-scale nickel deposit with a mine life of 41 years, an after-tax net present value of US$2.5 billion and an internal rate of return of 17.1 percent. The company has said it is targeting both the electric vehicle and stainless steel markets.

A few big-name companies hold significant ownership positions in Canada Nickel, including Agnico Eagle Mines (TSX:AEM,NYSE:AEM), which holds an 11 percent stake, and Anglo American (LSE:AAL,OTCQX:AAUKF), which has a 7.6 percent stake. In February of this year, battery and electronic materials manufacturer Samsung SDI (KRX:006400) made an equity investment of US$18.5 million for an 8.7 percent ownership stake in the company.

Canada Nickel’s share price started 2024 at C$1.40 before jumping to a year-to-date high of C$2.24 on January 16.

In early February, the company shared that its wholly owned subsidiary, NetZero Metals, is planning to develop a nickel-processing facility and stainless steel and alloy production facility in the Timmins Nickel District. Canada Nickel’s share price had slid to C$1.35 on February 5 before rising up to C$1.46 on February 9 following the news.

Later in the month, Canada Nickel shared successful results from initial infill drilling at its 100 percent owned Bannockburn property, and announced a new discovery at the Mann property. Mann is a joint venture with Noble Mineral Exploration (TSXV:NOB,OTCQB:NLPXF) in which Canada Nickel can earn an 80 percent interest.

3. Sama Resources (TSXV:SME)

Press Releases Company Profile

Year-to-date gain: 10 percent; market cap: C$26.41 million; current share price: C$0.11

Sama Resources’ focus is the Samapleu nickel, copper and platinum-group metals (PGMs) project in Côte d’Ivoire, West Africa, which includes the Samapleu and Grata deposits. Samapleu is a joint venture between Sama (70 percent) and Ivanhoe Electric (30 percent); Ivanhoe Electric, which is backed by Robert Friedland, recently earned the option to acquire a 60 percent interest in the project with the completion of a new preliminary economic assessment.

In the first few weeks of the year, Sama has already dropped a few press releases. The company shared highlights from its ongoing 3,800 meter winter drilling program at the Yepleu prospect. Importantly, the work has confirmed that newly discovered nickel-copper-PGMs mineralization measures 500 by 400 meters, is near surface and open in all directions. Drill results from the program so far include hole S-349, which intersected 53 meters of combined mineralization layers grading 0.29 percent nickel, including 2.6 meters at 1.31 percent nickel and 0.95 percent copper.

Sama’s share price started off the year at C$0.11 before jumping to a year-to-date high of C$0.14 on February 12.

FAQs for nickel investing

How to invest in nickel?

There are a variety of ways to invest in nickel, but stocks and exchange-traded products are the most common. Nickel-focused companies can be found globally on various exchanges, and through the use of a broker or a service such as an app, investors can purchase companies and products that match their investing outlook.

Before buying a nickel stock, potential investors should take time to research the companies they’re considering; they should also decide how many shares will be purchased, and what price they are willing to pay. With many options on the market, it's critical to complete due diligence before making any investment decisions.

Nickel stocks like those mentioned above could be a good option for investors interested in the space. Experienced investors can also look at nickel futures.

What is nickel used for?

Nickel has a variety of applications. Its main use is an alloy material for products such as stainless steel, and it is also used for plating metals to reduce corrosion. It is used in coins as well, such as the 5 cent nickel in the US and Canada; the US nickel is made up of 25 percent nickel and 75 percent copper, while Canada's nickel has nickel plating that makes up 2 percent of its composition.

Nickel's up-and-coming use is in electric vehicles as a component of certain lithium-ion battery compositions, and it has gotten extra attention because of that purpose.

Where is nickel mined?

The world's top nickel-producing countries are primarily in Asia: Indonesia, the Philippines and New Caledonia make up the top three. Rounding out the top five are Russia and Canada. Indonesia's production stands far ahead of the rest of the pack, with 2023 output of 1.8 million MT compared to the Philippines' 400,000 MT and New Caledonia's 230,000 MT.

Significant nickel miners include Norilsk Nickel (OTC Pink:NILSY,MCX:GMKN), Nickel Asia, BHP Group (NYSE:BHP,ASX:BHP,LSE:BHP) and Glencore (LSE:GLEN,OTC Pink:GLCNF).

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Canada Nickel and Noble Mineral Exploration are clients of the Investing News Network. This article is not paid-for content.

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Canada Nickel Expands Timmins Nickel District - Acquires 13 Additional Highly Prospective Nickel Properties in Timmins Region

Canada Nickel Investor Kit

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Overview

Company Highlights

Key Project

Crawford Nickel-Sulphide Project

Management Team

Mark Selby - CEO

Wendy Kaufman – CFO

Steve Balch – VP Exploration

Pierre-Philippe Dupont – VP Sustainability

Desmond Tranquilla – VP Projects

Chris Chang – VP of Corporate Development

John Leddy – Senior Advisor Legal & Strategic Matters

Adam Schatzker – VP Corporate Development

David Smith – Chairman

Francisca Quinn – Director

Jennifer Morais – Director

Mike Cox – Director

Kulvir Singh Gill – Director

1. Indonesia

2. Philippines

3. New Caledonia

4. Russia

5. Canada

6. Australia

7. China

8. Brazil

9. United States

FAQs for nickel production

How is nickel mined and processed?

How bad is nickel mining for the environment?

2024 Nickel Outlook Report

Table of Contents:

A Sneak Peek At What The Insiders Are Saying

Who We Are

Nickel and the Battery Boom in 2024

Table of Contents

Nickel Price 2023 Year-End Review

How did nickel perform in 2023?

Indonesian supply growth weighs on nickel price

Nickel demand hampered by weak Chinese recovery

EVs not boosting nickel price just yet

Investor takeaway

Nickel Price Forecast: Top Trends That Will Impact Nickel in 2024

Experts call for another nickel surplus in 2024

Chinese recovery needed to buoy nickel price

EV demand for nickel rising slowly but surely

What will happen to the nickel price in 2024?

Investor takeaway

Nickel Price Update: Q1 2024 in Review

Indonesian supply dampens nickel prices

Western nickel producers cut output on low prices

Miners seek "green nickel" premium for western products

Investor takeaway

Top 3 Canadian Nickel Stocks

1. EV Nickel (TSXV:EVNI)

2. Canada Nickel (TSXV:CNC)

3. Sama Resources (TSXV:SME)

FAQs for nickel investing

How to invest in nickel?

What is nickel used for?

Where is nickel mined?

Overview

Company Highlights

Key Project

Decar Nickel District - Baptiste Project

Management Team

Martin Turenne - President, CEO and Director

Andrew Osterloh - Vice-president, Projects

Felicia de la Paz - Chief Financial Officer and Corporate Secretary

Dr. Peter M. D. Bradshaw - Chairman

Rob Pease - Director

William H. Myckatyn - Director

Peter Marshall - Director

James S. Gilbert, - Director

Anne Currie - Director

Kim Baird - Director

Dan Apai - Engineering Manager