Canada Nickel Announces Significant Initial Resource Estimates at Mann Central and Texmont Properties
TORONTO, ON – July 15, 2025 – Canada Nickel Company Inc. (TSXV: CNC) (OTCQX: CNIKF) today announced a major milestone in its exploration program with the release of initial resource estimates for its Mann Central and Texmont nickel deposits, located in the Thunder Bay district of Ontario. These estimates highlight substantial new nickel-sulphide mineralization, further bolstering the company’s position as a significant player in the global nickel market.
The Mann Central deposit, situated approximately 30 kilometers west of Thunder Bay, has been independently estimated to contain an initial indicated resource of 54 million tonnes grading 0.58% nickel equivalent (Ni Eq) and an inferred resource of 18 million tonnes grading 0.56% Ni Eq. This resource is primarily hosted within the Huronian formation and represents a promising new discovery for the company.
Complementing this, the Texmont deposit, located about 55 kilometers north of Thunder Bay, has been estimated to contain an initial indicated resource of 21 million tonnes grading 0.58% Ni Eq, along with an inferred resource of 9 million tonnes grading 0.55% Ni Eq. Texmont is also situated within the Huronian formation, and the company is optimistic about the potential for further expansion of this deposit.
“We are extremely pleased to report these initial resource estimates for Mann Central and Texmont,” said John D. Wiebe, President and CEO of Canada Nickel. “These deposits demonstrate the significant potential of the Huronian formation to host substantial nickel-sulphide mineralization. The geological setting and the grade of these deposits are highly encouraging, and we believe they represent valuable additions to our portfolio.”
The company’s exploration efforts have been focused on understanding the full scope of the nickel-sulphide potential within its landholdings. The successful delineation of these initial resources at Mann Central and Texmont is a direct result of the company’s systematic approach to exploration, utilizing advanced geological modeling and drilling techniques.
Canada Nickel is committed to advancing its projects through robust technical studies and believes these new resource estimates will play a crucial role in future development decisions. The company anticipates undertaking further drilling and metallurgical studies to refine these estimates and to assess the economic viability of these deposits.
The company’s strategic focus remains on developing a sustainable and responsible nickel supply chain, essential for the burgeoning electric vehicle and renewable energy sectors. These new discoveries align with Canada Nickel’s vision of contributing significantly to the green energy transition.
Further details regarding the resource estimates, including the methodology and assumptions used in their calculation, are available in the company’s press release and the accompanying technical reports, which will be filed on SEDAR+ and the company’s website. Canada Nickel Company Inc. looks forward to continued progress and delivering value to its stakeholders.
Canada Nickel Announces Initial Resources at Mann Central and Texmont
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