American Copper Options Chuchi South and Chuchi West Properties to Pacific Ridge Exploration

2023-03-08 14:04:40 By : Ms. Kelly ZHU

American Copper Development Corporation (CSE: ACDX) (OTCQB: ACDXF) ("ACDX" or the "‎‎Company") is pleased to ‎announce that it has entered into a mineral property option agreement with Pacific Ridge Exploration Ltd. ("PEX") and Ronald Bilquist which amends and restates the original mineral property agreement between the Company and Mr. Bilquist dated February 10, 2020 (the "Mineral Property Agreement") whereby, among other things, Mr. Bilquist shall grant the Company and PEX the right to earn an interest in the Chuchi South Property, and the Company shall grant PEX the right to earn up to a 75% interest in the Chuchi West Property by expending $8 million.

Daniel Schieber comments: "Our Chuchi South and Chuchi West projects now complete the whole package for Pacific Ridge (PEX.V) - Blaine Monaghan CEO of PEX has done a great job getting his company fully funded and will be dedicating a more intense plan of exploration towards the entire Chuchi package. With our Chuchi South and West properties being part of a larger, well executed exploration play, we believe this to be the best way to add value for ACDX shareholders. Meanwhile, ACDX will continue to focus on exploring its 100% owned Lordsburg Copper project in New Mexico where we plan to drill later this month."

Under the Mineral Property Agreement, the Company and PEX are entitled to earn an interest in the Chuchi South Property, such that upon the Company and PEX collectively incurring at least $4,200,000 in exploration expenditures, paying $480,000 in cash to ‎Mr. Bilquist; and issuing 1,500,000 common shares ‎of the Company to Mr. Bilquist (of which, 500,000 common shares have been issued), then the Company and PEX shall have jointly acquired a one hundred percent (100%) interest in the Chuchi ‎South ‎Property, with the allocation of ownership interest ‎being fifty-one percent (51%) PEX and ‎forty-nine percent (49%) ACDX, subject to the rights of ‎Bilquist to receive a two ‎percent (2.0%) net smelter royalty‎.

Further, under the Mineral Property Agreement, the Company has granted PEX an option to acquire a fifty-one percent (51%) interest ‎in the Chuchi West Property, in consideration for PEX fulfilling specified earn-in requirements relating to the Chuchi South Property, and has granted PEX an additional option (the "Additional Interest Option") to increase its interest in ‎the Chuchi South Property and the Chuchi West Property (collectively, the "Properties"). To exercise the Additional Interest Option, PEX must issue the Company $250,000 worth of common shares of PEX, pay the Company ‎‎$150,000 in cash, and incur an additional $4,000,000 in Expenditures on the Properties‎. Upon the Company and PEX earning their 100% interest under the Chuchi South Option and the ‎Chuchi West Option, the Company and PEX shall grant Mr. Bilquist a two percent (2%) net ‎smelter royalty (the "Royalty") with respect to the mineral products from the Properties, with ‎such Royalty being subject to the Company and PEX's right to purchase such Royalty for ‎cancellation for a purchase price of $1,500,000‎.

In a related transaction to assemble the Properties for purposes of the Mineral Property Agreement, the Company has purchased the Chuchi West Property from an arm's length vendor for total consideration of 8,000,000 common shares of the Company (the "Consideration Shares") at an issuance price of $0.28 per Consideration Share.

The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration programs on the Lordsburg Property and the Chuchi South and West Properties.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, please contact:‎ Daniel Schieber Chief Executive Officer and Director Phone: (778) 372-9888 Email: invest@american-copper.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking information" under applicable Canadian ‎securities legislation. Forward-looking information involves risks, uncertainties, and other factors that could ‎cause actual results, performance, prospects, and opportunities to differ materially from those ‎expressed or implied by such forward-looking information. Forward-looking information is ‎necessarily based on a number of estimates and assumptions that, while considered reasonable, ‎are subject to known and unknown risks, uncertainties and other factors which may cause actual ‎results and future events to differ materially from those expressed or implied by such forward-‎looking information. Accordingly, the forward-looking information discussed in this release, may not ‎occur and could differ materially as a result of these known and unknown risk factors and ‎uncertainties affecting ACDX. Although ACDX believes that the assumptions and factors used in ‎preparing the forward-looking information are reasonable, undue reliance should not be placed on ‎this information, which only applies as of the date of this news release, and no assurance can be ‎given that such events will occur in the disclosed time frames or at all. Except where required by ‎law, ACDX disclaims any intention or obligation to update or revise any forward-looking ‎information, whether as a result of new information, future events, or otherwise.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157320

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American Copper Development Corp. (CSE:ACDX) is an exploration and development mining company poised to become a key player in U.S. domestic copper production, with a significant land package in a tier 1 jurisdiction. The company is led by a strong management team with decades of mining experience and exploration success, including Andy Bowering, founder of American Lithium (TSXV:LI) and former CEO of Prime Mining (TSXV:PRYM), and Rick Van Nieuwenhuyse, who has led notable companies in the mining industry, including Nova Gold (NYSE:NG), Contango Ore (NYSE:CTGO) and Trilogy Metals (NYSE:TMQ)

Copper is the non-critical metal that makes all other metals critical. It is important in leading the charge toward global electrification and net-zero agendas. Copper demand is expected to greatly exceed supply in the coming years, and as a result, copper prices are expected to increase steadily..

Domestic US copper production only satisfies 65 percent of its in-country demand, making it crucial to develop a new domestic source of copper within the US.

American Copper’s flagship Lordsburg Project has the potential to become a significant source of domestic copper to supply US demand.

The Lordsburg project is located in copper porphyry country in the American Southwest, where 80 percent of copper in the US comes from. It has the potential to become a world-class asset, with historical production of 150.3 million lbs of copper between 1904 to the 1970s. Yet, it has not been actively explored using modern technology and exploration techniques. Now, American Copper has the opportunity to capitalize on the asset’s porphyry targets associated with past high-grade copper production.

The company also owns the Chuchi South project in British Columbia, a project with significant potential for future exploration.

American Copper has the technical expertise to explore its past-producing copper porphyry district, thanks in part to the leadership of geologist Van Nieuwenhuyse, who is credited for Nova Gold’s 30 to 40-million-ounce gold resource in Alaska.

American Copper’s management team and company insiders hold one-third of the company’s shares. This level of ownership strongly indicates the team’s confidence in its ability to advance its promising assets. In addition the company is led by an experienced management team with experience in corporate administration, international finance and mining project development, including Van Nieuwenhuyse and Bowering.

The past-producing Lordsburg copper asset covers approximately 18,700 acres in New Mexico, including 100 patented claims, in a world-class high grade copper porphyry district. The asset has year-round road access from U.S. Interstate 10. Additionally, the asset can access existing power and water, minimizing future development costs. American Copper is presently preparing for Phase 1 exploration, which will move toward Phase 2 exploratory drilling by January 2023.

With more than 40 years of industry experience, Rick Van Nieuwenhuyse was appointed president and CEO of Contango Ore in 2020. He previously served as president and CEO of Trilogy Metals Inc. from January 2012 until December 2019. Between May 1999 and January 2012, he served as the president and CEO of Novagold, Inc, a company he founded. He served as the vice-president of exploration for Placer Dome from 1990 to 1997. Van Nieuwenhuyse holds a candidature degree in science from Université de Louvain, Belgium, and a master of science degree in geology from the University of Arizona. Van Nieuwenhuyse currently serves on the board of directors of Alexco Resource Corp and Solid Gold Inc.

Andy Bowering is a venture capitalist with 30 years of operational experience and leadership in mineral exploration and development metals from early exploration through to production. Bowering has held senior management positions in a variety of capacities. He has been responsible for the acquisition and sale of several assets and the raising of upwards of $250 million in development capital. He has operated and managed programs throughout North and South America and abroad. He is a founder, shareholder of Millennial Lithium Corp., and other publicly traded companies focused in the battery metals and precious metals space, including Prime Mining Corp.

Daniel Schieber established his career in metals and mining finance as an analyst for the Stabilitas Group of Funds in 2005. During this time, the fund grew from €3 million under management to €240 million, becoming the best performing gold/silver fund in Germany. In 2009, he co-founded Euroscandic International Group where he raised upwards of $350 million in project financing for specific development projects in the mining sector. In 2011 to 2015, he pivoted to Canadian-based farmland investments, where he became chief investment officer at Dynamis Capital Corp., which focuses on long-term, recession-proof investments with an emphasis on gold and silver.

Tom Peregoodoff has over 30 years of resource industry experience, much of it in greenfield and brownfield exploration and resource development. He is currently president, CEO and director of Apollo Silver Corp and a director at American West Minerals Ltd. Prior to this he was president & CEO of Peregrine Diamonds where he led the company from the resource development phase through to the eventual sale to DeBeers Canada in 2018. Prior to Peregrine, Peregoodoff spent 18 years in several positions with the mining multinational BHP, culminating in his role as vice-president of Early State Exploration, with global responsibility for all early-stage exploration across their commodity groups.

Curt Freeman is a U.S. certified professional geologist and a licensed geologist in the State of Alaska. Since forming Avalon Development in 1985, Freeman and his crews have conducted mineral exploration all over Alaska as well as in the Yukon, the western United States, Central America, South America, New Zealand and Africa. He has consulted for numerous major and junior mining companies and he and his team of professionals have been credited with a number of gold, copper, silver, nickel, platinum group and rare metal discoveries in Alaska and other parts of the world. He is currently director and founder of Tectonic Metals Inc.

Stuart Ross has had a distinguished career as a senior officer and director of several public companies, including companies listed on the NASDAQ and TSX Venture exchanges. His sector experience includes mining, beverage production and distribution, medical services, gaming and merchant banking, including 17 years as a senior officer and director of Clearly Canadian Beverage Corp (1986 to 2003). Most recently, Stuart was president and CEO of El Tigre Silver Corporation, a TSX Venture-listed silver exploration company (2007 to 2015).

Blaine Bailey is a CPA, CGA working with public and private companies over the past 20 years. Bailey brings complementary skills to the team in areas of finance, administration and financial reporting. Bailey is currently the CFO of GR Silver. Bailey received his bachelor of commerce (honors) from the University of Manitoba in 1977, and qualified for the CPA, CGA designation in British Columbia in 1983. Bailey has served as accountant for Molson Brewery B.C. Ltd. and controller for Nabob Coffee Co. with head offices in Zurich, Switzerland.

American Copper Development Corporation (CSE: ACDX) (OTCQB: ACDXF) ("ACDC" or the "‎‎Company") is pleased to announce that effective February 2, 2023, the Company's common shares will commence trading on the OTCQB Venture Market (the "OTCQB") in the United States, under the symbol "ACDXF". The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York and is the premiere marketplace for growth and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process.

Daniel Schieber, CEO of American Copper, comments, "America needs copper, a lot of copper in order to achieve its clean energy goals. It is only fitting for our US focused copper company to be open to the American investing public. So we welcome all our future ACDXF shareholders. For those about to invest - we salute you! Let's Rock!"

The Company is applying for DTC eligibility by The Depository Trust Company ("DTC"), a subsidiary of the Depository Trust & Clearing Corporation ("DTCC") and will provide an update once the application has been approved.

American Copper's shares will continue to trade on the Canadian Securities Exchange ("CSE") under the symbol "ACDX".

Information relating to American Copper as well as Real-Time level 2 quotes for the Company will be available on www.otcmarkets.com. The Company also files various documents with the Canadian Securities Administrators under American Copper's profile on SEDAR at www.sedar.com, a number of which filings and other information regarding the Company can additionally be found at www.american-copper.com.

The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Lordsburg Property and the Chuchi South Property.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, please contact:‎ Daniel Schieber Chief Executive Officer and Director Phone: (778) 372-9888 Email: invest@american-copper.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking ‎information" under applicable Canadian securities legislation. ‎Forward-looking information involves risks, uncertainties, and other factors that could cause ‎actual results, performance, prospects, and opportunities to differ materially from those ‎expressed or implied by such forward-looking information. Forward-looking information is necessarily based on a number of estimates and ‎assumptions that, while considered reasonable, are subject to known and unknown risks, ‎uncertainties and other factors which may cause actual results and future events to differ ‎materially from those expressed or implied by such forward-looking information. ‎Accordingly, the forward-looking information discussed in this release, may not occur and ‎could differ materially as a result of these known and unknown risk factors and uncertainties ‎affecting ACDC. Although ACDC believes that the assumptions and factors used in ‎preparing the forward-looking information are reasonable, undue reliance should not be placed ‎on this information, which only applies as of the date of this news release, and no assurance can ‎be given that such events will occur in the disclosed time frames or at all. Except where ‎required by law, ACDC disclaims any intention or obligation to update or revise any forward-‎looking information, whether as a result of new information, future events, or otherwise.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153339

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American Copper Development Corporation (CSE: ACDX) ("ACDC" or the "‎‎Company") announces the appointment of Mr. Tom Peregoodoff as Director, effective November 1st, 2022.

Rick Van Nieuwenhuyse, Chairman of the board, comments: "We are thrilled to have Tom and his vast technical and executive experience join our board. Tom's experience includes value-add roles with Pretium (sold to Newcrest in 2022), BHP, Peregrine Diamonds (sold to DeBeers Canada in 2018) and Apollo Silver."

Mr. Peregoodoff has 30+ years industry leadership experience through all stages of exploration. He was previously VP of Early Stage Exploration at BHP and CEO at Peregrine Diamonds. Currently Mr. Peregoodoff is CEO of Apollo Silver and a board member and independent director of American West Metals Limited.

Tom Peregoodoff replaces James Walchuck as a member of the board. The Company thanks Mr. Walchuck for his contributions.

The Company is conducting its fall and winter exploration program on the high gradepast producing Copper District Property "Lordsburg" in New Mexico.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, please contact:‎

Daniel Schieber Chief Executive Officer and Director Phone: (778) 372-9888 Email: invest@american-copper.com Website: https://american-copper.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking ‎information" under applicable Canadian securities legislation. ‎Forward-looking information involves risks, uncertainties, and other factors that could cause ‎actual results, performance, prospects, and opportunities to differ materially from those ‎expressed or implied by such forward-looking information. Forward-looking information is necessarily based on a number of estimates and ‎assumptions that, while considered reasonable, are subject to known and unknown risks, ‎uncertainties and other factors which may cause actual results and future events to differ ‎materially from those expressed or implied by such forward-looking information. ‎Accordingly, the forward-looking information discussed in this release, may not occur and ‎could differ materially as a result of these known and unknown risk factors and uncertainties ‎affecting ACDC. Although ACDC believes that the assumptions and factors used in ‎preparing the forward-looking information are reasonable, undue reliance should not be placed ‎on this information, which only applies as of the date of this news release, and no assurance can ‎be given that such events will occur in the disclosed time frames or at all. Except where ‎required by law, ACDC disclaims any intention or obligation to update or revise any forward-‎looking information, whether as a result of new information, future events, or otherwise.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142913

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American Copper Development Corporation (CSE: ACDX) ("ACDC" or the "‎‎Company") reports that, pursuant to the Company's 2021 Incentive Stock Option Plan, the Company has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase up to 4,200,000 common shares in the capital stock of the Company. The options are exercisable on or before September 9, 2027 at a price of $0.25 per share.

The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Lordsburg Property and the Chuchi South Property.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, please contact:‎ Daniel Schieber Chief Executive Officer and Director Phone: (778) 372-9888 Email: invest@american-copper.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking ‎information" under applicable Canadian securities legislation. ‎Forward-looking information involves risks, uncertainties, and other factors that could cause ‎actual results, performance, prospects, and opportunities to differ materially from those ‎expressed or implied by such forward-looking information. Forward-looking information is necessarily based on a number of estimates and ‎assumptions that, while considered reasonable, are subject to known and unknown risks, ‎uncertainties and other factors which may cause actual results and future events to differ ‎materially from those expressed or implied by such forward-looking information. ‎Accordingly, the forward-looking information discussed in this release, may not occur and ‎could differ materially as a result of these known and unknown risk factors and uncertainties ‎affecting ACDC. Although ACDC believes that the assumptions and factors used in ‎preparing the forward-looking information are reasonable, undue reliance should not be placed ‎on this information, which only applies as of the date of this news release, and no assurance can ‎be given that such events will occur in the disclosed time frames or at all. Except where ‎required by law, ACDC disclaims any intention or obligation to update or revise any forward-‎looking information, whether as a result of new information, future events, or otherwise.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136738

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ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX: AAB) announces that it has sold 5,663,000 common shares of Xander Resources Inc. (" Xander ") ( TSXV: XND ) on March 6, 2023, which has resulted in Aberdeen's ownership being reduced by 4.8% to less than 10% of the outstanding Xander common shares and Aberdeen ceasing to be an insider of Xander.

The Company reviews its holdings from time to time and may increase or decrease its position as future circumstances may dictate.

This news release is being issued in accordance with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated March 7, 2023. The early warning report respecting the occurrence giving rise to this filing has been filed on System for Electronic Document Analysis and Review (" SEDAR ") at www.sedar.com under Xander's issuer profile.

Aberdeen International is a global resource investment company and merchant bank focused on small capitalization companies in the rare metals and renewable energy sectors.

For additional information, please visit our website at www.aberdeen.green

For further information, please contact:

Martin Schuermann Chief Executive Officer Aberdeen International Inc. Martin.Schuermann@aberdeen.green (416) 861-2267

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the investment portfolio of the Company; the renewable energy and natural resources sectors and the Company's future plans. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.aberdeen.green. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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Canada Nickel Company Inc. ("Canada Nickel" or the "Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce that, further to the closing of the Company's C$44.0 million public offering and concurrent private placement on March 2, 2023 (collectively, the " Offering "), the syndicate of underwriters led by Scotiabank, as lead underwriter and sole bookrunner, and including Red Cloud Securities Inc., Cormark Securities Inc., Echelon Wealth Partners Inc., Haywood Securities Inc., and Research Capital Corporation (collectively, the " Underwriters "), have partially exercised their over-allotment option to purchase an additional 950,000 common shares of the Company (the " Common Shares ") at a price of C$1.77 per Common Share for aggregate gross proceeds of approximately C$1.7 million (the " Over-Allotment Option ").

The Underwriters received an aggregate cash commission of 6.0% of the gross proceeds raised from the sale of the Common Shares in connection under the Over-Allotment Option.

The net proceeds raised under the Offering, including the net proceeds raised from the sale of the Common Shares under the Over-Allotment Option, will be used primarily for the exploration and advancement of the Company's Crawford Nickel Project, repayment of the Auramet loan facility (made on March 3, 2023 ) and for general working capital purposes. The Offering remains subject to the final acceptance of the TSX Venture Exchange.

The securities offered in the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Canada Nickel 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 has successfully registered and applied for trademarks in various jurisdictions for NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ 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 and cobalt 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. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward looking information includes, but is not limited to, the use of proceeds of the Offering and the Over-Allotment Option; the timing and ability of the Company, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; the ability of the Company to advance the Crawford Nickel-Cobalt Sulphide Project; and statements regarding exploration results and exploration plans. Forward-looking information is necessarily based upon a number of 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 as a result of new information, future events or otherwise, except as required by law.

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

SOURCE Canada Nickel Company Inc.

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1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces, further to its news release of March 6, 2023 (the "March 6th News Release"), that the Company's option agreement (the "Option Agreement") with Nickel North Exploration Corp: ("NNX") is an arm's length transaction and no finder's fees are payable in connection with the Option Agreement.

The completion of the transaction is subject to several conditions, including, but not limited to, the approval of the TSX Venture Exchange and all other necessary approvals including shareholder approval by NNX shareholders for the Fourth and Fifth Options (as such terms as defined in the March 6th News Release). Pursuant to the terms of the Option Agreement, NNX is required to receive lock-up and support agreements from shareholders holding not less than 60% of NNX's common shares. Additional information on the transaction will be provided in a subsequent news release.

About 1844 Resources Inc: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions of Quebec With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new deposits.

(signed) "Sylvain Laberge"

Sylvain Laberge President and CEO 514.702.9841 Slaberge@1844 Resources.com

This press release contains statements which, other than statements of historical fact constitute "forward-looking statements" within the meaning of applicable securities laws. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. This press release contains forward-looking statements, such as statements relating to the incurrence of exploration expenditures, the Options and approval of the Option Agreement by the Exchange. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual information form for the year ended April 30, 2021, available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. 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 statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

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StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") has announced that it has added high-grade graphite to its energy transition metals discovery portfolio at Nagvaak. The Company conducted a preliminary characterization of the high-grade graphite drill core intersections, which provides encouraging results for high purity, jumbo flake graphite mineralization that was easily isolated with simple water separation. "We are excited to add graphite to our energy transition metals portfolio," stated Darren Bahrey, CEO of StrategX. Mr. Bahrey added, "Our exploration team is putting the Melville Peninsula on the map as a major new prospective region to discover critical minerals for the global energy transition."

The graphite potential identified in surface grab samples and a past petrographic study substantiates the findings. The graphite zones are also considered one of the host rocks for nickel, vanadium, molybdenum, zinc, copper, and silver mineralization at its Nagvaak property (refer to news releases on Dec. 7, 2022, and Feb. 14, 2023).

The importance of Graphite in the Energy Transition

The significance of graphite in the energy transition is enormous, as the anode of lithium-ion batteries for electric cars will drive the demand in the future, with an expected annual supply deficit reaching up to 8 million tonnes by 2040. Benchmark Minerals Intelligence estimates that approximately 97 new natural graphite mines need to come online by 2035. Graphite represents the largest component of the batteries, and there is no current replacement for graphite in the anode. In addition to the grade and size of deposits, graphite quality is important. Specifically, flake size, shape and purity are key determinants for value per tonne and ease of processing.

High-Grade Graphite Identified at Nagvaak

Based on field observations of the graphite zones identified in the drill core, samples were analyzed for graphitic carbon (Cg) content. The results returned significant intervals of high-grade Cg values. Large flake graphite was identified in the drill core during the 2022 program, and a petrographic study was completed on surface grab samples, which supports a large, high-quality graphite flake at Nagvaak.

Composite samples taken from DDH#1 and DDH#14 drill intersections returned 22.2% Cg over 8 metres and 21.2% Cg over 4 metres, respectively. By using a simple water separation process, the modal abundance of all minerals indicates a high purity of up to 95.83% Cg. QEMSCAN identified jumbo flake graphite up to 425 microns (see Figure 3), and flake distribution in terms of particle count shows graphite flakes are close to the ideal hexagonal shape. Surface sampling and geophysical signatures indicate potential multiple horizons of graphite occurring along the 6 km mineralized corridor.

StrategX believes more tests will show that it checks all the boxes for high-quality flake graphite, with known multiple graphite horizons identified at the surface and depth in the established target areas. The Company's next steps are to further evaluate the quality of the graphite in additional surface and drill core samples and determine the extent and dimensions of graphite mineralization at Nagvaak.

TABLE 1 - Summary of Graphite Results from Drill Hole Sampling

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Figure 1- Location of DDHs (click the image for an enlarged view)

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Figure 2 - Plan View of drill hole locations and grab samples at Nagvaak Project (click the map for an enlarged view)

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Figure 3 – Jumbo Graphite flakes identified in DDH#1 (19.80m) included in Composite Sample #1 of the QEMSCAN Study. (click the image for an enlarged view)

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Figure 4 - Surface Sample 21M108 Randomly oriented lamellae of graphite (gr) define an irregular cluster within the quartz. Plane-polarized transmitted light. (click the image for an enlarged view)

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StrategX contracted Saskatchewan Research Council (SRC) to conduct a QEMSCAN study on drill core intersections from DDH#1 and DDH#14 high-grade zones that returned 22.2% Cg over 8 metres and 21.2% Cg over 4 metres, respectively. The two composite samples are effectively identical in terms of graphite flake shape and size, with graphite purity of over 90%. The preceding analyses and conclusions are based on graphite flakes recovered using a rudimentary water separation sample preparation technique using QEMSCAN. Additional work on these samples is recommended, including determining the coarse liberation size of graphite flakes and methods for properly recovering larger graphite flakes without excessive crushing.

Figure 5 - Distribution of graphite flake shape vs particle count

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Figure 6 - Graphite Flake Purity categorized in 10% increments

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The geological and technical data contained in this news release about the Nagvaak Project was reviewed and approved by Gary Wong, P. Eng., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

StrategX is a Canadian-based exploration company focused on discovering energy transition metals in northern Canada. The Company has a property portfolio of 5 stand-alone projects situated on the East Arm of the Great Slave Lake, Northwest Territories and the Melville Peninsula, Nunavut. This first-mover advantage in underexplored regions presents a unique opportunity for investors to be part of multiple discoveries and the development of new districts for metals essential for the transition to green energy. StrategX's mission is to make a significant contribution to the sustainable energy economy through its exploration activities. Join StrategX as they lead the way toward a greener tomorrow. Click hereto check out a 30-second video clip on StrategX.

On Behalf of the Board of Directors

Darren G. Bahrey CEO, President & Director

For further information, please contact:

StrategX Elements Corp. Email: info@strategXcorp.com Phone: +1 778-231-2767

Neither the Canadian Securities Exchange nor its regulation services accept responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements which are not composed of historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include estimates and statements that describe the Company's plans, objectives, or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company does not assure that actual results will meet management's expectations. Several important factors could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, availability and costs of financing needed in the future, changes in equity markets, delays in the development of projects, and the ability to predict or counteract the potential impact of COVID-19 coronavirus on factors relevant to the Company's business. Although the Company has tried to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be correct as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED BY APPLICABLE LAWS.

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Trailbreaker Resources Ltd. (TBK.V) ("Trailbreaker" or "the Company") today announces that the Company has received approval from the TSX Venture Exchange (the "Exchange") to close its previously announced (see news release March 1, 2023) non-brokered private placement of flow-through and non-flow through units (the "Private Placement") for combined aggregate gross proceeds of $809,120.

The Company will now issue 4,216,000 flow-through units ("FT Unit") at a price of $0.12 per FT Unit, for gross proceeds of $505,920, each FT Unit consisting of one (1) flow-through common share and one (1) common share purchase warrant, each warrant being exercisable for an additional common share of the Company at a price of $0.15 for 36 months following the date of issuance, subject to the right of the Company to accelerate the exercise period to 30 days if, following the expiry of the 4-month hold, shares of the Company close at or above $0.25 for 10 consecutive trading days. The flow-through shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).

The Company will also now issue 3,032,000 non-flow through units ("NFT Unit") at a price of $0.10 per NFT Unit for aggregate gross proceeds of $303,200, each NFT Unit consisting of one (1) common share and one (1) common share purchase warrant, each warrant being exercisable for an additional common share of the Company at a price of $0.15 for 36 months following the date of issuance, subject to the right of the Company to accelerate the exercise period to 30 days if, following the expiry of the 4-month hold, shares of the Company close at or above $0.25 for 10 consecutive trading days.

In connection with the Private Placement, the Company is is paying cash finders' fees totalling $7,860 and issuing 72,000 broker warrants, such broker warrants being exercisable at $0.15 for 36 months. All securities issued pursuant to the Private Placement are subject to a four month and one day hold period. The Private Placement is subject to approval by the TSX Venture Exchange.

Druid Exploration Inc., a company fully owned by the CEO and President of Trailbreaker, has participated in the Financing for 300,000 Flow-Through Units ($36,000), that portion of the Financing a "related party transaction" as such term is defined under MI 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company's market capitalization.

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") on or before December 31, 2024, and to renounce all the Qualifying Expenditures in favour of the subscribers of the FT Units effective December 31, 2023.

The proceeds of the Private Placement will be used to advance the Company's various exploration projects, and for working capital purposes.

ON BEHALF OF THE BOARD

Daithi Mac Gearailt President and Chief Executive Officer

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

Trailbreaker Resources Ltd. 650 W. Georgia Street, #2110 Vancouver, British Columbia Canada, V6B 4N8

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Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced assay results from the first twelve holes of its initial drill program at the Texmont property that confirm high grade, near-surface nickel mineralization. Texmont is located 36 kilometres south of Timmins .

The Company has drilled a total of 39 holes and 9,670 metres, completing its initial phase to support the development of a mineral resource at Texmont expected to be delivered later this year.

Mark Selby , Chair & CEO of Canada Nickel Company, said, "We are excited by the results of our initial phase of drilling and assay results at Texmont which confirm our thesis of near-surface, high grade intervals of nickel that is present within thick mineralized sections, which support the potential for near-term, smaller scale, open pit production.  This near-term production potential is highly complementary to our large-scale Crawford and regional nickel sulphide project."

The Texmont Property is located 36 kilometres south of Timmins . It is considered to be a komatiite flow rather than a dunite sill with sections of highly mineralized peridotite and dimensions approximately 1.2 kilometres long by up to 150 metres wide (see Figure 1).

Canada Nickel has drilled 39 drill holes to date, 34 of which targeted the known mineralization and five of which targeted a possible north extension (Figure 2).   This news release contains the assay results from the first 12 holes totaling 3,204 metres (see Tables 1,2). Historic drilling confirms the mineralization pinches out to the south but remains open to the north and at depth. Further drilling to the north of the former mine shaft intersected thick sections of mineralized peridotite but assay results are not yet available.  This drilling is expected to be incorporated, along with historic drilling by Fletcher Nickel (which drilled 28,883 metres from 2006-2008) into an initial resource estimate to be released later this year.

Table 1: Texmont exploration drilling results high grade highlights

Table 2: Texmont exploration drilling results - downhole average

TEX22-01 was collared directly over komatiite, and intersected a thick sequence of mineralized peridotite, ending in strongly serpentinized dunite, with minor dykes encountered near the top of the hole. The hole averaged 0.29% Ni over 240.7 metres, including a higher-grade section of 0.52% Ni over 22.1 metres (see Table 3 for all high grade composites, and Table 4 for whole mineralized lengths).

TEX22-02 was collared 100 metres northeast of TEX22-01 and intersected mineralized komatiite 6 metres below surface, intersecting mineralized peridotite for a length of 120.0 metres until encountering gabbro at the lower contact. The hole averaged 0.34% nickel over 120.0 metres, including 0.55% nickel over 45.7 metres from 10.5 metres downhole.

TEX22-03 was collared with an east azimuth 20 metres southwest of the existing mining shaft and intersected mineralized peridotite from 1.8 meters to the end of hole at 150.0 metres. The hole averaged 0.40% nickel over 148.2 metres, including 1.22% nickel and 0.18 g/t Pt+Pd over 21.0 metres.

TEX22-04 was collared within the hanging wall intersecting mafic volcanics and then gabbro before encountering mineralized peridotite. The mineralized peridotite averaged 0.31% Ni over 200.2 metres, including 0.56% Ni over 34.2 metres. The hole intersected the footwall, ending in mafic volcanics and giving a good indication of the overall thickness of the mineralized ultramafics.

TEX22-05 was collared in hanging wall mafic volcanics and was aimed to cut across the strike length of the mineralized komatiite. The hole intersected 362.8 metres of peridotite averaging 0.18% Ni over 362.8 metres, including 42.0 metres of 0.41% nickel. A few minor dykes were encountered within the hole.

TEX22-06 was drilled 100 m southeast of TEX22-03 in komatiite and intersected mineralized peridotite, with minor intersections of late dykes. The hole averaged 0.24% nickel over 285.8 metres, including a high-grade section of 1.45% nickel and 0.28 g/t Pt+Pd over 12.0 metres.

TEX22-07 was collared 100 southeast of TEX22-03, intersecting komatiite followed by a moderate to strongly mineralized peridotite, interrupted by minor diabase dykes. The hole averaged 0.24% Ni over 294.0 metres including 0.33% Ni over 100.2 metres and 0.41% Ni over 43.5 metres.

TEX22-08 was collared 50 metres south of TEX22-07 and drilled to the west. The hole started in komatiite and continued into peridotite, ending in peridotite. The hole averaged 0.22% Ni over 272.7 metres including 0.31% Ni over 100.2 metres.

TEX22-09 was collared at the same location as TEX22-08 but at a steeper dip (-70 o versus -50 o ). The hole started in komatiite and continued into peridotite, ending in peridotite. Mineralization averaged 0.20% Ni over 243.0 metres, including 0.28% Ni over 64.5 metres and 0.35% Ni over 49.3 metres.

TEX22-10 was collared 50 metres south of TEX22-08 and intersected a thick section of mineralized peridotite interrupted by a minor sliver of metasedimentary rocks. The hole averaged 0.18% Ni over 247.5 metres including 0.24% over 75.0 metres.

TEX22-11 was collared at the same location as TEX22-10 but drilled at a steeper angle. The hole intersected two sections of mineralized peridotite, 0.28% Ni over 216.2 metres and 66.9 metres of 0.25% Ni, with the intervals separated by metasedimentary rocks. The upper mineralized interval included a higher-grade section of 129.8 metres of 0.37% and 19.5 metres of 0.96% Ni.

TEX22-12 was collared 50 metres south of TEX22-10 and intersected 2 sections of mineralized peridotite separated by metasediments, the upper section averaging 0.23% Ni over 79.5 metres, and the lower section averaging 0.21% Ni over 47.0 metres.

Assays, Quality Assurance/Quality Control and Drilling and Assay

Edwin Escarraga , MSc, P.Geo., a "qualified person" as defined by National Instrument 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the core logging facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby or SGS Callao ( Peru ). All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold, platinum, and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are inserted at a rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis.

Qualified Person and Data Verification

Stephen J. Balch P.Geo . (ON), VP Exploration of Canada Nickel and a "qualified person" as 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.

The magnetic images shown in this press release were created from Canada Nickel's interpretation of datasets provided by the Ontario Geological Survey.

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.

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SOURCE Canada Nickel Company Inc.

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