Canada Nickel Closes Previously Announced Definitive Agreement for Creation of 'ExploreCo' with Spin-out of Eastern Exploration Properties

Canada Nickel Company Inc. has announced that, further to its news releases on July 8, 2024 and January 7, 2025, on February 21, 2025 it closed the previously announced definitive agreement with Noble Mineral Exploration Inc. ("Noble") for the consolidation of the Canada Nickel-Noble joint venture in Mann Township and other Canada Nickel exploration projects East of Timmins into East Timmins Nickel Ltd. ("East Timmins"). Previously referred to as 'ExploreCo' in prior news releases, East Timmins is a private company owned 80% by Canada Nickel and 20% by Noble. As part of the transaction, Canada Nickel issued 162,000 common shares to Noble to be utilized to consolidate ownership of a set of properties which were owned by a third party. Please refer to the news releases on July 8, 2024 and January 7, 2025 for additional information on the transaction. The closing of the transaction is subject to the final approval of the TSX Venture Exchange (the "TSXV").

About Canada Nickel

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 NickelTM, NetZero CobaltTM, NetZero IronTM 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. 

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