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Canada Nickel Acquires Past Producing Texmont Mine, Highlights High Grade Potential Of Regional Land Package

PRIVATEDec 19, 2022

Acquiring Company

Canada Nickel Company

Acquired Company

Texmont Mine

TorontoManufacturingMobileMiningPrecious MetalsMineral

Description

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today announced that it has signed a deal to acquire a 100% interest in the past producing Texmont property situated between the Company's Deloro and Sothman properties south of Timmins, Ontario. The Company is also reporting results from the first four holes at Texmont and first five holes targeting higher grade mineralization at Sothman. All nine holes have assays pending.

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Company Information

Company

Canada Nickel Company

Location

Toronto, Ontario, Canada

About

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™, 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 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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Frequently asked

Who acquired Texmont Mine?

Texmont Mine was acquired by Canada Nickel Company, based in Toronto. The deal was reported on December 19, 2022. 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 is privately held and operates in Manufacturing.

When did Canada Nickel Company acquire Texmont Mine?

Canada Nickel Company's acquisition of Texmont Mine was reported on December 19, 2022. Canada Nickel Company Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Texmont Mine do?

Texmont Mine is the company acquired in this transaction. It is privately held.

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