Canada Nickel (TSXV: CNC; US-OTCQB: CNIKF) confirmed significant recoverable awaruite with grades and scale comparable to other leading awaruite deposits at its Midlothian project. The Midlothian project, located in the Timmins nickel district, released an initial resource estimate on December 18, 2025, detailing 590 million tonnes of Inferred resources grading 0.28% nickel. The project also benefits from its strategic location, leveraging existing regional infrastructure.
"Today's announcement is another exciting development in the Timmins nickel district confirming Midlothian as a significant deposit. The strong results across all samples highlight the potential of this resource, which contains significant quantities of awaruite ranging from 0.25-0.36% and has the highest average nickel grade in our portfolio (0.28%) and total nickel grades more than 30% higher than other leading awaruite deposits. Midlothian is emerging as one of the most promising deposits in the district," Mark Selby, CEO of Canada Nickel, stated.
Selby added: "We are encouraged by these early results, especially as initial DTR tests were done at coarser grind size than other deposits. A finer grind may yield even higher DTR nickel results. Because the awaruite mineralization has been confirmed to be widespread at Midlothian, the Company plans to assay all existing and future drill holes to allow a DTR nickel resource grade to be calculated in addition to a total recoverable nickel resource."
An initial total nickel resource estimate published in late 2025 (as per a news release dated December 18, 2025) contained an inferred resource of 0.59 billion tonnes grading 0.28% nickel, totaling 1.68 million tonnes of nickel. This estimate derived from 22 drillholes, with core samples analyzed at an average rate of one per 1.5 meters. Additionally, one sample every twenty core samples underwent mineralogical (QEMSCAN) testing.
More information is available at www.CanadaNickel.com
March 2, 2026
March 2, 2026
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