Canada Nickel to participate in upcoming
conference, announces additional land consolidation
TORONTO, July 26, 2021 /CNW/ - Canada Nickel Company
Inc. ("Canada Nickel" or the "Company") (TSXV: CNC)
(OTCQB: CNIKF), focused on advancing the next generation of
nickel-sulphide projects, provides an update on several
initiatives.
Presentation at Virtual Investor Conference
Mark Selby, Chair and Chief
Executive Officer, will present live at
VirtualInvestorConferences.com on July
29th. Canada Nickel invites individual and
institutional investors, as well as advisors and analysts, to
attend real-time, interactive presentation on
VirtualInvestorConferences.com
DATE: Thursday July
29th
TIME: 12:30 pm
ET
LINK: https://bit.ly/3hGKd6Z
This will be a live, interactive online event where investors
are invited to ask the company questions in real-time. If attendees
are not able to join the event live on the day of the conference,
an archived webcast will also be made available after the
event.
It is recommended that investors pre-register and run the online
system check to expedite participation and receive event
updates. Learn more about the event at
www.virtualinvestorconferences.com
Issuance of Canada Nickel Shares on Acquisition of Mineral
Property Claims
The Company is pleased to announce that it has entered into
purchase agreements in June 2021 with
various third-party vendors to acquire exploration assets comprised
of mineral property claims located in the Timmins, Ontario region. Total consideration
to be paid by the Company at closing under these agreements is 1.26
million Canada Nickel common shares and $25,000 in cash. Each of the vendors under these
agreements will retain a 2% net smelter royalty ("NSR") in respect
of the transferred claims, subject to a right of the Company to
re-purchase 50% thereof (or 1% of the NSR). One of the vendors also
retained offtake rights to purchase the ore, concentrate or other
mineral products produced from this one property only, at market
pricing. Such vendor will also hold a contingent right to receive a
bonus payment (paid in cash or shares, at the Company's election)
in the event the Company discloses a mineral resource pursuant to
National Instrument 43-101 of 10,000 tonnes or more of nickel or
nickel equivalent. The completion of these transactions is subject
to customary closing conditions, including TSX Venture Exchange
approval. The common shares issued pursuant to the above noted
acquisitions will be subject to a four month hold period under
applicable Canadian securities laws.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of
nickel-cobalt sulphide projects to deliver nickel and cobalt
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 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.
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 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.
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SOURCE Canada Nickel Company Inc.