Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, has successfully completed further metallurgical testing on the Crawford East Zone material. The testing was initiated earlier this year with the objective of increasing confidence in the recovery and concentrate quality estimates and evaluate optimization opportunities for the East Zone. According to the company, the testing revealed opportunity for improvements in recovery from the Crawford East Zone. “We believe there remains significant optimization potential at Crawford, which is supported with today’s metallurgical results on the East Zone that produced a high grade concentrate from a blended East Zone sample and 10 further metallurgical tests from the existing starter pit area that averaged 28% higher recovery than currently modelled in the feasibility study,” said Canada Nickel CEO Mark Selby in the press release. “Our Front End Engineering Design work that started in April is progressing well and continues to identify further optimization opportunities. The pilot plant at SGS Lakefield is more than four times the size of our prior plant that was used in 2022 and is focused on using East Zone material to generate substantial quantities of nickel and NiCr magnetite concentrate to be utilized by our NetZero Metals downstream business. The plant began commissioning during the past week and is expected to operate until September.”

To view the full release, visit https://ibn.fm/tmLZL

About Canada Nickel Company Inc.

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 applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and 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 about the company, visit www.CanadaNickel.com.

NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF

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