20257 releases
CANICKEL MINING LIMITED ANNOUNCES CHANGE OF AUDITOR
Baker Tilly WM LLP resigned as CaNickel Mining Limited's auditor at the Company's request effective November 14, 2025, and the board appointed Mao & Ying LLP, Chartered Professional Accountants, as successor auditor effective the same date, until the next Annual General Meeting. There were no reservations in the former auditor's reports for the financial year ended December 31, 2024, and no reportable events under NI 51-102. A Change of Auditor Notice was filed on SEDAR+ on November 14, 2025.
CorporateCaNickel Mining Limited Announces Sale of Partnership Interest in Welichem Research General Partnership
CaNickel has sold its entire partnership interest in Welichem Research General Partnership — 10,000,000 Class A Preferred Units and 50 General Units — to private company LJ Resources Co. Ltd. for cash consideration of C$400,000, under a Purchase and Sale Agreement dated October 31, 2025 that closed the same day. The interest was carried at nominal value, and the sale is not expected to materially affect the Company's consolidated financial position or operations. Proceeds will be used for general working capital.
AcquisitionCANICKEL ANNOUNCES CHANGES TO BOARD OF DIRECTORS
Directors Shirley Anthony and James Dai have resigned from CaNickel Mining's board effective immediately, though they remain Chief Executive Officer and Chief Financial Officer respectively. Lu Zhang, a steel processing consultant with over 15 years in the Tangshan steel industry, and Xiaopeng Liu, a marketing consultant with over 10 years in alumina refining, were appointed as directors. CaNickel owns the Bucko Lake Mine near Wabowden, Manitoba, currently on care and maintenance.
ManagementCANICKEL ANNOUNCES SHAREHOLDER APPROVAL OF ALL RESOLUTIONS AT AGSM; TO DELIST FROM THE TSXV ON JUNE 26, 2025
Shareholders approved all resolutions at CaNickel Mining's Annual General and Special Meeting held in Vancouver on June 11, 2025, including an ordinary resolution authorizing voluntary delisting of its common shares from the TSX Venture Exchange, passed by 99.588% of the 15,043,782 shares voted by disinterested shareholders. The delisting is expected at the close of business on June 26, 2025, subject to final TSXV approval. Wenfeng Liu, Shirley Anthony and James Dai were elected directors, and Baker Tilly WM LLP was appointed auditor. The company will remain a reporting issuer in Canada.
CorporateCANICKEL SEEKS MINORITY SHAREHOLDER APPROVAL FOR DELISTING FROM TSX VENTURE EXCHANGE AT UPCOMING ANNUAL GENERAL AND SPECIAL MEETING; ANNOUNCES APPOINTMENT OF NEW CFO
Shareholders will vote on an ordinary resolution authorizing the delisting of CaNickel's common shares from the TSX Venture Exchange at an Annual General and Special Meeting on June 11, 2025, with a record date of May 2, 2025. Because there is no alternative public market, majority of minority approval is required, excluding 14,105,153 shares, or 37.6% of shares outstanding, including King Place Enterprises Limited's 11,517,653 shares and Hebei Wenfeng Industrial Group's 2,587,500 shares. Delisting also requires final TSXV approval. James Dai was appointed Chief Financial Officer, effective immediately, succeeding Jerry Zhang, with CEO Shirley Anthony taking on Corporate Secretary duties.
CorporateCANICKEL ANNOUNCES INTENTION TO VOLUNTARILY DELIST FROM TSX VENTURE EXCHANGE
An application will be submitted to voluntarily delist CaNickel's common shares from the TSX Venture Exchange, with the board having approved the delisting as of April 22, 2025. Completion is conditional on shareholder approval at the Annual and Special General Meeting on June 11, 2025 and final TSXV approval. The decision followed a review of the Company's financial condition and minimal trading activity, and CaNickel will remain a reporting issuer in Canada. It owns the Bucko Lake Mine near Wabowden, Manitoba, currently on care and maintenance.
CorporateCANICKEL ANNOUNCES EXPIRY OF OPTION AGREEMENT FOR SALE OF THE BUCKO LAKE MINE TO COBALT ONE AND BLACKSTONE MINERALS
The option agreement signed December 4, 2023 with Cobalt One Energy Corporation and Blackstone Minerals Limited has expired, ending Cobalt One's exclusive 12-month right to purchase CaNickel's 100%-owned Bucko Lake Mine Project, located about 110 km southwest of Thompson, Manitoba. CaNickel attributed the outcome to nickel price weakness affecting the parties' ability to finance the transaction within the allotted period, and said it will resume marketing the asset for sale.
Acquisition
20241 release
Canickel Announces Extensions of Option Agreement for Proposed Sale of the Bucko Lake Mine
Cobalt One Energy Corporation and Blackstone Minerals Limited have extended to January 3, 2025 the option period under the December 4, 2023 Option Agreement to purchase CaNickel's 100%-owned Bucko Lake Mine Project, located about 110 km southwest of Thompson, Manitoba, paying the C$100,000 extension fee. Further 30-day extensions are permitted with additional payments. Closing of the asset sale remains subject to conditions in the Asset Purchase Agreement, including CaNickel and Blackstone shareholder approvals and TSX Venture Exchange and ASX approvals.
Acquisition
20234 releases
Canickel Signs Option Agreement for Proposed Sale of The Bucko Lake Mine for up to C$80 Million
An Option Agreement signed December 4, 2023 grants Cobalt One Energy Corporation and Blackstone Minerals Limited an exclusive 12-month option, for a non-refundable payment of approximately C$1.12 million, to buy CaNickel's 100%-owned Bucko Lake Mine Project, 110 km southwest of Thompson, Manitoba, for up to C$80 million. Payment would be C$20 million cash less option payments plus C$10 million in Blackstone shares at closing, C$10 million after 18 months, C$15 million on full permitting and C$25 million on commercial production. Closing requires shareholder, TSXV and ASX approvals.
AcquisitionCanickel Announces Management Change
Shirley Anthony has been promoted from VP Corporate Development to Chief Executive Officer of CaNickel Mining Limited, effective immediately, replacing Kevin Zhu, who resigned to pursue other opportunities and will remain a director. Anthony previously held investor relations and corporate communications roles at Cassiar Gold, Maple Gold Mines, International Tower Hill Mines, Corvus Gold and Silvercorp Metals. CaNickel owns the Bucko Lake Mine Project near Wabowden, Manitoba, currently on care and maintenance.
ManagementCanickel Files Ni 43-101 Technical Report On Updated Mineral Resource Estimate And Preliminary Economic Assessment For The Bucko Lake Mine
An NI 43-101 technical report dated February 28, 2023, covering an updated mineral resource estimate and preliminary economic assessment for the Bucko Lake Mine Project, 110 km southwest of Thompson, Manitoba, has been filed on SEDAR, prepared by P&E Mining Consultants Inc. The PEA outlines 101 million pounds of payable nickel over a 13-year mine life, initial capital of $87 million, and an after-tax NPV6% of $169 million with a 30% IRR at US$9.84/lb nickel. Measured and indicated resources total 5.7 million tonnes at 1.24% Ni, with inferred resources of 6 million tonnes at 1.18% Ni. A recommended $9.0 million work program includes infill drilling, dewatering and a pre-feasibility study.
Resource updateCanickel Announces Positive Preliminary Economic Assessment And Updated Mineral Resource Estimate For Bucko Lake Mine
A preliminary economic assessment for the Bucko Lake Mine, 110 km southwest of Thompson, Manitoba, outlines a 13-year restart producing 101 million pounds of payable nickel, with pre-tax NPV6% of $205 million and 32% IRR, after-tax NPV6% of $169 million and 30% IRR at US$9.84/lb nickel, initial capital of $87 million, 3.3-year payback, cash costs of US$4.91/lb and AISC of US$6.48/lb, and the existing 1,000 tpd plant upgraded to 1,500 tpd. The updated resource estimate, effective January 13, 2023, totals 5.7 million tonnes at 1.24% Ni and 0.11% Cu measured and indicated, plus 10.6 million tonnes at 1.18% Ni and 0.13% Cu inferred. Mineral reserves are no longer declared.
Study results
20221 release
Canickel Mining Appoints Shirley Anthony As Vice President Corporate Development
Shirley Anthony has been appointed Vice President, Corporate Development of CaNickel Mining Limited (TSX Venture: CML), effective immediately, with responsibilities covering corporate development, contract negotiations, and oversight of legal and financial matters. Anthony has over 14 years of corporate communications, corporate development and strategic marketing experience, most recently as VP Investor Relations and Communications with Cassiar Gold Corp. CaNickel holds a 100% interest in the formerly producing Bucko Lake Mine near Wabowden, Manitoba, on care and maintenance since 2012.
Management