202611 releases
Nickel North Starts Exploration Program at Hawk Ridge
The 2026 summer field program began in the first week of July at the 100%-owned Hawk Ridge Cu-Ni-Co-PGE sulfide project in Northern Quebec, covering 411 claims over 179.67 km² along a 50 km magmatic sulfide belt. Work to date includes 100 surface soil samples, 35 mineralized rock samples, relogging and sampling of 106 core samples plus 60 m of unsampled core from four historical holes, and four passive seismic lines totalling about 3,500 linear metres. A new Cu-Ni mineralized zone about 500 m long and over 20 m wide was mapped at North Hopes Advanced, with diamond drilling intended for 2027-2028.
Drill resultsNickel North prepares 2026 exploration program to the Hawk Ridge Cu-Ni-PGE Sulfide Project,
A 2026 summer exploration program has been prepared for the 100%-owned Hawk Ridge Cu-Ni-PGE Sulfide Project in North Quebec, covering 411 mineral claims over 179.67 km². Work will include soil and rock sampling in two new areas between the Falco 7 and Hope Advance North zones and Gamma Zone South, a seismic frequency resonance technology survey, and re-logging and re-sampling of historical drill core for assay verification and metallurgical study. Drilling is planned for next year.
Drill resultsNickel North Resignation of Director
Jingbin Wang has resigned from the Board of Directors of Nickel North Exploration Corp., and the Board has accepted the resignation. Mr. Wang will continue with the company as Senior Advisor, providing strategic guidance and supporting the leadership team. Nickel North is focused on defining a Cu-Ni-Co-PGE resource at its Hawk Ridge Project in Northern Quebec, covering a 50 km long belt over 179.67 km2.
ManagementNickel North Announces Closing of $3M Non-Brokered Private Placement
A non-brokered private placement of 60,000,000 units at $0.05 per unit closed for gross proceeds of $3,000,000, issuing 60,000,000 common shares and 30,000,000 warrants, each whole warrant exercisable at $0.08 for two years. Securities are subject to a four month and a day hold period, and no finders fees were paid. Proceeds will fund field exploration at the Hawk Ridge Ni-Cu-PGE-Co project in Northern Quebec, working capital and potential acquisitions. An insider participated, a related party transaction under MI 61-101.
FinancingNickel North Announces Closing of Flow-Though Non-Brokered Private Placement
A flow-through non-brokered private placement closed on March 13, 2026, with 9,090,910 common shares issued at $0.055 per share for gross proceeds of $500,000. Proceeds will fund Canadian Exploration Expenses at the Hawk Ridge Ni-Cu-PGE-Co project in Northern Quebec, with the CEE renounced to subscribers effective no later than December 31, 2026. A finder received shares equal to 6% of the FT Shares issued, subject to a four-month hold period.
FinancingNickel North Announces Flow-Through Non-Brokered Private Placement
A non-brokered flow-through private placement of up to 9,090,909 common shares at $0.055 per share for gross proceeds of up to $500,000 has been launched, adding to the $3,000,000 private placement announced January 30, 2026. Proceeds will fund Canadian Exploration Expenses on the Hawk Ridge Ni-Cu-PGE-Co project in Northern Quebec, with the CEE renounced to subscribers effective no later than December 31, 2026. A finder's fee of up to 6% may be paid in shares; a four-month hold period applies.
FinancingNickel North Announces $3 Million Non-Brokered Private Placement Financing
A non-brokered private placement of up to 60,000,000 Units at $0.05 per Unit for gross proceeds of up to $3,000,000 has been launched, with each Unit comprising one common share and one half warrant exercisable at $0.08 for two years after closing. Proceeds will fund field exploration at the Hawk Ridge Ni-Cu-PGE-Co project in Northern Quebec, general working capital and potential asset acquisitions. An insider is participating, making it a related party transaction under MI 61-101.
FinancingNickel North Discovers Strong Scandium (SC) Anomalies in the Soil Samples at Hawk Ridge CU-NI-PGE Project
Soil sampling at the Hawk Ridge Cu-Ni-PGE project in Northern Québec returned scandium values up to 55.5 g/t, with most above 30 ppm, alongside vanadium up to 378 g/t; earlier rock samples assayed in 2023 returned up to 61 g/t Sc and historical core samples up to 83 g/t Sc, with a positive Sc-V correlation. The 2025 assays by AGAT Laboratories also identified Pd, Pt and Au anomalies not quantified by earlier XRF work. Rare earth element assays and extraction studies are planned for 2026, along with field work that may include drilling.
Drill resultsNickel North Announces Appointment of a New Director - Edward Gu
The board has been increased from four to five directors, with Rujia (Edward) Gu appointed as a director. Gu has ten years of experience in international trade of mineral products and mining in Nigeria, covering lead, zinc ore and concentrate and columbite-tantalite ore and concentrate, plus lithium exploration and development and investment in a separation plant. He holds a Bachelor of Arts in Supply Chain Management from Michigan State University.
ManagementNickel North Announces Grant of Options
A total of 8,600,000 stock options have been granted to directors, officers, employees and consultants under Nickel North Exploration's Stock Option Plan (2025). Of these, 8,100,000 vested immediately and expire five years from the grant date, while 500,000 granted to an investor relations consultant vest 25% every three months over twelve months. The company is focused on Cu-Ni-Co-PGE exploration at its Hawk Ridge Project in Northern Quebec.
CorporateNickel North Announces Soil Assay Results Confirming Cu-Ni-PGE-Au Anomalies at Hawk Ridge Project
Laboratory assays from 205 soil samples at the 100%-owned Hawk Ridge Cu-Ni-PGE-Au project in Northern Québec returned values up to 0.644 g/t palladium, 0.391 g/t gold, 0.300 g/t platinum, 3,460 ppm copper (0.35%) and 725 ppm nickel, confirming earlier handheld XRF results. The samples, collected in 2022 across an approximate 25 km² area over five zones, were analyzed by AGAT Laboratories. Copper and palladium show a 0.77 correlation, refining targets at the Falco 7, Gamma, Hope Advance, Pio and Lucille zones.
Drill results
202511 releases
Nickel North Announces AGM Results
Shareholders approved all items of business at Nickel North Exploration's 2025 annual meeting, held November 6, 2025. The board was fixed at four directors, with Dr. Jingbin Wang, Yingting (Tony) Guo, John Mirko and Melinda Hsu elected. MNP LLP was appointed auditor for the ensuing year, and the Company's Stock Option Plan was approved and filed with the TSX Venture Exchange for its approval.
CorporateNickel North will assay 205 soil samples from the Hawk Ridge Cu-Ni nickel project, which had a discovery of strong cobalt, nickel, and copper anomalies by XRF analysis previously.
205 soil samples recovered from the 381 collected during the 2022 field program at the Hawk Ridge Ni-Cu-Co-PGE project in northern Québec will be assayed by ICP-MS at AGAT Laboratories in Canada. Prior handheld XRF testing returned nickel up to 1731 ppm (0.17% Ni), copper up to 10429 ppm (1.05% Cu) in the Falco 7 zone, and cobalt of 570 to 1669 ppm at Lucille and 187 to 305 ppm at Falco 7 northwest. Results will be used to develop 2026 exploration and drill targets.
Drill resultsNickel North Closes Financing
A non-brokered private placement of 60,000,000 units at $0.025 per unit has closed for gross proceeds of $1,500,000, with each unit comprising one common share and one half warrant exercisable at $0.05 for 24 months, subject to acceleration provisions. Proceeds will fund field exploration at the Hawk Ridge Ni-Cu-PGE-Co project in Northern Quebec, an update of the previous NI 43-101 resource estimate, working capital and potential acquisitions. Insiders participated, and finder's fees of $1,200 cash plus 48,000 finder's warrants were paid.
FinancingNickel North Closes Unit Private Placement
A non-brokered private placement of 60,000,000 units at $0.025 per unit closed for gross proceeds of $1,500,000. Each unit comprises one common share and one-half warrant exercisable at $0.05 for 24 months, subject to acceleration if shares trade at or above $0.08 or $0.16 for one month. Proceeds will fund field exploration at the Hawk Ridge Ni-Cu-PGE-Co project in Northern Quebec, an updated NI 43-101 resource estimate, working capital and potential acquisitions. Finder's fees were $1,200 cash and 48,000 warrants. Insiders participated.
FinancingNickel North Announces Corporate Update of the Option with 1844 Resources Inc
The option agreement dated Dec. 10, 2024, between Nickel North Exploration and 1844 Resources Inc. has been terminated, though both parties have expressed interest in continuing discussions and may negotiate a new option agreement. 1844 has filed the updated National Instrument 43-101 on the Hawkridge property with the TSX Venture Exchange. Nickel North's Hawk Ridge project in Northern Quebec covers 179.67 square kilometres along a 50-kilometre-long belt.
CorporateNickel North Announces $1.5-million Non Brokered Private Placement
A non-brokered private placement of up to 60 million units at 2.5 cents per unit has been arranged for gross proceeds of up to $1.5-million, with each unit comprising one common share and one-half warrant exercisable at five cents for two years, subject to acceleration provisions at eight cents and 16 cents. Proceeds will fund field exploration at the Hawk Ridge Ni-Cu-PGE-Co project in Northern Quebec, an updated NI 43-101 resource estimate, and working capital. An insider participated, making it a related party transaction under MI 61-101.
FinancingNickel North Announces Extension of Option Agreement with 1844 Resources
The Outside Date under the option agreement between Nickel North Exploration and 1844 Resources Inc. has been extended from June 20, 2025 to July 31, 2025. The Option Agreement remains subject to TSX Venture Exchange approval. Nickel North is focused on a Cu-Ni-Co-PGE resource at its Hawk Ridge Project in Northern Quebec, covering 179.67 km2 along a 50 km belt.
AcquisitionNickel North Updates Haw Ridge Property Transaction Outside Date
The outside date under the option agreement with 1844 Resources Inc. for the purchase of the Hawk Ridge mineral property in Quebec has been extended to June 20, 2025, unless mutually agreed otherwise, via an amending agreement to the original agreement dated Aug. 13, 2024, previously amended Jan. 27, March 3 and April 1, 2025. A special meeting resolution is to be obtained before Aug. 31, 2025. The agreements remain subject to exchange approval.
AcquisitionNickel North Closes Financing
A non-brokered private placement of 5,000,000 units at $0.04 per unit closed for gross proceeds of $200,000, with each unit comprising one common share and one warrant exercisable at $0.05 for 24 months. Proceeds will fund general working capital, with none used for investor relations activities. An insider participated, making it a related party transaction under MI 61-101, with the company relying on exemptions from formal valuation and minority approval requirements.
FinancingNickel North Announces Extension to Complete Private Placement
The TSX Venture Exchange has granted Nickel North Exploration Corp. (TSX-V: NNX) an extension to close its unit private placement, moving the deadline from January 25, 2025 to February 25, 2025. The company is focused on defining a Cu-Ni-Co-PGE mineral resource at its Hawk Ridge Project in Northern Quebec, a 50 km long belt covering 179.67 km2.
FinancingNickel North, 1844 Resources extend Hawk Ridge option
The outside date of the option agreement with 1844 Resources Inc. for the Hawk Ridge nickel-copper project in northeastern Quebec has been extended from Jan. 25, 2025, to Feb. 28, 2025, under an amending agreement. All other terms and conditions remain unchanged. The amended option agreement remains subject to TSX Venture Exchange approval.
Acquisition
20246 releases
CIRO Trade Resumption
Trading in all issues of Nickel North Exploration Corp. (TSX-Venture: NNX) will resume at 8:00 AM ET on 12/12/2024, per a notice from the Canadian Investment Regulatory Organization. CIRO can impose a temporary suspension of trading in a listed company's security to ensure a fair and orderly market.
CorporateNickel North Enters Into An Agreement to Option Up to 100% Interest In the High-Grade Hawkridge Copper/Nickel Project in Quebec
An option agreement with 1844 Resources Inc. allows 1844 to earn up to 100% of the Hawk Ridge copper-nickel property in Quebec, subject to TSX Venture Exchange approval. The first option, for 80%, requires $1,512,000 in cash payments, 21,000,000 1844 shares and $6,000,000 in exploration expenditures over five anniversaries, with $12,000 already received and $200,000 plus 5,000,000 shares due after Exchange acceptance. A second option for the remaining 20% requires $2,000,000 and grants Nickel North a 2% NSR royalty.
AcquisitionNickel North Announces Change of Non-Brokered Private Placement of Convertible Debenture to Units
A previously announced non-brokered private placement of unsecured convertible debentures has been changed to an offering of up to 6,250,000 units at $0.04 per unit for aggregate proceeds of $250,000. Each unit comprises one common share and one warrant exercisable at $0.05 for two years from issuance. Proceeds will fund general working capital, with insiders potentially participating; closing is subject to TSX Venture Exchange approval. The company's Hawk Ridge Cu-Ni-Co-PGE project is in Northern Quebec.
FinancingNickel North Announces Non-Brokered Private Placement of Convertible Debentures
A non-brokered private placement of up to $200,000 in unsecured convertible debentures bearing 5% interest and maturing in twelve months is planned, with proceeds going to general working capital. The debentures are convertible into up to 5,000,000 units at $0.04 per unit, each unit comprising one common share and one warrant exercisable at $0.08 for two years, with conversion permitted after 90 days from closing. Insiders may participate, and the offering requires TSX Venture Exchange approval.
FinancingNickel North Announces Result of AGM and Provides Further Information on Letter of Intent with 1844 Resources Inc.
Shareholders approved all items of business at the August 15, 2024 annual meeting, electing Dr. Jingbin Wang, Andrew Lee Smith, Yingting (Tony) Guo and Julie Lemieux as directors, appointing MNP LLP as auditor, and approving the Stock Option Plan. The company also clarified that its letter of intent with 1844 Resources Inc., announced August 13, 2024, replaces the March 6, 2023 option agreement terminated on February 29, 2024; Nickel North still owns 100% of the Hawk Ridge Ni-Cu-PGM project in Northern Quebec. The arm's length transaction constitutes a Reviewable Disposition requiring disinterested shareholder approval, with a definitive agreement expected within 45 days.
CorporateNickel North Extends Outside Date of Option Agreement with 1844 to Sell up to 100% Interest in Hawk Ridge
The outside date of the amended and restated option agreement with 1844 Resources Inc. has been extended to February 29, 2024 from January 31, 2024. Under the agreement, first announced and amended as disclosed on December 1, 2023, Nickel North would sell a 100% undivided interest in the Hawk Ridge nickel-copper project, comprising 411 mineral claims over 179 km2 in Ungava Bay, Quebec. The effective date falls two business days after TSX Venture Exchange acceptance, which the Company is still working to satisfy.
Acquisition
20238 releases
Nickel North Provides Update on Option Agreement to Sell up to 100% Interest in Hawk Ridge
An amended and restated option agreement has been signed with 1844 Resources Inc. covering the sale of up to 100% of the Hawk Ridge nickel-copper project, comprising 411 mineral claims over 179 km2 in Ungava Bay, Quebec, with revised payment terms. Nickel North received a non-refundable $15,000 cash deposit and, on TSX Venture approval, will receive $335,000 cash and 5,000,000 1844 shares. Staged options of 20%, 10%, 20%, 30% and 20% require further cash, shares and exploration expenditures over five anniversaries.
AcquisitionNickel North Provides Update on Option Agreement to Sell up to 100% Interest in Hawk Ridge
Payment terms of the option agreement with 1844 Resources Inc. covering the Hawk Ridge nickel-copper project in Ungava Bay, Quebec (411 mineral claims, 179 km2) have been amended. Under the first option, 1844 can acquire a 10% undivided interest two business days after TSX Venture Exchange approval by paying $325,000 and issuing 5,000,000 Units (valued at $175,000, at $0.035 per Unit with warrants exercisable at $0.055 for 36 months) plus 1,000,000 common shares. A further 10% requires $1,500,000, 1,000,000 shares and $500,000 in exploration expenditures by the first anniversary.
AcquisitionNickel North Provides Update on Option Agreement to Sell up to 100% Interest in Hawk Ridge
TSX Venture Exchange conditional approval and shareholder approval have been received for the previously announced option agreement with 1844 Resources Inc. to sell a 100% undivided interest in the Hawk Ridge nickel-copper project, comprising 411 mineral claims covering 179 km2 in Ungava Bay, Quebec. Nickel North is working with 1844 toward completion of the First Option under the agreement.
AcquisitionNickel North Receives $100,000 Loan from Major Shareholder
A $100,000 unsecured loan has been arranged with SinoTech (Hong Kong) Corporation Limited for a one-year term, bearing fixed interest of 10 per cent per annum, with no bonus paid to the lender. SinoTech holds approximately 50.253 per cent of Nickel North's issued common shares, making the loan a related party transaction under MI 61-101, exempt from formal valuation and minority approval requirements. Work continues toward completing the option agreement with 1844 Resources Inc. on the Hawk Ridge nickel/copper project in northeastern Quebec, with an annual and special general meeting set for June 19, 2023 to seek required shareholder approval.
FinancingNickel North Announces Conditional Approval of Option Agreement with 1844 Resources
Conditional TSX Venture Exchange approval has been received for the option agreement with 1844 Resources Inc. (TSXV: EFF) covering the Hawk Ridge nickel/copper project in northeastern Quebec, first disclosed March 6, 2023. Nickel North would sell a 100% undivided interest to 1844 for cash payments, share issuances and exploration expenditure funding across five phases, with all previously disclosed terms unchanged. Closing requires final Exchange approval, shareholder approval of the Fourth and Fifth Options, and lock-up and support agreements from holders of at least 60% of NNX shares.
AcquisitionNickel North Enters into Option Agreement with 1844 Resources to Sell a 100% Interest in the High-Grade Hawk Ridge Nickel-Copper-PGM Project in Quebec to 1844 Resources
An option agreement has been signed to sell a 100% undivided interest in the Hawk Ridge nickel-copper-PGM project in northeastern Quebec to 1844 Resources, in five phases totalling $6,000,000 in cash payments, 10,000,000 1844 common shares and $3,000,000 of exploration expenditures over four years. Hawk Ridge covers 411 claims over 179 km² along a 50 km belt north of Kuujjuaq. Completion requires TSX Venture Exchange and NNX shareholder approvals and lock-up agreements from holders of at least 60% of NNX shares.
AcquisitionNickel North Invites Shareholders & Investment Community to Visit Company at Booth #2704 at PDAC 2022 Toronto, March 5-8, 2023
Nickel North Exploration will exhibit at Booth #2704 at the Prospectors & Developers Association of Canada Convention at the Metro Toronto Convention Centre from March 5 to March 8, 2023, and invited shareholders and stakeholders to visit. The release restates the July 5, 2022 resource update at the Hawk Ridge nickel-cobalt-PGE project in northern Québec, a 76.6% increase to 34.66 million tonnes inferred at 0.22% nickel, 0.56% copper, 0.013% cobalt, 0.19 g/t palladium, 0.05 g/t platinum and 0.025 g/t gold.
CorporateNickel North Discovers High-Grade Ni-Cu Sulfide Mineralization at Hawk Ridge Project up to 3.12% Nickel and 4.63% Copper, Announces Participation at AME Roundup 2023
Assay results from 57 rock samples, including two 2-metre backpack drill cores, collected during the 2022 summer program at the Hawk Ridge Ni-Cu-Co-PGE project in Northern Quebec returned Ni-Cu sulphide mineralization across four target zones. Gamma Zone hole GABH-22-01 returned 3.12% Ni, 4.63% Cu, 0.14% Co and 0.88 g/t Pd; Hope Advance North samples returned up to 1.85% Ni, 1.72% Cu, 0.13% Co and 1.16 g/t Pd; Pio Zone returned up to 0.76% Ni and 5.37% Cu. The company will exhibit at AME Roundup in Vancouver January 23-24, 2023.
Drill results
202215 releases
Nickel North Announces New Flow Through Private Placement
A non-brokered flow-through private placement of up to 10,000,000 flow-through units at $0.05 per unit for gross proceeds of up to $500,000 has been launched. Each unit comprises one share and one warrant exercisable at $0.075 for two years, callable if the volume-weighted average price equals or exceeds $0.20 for five consecutive trading days. Proceeds will fund field exploration at the Hawk Ridge Ni-Cu-PGE-Co project in Quebec, subject to regulatory approval and a four-month hold period.
FinancingNickel North Confirms High-Grade Ni-Cu Sulfide Mineralization up to 400m Long at Gamma Zone and Grants Stock Options
Surface rock sampling and backpack drilling in September 2022 at the Gamma Zone of the Hawk Ridge Project in Northern Quebec confirmed a high-grade, up to 400m-long Ni-Cu sulphide body. Outcrop samples returned up to 1.65% Ni, 4.11% Cu and 526 ppm Co, and two 2-metre backpack holes returned 1.05% Ni, 2.00% Cu and 0.38% Ni, 0.93% Cu, all by portable XRF. The company also granted 5,600,000 stock options at $0.06 for two years.
Drill resultsNickel North 2022 Soil Samples Discover New Strong Cobalt Anomalies and Confirm Multiple Strong Ni-Cu Anomalies at Hawk Ridge Nickel-Copper-PGE Project
Handheld XRF testing of 381 soil samples from the 2022 field program at the Hawk Ridge Ni-Cu-Co-PGE project in Northern Québec confirmed strong Ni-Cu anomalies across all five previously defined mineralization targets over roughly 25 km2, with nickel up to 1,731 ppm (0.17% Ni) and copper up to 10,429 ppm (1.05% Cu). New cobalt anomalies were identified at Lucille, 570 to 1,669 ppm, and at Falco 7 northwest, 187 to 305 ppm. Samples will undergo ICP-MS analysis to generate 2023 drill targets.
Drill resultsNickel North Adds 15 New Mineral Claims to The Hawk Ridge Ni-Cu-PGE Sulfide Project and Announces Attendance at XPLORE 2022 in Montreal, Quebec
Fifteen new mineral claims have been acquired within the 100%-owned Hawk Ridge Ni-Cu-PGE sulfide project in North Quebec, bringing the total to 411 claims covering 179.67 km2, with all new claims within or close to major mineralization zones. Mapping and sampling identified additional massive sulfide mineralization and new drill-ready targets including Falco 7 northwest, Hope Advance north, Gamma and Pio zones, with XRF testing indicating high-grade continuity over approximately 300-500 metres at three of them. The company will exhibit at XPLORE 2022 in Montreal, October 5-6, booth 13.
CorporateNickel North Updates 2022 Field Works at Hawk Ridge Nickel-Copper-PGE Project, Expands High-Grade Massive Sulfide Nickel-Copper Mineralization at Four Zones
Phase one of the 2022 field program at the Hawk Ridge Ni-Cu-Co-PGE Project in Northern Québec was completed September 10, 2022, comprising 400 soil samples, 110 rock samples and 25km² of prospecting and mapping along the 50km structure. Field XRF results from massive sulfide samples returned up to 26-29% Ni or 4-6% Ni and 5-10% Cu at Pio, 1.6% Ni and 4.1% Cu at Gamma, 0.69% Ni and 4.7% Cu at Hope Advance, and 0.35% Ni and 1.1% Cu at Falco 7. Phase II backpack drilling and mapping has begun, with results and 2023 plans expected early 2023.
Drill resultsNickel North Commence 2022 Field Work at Hawk Ridge Nickel-Copper-PGE Sulphide Project
Field exploration work began on September 5, 2022 at the Hawk Ridge nickel-copper-cobalt-PGE sulphide project in Northern Québec, with crews mobilizing to Kuujjuaq alongside Fargo. The program includes backpack drilling of holes 5-9 totalling 50-80 metres at the Hope Advance, Gamma, Falco 7 and Pio zones, plus mapping and rock and soil sampling, with a focus on four intrusive feeder structures and high-grade PGE zones ahead of a large 2023 drilling program.
Drill resultsNickel North Files NI 43-101 Technical Report for the Hawk Ridge Nickel-Copper-PGE Sulphide Project
An NI 43-101 technical report and updated mineral resource estimate for the Hawk Ridge nickel-copper (PGE) property in Northern Québec has been filed on SEDAR, dated August 19, 2022 with an effective date of July 5, 2022. The resource results were previously disclosed in the July 6, 2022 news release, which reported resources increasing 76.6% to 34.66 Mt at 0.22% nickel and 0.56% copper. The report was prepared by Antoine Yassa, P.Geo of P&E Mining Consultants Inc., with no material differences from the earlier disclosure.
Study resultsNickel North Announces Results of Annual and Special General Meeting
All resolutions were passed at the Annual and Special General Meeting held July 29, 2022, with 63,900,640 common shares, or 71.03% of issued and outstanding shares, represented. Dr. Jingbin Wang, Andrew Lee Smith, Dr. Yingting (Tony) Guo and Julie Lemieux were re-elected to the Board. Disinterested shareholders approved shares-for-debt settlements totalling $223,462.50 and the settlement of $1,654,995 in loans from SinoTech (Hong Kong) Corporation Limited via issuance of a convertible debenture.
CorporateNickel North Announces Update to Flow Through Private Placement
The price of the previously announced non-brokered flow-through private placement (first announced May 26, 2022) has been changed to $0.05 per flow-through unit, for up to 6,000,000 units and gross proceeds of up to $300,000. Each unit includes one share and one warrant exercisable at $0.075 for two years, callable if the volume-weighted average price reaches $0.20 for five consecutive trading days. Proceeds will fund 2022 field exploration at the Hawk Ridge Ni-Cu-PGE-Co project in Quebec.
FinancingNickel North Announces Significant Mineral Resource Update at Hawk Ridge Nickel-Copper-Cobalt-PGE Project, Resources Increase 76.6% to 34.66 Mt Nickel 0.22% Copper 0.56% and more
An updated NI 43-101 mineral resource estimate for the 100%-owned Hawk Ridge nickel-copper-cobalt-PGE project in Northern Québec puts total Inferred Mineral Resources at 34.66 Mt grading 0.22% Ni, 0.56% Cu, 0.013% Co, 0.19 g/t Pd, 0.05 g/t Pt and 0.025 g/t Au, a 76.6% increase from 19.63 Mt. This comprises 29.44 Mt pit-constrained at a CDN$35/t NSR cut-off and 5.22 Mt out-of-pit at a CDN$100/t cut-off, covering the HAM, HAN, Gamma and Falco 7 deposits, effective May 31, 2022. A supporting technical report will be filed on SEDAR within 45 days.
Resource updateNickel North Invites Shareholders and Investment Community to Visit Company at Booth 2919 at PDAC 2022 in Toronto, June 13-15, 2022
Nickel North will exhibit at Booth #2919 at the PDAC convention at the Metro Toronto Convention Centre from June 13 to 15, 2022. The company is working with consultants P&E to update its March 2014 NI 43-101 mineral resource estimate for the Hopes Advance, Gamma and Falco 7 deposits at the Hawk Ridge Ni-Cu-PGE project in Northern Québec, with the updated technical report expected after PDAC. The 2014 pit-constrained inferred resource, at a US$25/tonne NSR cut-off, was 19,636,000 tonnes grading 0.58% Cu, 0.22% Ni, 0.01% Co, 0.05 g/t Pt, 0.21 g/t Pd and 0.11 g/t Au.
CorporateNickel North Closes Final Tranche of Private Placement and Announces a New Flow Through Private Placement
The second and final tranche of the previously announced private placement has closed for $37,500, through the issue of 750,000 units at $0.05 per unit, each with one share and one full warrant exercisable at $0.075 for two years, subject to acceleration above $0.20. A new non-brokered flow-through placement of up to 2,666,666 FT units at $0.075 for gross proceeds of up to $200,000 was also announced, each with a two-year warrant at $0.10. Proceeds will fund 2022 field exploration at the Hawk Ridge Ni-Cu-PGE-Co project in Northern Québec.
FinancingNickel North Retains Consultants to Update Mineral Resource Estimate and NI 43-101 Technical Report on Hawk Ridge Nickel-Copper-PGE-Cobalt Project in Quebec
P&E Mining Consultants Inc. of Toronto has been retained to update the Mineral Resource Estimate and prepare an NI 43-101 Technical Report on the 100%-owned Hawk Ridge nickel-copper-PGE-cobalt project at Ungava Bay, Northern Quebec. The 2014 estimate covering the Hopes Advance, Gamma and Falco 7 deposits reported pit-constrained inferred resources of 19,636,000 tonnes at 0.58% Cu, 0.22% Ni, 0.01% Co, 0.05 g/t Pt, 0.21 g/t Pd and 0.11 g/t Au at a US$25/tonne NSR cut-off. The update will incorporate hole RH-2014-50, which intercepted 7.01 m grading 2.11% Ni, 2.73% Cu and 0.62 g/t PGE.
Resource updateNickel North Announces Closing of First Tranche of Private Placement
A first tranche of $470,500 has closed under the previously announced $1,000,000 private placement, through the issue of 9,410,000 units at $0.05 per unit, each with one common share and one full warrant exercisable at $0.075 for two years, subject to acceleration if the share price exceeds $0.20 over five consecutive trading days. Securities carry a four-month hold; a director subscribed, making it a related party transaction under MI 61-101. Proceeds are for field exploration at the Hawk Ridge Ni-Cu-PGE-Co project in Northern Québec, updating the previous NI 43-101 resource estimate, and working capital.
FinancingNickel North Announces 2022 Exploration Plans at Hawk Ridge Nickel-Copper-PGE Cobalt Project in Quebec, Targets High-Grade up to 2.1% Ni Gamma Zone and Non-Brokered Private Placement
A 2022–2023 exploration program is planned at the Hawk Ridge Cu-Ni-PGE-Co project at Ungava Bay, Northern Quebec, focused on the high-grade Gamma and Hopes Advance North zones, including reprocessing of historic magnetic, airborne EM and VTEM data, soil and rock channel sampling, airborne gravity and ground 3DIP/MT surveys, LIDAR-orthophoto work, and a potential winter 2022-2023 drill program. Gamma hosts a 2014 intersection of 7.01 metres at 2.11% Ni, 2.73% Cu and 0.62 grams PGEs per tonne. A non-brokered private placement of up to 20,000,000 units at $0.05 per unit was also announced, each unit comprising one share and one two-year warrant exercisable at $0.075.
Drill results