Canada Nickel Announces 46% Increase in Measured & Indicated Resource at Reid Nickel Sulphide Project

Canada Nickel Announces 46% Increase in Measured & Indicated Resource at Reid Nickel Sulphide Project News provided by Canada Nickel Company Inc. Jan 12, 2026, 06:45 ET Share this article Share to X Share this article Share to X Highlights: Measured & Indicated Resource: Increased 46% to 2.1 million tonnes contained nickel (0.87 billion tonnes @ 0.23% Ni), including a higher-grade domain of 0.77 billion tonnes @ 0.25% Ni. Inferred Resource : Increased 47% to 3.2 million tonnes contained nickel (1.45 billion tonnes @ 0.22% Ni), including a higher-grade domain of 0.98 billion tonnes @ 0.24% Ni. Exploration Target 1 : Potential for an additional 0.5–1.4 billion tonnes @ 0.21–0.22% Ni. Timmins Nickel District : Now totals eight deposits with 10.1 million tonnes Measured & Indicated contained nickel (4.3 billion tonnes @ 0.24% Ni) and 12.5 million tonnes Inferred contained nickel (5.4 billion tonnes @ 0.23% Ni). TORONTO , Jan. 12, 2026 /PRNewswire/ - Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQB: CNIKF ) today announced an updated mineral resource estimate (the "Mineral Resource Estimate" or the "MRE") for its 100% owned Reid Nickel Sulphide Project ("Reid") located near Timmins, Ontario.

Figure 1 – Plan View of Reid Nickel Sulphide Resources, Reid Nickel Sulphide Project, Ontario. Section A-A’ is shown in Figure 2. (CNW Group/Canada Nickel Company Inc.) Figure 2 – Reid Nickel Sulphide Project Long-Section (Looking North) of Resource Categories and Nickel Grade. Location of section A-A’ is shown in Figure 1. (CNW Group/Canada Nickel Company Inc.) Figure 2 – Reid Nickel Sulphide Project Long-Section (Looking North) of Resource Categories and Nickel Grade. Location of section A-A’ is shown in Figure 1. (CNW Group/Canada Nickel Company Inc.) Figure 3 – Plan View of the Reid Block Model showing categorized resources. (CNW Group/Canada Nickel Company Inc.) Figure 4 – Plan View of the Reid Block Model showing % nickel grade distribution. (CNW Group/Canada Nickel Company Inc.)