Core Nickel Corp. (CSE: CNCO) (“Core Nickel” or the “Company”) is pleased to share its 2024 Year-End Review, highlighting transformative growth in exploration, corporate development, and sustainability initiatives. The Company also provides insight into its strategic objectives for 2025, building upon its position as a leader in responsibly sourced Canadian nickel. Highlights of the Company’s 2024 achievements are provided below, but the full Shareholder Letter can be found on our website. We encourage shareholders, stakeholders, and interested parties to review the letter for a comprehensive overview of our progress and future plans. Stay up-to-date on the latest news and developments by subscribing to the Company’s newsletter.
HIGHLIGHTS
Strong Capital Structure
- Raised approximately $3.7 million in 2024, including $207,000 in non-dilutive critical minerals grants from the Manitoba Mineral Development Fund (MMDF)
- Management and Directors participated in recent financings and have been actively buying in the market; now collectively own approximately 28% of the Company’s shares (~42% fully diluted)
Advancements at Mel Deposit
- The Mel deposit has a historical mineral resource consisting of indicated resource of 4.28 million tons grading 0.875% nickel (Ni), and inferred resource of 1.01 million tons grading 0.839% Ni, at a cut-off of 0.5% Ni
- The Mel deposit has the potential to be one of the highest-grade undeveloped nickel deposits in North America and is located only 25 km from Vale’s operating Thompson mill complex
- Planned helicopter-borne VTEM survey in January of 2025 will assist with identifying new targets for potential resource expansion and additional high priority targets on the Mel project
- Core Nickel has engaged Understood Mineral Resources Ltd. to assist in the development of the Mel deposit for the purposes of creating an updated, current Mineral Resource for the project in the near to medium term
- A resampling and reanalysis program will be implemented to verify and validate the historical results from the Mel deposit
Continue at Core Nickel Corp.
