Core Nickel Corp.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
Suite 204, 75-24th Street East Saskatoon, SK Canada S7K 0K3 |
| Tel No.： | 306-668-6927 |
| Web Site： | www.corenickel.com |
| E-mail： | info@corenickel.com |
| Contact Person： | Misty Urbatsch |
| Position： | CEO, President & Director |
| Traded Market： | CSE |
| Traded Symbol： | CNCO |
| Outstanding Shares： | ~51.2 million |
| 52 Week High： | $ 0.42 |
| 52 Week Low： | $ 0.015 |
| Present Price： | Click Here |
Core Nickel Corporation is a dynamic junior exploration company dedicated to building a sustainable future through the responsible exploration of critical minerals. With 100% ownership of a significant land portfolio in the world-renowned Thompson Nickel Belt (TNB) of northern Manitoba, Canada, Core Nickel is focused on the discovery of economic magmatic nickel-sulphide deposits.
A key asset in Core Nickel’s portfolio, the Mel Deposit, is situated just 25 kilometers northwest of the Thompson Mill (12,000 TPD) and boasts a historic estimate of 5.3 million tonnes at 0.85% nickel, with further potential for expansion at depth and along strike. This premier deposit is strategically positioned near vital infrastructure, including highways, railways, and the operating Thompson Mill, facilitating efficient development.
Core Nickel is committed to increasing the supply of responsibly sourced nickel to support a net-zero, carbon-neutral future, leveraging Manitoba’s nearly 100% clean and renewable electricity to drive its carbon-neutral initiatives.
Investment Highlights
High Grade Deposit
- 100% ownership in the Mel deposit, one of the highest-grade undeveloped nickel deposits in North America
- Mel deposit – 5.3 million tonnes at 0.85% nickel* – Open for expansion at depth and along strike
- Mel deposit only 25 km from the operating Thompson Mill (12,000 tpd)
Tier-1 Mining Jurisdiction
- 100% owned assets in the Thompson Nickel Belt (TNB), Manitoba, Canada
- TNB is a world-class Ni-(Cu-Co-PGE) sulphide camp
Proximal Infrastructure
- Deposit and exploration projects all proximal to existing infrastructure including highways, railways, major hydroelectric transmission lines, and mills
- Carbon-neutral development driven by Manitoba’s nearly 100% clean and renewable electricity
Critical Mineral Exploration
- Exploration focused on increasing the supply of responsibly sourced Canadian critical minerals to support a net-zero, carbon-neutral, future
Successful Management Team
- Strong management team that has a proven track record of discovery
*Based on historic resource estimate (2007) which should not be relied upon and has not been verified by the Qualified Person
Core Nickel controls 100% of five properties in the prolific nickel district, the Thompson nickel belt (TNB) in Northern Manitoba, Canada. The five properties consist of approximately 27,000 hectares of highly prospective exploration ground located near industry leaders Vale Mining and KoBold Metals. Numerous drill targets identified on Core Nickel’s projects which are proximal to existing infrastructure and operating mills with capacity (Bucko and Thompson).
Core Nickel has a large contiguous land package in the northern part of the TNB, situated approximately 16 kilometres to 20 kilometres from the city of Thompson. Core Nickel's northern TNB projects consist of three properties: Mel, Hunter and Odei River. The Mel property encompasses the Mel deposit, one of the highest-grade undeveloped nickel deposits in North America. The Mel deposit is characterized by a historical National Instrument 43-101 resource estimate with an indicated resource of 4.3 million tonnes at 0.875% nickel, equating to 82.5 million pounds contained nickel, and a historical inferred resource estimate of 1.0 million tonnes at 0.839% nickel, equating to 18.7 million pounds of contained nickel. The target stratigraphy (Pipe formation) that hosts the Mel deposit and other deposits in the Thompson nickel belt extends onto the Hunter and Odei River properties.
The Company also holds two properties in the central TNB near Wabowden: Halfway Lake and Resting Lake. Both properties host the target Pipe formation associated with known elevated nickel mineralization and are proximal to existing nickel deposits, mills and other infrastructure.
Mel Deposit & Potential
Mel deposit open for expansion at depth
- Mel Deposit discovered in 1961 at 47 m depth based on testing of EM conductors identified by testing to a depth of only 100 m
- Mel was found because it is relatively shallow; deposits deeper than 100m would have been missed with older EM methods
- EM and AMT targets identified from 2000 to 2004 (which show numerous targets deeper than 100m) largely untested due to previous owner's lack of funding
The Mel, Hunter, and Odie River properties boast extensive, untested strike lengths of historical electromagnetic (EM) conductors, presenting significant exploration opportunities.
Property-wide airborne VTEM is planned for fall 2024 for Mel, Hunter, and Odei River.
Halfway Lake
Project Potential
- Ample strike length of the Pipe Formation associated with nickel-bearing ultramafics
- Known mineralization on and adjacent to the property
2024 Completed Work
- ~800 m in 3 diamond drill holes – March
- Broad package of ultramafics hosting disseminated nickel-bearing sulphide mineralization including 0.37% Ni over 91.05 m in drill hole HFW-002
- Results indicative of potential proximity to a higher grade massive sulphide zone
- Property-wide Versatile Time-Domain Electromagnetics (VTEM) Survey – July – Results pending
Future Work
- VTEM Target Prioritization
- Diamond Drilling
Management and Directors
Misty Urbatsch, P.Geo., MBA, Chief Executive Officer, President and Director
Ms. Urbatsch brings a rare blend of experience accumulated over fifteen years in the mining industry with a major mining company where she has acquired invaluable expertise across various facets of the metals industry, including domestic and international exploration and global commodity sales, marketing, and trading.
Harry Chan, CPA, Chief Financial Officer and Corporate Secretary
Mr. Chan has over 20 years of experience working in several different industries ranging from public practice, sports entertainment, wholesale distribution and telecommunications.
Cailtin Glew, P.Geo., Vice President of Exploration
Ms. Glew offers a well-rounded foundation, merging geoscientific knowledge with over ten years of extensive industry experience at a major mining company, where she acquired expertise in district-scale evaluation, effective target generation, and project development.
Cory Belyk, P.Geo., Director
Mr. Belyk is a geologist with nearly 30 years of experience in exploration and mining operations, project evaluation and business development. He is currently Chief Executive Officer, President and Director of CanAlaska Uranium.
Paul Reid, Director (16% Ownership)
Mr. Reid is the Co-Founder and past Executive Chairman of Arizona Metals Corp. (TSX: AMC). He previously co-founded and served as Executive Chairman of Telegraph Gold Inc., (listed as Castle Mountain Mining Company Limited). Mr. Reid worked for fifteen years in investment banking and has extensive experience in raising capital, going public transactions, and corporate advisory services.
Marc Pais, B.Sc., Director (10% Ownership)
Mr. Pais is the Co-Founder and former CEO of Arizona Metals Corp. (TSX: AMC). He previously co-founded and served as CEO of Telegraph Gold Inc., (listed as Castle Mountain Mining Company Limited). Mr. Pais worked for seven years as a mining research analyst, with a focus on exploration and development companies.
On March 14, 2025, Core Nickel Corp. announced that it has changed its auditor from Deloitte LLP (the "Former Auditor") to Dale Matheson Carr-Hilton Labonte LLP (the "Successor Auditor"). The change of auditor occurred at the request of the Company. The Company's board of directors accepted the resignation of the Former Auditor as of March 10, 2025, and appointed the Successor Auditor as the new auditor of the Company effective March 10, 2025, and to hold office until the close of the Company's next annual general meeting of shareholders.
There were no reservations in the Former Auditor's audit reports in connection with the audits of the Company's two most recently completed financial years. There are no "reportable events" (as the term is defined in National Instrument 51-102 - Continuous Disclosure Obligations) between the Company and the Former Auditor.
On February 03, 2025, Core Nickel Corp. has started drilling as part of the approximately $2-million 2025 exploration program on the company's 100-per-cent-owned Halfway Lake project in the Thompson nickel belt in Manitoba. The 2025 Halfway Lake winter program will focus on drill testing 14 high-priority targets identified from the 2024 VTEM (versatile time-domain electromagnetic) survey previously announced on Nov. 18, 2024. The project is strategically located 15 kilometres from the Bucko mill in the Thompson nickel belt in Manitoba, and the company is fully permitted to conduct drilling on the project until April, 2026. Halfway Lake 2025 drill targets include:
- A target testing the extension of the conductive trend interpreted to host the Halfway Lake nickel deposit (historic estimate of 900,000 tonnes grading 1.2 per cent nickel), located 600 metres to the northeast of the company's Halfway Lake project;
- A target identified 150 metres to the north of the W62 zone, where the company focused its inaugural drill program in the winter of 2024, successfully intersecting 91 metres grading 0.37 per cent nickel from a vertical depth of approximately 120 metres;
- Three targets that occur on 2.4 kilometres of conductive trends that have yet to be drill tested;
- Nine targets that are situated on underexplored conductor trends.
On January 30, 2025, Geotech Ltd. has commenced helicopter-borne geophysical surveys, including time-domain electromagnetics (versatile time-domain electromagnetic) and a horizontal magnetic gradiometer using the VTEM Plus geophysical system, on Core Nickel Corp.'s 100-per-cent-owned Mel and Odei River projects, as stated in the company's news release on Jan. 27, 2025. The projects are situated approximately 20 kilometres to the northwest of Thompson, Man., in the northern region of the Thompson nickel belt. The projects are strategically located in proximity to infrastructure, including Provincial Highway 6, the HBR (Omnitrax) rail line and a major hydroelectric transmission line, offering excellent access for future development.
Misty Urbatsch, chief executive officer, president and director of Core Nickel, commented: "Core Nickel is making exciting strides in advancing our exploration efforts on our Mel and Odei River projects with the VTEM survey. Historical drilling at the Mel and Odei River projects over the past 50 years has focused on depths averaging only 200 metres, while the VTEM survey will test depths of up to 400 metres. The near-surface Mel deposit was discovered in the 1960s at approximately 50 metres. Therefore, the new VTEM survey will provide us with a better understanding of the geology and new opportunities for discovery. While previous exploration has primarily targeted shallow mineralization, we see potential below 200 metres, as the neighbouring Thompson mine operates at a depth greater than 1,000 metres in a similar geological setting. This deeper exploration could unlock significant value on our Mel and Odei River projects. A VTEM survey completed on our 100-per-cent-owned Halfway Lake project in 2024 identified 14 high-priority targets. These targets will be drill tested in a 4,000-to-5,000-metre diamond drill program set to commence in the coming weeks. The VTEM survey on the Mel and Odei River projects and our diamond drill program on our Halfway Lake project are exciting steps forward as we continue to explore the full potential of our assets in the Thompson nickel belt."
On January 27, 2025, Core Nickel Corp. has shared 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 the company's website. Core Nickel encourages shareholders, stakeholders and interested parties to review the letter for a comprehensive overview of the company's progress and future plans. Stay up to date on the latest news and developments by subscribing to the company's newsletter.
November 18, 2024, Core Nickel Identifies Multiple High Priority Targets at its Halfway Lake Property from Airborne Electromagnetic Survey
The high-priority targets include:
- A target which confirms the extension of the conductive trend interpreted to host the Halfway Lake nickel deposit (historic estimate of 900,000 tonnes grading 1.2 per cent nickel), located 600 metres to the northeast of the Company's Halfway Lake project.
- A target identified 150 m to the north of the historical W62 zone, where Core Nickel conducted its inaugural drill program in early 2024. This program successfully intersected 91 metres grading 0.37 per cent nickel from a vertical depth of approximately 120 metres.
- Three targets which occur on 2.4 kilometres of conductive trends that have yet to be drill tested.
- Nine targets which are situated on underexplored conductor trends.
Misty Urbatsch, chief executive officer of Core Nickel, commented: “The high-priority targets further demonstrate the potential for discovering high-grade massive sulphide deposits on our claims. The 14 high-priority targets identified from the VTEM survey show similar signatures to known deposits in the Thompson belt and are all located within 35 km of the past-producing Bucko mill and 90 km from Vale's operating Thompson mill. With our recently completed financings, the Company is fully funded to begin drill testing these targets in early 2025.”
November 4, 2024, Core Nickel Closes $579,875 Private Placement
https://www.corenickel.com/core-nickel-completes-580k-private-placement-financing/
October 24, 2024, Core Nickel Announces Board Changes
https://www.corenickel.com/core-nickel-announces-board-changes/
October 22, 2024, Core Nickel Upsizes Private Placement Financing from $175,000 to $580,125
https://www.corenickel.com/core-nickel-upsizes-private-placement-financing-from-175000-to-580125/