Class 1 Nickel and Technologies Ltd. is pleased to announce that it has completed a non-brokered private placement pursuant to which it has issued an aggregate of 10,400,000 common shares at a price of $0.05 per Share to raise aggregate gross proceeds of $520,000. The Shares are subject to a statutory hold period expiring on September 14, 2024. Insiders of the Company directly and indirectly subscribed for an aggregate of [...]
Indicated Resources of 572 kt at 0.61% Ni - 44% increase in Indicated tonnes and 10% increase in nickel pounds. Inferred Resources of 125 kt at 0.54% Ni - 693% increase in Inferred tonnes and 419% increase in nickel pounds. 84% of the nickel pounds and 82% of the tonnes in Alexo South Deposit Mineral Resource Estimate are in the Indicated category with drilling planned to update to Measured. With only 18% of the Alexo [...]
Class 1 Nickel and Technologies Ltd. is pleased to announce that Caracle Creek Chile SpA and their strategic partner Atticus Geoscience Consulting Ltd. have completed the first stage of a comprehensive independent review of both the Alexo-Dundonald and Somanike nickel projects. Work is near-complete on the delivery of an updated Mineral Resource Estimate for the Alexo South Nickel Deposit, one of 4 nickel deposits on the [...]
Class 1 Nickel and Technologies Ltd. is pleased to announce that it proposes to complete a non-brokered private placement pursuant to which it will issue up to 15,000,000 common shares of the Company at a price of $0.05 per Subject Share. Insiders may subscribe in the Private Placement. The Company proposes to use the net proceeds from the Private Placement for exploration expenditures and general and administrative [...]
Class 1 Nickel and Technologies Ltd. is pleased to announce that it has granted an aggregate of 11,765,502 stock options to service providers of the Company, including directors and officers. The stock options are each exercisable to acquire one common share of the Company at an exercise price of Cdn$0.07 until March 27, 2027. The options vest immediately. About Class 1 Nickel [...]
Class 1 Nickel and Technologies Ltd. announces that it has cancelled an aggregate of 11,765,502 stock options of the Company. Of these stock options cancelled, an aggregate of 11,165,502 stock options were exercisable to acquire common shares of the Company at an exercise price of $0.60 until June 11, 2024, and the balance of 600,000 stock options were exercisable at an exercise price of $0.50 until August 11, 2025. About [...]
Class 1 Nickel and Technologies Ltd. is pleased to announce that it has completed its previously announced non-brokered private placement pursuant to which it has issued convertible debentures in the aggregate principal amount of Cdn$400,000 . The Debentures have a three-year term and bear an interest rate of 2% per annum. The principal amount owing under the Debentures shall be convertible at the option of the holder [...]
Class 1 Nickel and Technologies Ltd. is pleased to announce that it proposes to complete a non-brokered private placement pursuant to which it will issue convertible debentures in the aggregate principal amount of up to Cdn$400,000 . The Debentures shall have a three-year term and bear an interest rate of 2% per annum. The principal amount owing under the Debentures shall be convertible at the option of the holder thereof [...]
Class 1 Nickel and Technologies Ltd. is pleased to announce the results of its 2022-2023 exploration program on its Somanike Nickel Sulphide Project. The 6,882 ha Project, acquired by the Company in early 2021, is located about 25 km north of the mining centre of Malartic includes the historical Marbridge Ni-Cu Mine which closed in 1968. 2022-2023 Drilling and Exploration Highlights: NICO22-022: 0.7 m @ 2.29% Ni from 69.5 [...]
Class 1 Nickel and Technologies Ltd. is pleased to announce the completion of the sample collection component of a 287 B-horizon soil geochemical sampling and 287 biogeochemical plant sampling exploration program over the prospective Marginal Series PGE horizon at its River Valley PGE Project , located about 100 road-km east of Sudbury, Ontario, Canada. Figure 1. Location of the River Valley PGE Project near the City of [...]
Class 1 Nickel and Technologies Ltd. is pleased to announce that it has completed a non-brokered private placement pursuant to which it has issued an aggregate of 8,333,332 common shares at a price of $0.12 per Share to raise aggregate gross proceeds of approximately $1,000,000. The Company intends to use the proceeds of the Private Placement for general corporate purposes. The Shares are subject to a statutory hold [...]
Class 1 Nickel and Technologies Ltd. is pleased to announce that it has completed a non-brokered private placement pursuant to which it has issued an aggregate of 2,499,997 common shares at a price of $0.12 per Share to raise aggregate gross proceeds of approximately $300,000. Mr. David Fitch, President of the Company, indirectly purchased an aggregate of 666,666 Shares pursuant to the Private Placement. As Mr. Fitch is [...]
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