Class 1 Nickel and Technologies Ltd. is pleased to announce the completion of 40 drill holes on its Somanike Nickel-Copper Project , located near Val-d'Or, Quebec . Assays are pending for all drill holes and are expected in Q1 2023. Key Points: Diamond drilling has intersected sulphide mineralization in 23 drill holes. Mineralization is within and, in close proximity to ultramafic rocks. The host rocks are komatiitic [...]
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 convertible debentures in the aggregate principal amount of Cdn$450,000 . 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 thereof into common shares [...]
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 convertible debentures in the aggregate principal amount of Cdn$500,000 . 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 thereof into common shares [...]
ER Fitch Pty Ltd. ATF Eloise Fitch Family Trust announces that it has acquired ownership and control of convertible debentures of Class 1 Nickel and Technologies Ltd. , effective December 23, 2022 . The Debentures are convertible in accordance with the terms thereof into up to 4,545,454 common shares of the Company at a deemed price of $0.11 per share. The Underlying Shares were issued pursuant to a private placement by [...]
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 convertible debentures in the aggregate principal amount of Cdn$500,000 . 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 thereof into common shares [...]
Class 1 Nickel and Technologies Ltd. is pleased to announce that since receiving its second drilling permit in October it has consequently expanded its drill program at its Somanike Nickel-Copper-Cobalt PGEs Project. Two diamond drills are currently active on the Marbridge Property. Approximately 13,706m in 35 drill holes have been drilled to date. Assays are pending and are expected early in 2023. Key Points Diamond [...]
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 convertible debentures in the aggregate principal amount of Cdn$1,000,000 . 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 thereof into common [...]
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 12,000,000 common shares of the Company at a price of Cdn$0.12 per Subject Share to raise aggregate gross proceeds of Cdn$1,440,000. Mr. David Fitch, President of the Company, has purchased all of the Subject Shares issued pursuant to the Private Placement. As [...]
Class 1 Nickel and Technologies Ltd. announces that Mr. Jonathan Fisher has resigned from the Board of Directors of the Company. The Company thanks Mr. Fisher for his contribution and wishes him well on his future endeavours. Class 1 Nickel and Technologies Ltd. is a Mineral Resource Company focused on the development of its 100% owned Alexo-Dundonald Property, a portfolio of komatiite hosted magmatic nickel-copper-cobalt [...]
4000 m Phase 1 drilling program set to commence at the historical Mines 1, Mine 2, Mine 3, and Mine 4, to explore new geophysical anomalies associated with ultramafic complex hosting nickel mineralization. Initial 27 drill holes designed to test in situ mineralization in the vicinity of historical mining, including crown pillars, and to investigate TDEM anomalies in geology favourable for nickel mineralization. Approvals [...]
Class 1 Nickel and Technologies announces that Mr. David Riekie has resigned from the Board of Directors of the Company. "I would like to thank David for his contribution to the Company during this pivotal time. We wish him well on his future endeavors" stated David Fitch, President of Class 1. Class 1 Nickel and Technologies is a Mineral Resource Company focused on the development of its 100% owned Alexo-Dundonald [...]
Class 1 Nickel and Technologies is pleased to announce that it has granted an aggregate of 1,000,000 stock options to the directors of the Company. The stock options are each exercisable to acquire one common share of the Company at an exercise price of A$0.50 until the earlier to occur of (i) the date that the applicable optionee ceases to be retained or employed by the Company, if such event occurs within twelve (12 [...]
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