Canada Nickel Announces Property Transactions

About this update from Canada Nickel Company Inc

TORONTO, July 13, 2026 /CNW/ - Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce it has entered into a Binding Letter of Intent with Noble Mineral Exploration Inc. ("Noble") (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) signed on July 13, 2026 to sell the Lucas Gold Project to Noble and has acquired property within the Crawford Nickel Project overall footprint.  Mark Selby, CEO of Canada Nickel said, "We are pleased to position the Company to generate value from a non-core property with Noble Mineral Exploration and wish them well with their exploration activities." Lucas Transaction Structure The transactions under the letter of intent remain subject to the parties negotiating a definitive agreement, as well as to compliance with legal requirements and any requirements of the TSX Venture Exchange. As such, Canada Nickel and Noble will announce further details as work on the transaction proceeds. Other Property Acquisitions Canada Nickel has acquired a 100% interest in a set of mining claims in Lucas Township and are within the Company's proposed Crawford project overall footprint. The purchase includes the issuance of 60,000 Canada Nickel common shares (subject to a 4 month hold) and a Net Smelter Return (NSR) of 1.5%, 50% of which can be bought down for $500,000 (thus reducing the NSR to 0.75%).

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