SUDBURY, ON - SPC Nickel Corp. (TSXV: SPC) ('SPC Nickel' or the 'Company'), is pleased to announce assay results from the 2025 exploration program at its 100%-owned, 496 km2 Muskox Cu-Ni-PGM Project ('Muskox' or the 'Project'), located roughly 75 km south of the coastal Hamlet of Kugluktuk in the Kitikmeot Region of Nunavut.
Results from the program confirm widespread high-grade copper, nickel and PGM mineralization occurring across multiple geological environments within the 125 km long Muskox Intrusion - one of the last undeveloped district-scale Cu-Ni-PGM opportunities globally. Mineralization styles and geological characteristics observed are directly comparable to globally significant nickel districts including Norilsk-Talnakh, Voisey's Bay and Sudbury.
Grant Mourre, President and CEO of SPC Nickel commented, 'The results from our summer 2025 field program underscore the unique geologic potential of the Muskox Project and position it as a leading exploration opportunity possessing the scale and mineralization typically associated with world-class copper-nickel districts. We are more than encouraged by standout results that include CuEq grades up to 70.62% at Equinox, multiple samples above 30% CuEq at Speers Lake, and consistent high-grade Cu-Ni-PGM mineralization across all target areas.
The combination of consistently high-grade results, multiple mineralization styles, and the broad distribution of numerous mineralized targets reinforces Muskox as a large-scale, metal-bearing district with the potential to host multiple deposits. Many of the 2025 assay results exceed grades from previous campaigns, further emphasizing the untapped exploration potential of the 125-km-long intrusion. These results strengthen our view that Muskox is one of the - if not the - most compelling undeveloped district-scale polymetallic opportunities anywhere.'
2025 Program Summary
SPC Nickel completed a seven-day prospecting program in August, supported by daily helicopter access from Kugluktuk. A total of 77 samples were collected across the Equinox, Pyrrhotite Lake, Speers Lake, and additional target areas within the Main Muskox Intrusion and within the 60 km long Feeder Dyke located south of the main intrusion.
Given the extensive gossan development along the margins of the Muskox Intrusion, a diamond-bladed channel saw was used to obtain fresh, minimally oxidized/weathered material for analysis. At the Equinox Target, several continuous channel samples were also cut across the main surface exposure.
Highlights: Equinox Target
A total of twenty-seven samples were collected from two historical showings (Equinox Target and Equinox North Target) located 1,000m apart.
The Equinox Target hosts sharp-walled massive Cu-PGM veins dominated by chalcopyrite-cubanite-pyrrhotite-pentlandite up to 20 cm thick, associated in fractures within the strongly metamorphosed footwall. Samples returned values as high as 18.15% Cu, 0.06% Ni and 114.44 g/t PGMs.
Assay results indicated a highly fractionated sulphide, highly enriched in Pd-Pt-Au and Ag similar to the footwall orebodies of the Sudbury Mining Camp.
A continuous channel sample across the exposed mineralized zone returned 6.85% Cu, 0.08% Ni and 23.64 g/t PGMs over 3.5 metres.
The Equinox North Target hosts massive to semi-massive Cu-Ni-PGM mineralization dominated by pyrrhotite-pentlandite-chalcopyrite hosted within the hornfels zone along/near the contact of the intrusion.
Quality Assurance, Quality Control and Qualified Persons
SPC Nickel follows rigorous sampling and analytical protocols that meet or exceed industry standards. All rock samples collected were placed in plastic sample bags and were transported back to the field camp and later to the ALS facility in Sudbury, Ontario, Canada. Sample batches include certified reference materials that are then processed under the control of ALS. All assay samples were analyzed in Vancouver by ALS. Platinum, palladium, and gold values were determined together using standard lead oxide collection fire assay and ICP-AES finish. Base metal values were determined using sodium peroxide fusion and ICP-AES finish. Silver values were determined using an aqua regia digestion and an AAS finish. Platinum, palladium, and gold values were determined together using standard lead oxide collection fire assay and ICP-AES finish.
About SPC Nickel Corp.
SPC Nickel is a Canadian public corporation focused on exploring for high-grade polymetallic Cu-Ni-PGM mineralization in Nunavut and within the world-class Sudbury Mining Camp. SPC Nickel is currently exploring its unique district-scale polymetallic Muskox Project in Nunavut where the team recently completed its 2025 summer field program. The Company is also advancing its 100%-owned exploration project Lockerby East located in the heart of the historic Sudbury Mining Camp, which includes the West Graham Resource and the LKE Resource. SPC Nickel is committed to advancing high-potential polymetallic projects in Tier-1 jurisdictions across Canada with an emphasis on Nunavut and Sudbury.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this news release constitutes 'forward-looking information' within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as 'plans', 'proposes', 'estimates', 'intends', 'expects', 'believes', 'may', 'will' and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of SPC Nickel. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, SPC Nickel expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Contact:
Tel: 705-669-1777
Email: info@spcnickel.com
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