Ankündigung • Jun 13
CaNickel Mining Limited Announces Director Resignations CaNickel Mining Limited at its annual meeting of shareholders held on June 11, 2025, Myles Gao, Lorne Waldman, Kevin Zhu and Weiliang Wang did not stand for renomination to the Board. Board Change • Apr 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. Independent Director Lorne Waldman was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Mar 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. Independent Director Lorne Waldman was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jan 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. Independent Director Lorne Waldman was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. Independent Director Lorne Waldman was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • May 30
New major risk - Revenue and earnings growth Earnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.2m free cash flow). Shares are highly illiquid. Negative equity (-CA$112m). Earnings have declined by 2.3% per year over the past 5 years. Revenue is less than US$1m (CA$11k revenue, or US$8.2k). Market cap is less than US$10m (CA$1.50m market cap, or US$1.09m). Ankündigung • Nov 13
CaNickel Mining Limited Announces Chief Executive Officer Changes CaNickel Mining Limited announced that it has promoted Shirley Anthony from VP Corporate Development to the position of Chief Executive Officer, effective immediately. Ms. Anthony fills in the role from Kevin Zhu, who has resigned to pursue other opportunities. Mr. Zhu will continue to serve as a director of the Company. Ms. Anthony has over 15 years of corporate communications, investor relations, strategic marketing and corporate development experience at numerous publicly traded North American resource companies ranging from early-stage exploration to production. Most recently, she held the role of VP Investor Relations and Communications with Cassiar Gold Corp. Prior to that, she held roles as Director, Corporate Communications with Maple Gold Mines; VP, Corporate Communications for International Tower Hill Mines; Manager, Corporate Communications for Corvus Gold; and Corporate Communications Manager for Silvercorp Metals. Ms. Anthony holds a Bachelor of Arts degree in Interdisciplinary Studies from the University of British Columbia and is based in Vancouver, B.C. Ankündigung • Jun 13
CaNickel Mining Limited, Annual General Meeting, Aug 17, 2023 CaNickel Mining Limited, Annual General Meeting, Aug 17, 2023. Ankündigung • Jan 17
CaNickel Mining Ltd. Releases Summary of Results of Current Independent Preliminary Economic Assessment and Mineral Resource Estimate on Its Bucko Lake Mine CaNickel Mining Ltd. released a summary of the results of a current independent Preliminary Economic Assessment (PEA) and Mineral Resource Estimate (MRE) on the Company's Bucko Lake Mine (the Project) located 110 km southwest of Thompson, Manitoba near the Town of Wabowden. The PEA outlines a mine life of 13 years with average annual production of 7.8 million pounds of nickel at average cash costs and all-in sustaining costs (AISC) per pound of nickel of USD 4.91 and USD 6.48, respectively. Preparation of PEA: The PEA was prepared by independent firm P&E Mining Consultants Inc. of Brampton, Ontario, with geotechnical assistance from Knight Piésold Ltd. and backfill assistance by Paterson & Cooke Canada Inc. The PEA was prepared in accordance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and has an effective date of January 13, 2023. For the PEA base case, a nickel price of USD 9.84/lb was used. Updated Mineral Resource Estimate: The updated MRE incorporates results from a total of 428 drill holes drilled from 1962 to 2013, of which 360 drill holes intersected the mineralization wireframes used for the MRE. Additionally, recent metal prices were incorporated into the estimate for the PEA. The MRE, with an effective date of January 13, 2023. Mineralization domain boundaries were determined from grade boundary interpretation constrained by lithological and structural controls determined from visual inspection of drill hole cross-sections and level plans. The domain outlines were influenced by the selection of mineralized material above 0.70% Ni that demonstrated a lithological and structural zonal continuity along strike and down dip and that had a reasonable prospect of economic extraction. The minimum constrained down-hole sample length for the wireframes was 2.0 m. In some cases, mineralization below 0.70% Ni was included for the purpose of maintaining zonal continuity and minimum mining width. On each cross-section, polyline interpretations were digitized from drill hole to drill hole, however, were not extended more than 25 m into untested territory. The interpreted polylines from each cross-section were wireframed into 3-Dimensional solids. The resulting solids (domains) were used for statistical analysis, grade interpolation, rock coding and Mineral Resource reporting purposes. Four mineralization domains were constructed for consideration for potential economic underground mining of the Mineral Resource Estimate. In order to regularize the assay sampling intervals for grade interpolation, a 1.5 m compositing length was selected for the drill hole intervals that fell within the constraints of the above-mentioned Mineral Resource wireframe domains. Grade capping was investigated and applied to the 1.5 m composite values in the database within the constraining domain to ensure that the possible influence of erratic high-grade values did not bias the database. A variography analysis was undertaken as a guide to determining a grade interpolation search strategy. The Ni and Cu grade blocks in the model were interpolated with the Inverse Distance Squared method. The model block size was 2.5 m x 2.5 m x 2.5 m. The Nearest Neighbour interpolation method was utilized for validation. Additional mineralization at the Bucko Lake property not captured in the PEA include four known satellite deposits located 4 to 30 km distance from the main deposit. These include the Bowden Lake, M11A, Halfway Lake and Apex prospects. All four deposits have historical mineral resources which the Company will update into compliant NI 43-101 Mineral Resource Estimates in the coming months. These satellite deposits represent an opportunity for extending the operational life of the Project, which will be evaluated in future studies. Underground Mine Development: Despite underground development challenges associated with geotechnical stability experienced during previous operations at the Bucko Lake Mine from 2009 to 2012, there are no significant technical issues to preclude successful mining and processing of the nickel-copper mineralization. Optimization of mining methods and Life of Mine planning with cemented paste backfill hold the key to a successful mine restart and the PEA has adopted the following mine development strategy to overcome previously known issues: Rehabilitate and re-use existing development where possible while avoiding stopes in historical production areas: Refit and re-use the existing shaft for broken rock conveyance; Rehabilitate and re-use the existing ramp for trackless equipment access; Convert the existing 1,000 ft (305 m) Level exploration drift into new primary access on hanging wall (HW) side of the deposit; Change access orientation to the HW from the footwall (FW) to improve geotechnical stability of the parallel wireframed domains. Improve the ventilation system by relocating ventilation raises to the HW side of the deposit using raise-bores from the 1,000 ft Level to surface. Postpone capital development while mining previously accessed areas. FW drifts will allow improved grade selection, bypassing low-grade areas and allowing improvement of the grade profile by targeting more high-grade areas earlier. Alimak ventilation raises will be attached to FW drifts to facilitate bypassing of levels in a mining block versus using drop raises, allowing further postponement of lateral development. Areas of development to be situated away from weaker ultramafic contact areas. Development will be done either outside the ultramafic unit or fully inside the unit with improved ground support versus previous efforts at the mine. Intersections with the ultramafic unit, while unavoidable, will be minimized. Mine design and planning were accomplished with the assistance of geomechanical input from Knight Piésold Ltd. based on the review of the historical mine performance, experience at similar operating mines, and empirical methods. Knight Piésold provided numerous recommendations on the PEA underground mine plan. Paterson & Cooke Canada Inc. reviewed the paste backfill system that was previously installed at the Bucko Lake Mine. The system was installed just prior to mine suspension in 2012 and therefore never commissioned. Recommendations were provided on rehabilitating equipment, completing the paste plant installation and future test work. Ankündigung • Nov 04
CaNickel Mining Limited Announces Appointment of Shirley Anthony as Vice President, Corporate Development CaNickel Mining Limited announced the appointment of Shirley Anthony as Vice President, Corporate Development, effective immediately. In this role, Ms. Anthony's responsibilities will include corporate development, contract negotiations, and oversight of the legal and financial matters of the Company. Ms. Anthony has over 14 years of corporate communications, corporate development, and strategic marketing experience at numerous publicly traded North American resource companies ranging from early-stage exploration to production. Most recently, she held the role of VP Investor Relations and Communications with Cassiar Gold Corp. Prior to that, she held roles as Director, Corporate Communications with Maple Gold Mines; VP, Corporate Communications for International Tower Hill Mines; Manager, Corporate Communications for Corvus Gold; and Corporate Communications Manager for Silvercorp Metals. Ms. Anthony holds a Bachelor of Arts degree in Interdisciplinary Studies from the University of British Columbia and is based in Vancouver, B.C. Reported Earnings • May 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CA$0.046 loss per share (down from CA$0.042 loss in 1Q 2021). Net loss: CA$1.74m (loss widened 11% from 1Q 2021). Revenue missed analyst estimates by 53%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Ankündigung • May 07
CaNickel Mining Limited, Annual General Meeting, Jul 20, 2022 CaNickel Mining Limited, Annual General Meeting, Jul 20, 2022. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CA$0.33 (up from CA$0.28 loss in FY 2020). Net income: CA$12.5m (up CA$23.0m from FY 2020). Revenue missed analyst estimates by 53%. Earnings per share (EPS) also missed analyst estimates by 600%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: CA$0.031 loss per share (vs CA$0.005 profit in 2Q 2020) Second quarter 2021 results: Net loss: CA$1.17m (down CA$1.36m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 05
First quarter 2021 earnings released: CA$0.042 loss per share (vs CA$0.27 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$320.0k (up 33% from 1Q 2020). Net loss: CA$1.56m (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year. Is New 90 Day High Low • Jan 26
New 90-day high: CA$0.20 The company is up 86% from its price of CA$0.11 on 27 October 2020. The Canadian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period.