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 [...]
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 [...]
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