The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of 486 mining claims located in the Texmont ultramafic trend, Timmins, Ont., pursuant to 10 purchase and sale agreements entered into between Canada Nickel Company Inc. and arm's-length parties (each a vendor).

Under the terms of the purchase agreements, the company has agreed to acquire the properties by issuing an aggregate of 504,500 common shares and paying $262,150 in cash to the vendors.

Furthermore, the company has granted a 2-per-cent net smelter return royalty (the NSR) to several of the vendors as part of these agreements. The company has an option to buy back half of each such NSR granted (1 per cent) for a $1-million cash payment.

For further details, please refer to the company's news releases dated June 22, 2023, and Sept. 6, 2023.