Canada Nickel Sheds Gold Assets to Focus on Crawford Project

Under the terms of the deal signed July 13, 2026, Noble will issue five million units to Canada Nickel, each valued at $0.06 and consisting of one common share and a half-warrant. The agreement includes a back-in right that allows Canada Nickel to reacquire a 25% interest in the gold property. This option triggers after 36 months, upon the completion of $5 million in exploration expenditures by Noble, or if the property is sold or undergoes a change of control.

Simultaneously, Canada Nickel has expanded its presence in the Crawford area by acquiring 100% of a set of mining claims in Lucas Township. The company funded this acquisition through the issuance of 60,000 common shares and the inclusion of a 1.5% net smelter return royalty. CEO Mark Selby noted that the divestment of the non-core gold asset allows the firm to streamline its portfolio. The transaction remains subject to final regulatory approvals and the execution of a definitive agreement.