Toronto, Ontario, 12 March 2025: Class 1 Nickel and Technologies Limited (CSE: NICO | OTCQB: NICLF) (“Class 1” or the “Company”) is pleased to announce that it has engaged Geotech Ltd (“Geotech”) to fly a helicopter-borne VTEM^TMPlus time-domain electromagnetic and horizontal magnetic-gradiometric survey (the “Survey”) over its River Valley PGE Project (the “RV Project”), located about 65 kilometres northeast of the City of Sudbury, Ontario, Canada. The RV Project covers about 2,916 ha, within which lies several kilometres of prospective geology and known PGE-bearing sulphide mineralization categorized as Contact-Style PGE-Cu-Ni hosted by the River Valley Intrusion (“RVI”). 

The Geotech crew has mobilized to site and surveying will begin soon. The Survey is planned to cover approximately 381 line-km covering part of the southern contact and part of the eastern footwall of the RVI (Figure 1).

• First-ever VTEM^TM Plus survey to cover the southeast contact of the RVI including the multi-kilometre Crerar PGE Trend (Figure 1).
• Geotech Ltd.’s proprietary VTEM™ Plus to be deployed to test the extent of near-surface sulphide-hosted Contact-Style PGE-Cu-Ni sulphide mineralization.
• Ability of the VTEM™ Plus system to define deeper sulphide-rich Ni-Cu deposits, which have not been extensively explored for within the RVI, could offer new exploration targets.

Geophysical surveys are not definitive and do not carry any guarantee of a mineral discovery.

CEO David Fitch commented, “Progressing exploration on the River Valley PGE Project is a significant step forward for the Company as we continue to explore for sulphide-hosted PGE-Cu-Ni mineralization in areas of Ontario with excellent infrastructure. The centre of the Project is approximately 60 km east-northeast of the City of Greater Sudbury, Ontario and is immediately south of the advanced River Valley Palladium Project being developed by New Age Metals Inc.”

River Valley PGE Project

The River Valley PGE Project, covering known Contact-Style PGE-Cu-Ni sulphide mineralization (Crerar PGE Trend) in the southern part of the intrusion (Figure 1), provides PGE-focused exploration upside to the Company’s portfolio as well as exposure to critical minerals, PGE, copper, and nickel. The RV Project is underlain by gabbroic to anorthositic rocks of the Paleoproterozoic RVI with a focus on targeting the productive Marginal and Inclusion-Bearing zones.

Known mineralization in the RV Project is in a similar geological environment as that being explored and developed by New Age Metals Inc. on their River Valley Palladium Project (4,856 ha), which contains an estimated 2.25M ounces Pd + Pt + Au (Measured & Indicated) and 1.59M ounces Pd + Pt + Au (Inferred), and an advanced Preliminary Economic Assessment study completed in 2023 (New Age Metals website www.newagemetals.com/river-valley-palladium-project/).

Results from neighboring properties do not necessarily reflect those that exist within Class 1 Nickel’s RV Project.

Figure 1. Outline of the RV Project mining claims (red property boundary) that define the River Valley PGE Project and the area being surveyed (light blue) using Geotech’s VTEM^TM Plus airborne system (base geology from the Ontario geological Survey).

Qualified Person

Technical information and data in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo., PGO #0183), a geological consultant to the Company, and a Qualified Person under the definitions established by National Instrument 43‐101.

About Class 1 Nickel  

Class 1 Nickel and Technologies Limited (CSE: NICO | OTCQB: NICLF) is a Mineral Resources Company focused on the exploration and development of its 100% owned komatiite-hosted nickel sulphide projects: the Alexo-Dundonald Project, neat Timmins, Ontario (4 nickel sulphide deposits) and the Somanike Project, near Val-d’Or, Quebec (includes the historical Marbridge Ni-Cu Mine). Both projects comprise extensive property packages covering past-producing nickel mines, offering near-term production opportunity and excellent exploration upside.

Class 1’s current focus is to advance the Alexo-Dundonald Project back into production and at the same time continue brownfield and greenfield exploration on its large property package to aggregate additional nickel resources. The A-D Project sits on a 14+ km strike-length, folded komatiite unit containing several nickel-copper-cobalt and PGE Mineral Resources plus numerous underexplored sulphide occurrences. Decades of successful capital expenditure and investment into the Project has resulted in the discovery and delineation of four main nickel Mineral Resources that occur along the folded komatiite unit. The A-D Project was previously mined (ca. 2005) via a direct shipping model, and the Company will soon commence a Preliminary Economic Assessment (PEA) study to determine the best path forward.

In addition, the Company also holds 100% interest in its River Valley PGE Project located about 65 km northeast of the City of Sudbury, the world’s largest and longest operating nickel-copper-cobalt-PGE mining camp. See the Company’s 13 December 2023 new release for additional information. 

For more information, please contact: 

Mr. David Fitch, President & CEO

T: +61.400.631.608

E: info@class1nickel.com

For additional information please visit our website at www.class1nickel.com and our Twitter feed: @Class1Nickel.

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at SEDAR+ (www.sedarplus.ca). Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

TORONTO, June 26, 2023 (GLOBE NEWSWIRE) — Class 1 Nickel and Technologies Ltd. (CSE: NICO/OTCQB: NICLF) (“Class 1 Nickel” or the “Company”) 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 (Platinum-Group Elements) horizon at its River Valley PGE Project (the “Project” or the “Property”), located about 100 road-km east of Sudbury, Ontario, Canada.

Figure 1. Location of the River Valley PGE Project near the City of Sudbury, Ontario, Canada.

The River Valley PGE Project is located in Crerar and Dana townships, Sudbury Mining Division, northeastern Ontario, Canada. The centre of the Project is approximately 100 km east-northeast of the City of Greater Sudbury. The Project is immediately south of the River Valley Palladium Project, an advanced PGE (palladium>platinum) property being developed by New Age Metals.

The Company has decided to use biogeochemical sampling methods, a less intrusive method than traditional techniques, to define potential drilling targets and aimed at minimizing environmental impact. The less common technique involves taking samples of plants (tree twigs, bark, etc.) at predetermined locations in a forest ecosystem and having them analyzed by a specialized laboratory with the aim of identifying the presence of PGE and 50 other pathfinder elements that may be concentrated in the plant. Due to the high solubility of plant tissues this method provides an effective way to index mineral content in the soil and use elemental concentrations to vector on new PGE targets.

Subsequently, the collected plant material is carbonized (480°C), digested in an acid (proprietary acid), and then analyzed. Biogeochemical surveys were planned and completed by the firms, ABG Exploration Inc. and GMY Inc.

If the biogeochemical tests prove successful, the Company will carry out a more detailed investigation, covering larger target areas within the Project. In addition, to confirming the presence of pathfinder elements not necessarily detected by other exploration methods, biogeochemistry + B-horizon soil geochemistry should maximize the chances of providing higher quality drill targets, reducing the number of drilled sites, and thereby reducing the environmental impact of the program.

The interpretation of the geochemical data collected will be entrusted to the Company’s Vice-President Exploration, Mr. Alexandr Beloborodov (P.Geo.).

“Biogeochemistry is a proven method of locating zones of mineralization. Respectful of the environment and less intrusive, it makes it possible to better specify locations to carry out drilling work and therefore to limit it to what is strictly necessary in order to preserve the forest ecosystem. This is one of the practices that Class 1 Nickel favours to help maintain its unwavering commitment to carry out exploration that respects the principles of sustainable development,” said Mr. Beloborodov.

Results from the two types of geochemical surveys will be integrated into the Company’s exploration database for comprehensive interpretation and targeting to develop high-priority drill targets.

Figure 2: General geological map of the River Valley Intrusion showing the location of the main PGE occurrences (red triangles) within the Marginal Series (Zone) and the mining claims boundary of the River Valley PGE Project (after Jobin-Bevans, 2004).

About The River Valley PGE Project 

The River Valley PGE Project is underlain by gabbroic to anorthositic rocks of the River Valley Intrusion (“RVI”) which provide a highly-prospective target for PGE exploration (e.g., Jobin-Bevans, 2004). Most PGE mineralization in the RVI occurs along the margins of the intrusion (Contact-Style PGE-Cu-Ni) within the brecciated and sulphide mineralized Marginal Series (Marginal and Inclusion-Bearing zones) (or Marginal Series), forming the focus of exploration at surface and in 3D, using geophysical surveys such as Induced-Polarization, magnetics, and gravity.

Since 1999, historical exploration work on the Project has included mapping, geophysics, trenching and diamond drilling by Mustang Minerals Corp. (South Grid, Crerar Township) and Aquiline Resources Inc. (northwest of the Project and into Dana Township) targeting PGE mineralization. Earlier exploration work was conducted by Falconbridge Nickel Mines Ltd (1965), Tomrose Mines Ltd. (1963-1966), and McIntyre Porcupine Mines Ltd (1956), targeting nickel-copper sulphide mineralization.

Potentially significant mineralization discovered to date on the Project consists of PGE-Cu-Ni sulphide, focused within an approximately 3-km trend of mineralized Breccia Unit (Marginal Series/Marginal Zone) along the southeastern contact of the RVI in the southeastern part of the Project, referred to as the “Crerar Trend.”

Sudbury, Ontario is a major mining, mineral processing and metals recovery centre (Ni-Cu-Co-PGE), with a long-established history in mining and exploration and the Sudbury Basin is the world’s second largest supplier of nickel ore.

Qualified Person

The technical information in this news release has been reviewed and approved by Alexandr Beloborodov (P.Geo.), geological consultant of the Company, who is a Qualified Person under the definitions established by National Instrument 43‐101.

About Class 1 Nickel 

Class 1 Nickel and Technologies Limited (CSE: NICO/OTCQB: NICLF) is a Mineral Resource Company focused on the exploration and development of its 100% owned Somanike komatiite hosted nickel-copper sulphide project in Quebec, which includes the historical Marbridge Mine. Additionally, the Company also owns the Alexo-Dundonald Project, a portfolio of komatiite-hosted magmatic nickel-copper-cobalt sulphide deposits located near Timmins, Ontario and the River Valley PGE Project, located immediately south of New Age Metal’s River Valley Palladium Project, about 65 km northeast of Sudbury, Ontario.

For more information, please contact: 

Mr. David Fitch, President & CEO

E: info@class1nickel.com

For additional information please visit our website at www.class1nickel.com and our Twitter feed: @Class1Nickel.

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

TORONTO, Feb. 03, 2022 (GLOBE NEWSWIRE) — Class 1 Nickel and Technologies Ltd. (CSE: NICO/OTCQB: NICLF) (“Class 1 Nickel” or the “Company”) is pleased to announce that the Company has expanded its land position through staking at its 100% owned River Valley PGE Project (the “Project”) located about 60 to 70 km northeast of Sudbury, Ontario, Canada. This latest acquisition, referred to as “River Valley East Property”, increases its total land holdings in the Project to approximately 4214 hectares.

David Fitch, President of Class 1 Nickel, commented, “We look forward to exploring this new addition to our prospective land position on the River Valley PGE Project which includes historical showings and limited drilling on the separate “Crerar Township Property” which covers historical results ranging from 0.01 to 2.2 g/t Pt+Pd+Au from rock grab samples and 2.78 g/t Pt+Pd+Au over 1.5 m from past diamond drilling. We believe that this Project provides an excellent opportunity to explore and potentially build PGE mineral resources near the well-established Ni-Cu-PGE mining camp of Sudbury.”

About the River Valley PGE Project

The new staking comprising the River Valley East Property consists of 97 contiguous mining claims (approximately 2129 ha) whereas the separate Crerar Township Property comprises 95 contiguous mining claims (approximately 2085 ha). The River Valley East Property is located immediately east and the Crerar Township Property immediately south of New Age Metals Inc.’s River Valley Palladium Project which is at the Preliminary Economic Assessment stage and has started a pre-feasibility study.

The Project is located within a geologically diverse area that straddles the Superior (Neoarchean), Southern (Paleoproterozoic) and Grenville (Mesoproterozoic) Provinces of the Canadian Shield. Of particular importance to the Project are a series of large, east-northeast-trending, layered, mafic igneous intrusions referred to as the East Bull Lake Intrusive Suite and which include the River Valley Intrusion. These intrusions are notable for containing high concentrations of PGE-Cu-Ni sulphide mineralization hosted in reef and/or contact-type deposits and occurrences. Contact-type sulphide mineralization is the primary target in the River Valley Intrusion, hosted largely by the Marginal Series rocks that are dominated by the PGE-bearing Breccia Unit.

Disclosure

Mineralization occurring on other exploration properties in the area is not necessarily indicative of mineralization hosted on the Company’s Project. Historical information and data referred to in this news release has not been independently verified by a Qualified Person. Drill hole intervals in this news release are presented as core lengths and are not considered true widths.

Qualified Person

Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo.), an independent consultant and Qualified Person under the definitions established by National Instrument 43-101.

About Class 1 Nickel

Class 1 Nickel and Technologies Limited (CSE: NICO/OTCQB: NICLF) is a mineral resources company focused on the development of its 100% owned Alexo-Dundonald Property, a portfolio of komatiite-hosted magmatic sulphide Ni-Cu-Co-PGE mineral resources located near the City of Timmins, Ontario. The Company also owns the Somanike komatiite-hosted magmatic sulphide Ni-Cu property in Quebec, which includes the famous Marbridge Nickel Mine, and the 100% owned River Valley PGE Project located about 65 km northeast of Sudbury, Ontario.

For more information, please contact:

David Fitch, President
T: +61 400.631.608
E: dfitch@class1nickel.com

For additional information please visit our website at www.class1nickel.com and our Twitter feed:@Class1Nickel.

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.