logo
NICKEL CREEK UNAWARE OF ANY MATERIAL CHANGES

NICKEL CREEK UNAWARE OF ANY MATERIAL CHANGES

OAKVILLE, ON, May 28, 2025 /CNW/ – At the request of the Canadian Investment Regulatory Organization ('CIRO'), Nickel Creek Platinum Corp. (TSXV: NCP) ('Nickel Creek' or the 'Company') wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.
About Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. (TSXV: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company and its asset is its 100%-owned Nickel Shäw Project. The Nickel Shäw Project is a large undeveloped nickel sulphide project in one of the most favourable jurisdictions in the world, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shäw Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which offers year-round access to deep-sea shipping ports in southern Alaska.
The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.
Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump's tariffs to remain in effect after appeals court grants stay
Trump's tariffs to remain in effect after appeals court grants stay

The Sun

time3 hours ago

  • The Sun

Trump's tariffs to remain in effect after appeals court grants stay

WASHINGTON: A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs on Thursday, a day after a trade court had ruled Trump had exceeded his authority in imposing the duties and ordered an immediate block on them. The United States Court of Appeals for the Federal Circuit in Washington said it was pausing the lower court's ruling to consider the government's appeal, and ordered the plaintiffs in the cases to respond by June 5 and the administration by June 9. Wednesday's surprise ruling by the U.S. Court of International Trade had threatened to kill or at least delay the imposition of Trump's so-called Liberation Day tariffs on imports from most U.S. trading partners and additional tariffs on goods from Canada, Mexico and China. The latter was related to his accusation that the three countries were facilitating the flow of fentanyl into the U.S. The trade court's three-judge panel ruled that the Constitution gave Congress, not the president, the power to levy taxes and tariffs, and that the president had exceeded his authority by invoking the International Emergency Economic Powers Act, a law intended to address threats during national emergencies. Senior Trump administration officials had said they were undeterred by the trade court's ruling, saying they expected either to prevail on appeal or employ other presidential powers to ensure they go into effect. Trump has used the threat of charging U.S. importers costly tariffs for goods from almost every other country in the world as leverage in international trade talks, a strategy the trade court's ruling would upend. The trade court ruling had not interfered with any negotiations with top trading partners that are scheduled in the days ahead. A fourth round of talks with Japan is set for Friday in Washington, and a trade negotiating team from India is headed to the U.S. next week for talks. Many U.S. trading partners offered careful responses. The British government said the trade court's ruling was a domestic matter for the U.S. administration and noted it was "only the first stage of legal proceedings." Both Germany and the European Commission said they could not comment on the decision. Canadian Prime Minister Mark Carney welcomed the trade court's finding, saying it was "consistent with Canada's longstanding position" that Trump's tariffs were unlawful. Financial markets, which have whipsawed wildly in response to every twist and turn in Trump's chaotic trade war, had reacted with cautious optimism to the trade court ruling, though gains in stocks on Thursday were largely limited by expectations that the court's ruling faced a potentially lengthy appeals process. Indeed, analysts said broad uncertainty remained regarding the future of Trump's tariffs, which have cost companies more than $34 billion in lost sales and higher costs, according to a Reuters analysis. Some sector-specific tariffs, such as those on imports of steel, aluminum and automobiles, were imposed by Trump under separate authorities on national security grounds and were unaffected by the ruling. The Liberty Justice Center, the nonprofit group representing five small businesses that sued over the tariffs, said the appeals court's temporary stay was a procedural step. Jeffrey Schwab, senior counsel for the center, said the appeals court would ultimately agree with the small businesses that faced irreparable harm of "the loss of critical suppliers and customers, forced and costly changes to established supply chains, and, most seriously, a direct threat to the very survival of these businesses." A separate federal court earlier on Thursday had also found Trump overstepped his authority in using the International Emergency Economic Powers Act for what he called reciprocal tariffs of at least 10% on goods from most U.S. trading partners and for the separate 25% levies on goods from Canada, Mexico and China related to fentanyl. That ruling was much narrower, however, and the relief order stopping the tariffs applied only to the toy company that brought the case. The administration has appealed that ruling as well. UNCERTAINTY PERSISTS Following a market revolt after his major tariff announcement on April 2, Trump paused most import duties for 90 days and said he would hammer out bilateral deals with trade partners. But apart from a pact with Britain this month, agreements remain elusive, and the trade court's ruling on the tariffs and the uncertainty of the appeals process may dissuade countries like Japan from rushing in to deals, analysts said. "Assuming that an appeal does not succeed in the next few days, the main win is time to prepare, and also a cap on the breadth of tariffs - which can't exceed 15% for the time being," said George Lagarias, chief economist at Forvis Mazars international advisers. The trade court ruling would have lowered the overall effective U.S. tariff rate to about 6%, but the appellate court's emergency stay means it will remain at about 15%, according to estimates from Oxford Research. That is the level it has been since Trump earlier this month struck a temporary truce that reduced punishing levies on Chinese goods until late summer. By contrast, the effective tariff rate had been between 2% and 3% before Trump returned to office in January. Trump's trade war has shaken makers of everything from luxury handbags and sneakers to household appliances and cars as the price of raw materials has risen. Drinks company Diageo and automakers General Motors and Ford are among those that have abandoned forecasts for the year ahead. Non-U.S. companies including Honda, Campari , Roche and Novartis have said they are considering moving operations or expanding their U.S. presence to mitigate the impact of tariffs.

CIBC Declares Dividends for the Quarter Ending July 31, 2025
CIBC Declares Dividends for the Quarter Ending July 31, 2025

Malaysian Reserve

time17 hours ago

  • Malaysian Reserve

CIBC Declares Dividends for the Quarter Ending July 31, 2025

TORONTO, May 26, 2025 /CNW/ – CIBC (TSX: CM) (NYSE: CM) announced today that its Board of Directors declared a dividend of $0.97 per share on common shares for the quarter ending July 31, 2025 payable on July 28, 2025 to shareholders of record at the close of business on June 27, 2025. Class A Preferred SharesThe Board of Directors also declared the following dividends per share: For the period ending July 31, 2025 payable on July 28, 2025 to shareholders of record at the close of business on June 27, 2025: Series 43 – $0.196438Series 47 – $0.367375 About CIBC CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at

Canada Post reports $841-million loss before tax for 2024
Canada Post reports $841-million loss before tax for 2024

Malaysian Reserve

timea day ago

  • Malaysian Reserve

Canada Post reports $841-million loss before tax for 2024

Losses worsened by strike impact as the postal service requires urgent changes to address its financial sustainability and serve the needs of a changing Canada OTTAWA, ON, May 28, 2025 /CNW/ – Canada Post recorded a loss before tax of $841 million in 2024 – the seventh consecutive annual loss for the Corporation. The significant challenges Canada Post has confronted in recent years continued to mount in 2024 and were escalated by a 32-day national strike. Key highlights from 2024 include: Canada Post's operating loss for the year was nearly $1.3 billion. The loss from operations excludes non-recurring gains and dividend income from the Corporation's divestitures of SCI Group Inc. and Innovapost Inc. in the first half of the year. Without the divestitures, Canada Post's $841-million loss before tax for 2024 would have been significantly larger. Since 2018, Canada Post has lost more than $3.8 billion before taxes. Letter mail continued to decline and the company's Parcels business remained under threat in a competitive delivery market. Outdated operating, regulatory and policy constraints continued to severely limit the company's ability to adapt to the changing needs of the country. The company's 2024 loss before tax widened by $93 million, or 12.4 per cent¹, compared to a $748-million loss before tax in 2023. Revenue for the year declined by $800 million, or 12.2 per cent, compared to 2023, falling across the Parcels, Transaction Mail and Direct Marketing lines of business. Impact of 2024 national strike The national strike by the Canadian Union of Postal Workers (CUPW) in the fourth quarter had a significant impact on the lines of business in 2024, with the largest impact on the Parcels business. The Corporation estimates that the labour disruption contributed a net negative impact of $208 million toward Canada Post's $841-million loss before tax. Revenue fell much more than costs during the strike period. Labour and benefits represented approximately 65 per cent of total operating costs in 2024. A challenging labour disruption for employees and all Canadians The national strike by CUPW in the fourth quarter of 2024 had a significant impact on the company, Canadian businesses, charities and the millions of Canadians who rely on the postal service. To reach agreements, Canada Post put forward proposals for a more flexible delivery model that would sustain the business, while increasing wages, enhancing leave entitlements, and protecting the defined benefit pension and job security provisions for current employees. On November 15, 2024, CUPW launched a national strike during the peak holiday season that had a net negative impact of $208 million on the company's financial results – with broader consequences felt across the country. The prolonged uncertainty from the strike continues to affect the company. Many customers who turned to other carriers for their shipments have not yet returned to Canada Post – and that's expected to have a financial impact well into 2025 and beyond. A postal service under threat The Corporation's long-standing mandate is to deliver to all Canadians – living in urban, rural and remote areas – and to stand on its own financially, based on revenue generated from products and services, not taxpayer dollars. It's a user-pay model meant to keep the postal service attuned to the evolving expectations of Canadians. To do so, Canada Post must be able to change as the needs of the country change. However, the Corporation is rapidly falling behind. At this critical moment in Canada Post's history, broader change is urgently needed to preserve and modernize the postal system. The Corporation needs flexibility in its delivery model, collective agreements, and regulatory and policy framework to better serve Canadians and compete in today's parcel delivery market. Without significant changes to modernize and preserve this critical national infrastructure, Canada Post projects larger, unsustainable losses in future years. The future of the national postal system is at risk. Preventing insolvency with repayable funding from the Government of Canada To ensure the company could remain solvent and continue operating, the Government of Canada announced in early 2025 it would make available to Canada Post up to $1.034 billion of repayable funding during the government's fiscal year ending March 31, 2026. While the repayable funding will ensure the continuity of postal services and stability for the workers who depend on their pay and benefits, it will not solve Canada Post's structural issues. The funding provides a much-needed financial bridge in the short term as the company works with the federal government on the urgent changes required to ensure the long-term viability of the postal system. Statement from Doug Ettinger, President and CEO of Canada Post 'Canada Post is Canada's delivery infrastructure. We have the network, the people and the trusted experience to support all Canadians and Canadian retailers. We must be prepared to do what's necessary to help deliver for Canada as it navigates a challenging future. Our current structure was built for a bygone era of letter mail – the status quo has led us to the verge of financial insolvency and is not an option. The need to change, respond to our challenges and secure this important infrastructure for the future is more urgent than ever before.' Parcels Parcels revenue declined by $683 million, or 20.3 per cent, in 2024 as volumes fell by 56 million pieces, or 19.9 per cent, compared to 2023. Parcels revenue and volumes declined largely due to the labour disruption in the fourth quarter and competitive pressures from other carriers including low-cost new entrants. Changes in customer mix and a decline in fuel surcharges (tied to market rates) also affected Parcels revenue in 2024. Transaction Mail Transaction Mail revenue fell by $105 million, or 5.3 per cent, in 2024 as volumes declined by 187 million pieces, or 9.3 per cent, compared to 2023. Letter mail volumes continued to erode as Canadians and businesses shift to digital communications. The labour disruption at the end of 2024 also affected volumes and revenue for the line of business, as Canadians, charities and businesses could not send mail during the busy holiday period. The regulated postage rate increase in May 2024, which represented a weighted average increase of 7.6 per cent, helped mitigate the impact on revenue. Direct Marketing Direct Marketing revenue declined by $21 million, or 3.0 per cent, in 2024 as volumes increased by 102 million pieces, or 1.8 per cent, compared to the prior year. New customer relationships and client products helped increase sales for the Canada Post Neighbourhood Mail™ service in the first 10 months of the year. This growth was offset by the impacts of the labour disruption, when businesses paused or cancelled marketing campaigns during the busy holiday period. While Direct Marketing revenue has declined partly due to the emergence of other marketing platforms, Canada Post continues to look at ways to integrate physical and digital experiences to enhance its marketing solutions. Group of Companies In 2024, the Canada Post Group of Companies2 recorded a loss before tax of $665 million, compared to a loss before tax of $529 million the previous year. The results for the Group of Companies were mainly due to the loss by the Canada Post segment. Purolator Holdings Ltd. recorded a profit before tax of $294 million compared to $293 million in 2023. In early 2024, Canada Post and Purolator announced the divestiture of 100 per cent of the shares of SCI Group Inc. and Innovapost Inc. The SCI and Innovapost divestitures closed March 1, 2024, and April 15, 2024, respectively. Background The Canada Post Group of Companies' operations are funded by revenue generated by the sale of its products and services, not taxpayer dollars. 1 All percentage values in this news release are calculated on values rounded to the nearest thousand. Values are also adjusted for differences in business days and paid days between comparison periods. In 2024, there were two additional business days and two additional paid days compared to 2023. When comparing year-over-year results, additional business days result in higher revenue, while additional paid days result in higher costs. 2 At the end of 2024, the Canada Post Group of Companies consisted of the core Canada Post segment and its non-wholly owned subsidiary Purolator Holdings Ltd. TM Trademark of Canada Post Corporation.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store