Latest news with #CanadaNickelCompanyInc
Cision Canada
28-05-2025
- Business
- Cision Canada
Canada Nickel Reports Continued Exploration Success at Reid, Mann West and Deloro
Highlights Mann West – successful final three holes, Mann West initial resource to be published in June 0.33% nickel over 52 metres within 480 metres of 0.27% nickel in hole MAN24-65 Reid – successful infill drilling program to support an updated resource by year-end 2025 0.27% nickel over 711 metres including 0.45% nickel over 39 metres within 0.37% nickel over 120 metres in REI24-70 Deloro – successful infill drilling with shallow overburden to support updated resource by year-end 2025 0.38% nickel over 48 metres within 347 metres of 0.26% nickel in hole DEL24-35, with mineralization starting at 6 metres below surface TORONTO, May 28, 2025 /CNW/ - Canada Nickel Company Inc. (" Canada Nickel" or the " Company") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce additional exploration drilling results from the Reid, Mann West and Deloro properties. CEO Mark Selby said, "The Timmins Nickel District continues to deliver excellent exploration results from Reid, Mann West and Deloro. We look forward to initial resources from three of our projects (Mann West, Mann Central, and Texmont) in June 2025. The results from Reid continue to show impressive continuity for both the overall mineralization and higher-grade zones, and Deloro continues to deliver excellent intervals with shallow overburden. The results will support conversion of potential resources at both projects, and we expect to publish updated resources by year-end 2025. I am excited by our ongoing and clear demonstration of the potential of the Timmins Nickel District, with six resources to be published by the end of June and three additional resources to be published through the remainder of 2025." Reid Project Highlights: 0.27% nickel over 711 metres, including 0.45% nickel over 39 metres within 0.37% nickel over 120 metres in REI25-70 0.27% nickel over 620.0 metres, including 0.38% nickel over 21.0 metres within 178.0 metres of 0.30% in REI24-59 The initial mineral resource for Reid was published in late 2024 by Canada Nickel (see news release dated December 23, 2024). Since that time, drilling has continued with the goal of adding to the resource in the Measured, Indicated and Inferred categories. Assays from the last three drillholes of the 2024 campaign are presented here (see Table 1 and Figure 1). Reid is a large serpentinized ultramafic consisting mainly of dunite and minor peridotite with multiple intervals of higher-grade nickel mineralization. Near the centre of the intrusion is the "Central Dyke Corridor" which has slightly lower grades of nickel that are interrupted by north-south oriented dykes. Twenty-eight additional drillholes were completed in the spring of 2025 at Reid, with eight drillholes presented in this release. These holes all intersected long mineralized intervals comprised mainly of dunite and minor peridotite. REI24-59 and REI25-70 were both drilled in the western half of the geophysical target where it intersected higher grade nickel mineralization, confirming the continuity on strike of one higher grade horizon that is oriented west-northwest to east-southeast. Drilling through the Central Dyke Corridor encountered thick intervals of mineralization including REI25-68 which intersected 0.28% nickel over 471.6 metres. Twenty drillholes remain to be released with assays pending. Table 1 – Reid drilling highlights *True width undetermined. All lengths are drillhole lengths. Mann Property The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane, and is 80% owned by Canada Nickel and 20% by Noble Mineral Exploration through a company called East Timmins Nickel Ltd. The property hosts four separate targets: Mann North, Mann West, Mann Central and Mann South. Mann West Highlights: 0.33% nickel over 52 metres within 480 metres of 0.27% nickel in hole MAN24-65 Mann West is approximately 3.5 kilometres long by up to 1.1 kilometres wide (covering 3.4 square kilometres). Drilling focused on the southern half of the target and is now completed over a strike length of 1.7 kilometres and a width of at least 600 metres. The most recent drilling intersected long sections of well-serpentinized peridotite and minor dunite with disseminated and visible nickel sulphide mineralization consisting primarily of pentlandite and heazlewoodite. The Company has drilled a total of 39 holes at Mann West, 31 of which were drilled during the 2024 campaign (Figure 2). The company is currently working on an initial resource estimate expected in June 2025. Assays from the last three holes are presented in this release (Table 2). Table 2 – Mann West drilling highlights *True width undetermined. All lengths are drillhole lengths. Deloro Property Highlights: 0.38% nickel over 48 metres within 347 metres of 0.26% nickel in hole DEL24-35, with mineralization starting at 6 metres below surface 0.26% nickel over 411.0 metres in hole DEL24-40, with mineralization starting only 2 metres below surface The Company produced the first resource for the Deloro property in the summer of 2024 (see July 18, 2024 news release). Deloro shows consistent mineralization within the dunite and peridotite units, with thin overburden throughout the target, as seen in drillhole DEL24-40 with mineralization starting only 2 metres below surface. In the late fall of 2024, Canada Nickel drilled an additional 21 holes to infill and upgrade the existing resource. This release presents results for four drillholes (Table 3), with only one drillhole remaining. A resource update for Deloro is expected by end of year 2025. Table 3 – Deloro drilling highlights *True width undetermined. All lengths are drillhole lengths. Table 4: Drillhole Orientation Hole ID Easting (mE) Northing (mN) Azimuth (⁰) Dip (⁰) Length (m) REID REI24-59 456306 5404220 180 -50 654 REI24-60 456960 5403900 110 -82 648 REI24-61 457555 5403900 355 -75 651 REI25-62 457555 5403900 58 -72 528 REI25-63 456960 5404305 110 -50 351 REI25-64 456758 5404333 350 -60 522 REI25-66 456760 5403900 180 -60 468 REI25-67 456650 5403900 180 -60 501 REI25-68 457328 5404029 220 -50 351 REI25-69 457350 5404200 302 -55 577 REI25-70 456589 5403903 45 -84 738 MANN WEST MAN24-65 496679 5412221 215 -50 501 MAN24-101 496252 5412123 215 -50 501 MAN24-102 496059 5412169 215 -50 517 DELORO DEL24-35 480392 5361514 62 -50 375 DEL24-38 480481 5361153 70 -84 501 DEL24-39 480887 5361481 250 -50 402 DEL24-40 480525 5361008 78 -50 411 Statement Regarding TSX Venture Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Quality Assurance and Control, Drilling and Assaying Edwin Escarraga, MSc, a "Qualified Person" as defined by National Instrument 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The NQ sized core is collected from the drill in sealed core trays and transported to the core logging facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby. All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold, platinum and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are inserted at a rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis. Qualified Person and Data Verification Stephen J. Balch (ON), VP Exploration of Canada Nickel and a "Qualified Person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc. About Canada Nickel Company Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel ™, NetZero Cobalt ™, NetZero Iron ™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins Cochrane mining camp. For more information, please visit For further information, please contact: Cautionary Statement Concerning Forward-Looking Statements This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the Crawford Nickel Sulphide Project and the Properties, timing and completion (if at all) of mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development plans and results, corporate and technical objectives, receipt of TSX Venture Exchange approval for the acquisition described herein and the completion of the transaction. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law.
Yahoo
28-05-2025
- Business
- Yahoo
Canada Nickel Reports Continued Exploration Success at Reid, Mann West and Deloro
Highlights Mann West – successful final three holes, Mann West initial resource to be published in June 0.33% nickel over 52 metres within 480 metres of 0.27% nickel in hole MAN24-65 Reid – successful infill drilling program to support an updated resource by year-end 2025 0.27% nickel over 711 metres including 0.45% nickel over 39 metres within 0.37% nickel over 120 metres in REI24-70 Deloro – successful infill drilling with shallow overburden to support updated resource by year-end 2025 0.38% nickel over 48 metres within 347 metres of 0.26% nickel in hole DEL24-35, with mineralization starting at 6 metres below surface TORONTO, May 28, 2025 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce additional exploration drilling results from the Reid, Mann West and Deloro properties. CEO Mark Selby said, "The Timmins Nickel District continues to deliver excellent exploration results from Reid, Mann West and Deloro. We look forward to initial resources from three of our projects (Mann West, Mann Central, and Texmont) in June 2025. The results from Reid continue to show impressive continuity for both the overall mineralization and higher-grade zones, and Deloro continues to deliver excellent intervals with shallow overburden. The results will support conversion of potential resources at both projects, and we expect to publish updated resources by year-end 2025. I am excited by our ongoing and clear demonstration of the potential of the Timmins Nickel District, with six resources to be published by the end of June and three additional resources to be published through the remainder of 2025." Reid Project Highlights: 0.27% nickel over 711 metres, including 0.45% nickel over 39 metres within 0.37% nickel over 120 metres in REI25-70 0.27% nickel over 620.0 metres, including 0.38% nickel over 21.0 metres within 178.0 metres of 0.30% in REI24-59 The initial mineral resource for Reid was published in late 2024 by Canada Nickel (see news release dated December 23, 2024). Since that time, drilling has continued with the goal of adding to the resource in the Measured, Indicated and Inferred categories. Assays from the last three drillholes of the 2024 campaign are presented here (see Table 1 and Figure 1). Reid is a large serpentinized ultramafic consisting mainly of dunite and minor peridotite with multiple intervals of higher-grade nickel mineralization. Near the centre of the intrusion is the "Central Dyke Corridor" which has slightly lower grades of nickel that are interrupted by north-south oriented dykes. Twenty-eight additional drillholes were completed in the spring of 2025 at Reid, with eight drillholes presented in this release. These holes all intersected long mineralized intervals comprised mainly of dunite and minor peridotite. REI24-59 and REI25-70 were both drilled in the western half of the geophysical target where it intersected higher grade nickel mineralization, confirming the continuity on strike of one higher grade horizon that is oriented west-northwest to east-southeast. Drilling through the Central Dyke Corridor encountered thick intervals of mineralization including REI25-68 which intersected 0.28% nickel over 471.6 metres. Twenty drillholes remain to be released with assays pending. Table 1 – Reid drilling highlights Hole ID From(m) To (m) Length(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S % Main Area REI24-59 34.0 654.0 620.0 0.27 0.012 0.013 0.006 0.68 5.73 0.07 including 61.0 82.0 21.0 0.38 0.013 0.018 0.010 0.69 6.71 0.19 and 299.0 477.0 178.0 0.30 0.013 0.024 0.010 0.65 5.78 0.10 REI25-61 47.3 160.0 112.7 0.24 0.012 0.004 0.003 0.62 6.22 0.03 and 169.5 651.0 481.5 0.26 0.012 0.003 0.003 0.70 5.99 0.04 REI25-62 45.0 139.3 94.3 0.23 0.012 0.004 0.004 0.63 6.31 0.03 and 154.5 314.8 160.3 0.22 0.013 0.003 0.003 0.55 6.45 0.03 and 361.5 528.0 166.5 0.27 0.012 0.003 0.003 0.71 5.77 0.03 REI25-64 27.0 279.6 252.6 0.25 0.012 0.010 0.007 0.76 6.20 0.03 and 325.0 522.0 197.0 0.22 0.012 0.004 0.004 0.80 6.33 0.04 REI25-66 27.0 312.0 285.0 0.13 0.014 0.006 0.008 0.44 8.03 0.04 and 312.0 321.0 9.0 0.03 0.007 0.533 0.480 0.31 5.74 0.11 and 420.8 468.0 47.2 0.16 0.012 0.003 0.003 0.59 6.53 0.07 REI25-67 28.0 203.5 175.5 0.17 0.013 0.004 0.005 0.55 7.03 0.04 and 213.0 369.0 156.0 0.11 0.014 0.028 0.034 0.40 8.67 0.06 and 369.0 375.0 6.0 0.04 0.010 0.533 0.503 0.37 8.00 0.04 and 408.5 501.0 92.5 0.22 0.011 0.003 0.003 0.71 6.13 0.05 REI25-70 27.0 738.0 711.0 0.27 0.012 0.010 0.008 0.73 5.63 0.05 including 267.0 387.0 120.0 0.37 0.014 0.031 0.024 0.74 5.66 0.09 including 268.5 307.5 39.0 0.45 0.016 0.025 0.011 0.85 6.01 0.13 Central Dyke Corridor REI24-60 27.0 466.8 439.8 0.22 0.012 0.005 0.004 0.67 5.72 0.03 including 348.0 355.5 7.5 0.44 0.015 0.078 0.037 0.58 5.81 0.12 and 514.3 648.0 133.7 0.28 0.012 0.003 0.003 0.74 5.32 0.03 REI25-63 25.8 189.5 163.7 0.25 0.012 0.006 0.006 0.76 6.54 0.03 and 214.1 302.7 88.6 0.19 0.013 0.004 0.007 0.62 8.24 0.03 REI25-68 108.5 351.0 242.5 0.23 0.012 0.003 0.003 0.67 6.00 0.03 REI25-69 31.0 502.6 471.6 0.28 0.012 0.012 0.007 0.79 5.75 0.03 including 192.0 330.0 138.0 0.33 0.013 0.031 0.014 0.74 5.64 0.05 including 198.0 220.5 22.5 0.45 0.014 0.030 0.011 0.76 5.78 0.10 *True width undetermined. All lengths are drillhole lengths. Mann Property The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane, and is 80% owned by Canada Nickel and 20% by Noble Mineral Exploration through a company called East Timmins Nickel Ltd. The property hosts four separate targets: Mann North, Mann West, Mann Central and Mann South. Mann West Highlights: 0.33% nickel over 52 metres within 480 metres of 0.27% nickel in hole MAN24-65 Mann West is approximately 3.5 kilometres long by up to 1.1 kilometres wide (covering 3.4 square kilometres). Drilling focused on the southern half of the target and is now completed over a strike length of 1.7 kilometres and a width of at least 600 metres. The most recent drilling intersected long sections of well-serpentinized peridotite and minor dunite with disseminated and visible nickel sulphide mineralization consisting primarily of pentlandite and heazlewoodite. The Company has drilled a total of 39 holes at Mann West, 31 of which were drilled during the 2024 campaign (Figure 2). The company is currently working on an initial resource estimate expected in June 2025. Assays from the last three holes are presented in this release (Table 2). Table 2 – Mann West drilling highlights Hole ID From(m) To(m) Length(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S % MAN24-65 20.5 501.0 480.5 0.27 0.012 0.020 0.011 0.23 6.02 0.09 including 219.0 271.5 52.5 0.33 0.013 0.040 0.017 0.19 6.33 0.17 MAN24-101 10.5 50.6 40.1 0.25 0.012 0.006 0.005 0.17 6.05 0.04 and 69.5 292.4 222.9 0.23 0.013 0.015 0.010 0.35 6.89 0.06 including 169.5 192.0 22.5 0.31 0.014 0.052 0.026 0.76 6.64 0.12 and 323.5 353.0 29.5 0.14 0.011 0.023 0.016 0.26 8.38 0.04 MAN24-102 21.2 468.4 447.2 0.23 0.013 0.019 0.010 0.40 6.99 0.07 including 213.0 250.5 37.5 0.30 0.013 0.044 0.021 0.64 6.60 0.12 *True width undetermined. All lengths are drillhole lengths. Deloro Property Highlights: 0.38% nickel over 48 metres within 347 metres of 0.26% nickel in hole DEL24-35, with mineralization starting at 6 metres below surface 0.26% nickel over 411.0 metres in hole DEL24-40, with mineralization starting only 2 metres below surface The Company produced the first resource for the Deloro property in the summer of 2024 (see July 18, 2024 news release). Deloro shows consistent mineralization within the dunite and peridotite units, with thin overburden throughout the target, as seen in drillhole DEL24-40 with mineralization starting only 2 metres below surface. In the late fall of 2024, Canada Nickel drilled an additional 21 holes to infill and upgrade the existing resource. This release presents results for four drillholes (Table 3), with only one drillhole remaining. A resource update for Deloro is expected by end of year 2025. Table 3 – Deloro drilling highlights Hole ID From(m) To (m) Length(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S % DEL24-35 6.0 353.8 347.8 0.26 0.010 0.003 0.003 0.24 5.12 0.12 including 126.0 174.0 48.0 0.38 0.010 0.003 0.003 0.12 4.81 0.06 DEL24-38 5.1 158.0 152.9 0.24 0.009 0.003 0.003 0.14 4.40 0.03 and 272.7 501.0 228.3 0.26 0.011 0.003 0.003 0.15 4.58 0.05 DEL24-39 6.0 140.2 134.2 0.24 0.010 0.003 0.005 0.22 4.90 0.10 and 166.1 372.0 205.9 0.22 0.009 0.003 0.005 0.18 4.64 0.08 DEL24-40 2.0 411.0 409.0 0.26 0.011 0.003 0.003 0.21 5.06 0.06 *True width undetermined. All lengths are drillhole lengths. Table 4: Drillhole Orientation Hole ID Easting (mE) Northing (mN) Azimuth (⁰) Dip (⁰) Length (m) REID REI24-59 456306 5404220 180 -50 654 REI24-60 456960 5403900 110 -82 648 REI24-61 457555 5403900 355 -75 651 REI25-62 457555 5403900 58 -72 528 REI25-63 456960 5404305 110 -50 351 REI25-64 456758 5404333 350 -60 522 REI25-66 456760 5403900 180 -60 468 REI25-67 456650 5403900 180 -60 501 REI25-68 457328 5404029 220 -50 351 REI25-69 457350 5404200 302 -55 577 REI25-70 456589 5403903 45 -84 738 MANN WEST MAN24-65 496679 5412221 215 -50 501 MAN24-101 496252 5412123 215 -50 501 MAN24-102 496059 5412169 215 -50 517 DELORO DEL24-35 480392 5361514 62 -50 375 DEL24-38 480481 5361153 70 -84 501 DEL24-39 480887 5361481 250 -50 402 DEL24-40 480525 5361008 78 -50 411 Statement Regarding TSX Venture Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Quality Assurance and Control, Drilling and Assaying Edwin Escarraga, MSc, a "Qualified Person" as defined by National Instrument 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The NQ sized core is collected from the drill in sealed core trays and transported to the core logging facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby. All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold, platinum and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are inserted at a rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis. Qualified Person and Data Verification Stephen J. Balch (ON), VP Exploration of Canada Nickel and a "Qualified Person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc. About Canada Nickel Company Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel™, NetZero Cobalt™, NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins Cochrane mining camp. For more information, please visit For further information, please contact: Mark SelbyCEOPhone: 647-256-1954Email: info@ Cautionary Statement Concerning Forward-Looking Statements This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the Crawford Nickel Sulphide Project and the Properties, timing and completion (if at all) of mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development plans and results, corporate and technical objectives, receipt of TSX Venture Exchange approval for the acquisition described herein and the completion of the transaction. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law. View original content to download multimedia: SOURCE Canada Nickel Company Inc.
Yahoo
23-05-2025
- Business
- Yahoo
TSX Highlights: DIRTT Environmental Solutions And 2 Other Prominent Penny Stocks
The Canadian stock market has recently reached new heights, showcasing resilience amidst global economic uncertainties and policy shifts. Amidst this backdrop, penny stocks—often associated with smaller or emerging companies—continue to capture investor interest due to their affordability and potential for growth. In this article, we explore several notable penny stocks that stand out for their financial strength and potential long-term value in the evolving market landscape. Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.77 CA$76.87M ★★★★★★ NTG Clarity Networks (TSXV:NCI) CA$2.50 CA$99.01M ★★★★★★ Intermap Technologies (TSX:IMP) CA$2.35 CA$126.89M ★★★★★☆ Thor Explorations (TSXV:THX) CA$0.65 CA$445.75M ★★★★☆☆ Orezone Gold (TSX:ORE) CA$1.16 CA$573.17M ★★★★★☆ Mandalay Resources (TSX:MND) CA$4.95 CA$458.17M ★★★★★★ McChip Resources (TSXV:MCS) CA$0.77 CA$3.71M ★★★★☆☆ PetroTal (TSX:TAL) CA$0.58 CA$539.87M ★★★★★☆ Pulse Seismic (TSX:PSD) CA$2.61 CA$128.41M ★★★★★★ Findev (TSXV:FDI) CA$0.44 CA$12.46M ★★★★★★ Click here to see the full list of 907 stocks from our TSX Penny Stocks screener. Let's take a closer look at a couple of our picks from the screened companies. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: DIRTT Environmental Solutions Ltd. is a Canadian interior construction company with a market cap of CA$170.49 million. Operations: The company generates revenue from its Building Products segment, totaling $174.76 million. Market Cap: CA$170.49M DIRTT Environmental Solutions Ltd. has shown resilience, maintaining a high Return on Equity at 28.2% and becoming profitable over the past year despite facing challenges such as delayed SEC filings. The company's financial health is supported by short-term assets exceeding liabilities and cash surpassing total debt, although interest coverage remains below optimal levels with EBIT covering interest payments only 2.6 times. Revenue for Q1 2025 was US$41.3 million, slightly up from the previous year, but a net loss of US$0.661 million was reported due to large one-off items impacting results. Despite these hurdles, DIRTT's revenue is projected to grow steadily at 6.81% annually. Jump into the full analysis health report here for a deeper understanding of DIRTT Environmental Solutions. Understand DIRTT Environmental Solutions' earnings outlook by examining our growth report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Canada Nickel Company Inc. focuses on the exploration, discovery, and development of nickel sulphide assets for electric vehicle, green energy, and stainless steel markets in Canada, with a market cap of CA$170.42 million. Operations: Canada Nickel Company Inc. does not report any revenue segments as it is focused on the exploration and development of nickel sulphide assets in Canada for various markets including electric vehicles, green energy, and stainless steel. Market Cap: CA$170.42M Canada Nickel Company Inc., with a market cap of CA$170.42 million, is pre-revenue and focused on nickel sulphide exploration for electric vehicles and green energy markets. The company recently secured CA$20 million in funding, enhancing its financial position amid challenges like an auditor's going concern warning. Despite unprofitability and increased losses over the past five years, Canada Nickel has not significantly diluted shareholders recently and maintains a satisfactory net debt to equity ratio of 9.9%. The management team is experienced, averaging 4.5 years in tenure, while strategic agreements with First Nations reflect efforts to advance key projects responsibly. Dive into the specifics of Canada Nickel here with our thorough balance sheet health report. Learn about Canada Nickel's future growth trajectory here. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Graphite One Inc. is a mineral exploration company operating in the United States with a market cap of CA$117.02 million. Operations: Graphite One Inc. has not reported any revenue segments. Market Cap: CA$117.02M Graphite One Inc., with a market cap of CA$117.02 million, is pre-revenue and focused on mineral exploration. The company recently announced its NI 43-101 technical report, projecting significant graphite production by 2031. Despite being debt-free and having short-term assets exceeding liabilities, it faces financial challenges with less than a year of cash runway and an auditor's going concern doubt. Earnings have declined significantly over the past five years, but shareholders haven't faced meaningful dilution recently. The management team is experienced with an average tenure of 3.2 years, though the company remains unprofitable with negative equity returns. Click here to discover the nuances of Graphite One with our detailed analytical financial health report. Explore historical data to track Graphite One's performance over time in our past results report. Take a closer look at our TSX Penny Stocks list of 907 companies by clicking here. Ready To Venture Into Other Investment Styles? AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:DRT TSXV:CNC and TSXV:GPH. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. 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