Latest news with #SPCNickelCorp
Cision Canada
11-08-2025
- Business
- Cision Canada
SPC Nickel Completes MobileMT Survey and Launches Summer Field Program at the Muskox Cu-Ni-PGM Project, Nunavut
1,020-line km MobileMT electromagnetic survey completed – the first of its kind at the Muskox Project and the first airborne geophysical survey in over 20 years Summer field program launched to conduct detailed geological mapping and sampling of high-priority targets. Results will directly inform the next phase of exploration, including future drilling Expanded land position through strategic staking of an additional 65 km 2 of the most prospective ground in the region SUDBURY, ON, Aug. 11, 2025 /CNW/ - SPC Nickel Corp. (TSX-V:SPC) ("SPC Nickel" or the "Company") is pleased to announce the start of a focused field program at its 100%-owned 496 km 2 Muskox Cu-Ni-PGM Project ("Muskox Project" or the "Project"), located in Nunavut, Canada. This program complements the recently completed property-wide 1,020 line-km MobileMT electromagnetic geophysical ("MobileMT") survey and is designed to further refine priority drill targets in this vast, underexplored copper-nickel-PGM system. SPC Nickel's MobileMT survey, the first of its kind completed over the highly prospective Muskox Intrusion and the first airborne geophysical survey completed in over 20 years on the Project, collected deep-penetrating geophysical data to help map potential conductive targets beneath the Muskox Intrusion (Results pending; see news release here). In preparation for this work, SPC Nickel strategically expanded its land position by staking an additional 65 km², increasing the Muskox Project's total size and further consolidating its control over the most prospective ground in the region. By immediately following up the MobileMT survey with a comprehensive field program, the Company will maximise the seasonal exploration window while efficiently advancing the Muskox Project by aggressively deploying the proceeds from the Company's successful $3.5 million Rights Offering (See news release here). Historical drill results underscore the exceptional mineral potential of the Muskox Intrusion, including: 7.50 metres @ 6.14% Cu, 2.76% Ni and 9.06 g/t PGM (Pt+Pd+Au) 1 by Silvermet Corporation in 2007 and 13.74 metres @ 5.04% Cu, 2.21% Ni and 5.63 g/t PGM 2 by Equinox Resources Ltd. in 1987 Grant Mourre, CEO, said, "With the MobileMT survey providing unprecedented visibility into the mineralizing structures of the Muskox Intrusion, this follow on field program will help us validate and refine targets with surface mapping and sampling. Muskox has all the hallmarks of a major magmatic sulphide system. We are committed to unlocking its potential in a systematic manner by drawing on historic data from our proprietary database and the accumulated knowledge of multiple exploration seasons on site. With the completion of our recent Rights Offering, we are wasting no time putting investors' funds to work to advance this exciting project." During the course of the field program, SPC Nickel's team will conduct detailed geological mapping and sampling high-priority targets. These efforts will enable us to better understand the styles and controls of mineralization associated with the Muskox Intrusion and will directly inform the next phase of exploration, including future drilling. Follow SPC Nickel for real-time logistical updates from the field: LinkedIn: @SPC Nickel Corp X (Twitter): @CorpSpc A detailed overview of the Muskox Project may be found in the project presentation here About the Muskox Intrusion Originally discovered in the 1950s by Inco, SPC Nickel's Muskox Project, located in Nunavut, Canada, represents one of the most prospective greenfield polymetallic copper, nickel, and PGM projects globally. The district-scale land package (496 km 2) covers the majority of the Muskox Intrusion, a large, layered mafic-ultramafic body with striking geological similarities to some of the world's most significant copper-nickel-PGM deposits, such as the massive Norilsk-Talnakh deposit that contains in excess of 28.7 Mt of nickel and 48.9 Mt of copper 3 (reserves and resources, as of January 1, 2025). The Muskox Intrusion is one of the largest and least deformed layered mafic to ultramafic bodies in the world. It was emplaced during a large magmatic event (Mackenzie Magmatic Event) in the Proterozoic by mantle plume volcanism related to the widespread Coppermine River Group flood basalts. The intrusion is broadly composed of two distinct, but related, components called the Main Muskox Intrusion and the Feeder Dyke, which combined are exposed over a length of 125 km, and range in width from 200-600 metres in the Feeder Dyke to 11 km in the Main Body of the intrusion. Previous exploration programs completed over a roughly 60-year period identified widespread high-grade polymetallic sulphide mineralization along the basal contact of the intrusion or in the adjacent footwall, similar to the Sudbury and Norilsk-Talnakh camps. Historical drill highlights from the Muskox Project include: 7.50 metres @ 6.14% Cu, 2.76% Ni and 9.06 g/t PGM (Pt+Pd+Au) 1 by Silvermet Corporation (2007) and 13.74 metres @ 5.04% Cu, 2.21% Ni and 5.63 g/t PGM 2 by Equinox Resources Ltd. (1987). These results, combined with an extensive footprint of magmatic sulfide mineralization, historical high-grade drill intercepts, untested geophysical targets and limited modern follow-up, underscore the Project's exceptional discovery potential. Reference Vivian, Gary (2007). Muskox Project, Nunavut, 2007 Drill and Geophysical Survey Program Annual Report for Prize Mining, Assessment report. 57 p., 8 data Appendices. Page, J.W., Culbert, R.R. and Martin, L.S. (1988). Geochemical, geophysical and diamond drill reports on the Muskox property, NWT. Equinox Resources Ltd. DIAND Assessment report 082562. 56 p., 3 data Appendices. Nornickel Annual Report 2024. Quality Assurance, Quality Control and Qualified Persons The technical elements of this news release have been approved by Mr. Grant Mourre, (PGO), CEO and President of SPC Nickel Corp. and a Qualified Person under National Instrument 43-101. The historical information shown in this news release was obtained from historical work reports filed by Equinox Resources Ltd. and Silvermet Corporation have not been independently verified by a Qualified Person as defined by NI 43 101. About SPC Nickel Corp. SPC Nickel is a Canadian public corporation focused on exploring for high-grade polymetallic Cu-Ni-PGM mineralization in Nunavut and within the world-class Sudbury Mining Camp. SPC Nickel is currently exploring its unique district-scale polymetallic Muskox Project in Nunavut where the team is conducting a field program during the summer of 2025. The Company is also advancing its 100%-owned exploration project Lockerby East located in the heart of the historic Sudbury Mining Camp, which includes the West Graham Resource and the LKE Resource. SPC Nickel is committed to advancing high-potential polymetallic projects in Tier-1 jurisdictions across Canada with an emphasis on Nunavut and Sudbury. Cautionary Note on Forward-Looking Information Except for statements of historical fact contained herein, the information in this news release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of SPC Nickel. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, SPC Nickel expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Cision Canada
25-07-2025
- Business
- Cision Canada
Canadian Investment Regulatory Organization Trading Halt - SPC.RT Français
VANCOUVER, BC, /CNW/ - The following issues have been halted by CIRO Company: SPC Nickel Corp. TSX-Venture Symbol: All Issues: No Reason: Pending Delisting Halt Time (ET): 12:00 PM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
Cision Canada
21-07-2025
- Business
- Cision Canada
SPC Nickel Launches Major Airborne Geophysical Survey for Muskox Cu-Ni-PGM Project, Nunavut
SUDBURY, ON, July 21, 2025 /CNW/ - SPC Nickel Corp. (TSXV: SPC) ("SPC Nickel" or the "Company") is pleased to announce that a property wide 1,000 line-km MobileMT electromagnetic geophysical ("EM") survey will commence during the last week of July at SPC Nickel's 100% owned district-scale Muskox Cu-Ni-PGM Project ("Muskox Project" or the "Project") in Nunavut, Canada. The helicopter-borne survey, to be conducted by Expert Geophysics Survey Inc. ("EGS"), will be instrumental in determining the overall three-dimensional shape and morphology of the Muskox Intrusion and for identifying both large conductive regions associated with the basal contact of the Muskox Intrusion and the extensive Keel Zone target, a Voisey's Bay analogue. The survey will be the first of its kind completed over the highly prospective Muskox Intrusion and the first airborne geophysical survey completed in over 20 years on the Project. Historical drill results underscore the exceptional mineral potential of the Muskox Intrusion, including: 7.50 metres @ 6.14% Cu, 2.76% Ni and 9.06 g/t PGM (Pt+Pd+Au) 1 by Silvermet Corporation in 2007 and 13.74 metres @ 5.04% Cu, 2.21% Ni and 5.63 g/t PGM 2 by Equinox Resources Ltd. in 1987 The Keel Zone is interpreted to represent a dynamic geological environment, similar to the Ovoid deposit at the Voisey's Bay Mine, which the Company believes has excellent potential to host high-grade polymetallic (Cu-Ni-PGM) sulphide mineralization. The Keel Zone extends over a strike length of 40 km and represents the intersection point of the Muskox Feeder Dyke with the main Muskox Intrusion. Grant Mourre, CEO and President of SPC Nickel commented," Muskox stands out as one of the last remaining district-scale, underexplored polymetallic systems in a Tier-1 jurisdiction. The scale of the intrusion, the intensity of the mineralization, and the diversity of metal content we're seeing - including copper, nickel, and PGMs - all point to the presence of a very large, highly fertile magmatic system. We are just beginning to scratch the surface of this exciting project. The program announced today builds on our previous work at Muskox and will, alongside our comprehensive proprietary database, contribute to a robust geological model that supports the potential for a globally significant polymetallic discovery in Canada's north." MobileMT Geophysical Survey Expert Geophysics Survey Inc. has been contracted to complete a 1,000 line-km MobileMT EM geophysical survey spanning the entire claim block covering the main Muskox Intrusion. The survey will be conducted at 200 metre line spacing in the southern half of the claim block and 500 metre spacing in the northern half. MobileMT uses naturally occurring electromagnetic fields in the frequency range of 25 Hz – 20,000 Hz to map the variations in the electrical conductivity of the subsurface. MobileMT is the most advanced generation of airborne audio-magnetotelluric survey that combines the latest achievements in electronics, advances of modern airborne system design, and sophisticated signal processing techniques. MobileMT is capable of delivering geoelectrical information from shallow to >1 km depth range with high spatial and resistivity resolution. The MobileMT system detects resistivity contrasts of geology structures and boundaries of any shape and in any direction due to total field (three-component) measurements. Shareholder Rights Offering – Update SPC Nickel reminds shareholders that the Company's ongoing rights offering (See news release here) closes on July 25, 2025, at 5:00 pm Toronto time. As a shareholder of record on June 24, 2025, you should have received a notice and subscription form from your broker or intermediary regarding your rights. If you hold your shares in a brokerage account and haven't received anything yet, we encourage you to reach out to your advisor or platform as soon as possible. Offering Terms Shareholders received 0.906482950 rights for each SPC Nickel share held; Each 1 right entitles the holder to purchase 1 common share at a price of $0.02; and Shareholders who fully exercise their rights may subscribe for additional shares under the Additional Subscription Privilege, subject to availability Key Dates to Remember Record Date: June 24, 2025 Rights Expiry Date: July 25, 2025, at 5:00 p.m. (Toronto time) - this is the deadline to act Trading Period for Rights: June 24 - July 25, 2025 (until 12:00 p.m. Toronto time) on the TSX Venture Exchange under the symbol The proceeds will be used to support ongoing exploration activities, including work at SPC Nickel's flagship Muskox Project. About the Muskox Intrusion Originally discovered in the 1950s by Inco, SPC Nickel's Muskox Project, located in Nunavut, Canada, represents one of the most prospective greenfield polymetallic nickel, copper, and PGM projects globally. The district-scale land package (470 km 2) covers the majority of the Muskox Intrusion, a large, layered mafic-ultramafic body with striking geological similarities to some of the world's most significant nickel-copper-PGM deposits, such as the massive Norilsk-Talnakh deposit that contains in excess of 28.7 Mt of nickel and 48.9 Mt of copper 3 (reserves and resources, as of January 1, 2025). The Muskox Intrusion is one of the largest and least deformed layered mafic to ultramafic bodies in the world. It was emplaced during a large magmatic event (Mackenzie Magmatic Event) in the Proterozoic by mantle plume volcanism related to the widespread Coppermine River Group flood basalts. The intrusion is broadly composed of two distinct, but related, components called the Main Muskox Intrusion and the Feeder Dyke, which combined are exposed over a length of 125 km, and range in width from 200-600 metres in the Feeder Dyke to 11 km in the Main Body of the intrusion. Previous exploration programs completed over a roughly 60-year period identified widespread high-grade polymetallic sulphide mineralization along the basal contact of the intrusion or in the adjacent footwall, similar to the Sudbury and Norilsk-Talnakh camps. Historical drill highlights from the Muskox Project include: 7.50 metres @ 6.14% Cu, 2.76% Ni and 9.06 g/t PGM (Pt+Pd+Au) 1 by Silvermet Corporation (2007) and 13.74 metres @ 5.04% Cu, 2.21% Ni and 5.63 g/t PGM 2 by Equinox Resources Ltd. (1987) These results, combined with an extensive footprint of magmatic sulfide mineralization, historical high-grade drill intercepts, untested geophysical targets and limited modern follow-up, underscore the Project's exceptional discovery potential. Vivian, Gary (2007). Muskox Project, Nunavut, 2007 Drill and Geophysical Survey Program Annual Report for Prize Mining, Assessment report. 57 p., 8 data Appendices. Page, J.W., Culbert, R.R. and Martin, L.S. (1988). Geochemical, geophysical and diamond drill reports on the Muskox property, NWT. Equinox Resources Ltd. DIAND Assessment report 082562. 56 p., 3 data Appendices. Nornickel Annual Report 2024. Quality Assurance, Quality Control and Qualified Persons The technical elements of this news release have been approved by Mr. Grant Mourre, (PGO), CEO and President of SPC Nickel Corp. and a Qualified Person under National Instrument 43-101. The historical information shown in this news release that was obtained from historical work reports filed by Equinox Resources Ltd. and Silvermet Corporation has not been independently verified by a Qualified Person as defined by NI 43 101. About SPC Nickel Corp. SPC Nickel is a Canadian public corporation focused on exploring for high-grade polymetallic Cu-Ni-PGM mineralization in Nunavut and within the world-class Sudbury Mining Camp. SPC Nickel is currently exploring its unique district-scale polymetallic Muskox Project in Nunavut where the team is conducting a field program during the summer of 2025. The Company is also advancing its 100%-owned exploration project Lockerby East located in the heart of the historic Sudbury Mining Camp, which includes the West Graham Resource and the LKE Resource. SPC Nickel is committed to advancing high-potential polymetallic projects in Tier-1 jurisdictions across Canada with an emphasis on Nunavut and Sudbury. Cautionary Note on Forward-Looking Information Except for statements of historical fact contained herein, the information in this news release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of SPC Nickel. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, SPC Nickel expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
