Canada Nickel Co Inc Reports 46 % Rise in Measured and Indicated Resources at Reid Nickel Sulphide Project
Canada Nickel Co Inc., a Canadian materials‑sector company listed on the TSX Venture Exchange under the ticker CNC, announced a significant upgrade to the mineral resource estimate for its wholly‑owned Reid Nickel Sulphide project near Timmins, Ontario. The update, released on 12 January 2026, shows a 46 % increase in measured and indicated resources and a 47 % rise in inferred resources, boosting the project’s overall nickel potential.
Key Resource Figures
| Resource Category | Before Update | After Update | % Change |
|---|---|---|---|
| Measured & Indicated | 1.49 Mt Ni (0.61 Gt, 0.20 % Ni) | 2.10 Mt Ni (0.87 Gt, 0.23 % Ni) | +46 % |
| Inferred | 1.78 Mt Ni (0.73 Gt, 0.22 % Ni) | 3.20 Mt Ni (1.45 Gt, 0.22 % Ni) | +47 % |
| Higher‑Grade Sub‑Area | 0.70 Mt Ni (0.25 Gt, 0.25 % Ni) | 0.77 Mt Ni (0.25 Gt, 0.25 % Ni) | +11 % |
The upgrade also consolidates the project’s status within the Nickel Zone around Timmins, bringing the cumulative measured and indicated nickel resources to 10.1 Mt Ni (4.3 Gt, 0.24 % Ni) across eight deposits. The inferred resources in the zone total 12.5 Mt Ni (5.4 Gt, 0.23 % Ni).
Exploration Potential
Canada Nickel has outlined a conceptual exploration target of 0.5–1.4 Gt of additional nickel at grades of 0.21–0.22 % Ni. While these figures remain prospective, the company has not yet conducted sufficient drilling to classify the target as a formal mineral resource. Further exploration is planned to refine the resource model and assess commercial viability.
Market Context
The announcement follows a series of positive developments for the company, including the release of new share‑price targets and a growing interest in nickel from global battery and electric‑vehicle manufacturers. Canada Nickel’s market capitalization stands at CAD 409.9 million, with a closing price of CAD 1.81 on 11 January 2026. The stock’s price‑earnings ratio remains negative at –10.1, reflecting the company’s exploration‑phase status.
Implications for Investors
The resource uplift enhances the long‑term prospects of the Reid Nickel Sulphide project, potentially increasing the company’s asset value and supporting future financing or partnership opportunities. Investors should monitor ongoing drilling results and the company’s progress toward converting inferred resources into proved reserves.
Canada Nickel Co Inc. remains focused on advancing its nickel, cobalt, and sulphide projects, with the Reid Nickel Sulphide upgrade marking a notable milestone in its exploration trajectory.
