Canada Nickel agrees to sell Lucas Gold Project to Noble for 5,000,000 units valued at $0.06 each

• Canada Nickel entered a binding LOI to sell the Lucas Gold Project to Noble Mineral Exploration, positioning the asset as non-core.
• The deal includes a back-in right to buy a 25% interest starting on a trigger date, priced at 4x Noble’s exploration spending.
• The trigger date is the earliest of 36 months post-close, C$ 5 million of exploration spend, or a sale or change of control at Noble.
• Separately, Canada Nickel acquired 100% of mining claims in Lucas Township within the proposed Crawford project footprint, subject to a 1.5% NSR.
• Half of the NSR can be bought down for C$ 500,000, reducing it to 0.75%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canada Nickel Company Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607130645PR_NEWS_USPR_____TO02583) on July 13, 2026, and is solely responsible for the information contained therein.