In This Article:
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - CaNickel Mining Limited (TSXV: CML) ("CaNickel" or the "Company") announces that it intends to submit an application to voluntarily delist its common shares (the "Delisting") from the TSX Venture Exchange ("TSXV"). The board of directors of the Company (the "Board") approved the Delisting as of April 22, 2025. The Delisting is conditional upon: (i) shareholder approval at the Company's upcoming Annual and Special General Meeting on June 11, 2025; and (ii) final approval of the TSXV. Additional information regarding the Delisting will be disseminated in due course, including the effective date of the Delisting.
The Board's decision to delist from the TSXV was made after a strategic and careful review of the Company's financial condition along with minimal trading activity on the TSXV. The Company believes that the expense and administrative requirements associated with maintaining a TSXV listing are no longer justified, and the Delisting is intended to reduce corporate overhead costs. The Company will continue to remain a reporting issuer in Canada and will continue to comply with its continuous disclosure obligations under applicable securities laws.
ABOUT CANICKEL
CaNickel Mining Limited is a Canadian junior mining company that currently owns the Bucko Lake Mine, currently on care and maintenance, near Wabowden, Manitoba. From 2009 to 2012, nearly 450,000 tonnes of mineralized material were mined to produce 6.9 million pounds of nickel before the mine was put on care and maintenance due to low nickel prices.
Further information is available at www.canickel.com or contact:
Shirley Anthony
Chief Executive Officer
Phone: 778-999-2771
Email: shirley@canickel.com
Website: www.canickel.com
CaNickel Mining Limited
Suite 720 - 320 Granville St.
Vancouver, British Columbia Canada V6C 1S9
Forward-Looking Statements
This press release may contain forward-looking statements including those describing the Company's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, most of which are beyond the control of the Company. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the Company's plans for the Delisting, including obtaining shareholder and TSXV approval for the Delisting.