Canada Nickel (TSXV: CNC) has announced mineral resource estimates (MRE) for its Nesbitt and Deloro projects near Timmins, Ontario. The stock witnessed volatility in early trading.
Highlights from Nesbitt’s initial MRE program include a total resource of 176 million tons of nickel-bearing rock, grading 0.23% nickel. Meanwhile, Deloro’s updated MRE program showed a 46% increase in resources.
The projects are located in the prolific Timmins nickel region. In total, the company’s projects in the region amount to 4.63 billion tonnes of nickel at 0.24% of measured and indicated resources.
Crawford remains the company’s flagship project, with measured and indicated resources of 2.56 billion tonnes grading 0.24% nickel. Deposits represent nearly half of Canada Nickel’s inventory regionally and have been a major factor in recent stock price volatility. On July 21, 2026 Canada Nickel Announce The project has entered the final stage of federal review.
Future potential
The company says the latest MRE operation strengthens the size of its land package in the Timmins Nickel Zone, with seven remaining targets still to be drilled. Nesbitt represents the ninth supplier the company has deployed in the region.
“We have now clearly demonstrated the world-class potential of the Timmins nickel region with the completion of our ninth resource at Nesbitt. The expansion at Deloro demonstrates the potential to continue to expand our existing resources beyond where they are today,” said Mark Selby, CEO of Canada Nickel.
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