About North American Nickel

North American Nickel Inc. operates as an international mineral exploration and resource development company. The company focuses on the exploration and development of a diversified portfolio of nickel-copper-cobalt-precious metals sulphide projects that should be economically feasible assuming conservative long-term commodity prices. Since 2011, the company has continued the advancement of its camp scale Maniitsoq Project in Southwest Greenland and the Post Creek Property in Sudbury, Ontario. The Maniitsoq property consists of four exploration licenses, No. 2011/54 (the ‘Sulussugut License’) and No. 2012/28 (the ‘Ininngui License’) comprising 2,689 and 296 square kilometre (km2), respectively; and the Carbonatite license No. 2018/21 (63 km2) and acquired 2020/05 license. The Ikertoq license No. 2018/31 (33 km2) was relinquished during 2018. The Maniitsoq property is centred on the 75 kilometre by 15 kilometre Greenland Norite Belt, which hosts numerous high-grade nickel-copper sulphide occurrences associated with mafic and ultramafic intrusions. The company owns three new projects in Ontario, which include the Lingman Nickel Project, covering a portion of the Archean aged Lingman Lake Greenstone Belt and the Quetico Nickel Project, which is known to host intrusions with Ni-Cu-Co-PGM mineralization related to a late 2690 Ma Archean magmatic event and the 1110-1090 Ma Proterozoic Mid-continent Rift. In September 2019, the company entered into an agreement to earn a 100% interest in the Loveland Nickel property in the Timmins area of Ontario and subsequently completed a 4-hole program for 1,086 metres of diamond drilling, with borehole electromagnetic (BHEM) surveys on the project. In July 2020, the company announced its ownership position in a private company, Premium Nickel Resources Inc. (PNR), to have direct exposure to Ni-Cu-Co opportunities in the South African region. The company has a large land package in southwest Greenland, collectively known at the Maniitsoq property. In addition, the company has two properties, Post Creek and Halcyon, in Sudbury nickel district of Ontario. Maniitsoq The Greenland properties being explored for nickel-copper-copper-PGM sulphides by the company are exploration properties without mineral resources or reserves. The Maniitsoq project is centered 100 kilometres north of Nuuk, the capital of Greenland, which is a safe, stable, mining-friendly jurisdiction. The Maniitsoq property consists of four exploration licences, No. 2011/54 (2,689 km2), No. 2012/28 (296 km2), No. 2018/21 (63 km2) and No 2018/31 (33 km2). Sudbury Nickel Properties The Sudbury properties being explored by North American Nickel are exploration properties without mineral resources or reserves. The Sudbury properties are strategically located near the Whistle Offset Dyke structure hosting the past-producing Podolsky Cu-Ni-PGM (platinum group metal) mine owned by KGHM Polska Miedz S.A. (KGHM). Post Creek: The company owns 100% interest in the Post Creek Property located within the Sudbury Mining District of Ontario. The property is located 35 kilometres east of Sudbury in Norman, Parkin, Alymer and Rathburn townships; and consists of 39 unpatented mining claims in two separate blocks, covering a total area of 912 hectares held by the company. Halcyon: The property consists of 53 unpatented mining claims covering an area of approximately 864 hectares. As of December 31, 2020, the company held 100% interest in Halcyon Property. Quetico: The company owns 809 claims known as Quetico located within the Sudbury Mining District of Ontario. Quetico Property Lingman Lake Property: The company digitally staked 188 claim cells known as Lingman Lake in April 2019. The Lingman Nickel Project covers a portion of the Archean age Lingman Lake Greenstone Belt that includes tholeiitic-komatiitic rocks and sulphide facies iron formation. Loveland (Enid Creek) Nickel Property: The Loveland Nickel Property is located 30 km northwest of Timmins. In September 2019, the company entered into earn in agreement with International Explorers and Prospectors Inc. whereby the company may acquire a 100% interest in the Loveland Nickel. Project Pipeline: The company maintains a nickel project generation activity focusing on high prospectivity projects in countries with the Rule of Law and reasonable development economics. History The company was founded in 1983. The company was incorporated under the laws of the province of British Columbia, Canada in 1983. It was formerly known as Rainbow Resources Ltd. and changed its name to Widescope Resources Ltd. in 1984; to Gemini Technology Inc. in 1985; and International Gemini Technology Inc in 1993. Further, the company changed its name to Widescope Resources Inc. in 2006 and then to North American Nickel Inc. in 2010.