TORONTO, June 5, 2019 /PRNewswire/ - Nickel Creek Platinum
Corp. (TSX: NCP) ("Nickel Creek" or the "Company") is pleased to
provide an update on its 100%-owned flagship Nickel Shäw Project
(the "Project") located in the Yukon,
Canada and its 2019 AGM.
As disclosed in the news release dated September 25, 2018, the Company had advanced the
Project to the point of reaching a fulsome understanding of
principal technical aspects of the Project, including resource,
geology, metallurgical characteristics and plant design. It
was determined that the Project has substantial endowments of
nickel, copper, cobalt, platinum and palladium that could be
developed at metal prices higher than currently prevalent in the
market. In the interim, the Company has been focusing on ways of
enhancing the value of Nickel Shäw. To that end, it engaged Mr.
Cam Bell, a consultant with over 20
years of nickel exploration experience with companies such as Inco
and Vale, to independently review the Project's geological,
drilling and geochemical data to determine if areas of higher-grade
mineralization could be identified. Mr. Bell, while
supporting the Company findings to date, made recommendations for
additional geophysics and sampling at targets along trend from the
main Wellgreen deposit and the Company is reviewing Mr. Bell's
recommendations. In addition, Nickel Creek is advancing
environmental baseline studies at the Project and continues with
its community engagement program. Nickel Shäw remains Nickel
Creek's flagship asset with a significant option on a mix of metals
including nickel, copper, cobalt, platinum and palladium. Located
in a favourable jurisdiction, this Project is well positioned to
benefit from the growing global demand in the battery market.
In addition to carrying out work on its Nickel Shäw Project, the
Company has been seeking additional value accretive opportunities
for its shareholders. Given the level of activity with due
diligence reviews and the timing and nature of a potential
financing with significant shareholders, the Company felt it would
be prudent and cost effective to postpone its AGM to minimize
possible duplication of general and administrative costs associated
with the annual meeting.
The Company has received permission from the TSX to move its
2019 AGM to a date which would be no later than September 4, 2019. The specific date will
depend on a number of factors being considered internally.
The Company will make appropriate and timely announcements once the
date is determined.
About Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a
Canadian mining exploration and development company and its
flagship assets is its 100%-owned Nickel Shäw Project. The Project
has exceptional access to infrastructure, located three hours west
of Whitehorse via the paved
Alaska Highway, which further
offers year-round access to deep-sea shipping ports in southern
Alaska. The Company is also investigating other opportunities
for shareholder value creation.
The Company is led by a management team with a proven track
record of successful discovery, development, financing and
operation of large-scale projects. Our vision is to create value
for our shareholders by becoming a leading North American nickel,
copper, cobalt and PGM producer.
Cautionary Note Regarding Forward-Looking Information:
This news release includes certain information that may be deemed
"forward-looking information". Forward-looking information can
generally be identified by the use of forward-looking terminology
such as "may", "will", "expect", "intend", "believe", "continue",
"plans" or similar terminology, or negative connotations thereof.
All information in this release, other than information of
historical facts, including, without limitation, the ability of the
Company to identify additional opportunities to create shareholder
value, and general future plans and objectives for the Company and
the Project, are forward-looking information that involve various
risks and uncertainties. Although the Company believes that the
expectations expressed in such forward-looking information are
based on reasonable assumptions, such expectations are not
guarantees of future performance and actual results or developments
may differ materially from those in the forward-looking
information.
For more information on the Company and the key assumptions,
risks and challenges with respect to the forward-looking
information discussed herein, and about our business in general,
investors should review the Company's most recently filed annual
information form, and other continuous disclosure filings which are
available at www.sedar.com. Readers are cautioned not to place
undue reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
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SOURCE Nickel Creek Platinum Corp.