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NiCAN Intersects 1.54% Nickel over 1.45 Meters on the Pipy South Project, Thompson Manitoba

Newswire.ca - Tue Feb 17, 6:00AM CST

TORONTO, Feb. 17, 2026 /CNW/ - NiCAN Limited ("NiCAN" or the "Company") (TSX-V: NICN) (OTCQB: NILTF) (FRA: W8Y) has confirmed high-grade nickel bearing massive sulphides in the prospective Pipe Formation which underlays the Pipy South Property, intersecting 1.54% nickel, 0.17% copper and 0.064% Co over 1.45 meters (m) at 60m below surface in its Phase I reconnaissance drilling program. The Pipe Formation hosts all of the economic nickel mineralization within the Thompson Nickel Belt. The Pipy South Nickel Project is located 20km to the north of Vale's Thompson Nickel Mine in Thompson Manitoba.

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