19:18:15 EST Mon 26 Jan 2026
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Nickel North Exploration Corp
Symbol NNX
Shares Issued 165,435,497
Close 2026-01-23 C$ 0.06
Market Cap C$ 9,926,130
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Nickel North finds Sc anomalies at Hawk Ridge samples

2026-01-26 11:37 ET - News Release

Dr. Tony Guo reports

NICKEL NORTH DISCOVERS STRONG SCANDIUM (SC) ANOMALIES IN THE SOIL SAMPLES AT HAWK RIDGE CU-NI-PGE PROJECT

Nickel North Exploration Corp. has discovered strong scandium anomalies from the soil samples at Hawk Ridge copper/nickel/platinum group metal project in Northern Quebec.

These samples were submitted to Agat Laboratories in Vancouver for high-precision geochemical analysis, which has reported strong copper, nickel and cobalt anomalies in 2022.

The new results in 2025 successfully validate the previous XRF (X-ray fluorescence) findings, and have identified strong palladium, platinum and gold anomalies that were not previously quantified by XRF analyzer. Further studies discovery the strong scandium anomalies in the soil, rock and core samples at Hawk Ridge project

Highlights of the scandium anomalies at Hawk Ridge project:

  • Discovery of scandium metal anomalies: Laboratory analysis confirmed the presence of significant scandium metal associated with vanadium metal anomalies in the soil samples analyzed in 2025:
    • Scandium: Assays returned values up to 55.5 grams per tonne (55.5 parts per million) and greater than 30 ppm.
    • Vanadium: Assays returned values up to 378 g/t (378 ppm) and most of them greater than 200 ppm.
    • There is a strong positive correlation between scandium and vanadium. Both elements are hosted in ferromagnesian minerals such as clinopyroxene and hornblende.
  • Confirmation of scandium anomalies in the previous rock and core samples:
    • Scandium: Assays returned values up to 61 g/t (61 ppm) in the rock samples assayed in 2023.
    • Scandium: Assays returned values up to 83 g/t (83 ppm) in the historical core samples drilled in the past 20 years.
  • There is a strong positive correlation between scandium and vanadium in all three different samples.
  • Target expansion: The strong scandium anomalies have refined and expanded the exploration potential at the Hawk Ridge copper/nickel/platinum group element project, which indicates the possible other rare earth elements anomalies at the Hawk Ridge project. Nickel North will do the rare earth elements assay in the early 2026.
  • Rare earth metals are critical to various industries and national security. Nickel North will conduct the potential extraction studies, including rare earth elements liberation/leach kinetics and reduce passivation at Hawk Ridge project and selective electrochemical metal recovery study to the Hawk Ridge mineralization (step-wise electrowinning of copper/nickel/cobalt), followed by REE (rare earth element) capture/purification (ion exchange plus oxalate precipitation plus solvent extraction polishing) in 2026.

Integration with continuing exploration

The new scandium and vanadium anomalies data will be integrated with existing geological mapping, geophysical interpretations, and historical data sets to update the company's geological and mineralization models for the Hawk Ridge project. This integrated approach is expected to assist in defining priority areas for 2026 field programs, including potential drilling.

Dr. Tony Guo, president and chief executive officer, commented: "We are highly encouraged by these scandium and vanadium anomalies discoveries from soil and rock samples and from all historical core samples assay results. Nickel North will conduct further REE assay and extraction studies. The potential REE elements byproducts in the Hawk Ridge copper/nickel/cobalt project will have potential additional values to the project. These results reduce geological uncertainty at the Hawk Ridge project and provide clear, high-priority targets for our upcoming 2026 exploration season."

About Nickel North Exploration Corp.

Nickel North Exploration is a Canada-based exploration company focused on defining a copper/nickel/cobalt/platinum group element mineral resource at its Hawk Ridge project in Northern Quebec. The board of directors, adviser committee and management team are experienced, successful mine finders. The property consists of a 50-kilometre-long belt of strong magmatic copper/nickel/cobalt/platinum group element occurrences covering 179.67 square kilometres. Quebec is a mining-friendly jurisdiction. Nickel North Exploration is a conscientious corporate citizen that maintains good relations with local Inuit communities and is committed to sustainable development.

Nickel North Exploration has been identified as a key player in the critical and strategic minerals value chain by Quebec's Ministry of Economics and Innovation (MEI) in 2021 (Quebec Plan for the Development of Critical and Strategic Minerals 2020-2025), which is part of Quebec's Plan for the Development of Critical and Strategic Metals (QPDCSM) and aims to stimulate the exploration and mining of strategic critical minerals and their transformation and recycling.

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