Canickel Mining Limited
P.O. Box 35, 1655-999 West Hastings Street
Vancouver BC Canada V6C 2W2
CaNickel Mining Limited (TSX-V: CML) is a Canadian junior mining company that owns the Bucko Lake Mine, currently on care and maintenance, near Wabowden, Manitoba. From 2009 to 2012, nearly 450,000 tonnes of mineralized material were mined to produce 6.9 million pounds of nickel before the mine was put on care and maintenance due to operational challenges and low nickel prices. Today, the Bucko Lake Mine and surrounding satellite deposits continue to host significant nickel sulphide resources grading over 1% Ni.
The mine and surrounding deposits benefit from excellent infrastructure including roads, rail, power, internet, personnel, and equipment. The mine can be accessed and operated all year, and existing mine infrastructure includes a 1,000-tpd processing plant, backfill paste plant, on-site drill core shack, hoist and headframe, fine mineralized material bin, office, dry trailers, compressor room, tailings disposal management area and a 100-person camp.
TO LEARN MORE ABOUT THE BUCKO LAKE MINE, PLEASE VISIT: WWW.BUCKOLAKEMINE.COM
Capital Structure & Financial Position (as of September 30, 2022)
Shares Issued and Outstanding: 37,520,369
Options & Warrants Outstanding: 0
Fully Diluted: 37,520,369
Cash position: C$206,812
Debt: C$92,621,343
Market Capitalization: C$2.6 million
Recent News Releases
Board of Directors and Management Team
Wenfeng Liu, Chairman
Mr. Liu is a Chinese-Canadian businessman and investor who has numerous business interests. Mr. Liu has held senior positions with Chinese steel producer Hebei Wenfeng Iron and Steel Co., Ltd. from its inception to 2004, as well as senior management and executive positions in various other business corporations in China. In Canada, Mr. Liu served as Director of TSXV listed Welichem Biotech Inc. from January 24, 2008 to March 12, 2009.
Kevin (Xuexin) Zhu, M.Eng, P.Eng, PMP, Director and CEO
Mr. Zhu is a professional mining engineer (P.Eng.) and project management professional (PMP) with over 20 years experiences in mine planning, engineering design, construction and operation management of open pit and underground hard rock mines. He graduated in mining engineering from Central South University in China and holds a master's degree in mining engineering from Laurentian University, Canada. He currently is the principle consultant and a director of CMS Consulting Limited. He joined Canickel in 2010 and resigned from the Board and as interim CEO of Canickel in 2011 due to family reasons. Prior to joining Canickel, he worked at Continental Minerals Corporation for two years as project manager of Xietongmen project, two years with Eldorado Gold Corporation as senior mining engineer and chief engineer at Tanjianshan mine, and six years with Sino Gold Limited as senior manager at JCL gold mine and White Mountain project.
Myles Gao, Director
Mr. Gao obtained his B.Sc. in geology from Lanzhou University, China, in 1982. Moving to Canada in 1989, he received his M.Sc. Degree in geology in 1993 from Laurentian University. Mr. Gao has worked for numerous Canadian mining and exploration companies in both Canada and China, and has been holding executive positions, such as CEO, President, or COO of a Canadian public mining company since 2003. Mr. Gao was also a director of the Company from December 2010 to November 2013. Mr. Gao is a Qualified Person as defined under Canadian NI43-101.
Lorne Waldman MBA, LL.B, Director
Mr. Waldman, was a corporate lawyer and senior executive for over 20 years, for NYSE and TSX listed reporting issuers in both the mining and electronics industry. He is a current member of the Law Society of British Columbia and was a previously Senior VP of Silvercorp Metals Inc., a TSX and NYSE American listed company. Prior to that, he held senior management positions, including Corporate Secretary and In-house Legal Counsel with a NYSE listed electronics manufacturer. He has extensive experience in a wide range of corporate and securities matters, investor relations, corporate communications and first nations collaboration. He also recently served a director and audit committee member for Nam Tai Property Inc., a NYSE listed company developing real estate in Shenzhen, China and is a director and the Chairman of the Audit Committee of Whitehorse Gold Corp., a TSX Venture Exchange listed company.
Dr. Weiliang Wang, Director
Dr. Wang is a professional geologist with over 20 years experience in mining project management, geological due diligence, evaluation and valuation, and the provision of Competent Person Reports for global institutions and security exchanges. Dr. Wang holds PhD from The University of Hongkong, Master degree from Peking University and B.Sc. degree from China University of Geosciences.
Jerry (Yubai) Zhang, CFO and Corporate Secretary
Mr. Zhang obtained his bachelor degree of Business Administration from China University of Mining and Technology, Beijing, China in 2004 and is a member of the Chartered Professional Accountant of British Columbia.
Shirley Anthony, VP Corporate Development
Ms. Anthony has over 14 years of corporate communications, corporate development, and strategic marketing experience at numerous publicly traded North American resource companies ranging from early-stage exploration to production. Most recently, she held the role of VP Investor Relations and Communications with Cassiar Gold Corp. Prior to that, she held roles as Director, Corporate Communications with Maple Gold Mines; VP, Corporate Communications for International Tower Hill Mines; Manager, Corporate Communications for Corvus Gold; and Corporate Communications Manager for Silvercorp Metals. Ms. Anthony holds a Bachelor of Arts degree in Interdisciplinary Studies from the University of British Columbia and is based in Vancouver, B.C.
Contact Information
Shirley Anthony VP Corporate Development Phone: 778-999-2771 E-mail: shirley@canickel.com