SPC Nickel Corp. announced the initiation of a metallurgical test work study (the "Study"), to be performed by Vale Base Metals subsidiary, Vale Canada Limited ("Vale"), on mineralization from the Company's West Graham Ni-Cu Project. The Study will perform a standardized flotation test to assess potential recoveries, mineralogy and grindability of West Graham mineralization based on a simulated Clarabelle Mill flowsheet.

The Clarabelle Mill is located in Sudbury, Ontario and is owned and operated by Vale. The planned metallurgical study will focus on mineralization from six shallow drill holes completed by SPC Nickel in 2023 that targeted a 150 metre by 150 metre area immediately down-dip of an extensive surface Ni-Cu gossan. The target area is being evaluated as a potential low-strip ratio, higher-grade starter pit.

This program represents a preliminary bench-scale metallurgical study of the West Graham mineralization and it is expected that additional metallurgical test work will be required and completed in the future. The Lockerby East Property is located in the heart of the Sudbury Mining District where nine mines are currently in operation and two more are in the development phase. The region benefits from its proximity to well-developed transportation infrastructure including roads, railways, and electrical grid.

In addition, the Property is situated close to processing, smelting and refining assets which include two mills, two smelters and one nickel refinery. Local operators include global mining corporations Vale, Glencore and KGHM.