TORONTO, May 6, 2015 /CNW/ - Royal Nickel Corporation ("RNC") (TSX: RNX) is pleased to have been awarded the provincial Silver Medal for small and medium businesses in the Innovation category at the "Les Grands Prix santé et sécurité du travail" ceremony sponsored by the Quebec Occupational Health and Safety Commission (CSST). The award recognizes a company that has distinguished itself in the innovation category for having implemented tangible projects or for taking a proactive approach with respect to health and safety in the workplace.
The project for which RNC was recognized is the implementation of a weight system on a metasonic drill used during geotechnical surveying work. The system was designed in-house and was developed jointly by staff and management. The system reduces the exposure of workers to vibrations during drilling.
"The team at RNC is honoured to be recognized with the Innovation Award from the Les Grands Prix santé et sécurité du travail," said Mark Selby, President and CEO. "I am particularly proud of the capacity for innovation our team has demonstrated in its' approach to advancing the Dumont project while at the same time making every effort to ensure that the health and safety of our workers remains at the forefront. I believe these efforts are essential to the successful and sustainable development of our project."
When in production, RNC's Dumont project is expected to be one of the largest base metal mines in Canada and one of the top five sulphide nickel producers globally. The Dumont feasibility study (see RNC technical report dated July 25, 2013) estimates the project will produce an average of 90 million pounds of nickel annually and employ an average of approximately 500 people in the Abitibi region over a 33 year project life. RNC's targeted key milestones for Dumont in the near term include the completion of partnership and financing arrangements and the receipt of the main environmental permit.
About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource company focused primarily on the acquisition, exploration, evaluation and development of base metal and platinum group metal properties. RNC's principal asset is the Dumont Nickel Project strategically located in the established Abitibi mining camp, in the municipalities of Launay and Trécesson, 25 kilometres northwest of Amos, Quebec. RNC also owns interests in two advanced stage nickel exploration properties: the Aer-Kidd project near Sudbury, Ontario and the West Raglan project in northern Quebec. RNC has a strong management team and Board with over 100 years of mining experience in the nickel business at Inco and Falconbridge. RNC's common shares and warrants trade on the TSX under the symbols RNX and RNX.WT.
Cautionary Statements Concerning Forward-Looking Statements
This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of RNC, the outlook for the nickel market, key milestones for 2015 to 2018, including timing of receipt of the main permit and the potential of the Aer-Kidd and West Raglan projects.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RNC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There are no assurances that Dumont, or any of RNC's other property interests, will be placed into production. Factors that could affect the outcome include, among others: the inability to raise the funds necessary to achieve the milestones or complete development of Dumont and inability to raise the funds necessary to advance exploration activities; the actual results of development activities at Dumont and exploration activities at Aer-Kidd and West Raglan; project delays; general business, economic, competitive, political and social uncertainties; future prices of metals; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to RNC's filings with Canadian securities regulators available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and RNC disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE Royal Nickel Corporation
For further information: Rob Buchanan, Director, Investor Relations, T: (416) 363-0649, www.royalnickel.com; Mélanie Corriveau (French contact), Community Relations Coordinator, T: (819) 727-3777