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Victory Nickel Inc.
2300 Yonge Street
Suite 1600, Yonge Eglinton Centre
Phone: (416) 626-0470p:416 626-0470 TORONTO, ON  M4P 1E4  Canada Ticker: NINI

Filed a Notice of Intention to Make a Proposal on 4/1/2022
On 4/1/2022, Victory Nickel Inc. filed a notice of intention to make a proposal (“NOI”) under Part III, Division I of the Bankruptcy and Insolvency Act (the “BIA”).
Grant Thornton Limited has been appointed proposal trustee.

Business Summary
Victory Nickel Inc. is a Canada-based company that is the producer and supplier of frac sand from its frac sand plant (the 7P Plant). The Company is engaged in the exploration, evaluation and development of properties for the mining and production of nickel and associated products. It operates through Exploration and Development, and Frac Sand segment. The Company’s exploration and evaluation properties include Lac Rocher, Mel, Lynn Lake, Bear Coulee and Short Grass properties. The Lac Rocher property is located over 140 kilometers northeast of Matagami in northwestern Quebec. The Mel properties are located near Thomson, Manitoba from Vale. The Lynn Lake nickel property covers approximately 600 hectares (ha) in northern Manitoba. It has an interest in a frac sand land package totaling over 300 acres in Trempeleau County Wisconsin, the United States (the Bear Coulee property). The Short Grass property is located in Alberta, Canada, which is over 52 kilometers from the 7P Plant.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
9/30/202112/31/2020Yes----

Industries
SIC Code Description
1499 Miscellaneous nonmetallic minerals, except fuels
1021 Copper ores

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Executive Chairman of the Board Cynthia P.Thomas 10/29/2018 2/1/2007
Interim Chief Executive Officer, Acting Chief Financial Officer Sean D.Stokes 10/29/2018 5/1/2006
Vice Chairman of the Board Rene R.Galipeau 10/29/2018 2/1/2007
4 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Independent Nickel Corp. 102-957 Cambrian Heights Drive Sudbury ON Canada

Business Names
Business Name
Independent Nickel Corp.
NI
Victory Nickel Incorporated
XZPN

General Information
Number of Employees: 11 (As of 12/31/2014)
Outstanding Shares: 138,178,867 (As of 9/30/2021)
Stock Exchange: CNQ
Fax Number: (416) 626-0890


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Friday, May 27, 2022