Canada Nickel Co Inc Stock Price, News & Analysis

Canada Nickel Company has partnered with Australia-based NetCarb to advance carbon sequestration technology that could increase CO2 storage capacity at its Crawford site by up to 10 times compared to their current IPT Carbonation process. The new NetCarb technology targets complete carbonation of serpentine minerals through a CO2 activity swing reactor, potentially enabling 10-15 million tonnes of annual CO2 storage and over 500 million tonnes throughout Crawford's 40+ year mine life. The partnership aims to develop a Zero Carbon Industrial Cluster in Timmins, Ontario, with potential for multi-gigatonne carbon sequestration across 20 regional ultramafic exploration properties. The companies plan to seek government funding and attract industrial partners across various sectors including natural gas power, hydrogen production, and biomass industries.

Canada Nickel Company's Crawford Nickel Sulphide Project has been recognized by the Government of Ontario as one of five strategic critical minerals projects ready for near-term development. The project, located near Timmins, will provide domestic supply of critical minerals including nickel, cobalt, and North America's only chromium source. Ontario's government support includes a $500 million Critical Minerals Processing Fund and $3.1 billion in various funding to support Indigenous partnerships. The Crawford Project features direct access to power, road, and rail infrastructure, and has established partnerships with local Indigenous Nations. The project will utilize Canada Nickel's innovative IPT Carbonation process for carbon capture, positioning it to become one of Canada's largest carbon storage facilities while contributing to economic development in Northern Ontario.

Canada Nickel Company (CNIKF) reported positive exploration results from its Reid, Mann West, and Deloro properties in the Timmins Nickel District. Key findings include: At Mann West, drilling revealed 0.33% nickel over 52 metres within 480 metres of 0.27% nickel, with an initial resource expected in June 2025. The Reid project showed impressive continuity with significant intersections: - 0.27% nickel over 711 metres - 0.45% nickel over 39 metres within 0.37% nickel over 120 metres Deloro property demonstrated shallow mineralization: - 0.38% nickel over 48 metres within 347 metres of 0.26% nickel - Mineralization starting just 2-6 metres below surface The company expects to publish six resources by end of June 2025 and three additional resources through the remainder of 2025, demonstrating the significant potential of the Timmins Nickel District.

Canada Nickel Company (CNIKF) has successfully closed a $20 million Convertible Note with Taykwa Tagamou Nation (TTN), marking the largest direct equity investment by a First Nation in a Canadian critical minerals company. The note has a 5-year term with a 6.15% annual coupon paid quarterly and is convertible into 16.67 million common shares at $1.20 per share, representing a 7.9% equity stake. TTN gains a seat on Canada Nickel's Board of Directors while maintaining the specified ownership threshold. This partnership strengthens their existing collaboration on the Crawford Nickel Sulphide Project and associated infrastructure, including power transmission and electric haul fleet development.

Canada Nickel Company (OTCQX: CNIKF) has secured a US$20 million bridge loan from BT Strategic Mineral Assets LP, facilitated by BT Capital. The loan, maturing on February 9, 2026, carries a 1% monthly interest rate and includes a 2.5% arrangement fee. As part of the deal, the lender received 5 million one-year warrants exercisable at $0.94.

The funds will be used to advance the company's flagship Crawford Nickel Sulphide Project and repay an existing Auramet loan. Additionally, Canada Nickel expects to close a C$20 million convertible note investment with Taykwa Tagamou Nation during the week of May 12th, 2025.

The company has also acquired 32 mining claims totaling 656 hectares in the Timmins area, issuing 70,000 common shares to vendors. Furthermore, it has settled US$750,000 of Auramet debt by issuing 1,050,909 common shares at $0.99 per share.

Canada Nickel (OTCQX: CNIKF) has announced the extension of its US$15 million loan facility repayment with Auramet International from April 25, 2025, to July 25, 2025. The company has the option to repay the loan before May 9, 2025, without incurring an extension fee. If not repaid by then, an extension fee of US$345,802 will be due by July 25, 2025.

The loan will carry a 1.25% monthly interest rate during the extension period, with interest payments on both the original loan and extension amounts deferred to July 25, 2025. This extension aims to facilitate the completion of various strategic financing initiatives, including a previously announced investment from Taykwa Tagamou Nation.

Canada Nickel Company (OTCQB: CNIKF) has welcomed Ontario's new legislation, the Protect Ontario by Unleashing Our Economy Act, 2025, aimed at streamlining critical mineral project development. The law focuses on reducing red tape and accelerating project approval timelines to meet growing demand for strategic minerals like nickel.

The company's Crawford Nickel Sulphide Project near Timmins is positioned as one of the world's largest nickel sulphide resources and a important component of Ontario's critical minerals strategy. The project is expected to generate significant economic benefits through employment, infrastructure investment, and supply of low-carbon nickel.

The legislation recognizes the Timmins region as a zone of strategic economic importance, leveraging its existing mining expertise, workforce, infrastructure, and community support to establish Ontario's leadership in critical minerals development.

Canada Nickel Company (OTCQB: CNIKF) has announced the nomination of Jackie Przybylowski to its Board of Directors, with the election scheduled for May 28, 2025. In the interim, she will serve as a Board observer.

Przybylowski, currently Vice President of Capital Markets at Gold Royalty Corp, brings extensive experience as a metals and mining analyst and metallurgical engineer. She previously served as Managing Director of Metals and Mining Equity Research Analysis at BMO Capital Markets and held analyst positions at Desjardins Capital Markets and Scotia Capital.

With an MBA, MEng, and BASc from the University of Toronto, along with P.Eng and CFA designations, Przybylowski has visited over 130 mines across 30+ countries. The appointment comes as Canada Nickel approaches a construction decision on its Crawford Nickel Sulphide project by year-end 2025. The Company will grant 138,889 deferred share units upon her election.

Canada Nickel Company (OTCQB: CNIKF) has announced a strategic transaction to create a new royalty company ('RoyaltyCo') through a binding Letter of Intent with Edmiston Drive Capital Corp. (EDCC). The deal involves:

- Canada Nickel receiving $8 million in cash and 8.9 million EDCC shares
- Maintaining a 62% ownership interest in EDCC
- Granting 1% NSR royalties on its regional exploration properties in the Timmins Nickel District (excluding Crawford, Kingsmill, and Dargavel)

The transaction is expected to close by April 30, 2025, subject to TSXV approval. EDCC will raise $9 million through common and preferred shares. The new board will include two Canada Nickel appointees, one EDCC appointee, and two independent directors.