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CANADA NICKEL CO INC - $CNIKF STOCK NEWS

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Canada Nickel Company Inc. continues to achieve excellent drill results at its Reid property, with new best intervals to date, including 687 meters of 0.27% nickel. The company's exploration program aims to deliver new resources by Q2-2025 and unlock the regional exploration potential of the Timmins Nickel District. With long drill intervals and higher grade mineralization reported, Canada Nickel highlights the large-scale potential of the Reid Property.

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Canada Nickel Company participated in the 2024 Energy Transition Metals Summit in Washington, D.C., emphasizing the importance of nickel in clean energy solutions. The company's CEO highlighted the essential role of nickel in EVs and stainless steel production, promoting collaboration in critical minerals between Canada, Ontario, and the US. Canada Nickel showcased its Crawford Nickel Sulphide Project as a model of innovation and sustainability, projecting to be a top nickel sulphide operation globally with zero-carbon production potential. The summit addressed challenges and opportunities in the nickel market, focusing on securing a reliable supply of critical minerals for North America's EV and stainless steel markets.

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Canada Nickel announces exercise of Mann Property option with Noble, acquiring an 80% interest in the Mann Nickel Property, covering a combined 25 km strike length of nickel-bearing ultramafic rocks. The company plans to advance exploration programs in 2024, focusing on resource delineation and drilling the Southeast property for the first time. CEO Mark Selby expresses optimism for unlocking the potential of the properties.
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NetZero Metals Inc., a subsidiary of Canada Nickel Company Inc., has awarded key engineering contracts to global leaders in engineering to advance the development of two processing facilities in the Timmins Nickel District. The facilities aim to produce net zero carbon nickel, stainless steel, and alloys through the capture of CO2 emissions, aligning with the province's electric vehicle strategy. The feasibility studies for the facilities are on track for completion by year-end, with a target start-up date of 2027 for the steel plant. The company's collaboration with SMS group, Metso, and Ausenco signifies a significant step towards sustainable and environmentally responsible production in North America.
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Canada Nickel Company Inc. announced the commencement of Front End Engineering Design at the Crawford Nickel Sulphide project, led by Ausenco Engineering Canada ULC. The company aims for a mid-2025 construction decision and first production by year-end 2027. Mark Selby, CEO of Canada Nickel, expressed confidence in advancing engineering activities to meet project targets.
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Canada Nickel Company Inc. announces positive initial assay results from its 2024 exploration program, including significant nickel mineralization at Newmarket and Reid properties. The Company plans to delineate an initial palladium-platinum resource at Crawford. CEO Mark Selby highlights the potential of Reid and Newmarket properties for large-scale mineralization.
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Canada Nickel Company Inc. announces successful delineation of Mann Central and Mann Northwest discoveries, extending mineralization across significant strike lengths. The properties have large ultramafic targets, with PGMs intersected alongside nickel mineralization. CEO Mark Selby highlights the extensive target strike length of over 25 kilometers. The company plans to focus on exploration programs in 2024, with Mann Southeast to be drilled next summer.
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Canada Nickel reports successful assay results from the 'B' Zone at Bannockburn, with multi-hundred meter intervals of nickel ranging from 0.27-0.29% and higher grade intervals of 0.3% or better. The upcoming summer 2024 drill program aims to complete the Canada Nickel program for an initial resource later in 2024.
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Canada Nickel Company Inc. plans to develop two processing facilities in the Timmins Nickel District, aiming to be the largest nickel processing facility in North America. The facilities will be designed to be net zero-carbon and utilize carbon storage capacity to store CO2. The Company is at the site-selection stage and expects to complete feasibility studies by year-end. Production is estimated to begin by 2027, positioning the company at the forefront of the global transition to greener energy and materials.
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Canada Nickel Company Inc. has completed an equity investment by Samsung SDI Co., Ltd. for US$18.5 million, resulting in Samsung SDI holding 8.7% of the company's common shares.
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CANADA NICKEL CO INC

OTC:CNIKF

CNIKF Rankings

CNIKF Stock Data

192.16M
152.25M
14.15%
1.02%
Copper, Nickel, Lead, and Zinc Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Toronto