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Canada Nickel Company Inc - CNIKF STOCK NEWS

Welcome to our dedicated news page for Canada Nickel Company (Ticker: CNIKF), a resource for investors and traders seeking the latest updates and insights on Canada Nickel Company.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Canada Nickel Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Canada Nickel Company's position in the market.

Rhea-AI Summary
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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0.92%
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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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2.02%
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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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4.84%
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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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-1.36%
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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 Company Inc. has extended the repayment date of a $12 million loan facility with Auramet International, Inc. and entered into purchase and sale agreements for mining claims in Ontario. The company has also agreed to issue common shares to two indigenous nations as part of exploration agreements and confirmed cash fees for a private placement of flow-through units.
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2.65%
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Samsung SDI to invest US$18.5 million in Canada Nickel Company Inc. (CNC) and acquire approximately 15.6 million shares, becoming an 8.7% shareholder. Samsung SDI also gains the right to purchase a 10% equity interest in the Crawford project for US$100.5 million. Canada Nickel will grant Samsung SDI certain offtake rights to the project's nickel-cobalt products.
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5.49%
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Canada Nickel Company 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
Canada
Toronto