Canada Nickel Co Inc Stock Price, News & Analysis

Canada Nickel Company (OTCQX: CNIKF) announced improved metallurgical test results from its Crawford Nickel Sulphide Project. Notably, they achieved a 61% nickel recovery rate from a 0.22% nickel sample, surpassing the model outlined in the Preliminary Economic Assessment (PEA) by 19 percentage points. Additionally, iron recovery reached 63%, which is 15 percentage points higher than the PEA model. The company plans further testing to evaluate metallurgical performance across different samples, aiming for more efficiency and enhanced project valuation.

Canada Nickel Company (TSXV: CNC, OTCQX: CNIKF) will present at the Scotiabank Mining Conference on November 30, 2021, at 8:00 a.m. ET. CEO Mark Selby will also participate in one-on-one meetings on November 30 and December 1, 2021. The company is focused on developing next-generation nickel-cobalt sulphide projects to meet the growing demand for electric vehicles and stainless steel. Canada Nickel's flagship project is the Crawford Nickel-Cobalt Sulphide Project located in Timmins-Cochrane mining camp.

Canada Nickel Company has completed 18 transactions to acquire 13 additional target properties near its Crawford Nickel-Sulfide Project. This acquisition expands the total target area to 37.7 square km, significantly larger than the Crawford Main Zone. Notable properties include Sothman, Deloro, and Mann, which exhibit promising historical drill results with high nickel grades. The Sothman property alone holds a historical resource estimate of 190,000 tons grading 1.24% nickel. This strategic consolidation underscores Canada Nickel's commitment to becoming a leader in low-carbon nickel supply.

Canada Nickel Company has announced a conference call on November 22, 2021, at 10:00 a.m. Eastern Time, hosted by Mark Selby, Chair and CEO. The call will provide updates and insights into the company's operations. Participants can join via local Toronto, North American toll-free, or international numbers, with a webcast URL available for online access. A replay will be accessible from 12:30 p.m. ET on the same day until December 13, 2021. Canada Nickel focuses on nickel and cobalt projects for electric vehicle and stainless steel markets.

Canada Nickel Company has finalized a purchase and sale agreement to acquire approximately 1,231 patented properties and mining claims from Noble Mineral Exploration. This strategic acquisition covers key nickel targets in Ontario's Project 81 land package, enhancing Canada Nickel's Crawford Project footprint. The transaction, subject to final TSX Venture Exchange approval, involves Canada Nickel issuing 3.5 million shares to Noble. Notably, Noble will retain a 2% net smelter return royalty on select claims, with specific buyback options available.

Canada Nickel Company has announced successful initial lab testing results indicating that tailings from its Crawford Nickel-Sulphide Project can capture 17.5 kg CO₂ per tonne of tailings, far exceeding the 4.6 kg CO₂ required for net zero carbon production. The company aims to achieve a zero carbon nickel operation and is exploring the sale of excess CO₂ capture as carbon credits. The results, supported by research from Kingston Process Metallurgy and Queen's University, highlight the project's potential for carbon sequestration and ongoing efforts to optimize the process.

Canada Nickel Company announced significant drilling results from the Crawford Nickel-Sulphide Project, revealing an extensive Higher-Grade Core in the East Zone, spanning 2.1 kilometers. Noteworthy results include Hole 142A, averaging 0.31% Ni over 576 meters, and Hole 165A, mineralized over 690 meters. The metallurgical work shows a 55% nickel concentrate from the East Zone samples, indicating the potential for a major resource increase. Infill drilling will continue, supporting a resource update next year and a feasibility study expected later in 2022.

Canada Nickel Company announced significant metallurgical advancements at its Crawford Nickel Sulphide Project, achieving a nickel recovery rate of 62%, a 19% improvement over previous assessments. The iron recovery improved by 5% to 45%, with a notable 14% increase in magnetite concentrate grade to 54% iron. Cobalt recovery also rose dramatically to 70%, exceeding previous targets. The company is committed to advancing its feasibility study, albeit facing delays in assay results. These developments enhance the project’s overall value and potential returns.

Canada Nickel Company (CNIKF) announced its participation in a Virtual Investor Conference on July 29, 2021, where CEO Mark Selby will present company updates. The firm is also consolidating land by acquiring mineral property claims in the Timmins, Ontario region for 1.26 million shares and $25,000. These acquisitions come with a 2% royalty for vendors and additional offtake rights for one vendor. The transactions are pending regulatory approval. The company focuses on advancing nickel-cobalt projects aimed at supporting electric vehicle markets.