Welcome to our dedicated page for Canada Nickel Co news (Ticker: CNIKF), a resource for investors and traders seeking the latest updates and insights on Canada Nickel Co stock.
Canada Nickel Company Inc. (OTCQB: CNIKF) generates a steady flow of news as it advances a portfolio of nickel-sulphide projects in Ontario, Canada. The company’s announcements focus on technical milestones, regulatory developments, economic assessments, and partnerships tied to its flagship Crawford Nickel-Cobalt Sulphide Project and the broader Timmins Nickel District.
Readers following CNIKF news can expect detailed updates on NI 43-101 mineral resource estimates for multiple deposits, including Crawford, Reid, Deloro, Midlothian, Bannockburn, and other properties in the district. Releases often cover new drilling results, changes in measured, indicated, and inferred resources, and the filing of independent technical reports prepared by qualified consulting firms.
Canada Nickel also issues news on permitting and government engagement, such as the referral of Crawford to Canada’s Major Projects Office and its designation under Ontario’s One Project, One Process framework. These items highlight how the project fits within federal and provincial critical minerals strategies and describe steps in the regulatory review process.
Another recurring theme in the company’s news is its net-zero carbon metals strategy. Announcements describe the development of its patented In-Process Tailings (IPT) Carbonation technology, collaborations with NetCarb on enhanced carbon sequestration and by-products, and pilot projects with the University of Texas at Austin and the U.S. DOE ARPA‑E program to test in-situ carbon storage at Crawford.
In addition, Canada Nickel publishes economic impact analyses, share-based compensation grants, and other corporate updates that provide context on project economics, anticipated employment, and capital markets activity. Investors and observers who want to track the evolution of a district-scale nickel sulphide portfolio and associated carbon capture initiatives can monitor this news feed for ongoing developments, technical results, and strategic partnerships related to CNIKF.
Canada Nickel Company (TSXV: CNC) announced promising drill assay results from its recent exploration activities at Mahaffy, Dargavel, Kingsmill, and MacDiarmid properties. Notably, the Dargavel hole DAR21-01 presented an impressive 162 metres of 0.30% nickel, including a higher grade of 0.34% nickel over 28.5 metres. The company's Crawford feasibility study is expected to be finalized by Q4 2022, with the permitting process commencing in Q1 2022. Management appointments have strengthened the engineering and environmental teams, positioning the company for further success.
Canada Nickel Company announced the closing of a $10 million secured loan with Auramet International, with proceeds aimed at funding the Crawford Nickel Sulphide Project.
The loan, due by April 5, 2022, carries a 1% monthly interest rate and includes an arrangement fee of 2%. Additionally, the company issued 325,000 warrants at a strike price of $3.94. This financial support positions Canada Nickel to advance its project while it concludes a strategic investor process in the first quarter of 2022.
Canada Nickel Company announced a US$10 million secured loan facility with Auramet to support the ongoing Crawford Nickel Sulphide Project. The loan, due April 5, 2022, carries a 1% monthly interest and an arrangement fee of 2% of the loan amount. The company is in discussions with strategic investors to enhance funding opportunities and expects to conclude these discussions early next year. Canada Nickel has made progress with drilling results and a Preliminary Economic Assessment, positioning itself well in the nickel market.
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.
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