Canada Nickel Co Inc Stock Price, News & Analysis

Canada Nickel Company has announced significant results from its drill program at the MacDiarmid Nickel Project, located near its Crawford discovery. The first three drill holes revealed substantial intersections of mineralized dunite, similar to the mineralization found at Crawford. The company aims to leverage these findings for further exploration across its properties. A Preliminary Economic Assessment for Crawford, promising increased project viability, will be released on May 25, 2021, followed by a conference call on May 26.

Canada Nickel Company has entered a binding letter of intent with Noble Mineral Exploration to acquire properties previously optioned by the Company, consolidating its nickel land package. The transaction involves issuing 3.5 million common shares in exchange for 100% interest in six properties, including the Bradburn/Dargavel property. The acquisition aims to expand and consolidate the Crawford footprint, enhancing Canada Nickel's strategic position. The final documentation and TSX approval are pending, with anticipated results from ongoing drilling and exploration set for May 2021.

Canada Nickel Company (TSXV: CNC, OTCQB: CNIKF) announced a longer-form option agreement with Noble Mineral Exploration to consolidate claims in MacDiarmid and Loveland Townships. The agreement involves 39 additional mineral claims and includes the issuance of 200,000 shares to Noble, forgiving a $160,224 debt, and transferring $500,000 in assessment credits. Canada Nickel must invest a total of $250,000 in exploration expenditures to earn an 80% interest in the claims over three years. The company also plans acquisitions in Timmins, Ontario, involving cash and share payments.

Canada Nickel Company has initiated its Environmental and Social Impact Assessment (ESIA) for the Crawford Nickel Cobalt Sulphide project. This move underlines the company's commitment to sustainability as it prepares for net-zero nickel and cobalt production. The ESIA will be conducted with help from Golder and Wood, both experienced in environmental permitting in Northern Ontario. The company aims to finalize its Preliminary Economic Analysis and feasibility study by year-end, emphasizing community engagement and environmental stewardship as vital aspects of the project's development.

On April 7, 2021, Canada Nickel Company announced a Memorandum of Understanding (MOU) with Taykwa Tagamou Nation (TTN) for financing its Crawford Nickel Cobalt Sulphide Project. The collaboration aims to secure favorable financing terms for heavy mining equipment, potentially reducing initial capital costs and enhancing project financing. The agreement also opens avenues for training and employment for TTN members. This partnership follows a previous agreement in December 2020, reinforcing the commitment to economic growth and responsible development in Northern Ontario.

Canada Nickel Company announced the acceleration of its common share purchase warrants expiry from September 30, 2022, to April 27, 2021. As of March 16, 2021, 1,822,750 of the original 2,675,000 warrants remain unexercised, allowing holders to acquire shares at $2.10 each. The company aims to utilize the exercised funds to continue its drilling program at the Crawford Nickel-Cobalt Sulphide Project and move forward with its feasibility study by year-end. Shareholders should note that unexercised warrants will automatically expire after the new deadline.

Canada Nickel Company announced a significant 20% increase in primary grind size without impacting recovery rates, which decreases energy costs by 15% per tonne. This improvement allows for enhanced throughput and lower costs. The release of the Preliminary Economic Assessment (PEA) is delayed until April 30, 2021 to incorporate these enhancements. Ongoing metallurgical testing aims to optimize recovery and concentrate grades, with results confirming the efficacy of coarser grind sizes and new reagents.

Canada Nickel has signed a binding letter of intent (LOI) with Noble Mineral Exploration to consolidate additional claims around the MacDiarmid nickel target, measuring 1.8 km long and 400 metres wide. This target is 15% larger than the original Crawford Main Zone discovery. The LOI allows Canada Nickel to begin drilling during the current winter season on several promising nickel-cobalt targets. The thrust of the partnership aims to enhance exploration potential on the properties, with a focus on generating significant returns for shareholders.

On October 14, 2020, Canada Nickel Company announced its graduation from the OTC Pink Sheets to the OTCQB Venture Marketplace, trading under the symbol CNIKF. This move aims to enhance accessibility for U.S. investors and increase liquidity and visibility in the market. The company focuses on the Crawford Nickel-Cobalt Sulphide Project, located in a prime mining area of Ontario. CEO Mark Selby emphasized the benefits of this transition for broadening investor engagement. The OTCQB requires companies to maintain up-to-date reporting, ensuring transparency for investors.