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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.

News
Rhea-AI Summary
Canada Nickel Company Inc. (CNC) has extended the repayment date of a US$12 million loan facility with Auramet International, Inc. to January 18, 2024. The extension involves issuing 350,000 one year common share purchase warrants with a strike price of $1.19 per share and paying an extension fee of 1.5% of the repayment amount of US$185,519. The loan will carry an interest rate of 1.25% per month for the extension period. The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws. The extension is also subject to TSX-V approval. Mark Selby, CEO of Canada Nickel, expressed satisfaction with the extension, noting that it allows the company to advance various financing and offtake initiatives expected to complete during this timeframe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
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Rhea-AI Summary
Canada Nickel Company Inc. (CNC), a leading nickel mining company, has filed a Bankable Feasibility Study (BFS) for its Crawford Nickel Sulphide Project. The BFS, independently prepared by Ausenco Engineering Canada Inc., highlights robust economics, large initial mineral reserves, large scale, low cost, long-life production, significant improvement in recoveries, significant earnings and free cash flow generation, and minimization of carbon footprint. The project is expected to become one of Canada's largest carbon storage facilities and be a net negative contributor of CO2 over the project life.
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The Watchlist by The Market Herald releases new interviews with Leveljump Healthcare, Kootenay Silver, Sendero Resources, Nextech3D.ai, and Canada Nickel Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.34%
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AI
Rhea-AI Summary
Canada Nickel Company Inc. released the results of the Bankable Feasibility Study for its Crawford Nickel Sulphide Project. The study confirmed significantly improved economics with an after-tax NPV8% of $2.5 billion and IRR of 17.1%. Crawford is the world's second-largest nickel reserve and is expected to become one of Canada's largest carbon storage facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.34%
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Rhea-AI Summary
Canada Nickel to host feasibility study conference call on Thursday, October 12, 2023
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5.22%
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Rhea-AI Summary
Canada Nickel Company has successfully completed its carbon storage pilot plant, confirming the value of its IPT Carbonation process. A consulting study suggests that the Canada Nickel Crawford project could expect over C$25 per tonne of CO2 in storage fees. The company believes that the incorporation of IPT Carbonation could make its project eligible for carbon capture and storage tax credits. The release of the Integrated Feasibility Study on October 12th is expected to support the company's belief in the project's potential. Adam Schatzker has joined as Vice-President Corporate Development to focus on carbon-related businesses.
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End-of-Day
7.53%
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Canada Nickel closes $12 million loan facility with Auramet International, Inc.
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-1.1%
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Rhea-AI Summary
Canada Nickel Company Inc. has published its inaugural Environmental, Social, and Governance Report (ESG Report) for 2022. The report outlines the company's contributions to the United Nations Sustainable Development Goals and the 10 Principles of the United Nations Global Compact. Canada Nickel is committed to transparency, accountability, and sustainability in its operations and decision-making processes.
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End-of-Day
-3.41%
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Rhea-AI Summary
Canada Nickel Company Inc. provides an update on its activities, including new management appointments and a $12 million loan facility with Auramet International, Inc. The company is making key management appointments in preparation for a construction decision by mid-2025. Discussions with potential offtake partners are ongoing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.44%
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none
Rhea-AI Summary
Canada Nickel Company Inc. releases drilling results from Mann Northwest Property in Timmins Nickel District. Significant mineralization intersected in multiple holes. Mann Northwest target footprint is triple the size of Crawford project footprint. Grades confirm expectations.
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Rhea-AI Sentiment
End-of-Day
7.46%
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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