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 Co Inc. (CNIKF) drives innovation in sustainable nickel production through its flagship Crawford Nickel Sulphide Project and NetZero Metals initiatives. This page aggregates official announcements, operational updates, and strategic developments critical for understanding the company's role in supplying essential materials for electric vehicle batteries and stainless steel.
Investors and industry observers will find comprehensive coverage of resource expansion efforts, environmental milestones, and partnership agreements. The curated news feed serves as a reliable source for tracking progress in the Timmins Nickel District and Canada Nickel's advancements toward carbon-neutral metal production.
Key updates include drilling results, feasibility study disclosures, sustainability certifications, and market positioning strategies. All content is sourced directly from company filings and verified industry channels to ensure accuracy and relevance for financial decision-making.
Bookmark this page for streamlined access to Canada Nickel's evolving story in the critical minerals sector. Regular updates provide insights into operational scaling, technological innovations, and the company's growing influence in low-carbon supply chains.
Canada Nickel (TSXV: CNC) (OTCQX: CNIKF) has announced an extension of its US$15 million loan facility repayment with Auramet International. The repayment date has been pushed from March 14, 2025, to April 25, 2025.
The extension comes with new terms including an extension fee of US$168,233 payable by April 25, 2025, and a monthly interest rate of 1.25% during the extension period. Additionally, the interest on the original loan amount has been deferred to the new repayment date.
Canada Nickel has announced successful exploration results from its 'Three Giants' properties - Reid, Mann West, and Midlothian. Mann West achieved its highest-grade interval to date with 0.63% nickel over 4.5 metres within 18 metres of 0.40% nickel, contained in a 452-metre mineralized core length of 0.27% nickel.
Midlothian demonstrated consistent higher grades, showing 0.32% nickel over 49 metres within a 441.5-metre hole length at 0.29% nickel. The Reid project continued its infill and extension drilling with notable results, including 0.48% nickel over 12.0 metres and 0.41% nickel over 37.5 metres within a 722.7-metre core length.
The company plans to publish six additional resources by mid-2025, bringing the total to eight regional resources in the Timmins Nickel District. Each of these targets has a footprint larger than the flagship Crawford Nickel Sulphide Project, with Reid covering 3.9 square kilometres, Midlothian 1.7 square kilometres, and Mann West 3.4 square kilometres.
Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) has signed a significant agreement with Mattagami, Matachewan, and Flying Post First Nations for the Crawford Nickel Sulphide Project on March 3, 2025. The agreement establishes a framework for early business and employment opportunities while working towards a comprehensive Impact Benefits Agreement (IBA).
The agreement includes open-book negotiations for key projects scheduled between 2025-2029:
- Construction of a 25.2-kilometre railway line
- Relocation of Highway 655
- Construction of a temporary Highway 655 overpass
The partnership prioritizes First Nations businesses, promotes own-source revenue, and supports regional growth. The agreement establishes mechanisms for transparency through regular engagement sessions and appoints a First Nations Business Representative to coordinate opportunities. It includes prioritized access for First Nation-owned businesses to contracts and specialized training programs for local skills development.
Canada Nickel has announced successful completion of Front End Engineering Design (FEED) for its Crawford Project, revealing improved financial metrics. The project's NPV8% increased by over $300 million to $2.8 billion, while IRR improved by 0.5% to 17.6% compared to the feasibility study.
Key developments include:
- Initial capital cost increase to 5%, reaching $2.0 billion
- Mine plan resequencing to accelerate East Zone ore delivery
- 30% reduction in pre-stripping requirements
- East Zone ore value increased by 7.4% to $31.18/t
The company is working with Scotiabank, Deutsche Bank, and Cutfield Freeman to complete project funding by year-end. The FEED engineering has progressed to approximately 30%, sufficient for long-lead orders. The company is also pursuing non-equity financing initiatives, including government funding, for remaining permitting and engineering activities.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) has completed the previously announced definitive agreement with Noble Mineral Exploration to create East Timmins Nickel (formerly 'ExploreCo'). The agreement consolidates their joint venture in Mann Township and other exploration projects East of Timmins.
East Timmins is now a private company with an 80% ownership by Canada Nickel and 20% by Noble. As part of the transaction, Canada Nickel issued 162,000 common shares to Noble to consolidate ownership of properties previously held by a third party. The transaction's closing remains subject to final TSX Venture Exchange approval.
Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) has announced an extension to the closing date of its $20 million Convertible Note agreement with Taykwa Tagamou Nation (TTN). The transaction, initially announced on December 16, 2024, is pending approval from the TSX Venture Exchange and other required third-party consents.
TTN's Chief Bruce Archibald reaffirmed their commitment to completing the investment partnership with Canada Nickel, emphasizing the collaboration's importance for future generations while maintaining environmental stewardship and community well-being.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) has secured a $3.4 million federal funding to advance its proprietary In-Process Tailings (IPT) Carbonation technology at the pilot plant level. The innovative process transforms nickel mining tailings into a permanent carbon storage solution, for which the company has filed a patent application.
The company's Crawford Nickel Sulphide Project is designed to become one of Canada's largest carbon storage facilities. Once operational, the project has the potential to sequester up to 1.5 million tonnes of CO2 annually during peak production and is expected to store 54 million tonnes over its 41-year life span. The funding will be provided through Natural Resources Canada's Energy Innovation Program, supporting the government's goals of reducing greenhouse gas emissions and fostering clean energy technologies.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) has filed a NI 43-101 technical report on SEDAR+ for its Reid Nickel Sulphide Project near Timmins, Ontario. The report confirms the initial mineral resource estimate announced on December 23, 2024, with an effective date of December 5, 2024.
The Reid project represents the second of eight additional resources expected to be published by mid-2025. According to CEO Mark Selby, the Reid resource is significantly larger than the initial Crawford resource and features a favorable strip ratio of 1.2. The project's target footprint is more than double the size of the company's flagship Crawford Project, highlighting the potential of the Timmins Nickel District.
Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) announced an extension to the closing date of their $20 million Convertible Note agreement with Taykwa Tagamou Nation (TTN). The transaction, which was initially announced on December 16, 2024, is now expected to close by February 14, 2025. The completion remains subject to TSX Venture Exchange approval and other required third-party consents.
Canada Nickel announced positive exploration results from multiple properties in the Timmins Nickel District. Key highlights include:
- Midlothian: Best regional result with 470 meters of 0.31% nickel, including 13.5 meters of 0.41% nickel
- Bannockburn: Eight holes with well-mineralized intervals, five containing >0.3% nickel
- Deloro: Eleven holes with mineralized intervals, including 371 meters of 0.27% nickel
- Nesbitt: Drilling yielded 382 meters of 0.22% nickel
The company completed over 118,000 meters of drilling on 14 properties during its 2024 campaign. All properties are within 100 kilometers of the Timmins mining camp. The company expects to publish a total of eight additional regional resources by mid-2025, including resources at Bannockburn, Mann Central, Mann West, Midlothian, Nesbitt, and Texmont.
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