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Canada Nickel Company Inc. reports development updates for nickel-sulphide projects in Ontario’s Timmins mining district. Coverage centers on the 100% owned Crawford Nickel-Cobalt Sulphide Project, permitting and grid-connection work, project financing, and technical disclosures for properties such as Reid and Midlothian.
The company’s news also covers NI 43-101 mineral resource reports, awaruite and metallurgical results, carbon-sequestration studies, and its NetZero Nickel, NetZero Cobalt and NetZero Iron process-development initiatives for nickel, cobalt and iron products.
Canada Nickel (OTCQB: CNIKF) filed independent NI 43-101 technical reports for its 100% owned Midlothian and Bannockburn nickel sulphide projects near Timmins, Ontario. The reports, effective December 15, 2025 and issued February 2, 2026, support the previously announced initial mineral resource estimates and show no material differences from the December 18, 2025 disclosure.
The Reports were prepared by Caracle Creek International Consulting and are available on SEDAR+. The Company also issued 27,400 common shares under an amended Midlothian option agreement to defer and satisfy a final $200,000 cash option payment.
Canada Nickel (OTCQB: CNIKF) awarded Ausenco a contract to begin detailed engineering for the Process Plant and supporting infrastructure at the Crawford Nickel Sulphide Project and to provide overall project support.
The company said it is targeting commencement of construction at Crawford by year-end and noted Ausenco has supported prior studies including the 2020 PEA, 2023 Feasibility Study, and 2025 FEED.
Canada Nickel (RCL) filed an independent NI 43-101 technical report supporting the initial mineral resource estimate for its 100% owned Deloro Nickel Sulphide Project near Timmins, Ontario.
The report, dated September 3, 2024 with an effective date of July 17, 2024, was prepared by Caracle Creek International Consulting and posted on SEDAR+. The company said there are no material differences from results disclosed on July 18, 2024. Management noted Deloro's proximity to Timmins and Dome Mill infrastructure and an average overburden of 6 metres. The qualified person, Stephen J. Balch P.Geo., reviewed and approved the technical information.
Canada Nickel (OTCQB: CNIKF) announced the Province of Ontario has named the Crawford Nickel Project as the second project in the new One Project, One Process (1P1P) framework on January 13, 2026. The designation aims to streamline permitting and coordination across ministries and follows Crawford's November 2024 Impact Statement and November 2025 referral to the federal Major Projects Office. Independent analysis cited estimates of >$70 billion GDP over a 40+ year mine life, ~4,000 total jobs, and ~1.5 million tonnes CO₂ storage per year.
Canada Nickel (OTCQB: CNIKF) announced an updated Reid Mineral Resource Estimate on Jan 12, 2026, increasing Measured & Indicated contained nickel by 46% to 2.1 million tonnes (0.87 billion tonnes @ 0.23% Ni) and Inferred contained nickel by 47% to 3.2 million tonnes (1.45 billion tonnes @ 0.22% Ni). A higher‑grade domain totals 0.77 billion tonnes @ 0.25% Ni (Indicated) and 0.98 billion tonnes @ 0.24% Ni (Inferred). The deposit has an average strip ratio of 1.19:1, average overburden of 25.8 m, and remains open along multiple directions. An Exploration Target of 0.5–1.4 billion tonnes @ 0.21–0.22% Ni is reported as conceptual pending further drilling.
Canada Nickel (TSXV: CNC / OTCQB: CNIKF) granted equity and deferred awards for fiscal 2025 performance on Dec 30, 2025. Total grants: 1,900,000 stock options (exercise price $1.16, five-year term, vesting in three equal annual tranches), 1,900,000 RSUs (settled in common shares, vesting in three equal annual tranches), 1,900,000 cash-settled performance RSUs (vesting in full on board approval to commence construction of the Crawford Project or potentially vesting in thirds after one year subject to market parameters), and 750,000 DSUs (vesting/settlement under the DSU Plan approved May 28, 2025).
Grants are to certain directors, officers and/or employees and tie a portion of pay to construction and market-based performance triggers.
Canada Nickel (OTCQB: CNIKF) reported initial Mineral Resource Estimates for Midlothian and Bannockburn dated December 15, 2025. Midlothian: 595.3 Mt Inferred @ 0.28% Ni (1.68 Mt contained Ni) and an Exploration Target 434–980 Mt @ 0.25–0.27% Ni. Bannockburn: 63.2 Mt Indicated @ 0.28% Ni (0.18 Mt Ni) and 129 Mt Inferred @ 0.27% Ni (0.34 Mt Ni).
The Timmins Nickel District totals 3.98 Bt M&I @ 0.24% Ni (9.42 Mt Ni) and 4.95 Bt Inferred @ 0.23% Ni (11.48 Mt Ni). Technical reports will be filed on SEDAR+ within 45 days.
Canada Nickel (TSXV: CNC) announced its flagship Crawford Project was referred to the Government of Canada's Major Projects Office following an announcement on November 13, 2025.
The company said referral aims to accelerate permitting and financing to target construction by end of 2026. Crawford is north of Timmins with direct access to power, road and rail, co-developed with First Nations partners, and advances one of the world's largest nickel reserves while producing nickel, cobalt and North America's only domestic chromium source.
An independent economic assessment estimates $70 billion GDP over the life of the mine and roughly 185,000 person-years of employment, including about 1,000 full-time and 3,000 indirect roles.
Canada Nickel (OTCQB: CNIKF) and the University of Texas at Austin launched a one-month in-situ carbon sequestration pilot at the Crawford nickel project near Timmins, Ontario on Nov 3, 2025.
The pilot, supported by funding from the U.S. DOE ARPA-E, will inject carbon-enriched water into a 400 metre-deep well in ultramafic rock to test rapid CO2 mineralization (initial reaction hours; most CO2 expected to become solid within six months). Monitoring will use groundwater sampling, seismic sensors, gas detectors, and satellite surface tracking. The study is independent of Canada Nickel’s IPT Carbonation and aims to inform post-mining sequestration and a Zero-Carbon Industrial Cluster vision.
Canada Nickel (OTCQX: CNIKF) and NetCarb announced a phased partnership to test NetCarb's proprietary carbon sequestration process on Crawford tailings to produce by-products and enable a zero carbon industrial cluster in Northeastern Ontario. Key near-term activities include lab work in 2026, pilot demonstrations targeted for 2027, and funding proposals through 2025. NetCarb estimates each tonne of Crawford tailings could sequester ~300 kg CO2, yield ~55 kg hydrogen (convertible to ~310 kg ammonia or ~b>545 kg urea) and produce ~270 kg MgO. The program will assess blue-green hydrogen, low-carbon fertilizers, magnesium products and biomass-enabled carbon removal.