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 Company Inc. (TSXV: CNC) (OTCQX: CNIKF) has initiated the submission of the federal Impact Statement for its Crawford Nickel Sulphide Project. The submission, expected to be completed within six weeks, includes critical baseline data and analysis of environmental, social, and economic effects of the project. It reflects the company's commitment to responsible mining and outlines mitigation measures for potential negative impacts.
The Impact Statement is the result of extensive consultations with Indigenous Nations, local communities, government agencies, and key stakeholders. CEO Mark Selby highlighted this as a major milestone, bringing the company closer to securing permits targeted for 2025. The project aims to drive regional economic growth and produce critical minerals to meet rising global demand, positioning Canada Nickel as a key player in the transition to a low-carbon economy.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) has announced significant developments for its subsidiary, NetZero Metals Inc. The company has formed an Advisory Board of global metallurgical leaders to support the advancement of its nickel, stainless-steel, and alloy processing facilities planned for the Timmins District. The Advisory Board includes Dr. Ulrich Albrecht Frueh, Boyd Davis, Christian Hempel, and Tony Warner, bringing extensive experience in the nickel, stainless, and alloy steel sectors.
Additionally, Canada Nickel has appointed Scott Lauschke as Vice-President Business Development for NetZero Metals. Lauschke, a metallurgical engineer with 27 years of experience in stainless and alloy steels, will play a important role in progressing the company's downstream processing projects through the Feasibility Study stage and into production.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) has received a support letter from a leading financial institution expressing interest in providing up to C$500 million (US$370 million) in long-term debt financing for the Crawford Nickel Sulphide Project in Timmins, Ontario. This is in addition to the US$500 million letter of interest from Export Development Canada announced last week. Combined, these letters amount to approximately US$870 million of potential senior debt.
The company also expects to qualify for refundable critical minerals and carbon capture and storage tax credits exceeding US$600 million for Crawford's initial development phase. With these financial developments, Canada Nickel is well-positioned to secure the remaining project funding needed to begin construction when permits are received, expected by mid-2025.
Canada Nickel announced positive exploration results from 48 drilling holes across seven regional properties in the Timmins Nickel District, including Reid, Mann (North, West, Central, South), Reaume, and Texmont. Key highlights include
- Reid: 710 meters of 0.25% nickel, 105 meters of 0.35% nickel
- Mann Central: 223 meters of 0.29% nickel, 10 meters of 0.51% nickel
- Mann West: delineated mineralization over 1.7 km strike length
- Texmont: 6.5 meters of 2.68% nickel
- Reaume: visible coarse-grained awaruite
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) has received a Letter of Interest (LOI) from Export Development Canada (EDC) for up to US$500 million in long-term debt financing for the Crawford Nickel Sulphide Project in Timmins, Ontario. EDC could consider a debt tenor of up to eighteen years, subject to conditions and due diligence. This milestone, combined with expected refundable tax credits exceeding US$600 million, demonstrates significant federal government support for the project. Canada Nickel is working with financial advisors to secure remaining funding, aiming to begin construction by mid-2025, pending permit approvals.
Canada Nickel Company Inc. (TSXV: CNC) (OTCQB: CNIKF) has filed a technical report for its Deloro Nickel Sulphide Project near Timmins, Ontario. The report, prepared in accordance with NI 43-101, supports the initial mineral resource estimate announced on July 18, 2024. Deloro is the first of seven additional resources expected to be published by mid-2025. The project benefits from its proximity to Timmins and existing infrastructure, as well as a low average overburden of 6 meters. CEO Mark Selby expressed excitement about the company's regional exploration program success, with a comprehensive update expected next week.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) announced positive assay results from its 2024 exploration program at the Reid property near Timmins, Ontario. The best interval to date was 661 metres of 0.29% nickel, including 100 metres of 0.42% nickel and 40 metres of 0.51% nickel in hole REI-24-35. All 8 holes targeting the Reid Central Core intersected core lengths greater than 620 metres with average grades of 0.21% to 0.29% nickel. The company expects to complete the first phase of drilling in August and produce an initial resource estimate for Reid in Q4 2024. CEO Mark Selby highlighted the potential scale of the Timmins Nickel District, with seven drill rigs currently operating on five separate targets.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) announced results from its Crawford PGM Zone infill drilling campaign. The program targeted PGM Zones at Crawford with 45 holes intersecting drill intervals of >1g/t palladium + platinum. Highlights include:
- 2.19 g/t palladium + platinum over 76.5 metres in Crawford Main Zone
- 1.15 g/t palladium + platinum over 38.5 metres in Crawford East Zone
The PGM results will be included in developing a Crawford PGM Zone resource estimate and incorporated into the Crawford nickel mine plan. CEO Mark Selby noted the potential to unlock incremental value from material previously treated as waste within the Crawford feasibility study.
Canada Nickel Company (TSXV:CNC) (OTCQX:CNIKF) has announced positive results from metallurgical testing on the Crawford East Zone. A locked cycle test produced a 60% nickel sulphide concentrate, believed to be the world's highest grade, with a total nickel recovery of 47%, exceeding the feasibility study model by 9%. Ten new open circuit variability tests demonstrated nickel recoveries averaging 28% higher than the feasibility study model.
The company has also initiated a pilot plant program at SGS Lakefield, which is four times larger than the previous plant used in 2022. This plant will focus on generating substantial quantities of nickel and NiCr magnetite concentrate for the NetZero Metals downstream business. The pilot plant is expected to operate until September.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) has announced an initial mineral resource for its Deloro Nickel Sulphide Project near Timmins, Ontario. The resource includes an Indicated Resource of 81 million tonnes grading 0.25% nickel (202kt contained nickel) and an Inferred Resource of 357 million tonnes grading 0.25% nickel (885kt contained nickel). The project is located in a strategic position, just 8 km south of Timmins and close to existing infrastructure.
The company is actively exploring the Timmins Nickel District with seven drill rigs currently operating across various properties. Canada Nickel plans to publish seven new nickel resources by the end of Q1 2025, demonstrating the potential scale of the district. The company has completed 112 holes totaling 47,482 metres across multiple projects in 2024.
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