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) (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.
Canada Nickel announced the closing of a US$15 million secured loan facility with Auramet International. The loan, due on January 9, 2025, has an interest rate of 1.00% per month and a 2.5% arrangement fee. Auramet received 750,000 1-year warrants with a strike price of $1.42 per share. The loan is intended for working capital and is subject to typical covenants and a four-month hold period under Canadian securities laws.
Canada Nickel announced the creation of a new subsidiary, ExploreCo, involving the spin-out of its Eastern Exploration Properties and consolidation of the Crawford Regional Land Package. This new entity, owned 80% by Canada Nickel and 20% by Noble Mineral Exploration, consolidates their joint ventures and exploration projects east of Timmins into a private company. ExploreCo will manage 1,989 mining claims over 42,000 hectares, with funding initially provided by Canada Nickel. Noble will transfer 832 mining claims and 291 mining patents to Canada Nickel, facilitating the development of the Crawford Nickel Sulphide Project. Further details rely on a definitive agreement and regulatory approvals.
Canada Nickel has announced a US$15 million loan facility with Auramet, expected to close by July 9, 2024. The loan, due on January 9, 2025, carries a 1.00% monthly interest rate and a 2.5% arrangement fee. Auramet will receive 750,000 1-year warrants with a strike price of $1.42. Funds will support the company's permitting, engineering, and financing activities for the Crawford project, with an anticipated mid-2025 construction decision. The agreement is pending TSX Venture Exchange approval and customary conditions.
Canada Nickel has completed its 2024 drilling program at Deloro, expanding the mineralized footprint by 50% to 1.2 km long and up to 700 m wide. Located 8 km south of Timmins, Deloro has shallow overburden and easy road and powerline access. Eleven drill holes were completed, with significant nickel mineralization noted, including 0.26% nickel over 431 meters and 0.27% nickel over 293 meters. A resource estimate is underway and expected by July 2024. CEO Mark Selby highlighted the success of the exploration program, which is part of a broader effort involving seven drill rigs across multiple properties.
Canada Nickel has achieved initial metallurgical success at its Mann Northwest property with strong recovery and concentrate quality results from the first set of metallurgical tests. The overall nickel recoveries were 58% and 59%, with nickel and magnetite concentrate grades meeting expectations. The company aims to leverage its development work at Crawford across the Timmins Nickel District, showcasing promising potential. The Mann property, located in a strategic area, is undergoing exploration efforts with metallurgical test work underway.
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