Canada Nickel Company is pleased to announce that, further to the closing of the Company's C$44.0 million public offering and concurrent private placement on March 2, 2023, the syndicate of underwriters led by Scotiabank, as lead underwriter and sole bookrunner, and including Red Cloud Securities, Cormark Securities, Echelon Wealth Partners, Haywood Securities, and Research Capital Corporation , have partially exercised [...]
Highlights Nine of first twelve holes with intervals of greater than 1% nickel First twelve holes confirm high grade mineralization over 400 metres of strike length that remains open to the north and at depth High grade intervals within thick mineralized sections include: Hole 22-03: 5.2 metres of 2.60% nickel within 21.0 metres of 1.22% nickel within 91.5 metres of 0.50% nickel from 58.5 metres Hole 22-06: 4.0 metres of [...]
Canada Nickel Company Inc. is pleased to announce that it has closed its previously-announced investments from Anglo American for aggregate gross proceeds of C$26,154,294.71 whereby Anglo American subscribed for 12,569,235 common shares in the capital of the Company at C$1.95 per Common Share, and 952,623 Common Shares at C$1.77 per Common Share. Upon completion of the Anglo American Investment, Anglo American will hold [...]
Canada Nickel Company is pleased to announce that it has filed and been receipted for a preliminary short form prospectus in connection with its bought deal offering of 7,462,500 common shares in the capital of the Company at a price of $1.77 per Common Share and 1,748,300 common shares issued as "flow-through shares" within the meaning of the Income Tax Act at a price of $2.86 per Flow-Through Share, for aggregate gross [...]
Canada Nickel Company Inc. is pleased to announce that it has entered into an agreement with Scotiabank to act as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters pursuant to which the Underwriters have agreed to purchase for resale the following equity securities of the Company on a bought deal basis for aggregate gross proceeds to the Company of approximately C$18.2 million : 7,462,500 [...]
Highlights Another key milestone for advancing Crawford Nickel Project towards production Anglo American to become a 9.9% shareholder Canada Nickel Company Inc. is pleased to announce that the Company has entered into a Subscription Agreement with Anglo American today to make an approximately $24 million investment in Canada Nickel at a price of $1.95 per Common Share, a 10% premium to the 30-day volume weighted average [...]
Highlights All 16 holes at Reid intersected multi-hundred metre intervals of mineralization with 6 holes in Central Core Area intersecting higher grades Holes REI22-14 and REI22-16 confirm mineralization of over 500 metres width - approximately 50% wider than Crawford Main Zone and more than 100% wider than Crawford East Zone Reid geophysical target footprint of 3.9 km2, is more than two times larger than the 1.6 km2 [...]
Highlights Latest test work confirms ability to incorporate carbon capture and storage into Crawford project plant design Crawford Nickel Project has potential to become sole large scale carbon storage facility in Ontario and one of largest facilities in Canada Integrated Feasibility Study expected to be released in second quarter Canada Nickel Company Inc. today announced that its latest test work results support the [...]
Highlights Provides potential for near-term open pit production from near-surface high grade mineralization at Texmont. High grade potential of regional package already demonstrated at multiple properties - Texmont, Sothman, Bannockburn. Mineralization outcrops at all three properties Texmont - Historic resource1 of 3.2 million tonnes of 0.9% nickel hosted within bulk tonnage target. Sothman - Historic resource2 of [...]
Canada Nickel Company Inc. is pleased to announce that it has engaged Deutsche Bank Securities Inc and Scotiabank as financial advisors for the equity component of the project financing for the Company's Crawford Nickel Sulphide Project . "As we move into the next phase of advancing Crawford towards production, we are pleased to engage two of the world's leading investment banks with a broad base of mining and industrial [...]
Highlights Additional assay results confirm scale of discovery at Reid Higher grade interval at Reid - REI22-07 325 metres of 0.29% nickel including 81 metres of 0.35% nickel New discovery at Sothman Canada Nickel Company Inc. today announced positive drilling results from its ongoing regional exploration drilling campaign at its Reid and Sothman properties. Mark Selby, Chair & CEO of Canada Nickel, "We continue to have [...]
Highlights Initial phases of pilot plant testing successfully completed Testing confirms significant improvements in both recovery and product quality from updated magnetite circuit 18% improvement in iron recovery and 15% improvement in chromium recovery 16% improvement in iron grade to 55% Discussions underway with multiple stainless and ferroalloy producers on downstream processing partnership [...]
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