Highlights Canada Nickel acquiring an 80% interest in Mann Property Includes Mann Northwest, Central and Southeast properties that cover a combined 25 km strike length of nickel-bearing ultramafic rocks Northwest and Central will advance to resource delineation programs while Southeast will be drilled for the first time, all during the 2024 exploration program Canada Nickel Company Inc. is pleased to announce that it is [...]
Highlights Key Engineering Contracts Awarded and Work is Underway Steel plant design led by SMS group Key portions of nickel plant design led by Metso Overall study compilation & supporting engineering led by Ausenco Feasibility studies for Nickel Processing Facility and Stainless Steel and Alloy Production Facility near Timmins, Ontario remain on target for year-end NetZero Metals Inc. , a wholly-owned subsidiary of [...]
Highlights Crawford on track for mid-2025 construction decision and first production by year-end 2027 Front End Engineering Design led by Ausenco Canada Nickel Company Inc. announced today that it has commenced Front End Engineering Design at the Company's Crawford Nickel Sulphide project led by its long-term engineering partner Ausenco Engineering Canada ULC and supported by a number of engineering firms from the [...]
Highlights First two holes at Newmarket successfully intersect target mineralization including 373 metres of 0.24% nickel in NEW24-01 Best interval to date at first hole at Reid - 675 metres of 0.25% nickel including 142 metres of 0.32% nickel and 24 metres of 0.40% nickel in REI24-17 First five holes at Reid each intersect over 650 metres of target mineralization within an 800-metre-thick ultramafic sequence [...]
Highlights A new discovery, Mann Central, successfully delineated across 2.5 kilometre strike length by six holes Three additional drill holes at previously announced Mann Northwest discovery, extended mineralization across a 2.7 kilometre strike length Mann Northwest and Mann Central are two of five targets each with a geophysical footprint larger than Crawford, and a combined strike length of over 25 kilometres [...]
Highlights First five holes drilled by Canada Nickel into the "B" Zone intersected multi-hundred metre intervals of 0.27-0.29% nickel and contained higher grade intervals of 0.3% nickel or better Higher grade intervals included 16.5 metres of 0.54% nickel within a larger interval of 54 metres of 0.38% nickel in BAN23-04 Upcoming summer 2024 drill program will complete the Canada Nickel drill program in preparation for an [...]
Highlights Processing facilities expected to be the largest nickel processing facility in North America and largest stainless-steel and alloy production facility in Canada, filling a key gap in the North American electric vehicle supply chain - utilizing proven, low environmental footprint technology. Both processing facilities to be designed to be net zero-carbon - utilizing Canada Nickel Company's carbon storage [...]
Canada Nickel Company Inc. has completed its previously announced equity investment by Samsung SDI Co., Ltd. for aggregate gross proceeds of US$18.5 million . Samsung SDI has subscribed for 15.6 million common shares of the Company at C$1.57 per share. Samsung SDI now holds 8.7% of the issued and outstanding common shares of the Company. About Samsung SDI Samsung SDI is a manufacturer of rechargeable batteries for the IT [...]
Canada Nickel Company Inc. has extended the repayment date of the US$12 million loan facility announced September 18, 2023, with Auramet International, Inc. from January 18, 2024, to February 16, 2024. The loan will carry an interest rate of 1.25% per month for the extension period. Canada Nickel has also entered into seven purchase and sale agreements with arm's length vendors pursuant to which the Company has agreed to [...]
Highlights Samsung SDI to invest US$18.5 million and acquire approximately 15.6 million shares of Canada Nickel, becomes an 8.7% shareholder Samsung SDI granted the right to purchase a 10% equity interest in the Crawford project for US$100.5 million upon a final construction decision Samsung SDI will be granted certain offtake rights to the Crawford project's nickel-cobalt products subject to the completion of the 10 [...]
Highlights Canada Nickel to receive flow through funding of $34.7 million Agnico Eagle to become a 12% shareholder Canada Nickel Company Inc. has completed a brokered private placement consisting of 19,600,000 units of the Company at a price of C$1.77 per Flow-Through Unit, with each unit consisting of one flow-through common share of the Company and 0.35 of one flow-through common share purchase Warrant , as more [...]
Stock Symbol: AEM Agnico Eagle Mines Ltd. announced today that it acquired 19,600,000 units of Canada Nickel Company Inc. at a price of $1.18 per Unit for total consideration of approximately $23,128,000 from several sellers that acquired the Units in connection with an offering of flow-through Units by Canada Nickel . Each Unit was comprised of one common share of Canada Nickel and 0.35 of one common share purchase [...]
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