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 (OTCQB: CNIKF) has welcomed Ontario's new legislation, the Protect Ontario by Unleashing Our Economy Act, 2025, aimed at streamlining critical mineral project development. The law focuses on reducing red tape and accelerating project approval timelines to meet growing demand for strategic minerals like nickel.
The company's Crawford Nickel Sulphide Project near Timmins is positioned as one of the world's largest nickel sulphide resources and a important component of Ontario's critical minerals strategy. The project is expected to generate significant economic benefits through employment, infrastructure investment, and supply of low-carbon nickel.
The legislation recognizes the Timmins region as a zone of strategic economic importance, leveraging its existing mining expertise, workforce, infrastructure, and community support to establish Ontario's leadership in critical minerals development.
Canada Nickel Company (OTCQB: CNIKF) has announced the nomination of Jackie Przybylowski to its Board of Directors, with the election scheduled for May 28, 2025. In the interim, she will serve as a Board observer.
Przybylowski, currently Vice President of Capital Markets at Gold Royalty Corp, brings extensive experience as a metals and mining analyst and metallurgical engineer. She previously served as Managing Director of Metals and Mining Equity Research Analysis at BMO Capital Markets and held analyst positions at Desjardins Capital Markets and Scotia Capital.
With an MBA, MEng, and BASc from the University of Toronto, along with P.Eng and CFA designations, Przybylowski has visited over 130 mines across 30+ countries. The appointment comes as Canada Nickel approaches a construction decision on its Crawford Nickel Sulphide project by year-end 2025. The Company will grant 138,889 deferred share units upon her election.
Canada Nickel Company (OTCQB: CNIKF) has announced a strategic transaction to create a new royalty company ('RoyaltyCo') through a binding Letter of Intent with Edmiston Drive Capital Corp. (EDCC). The deal involves:
- Canada Nickel receiving $8 million in cash and 8.9 million EDCC shares
- Maintaining a 62% ownership interest in EDCC
- Granting 1% NSR royalties on its regional exploration properties in the Timmins Nickel District (excluding Crawford, Kingsmill, and Dargavel)
The transaction is expected to close by April 30, 2025, subject to TSXV approval. EDCC will raise $9 million through common and preferred shares. The new board will include two Canada Nickel appointees, one EDCC appointee, and two independent directors.
Canada Nickel (TSXV: CNC) (OTCQX: CNIKF) has announced an extension of its US$15 million loan facility repayment with Auramet International. The repayment date has been pushed from March 14, 2025, to April 25, 2025.
The extension comes with new terms including an extension fee of US$168,233 payable by April 25, 2025, and a monthly interest rate of 1.25% during the extension period. Additionally, the interest on the original loan amount has been deferred to the new repayment date.
Canada Nickel has announced successful exploration results from its 'Three Giants' properties - Reid, Mann West, and Midlothian. Mann West achieved its highest-grade interval to date with 0.63% nickel over 4.5 metres within 18 metres of 0.40% nickel, contained in a 452-metre mineralized core length of 0.27% nickel.
Midlothian demonstrated consistent higher grades, showing 0.32% nickel over 49 metres within a 441.5-metre hole length at 0.29% nickel. The Reid project continued its infill and extension drilling with notable results, including 0.48% nickel over 12.0 metres and 0.41% nickel over 37.5 metres within a 722.7-metre core length.
The company plans to publish six additional resources by mid-2025, bringing the total to eight regional resources in the Timmins Nickel District. Each of these targets has a footprint larger than the flagship Crawford Nickel Sulphide Project, with Reid covering 3.9 square kilometres, Midlothian 1.7 square kilometres, and Mann West 3.4 square kilometres.
Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) has signed a significant agreement with Mattagami, Matachewan, and Flying Post First Nations for the Crawford Nickel Sulphide Project on March 3, 2025. The agreement establishes a framework for early business and employment opportunities while working towards a comprehensive Impact Benefits Agreement (IBA).
The agreement includes open-book negotiations for key projects scheduled between 2025-2029:
- Construction of a 25.2-kilometre railway line
- Relocation of Highway 655
- Construction of a temporary Highway 655 overpass
The partnership prioritizes First Nations businesses, promotes own-source revenue, and supports regional growth. The agreement establishes mechanisms for transparency through regular engagement sessions and appoints a First Nations Business Representative to coordinate opportunities. It includes prioritized access for First Nation-owned businesses to contracts and specialized training programs for local skills development.
Canada Nickel has announced successful completion of Front End Engineering Design (FEED) for its Crawford Project, revealing improved financial metrics. The project's NPV8% increased by over $300 million to $2.8 billion, while IRR improved by 0.5% to 17.6% compared to the feasibility study.
Key developments include:
- Initial capital cost increase to 5%, reaching $2.0 billion
- Mine plan resequencing to accelerate East Zone ore delivery
- 30% reduction in pre-stripping requirements
- East Zone ore value increased by 7.4% to $31.18/t
The company is working with Scotiabank, Deutsche Bank, and Cutfield Freeman to complete project funding by year-end. The FEED engineering has progressed to approximately 30%, sufficient for long-lead orders. The company is also pursuing non-equity financing initiatives, including government funding, for remaining permitting and engineering activities.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) has completed the previously announced definitive agreement with Noble Mineral Exploration to create East Timmins Nickel (formerly 'ExploreCo'). The agreement consolidates their joint venture in Mann Township and other exploration projects East of Timmins.
East Timmins is now a private company with an 80% ownership by Canada Nickel and 20% by Noble. As part of the transaction, Canada Nickel issued 162,000 common shares to Noble to consolidate ownership of properties previously held by a third party. The transaction's closing remains subject to final TSX Venture Exchange approval.
Canada Nickel (TSXV: CNC) (OTCQB: CNIKF) has announced an extension to the closing date of its $20 million Convertible Note agreement with Taykwa Tagamou Nation (TTN). The transaction, initially announced on December 16, 2024, is pending approval from the TSX Venture Exchange and other required third-party consents.
TTN's Chief Bruce Archibald reaffirmed their commitment to completing the investment partnership with Canada Nickel, emphasizing the collaboration's importance for future generations while maintaining environmental stewardship and community well-being.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) has secured a $3.4 million federal funding to advance its proprietary In-Process Tailings (IPT) Carbonation technology at the pilot plant level. The innovative process transforms nickel mining tailings into a permanent carbon storage solution, for which the company has filed a patent application.
The company's Crawford Nickel Sulphide Project is designed to become one of Canada's largest carbon storage facilities. Once operational, the project has the potential to sequester up to 1.5 million tonnes of CO2 annually during peak production and is expected to store 54 million tonnes over its 41-year life span. The funding will be provided through Natural Resources Canada's Energy Innovation Program, supporting the government's goals of reducing greenhouse gas emissions and fostering clean energy technologies.
