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Canada Nickel Company Concludes Successful Participation in Washington, D.C. Summit on North American Critical Minerals Strategy

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Canada Nickel Company participated in the 2024 Energy Transition Metals Summit in Washington, D.C., emphasizing the importance of nickel in clean energy solutions. The company's CEO highlighted the essential role of nickel in EVs and stainless steel production, promoting collaboration in critical minerals between Canada, Ontario, and the US. Canada Nickel showcased its Crawford Nickel Sulphide Project as a model of innovation and sustainability, projecting to be a top nickel sulphide operation globally with zero-carbon production potential. The summit addressed challenges and opportunities in the nickel market, focusing on securing a reliable supply of critical minerals for North America's EV and stainless steel markets.

La Canada Nickel Company ha partecipato al Summit sui Metalli per la Transizione Energetica del 2024 a Washington D.C., sottolineando l'importanza del nichel nelle soluzioni per l'energia pulita. Il CEO dell'azienda ha evidenziato il ruolo cruciale del nichel nella produzione di veicoli elettrici e acciaio inossidabile, promuovendo la collaborazione sui minerali critici tra Canada, Ontario e Stati Uniti. Canada Nickel ha presentato il suo progetto Crawford Nickel Sulphide come modello di innovazione e sostenibilità, proiettandolo come una delle principali operazioni di solfuro di nichel a livello mondiale con potenziale di produzione a zero emissioni di carbonio. Il summit ha trattato le sfide e le opportunità nel mercato del nichel, con un focus sulla sicurezza dell'approvvigionamento di minerali critici per i mercati nordamericani dei veicoli elettrici e dell'acciaio inossidabile.
Canada Nickel Company participó en la Cumbre de Metales para la Transición Energética 2024 en Washington D.C., destacando la importancia del níquel en las soluciones de energía limpia. El CEO de la empresa resaltó el papel esencial del níquel en la producción de vehículos eléctricos y acero inoxidable, fomentando la colaboración en minerales críticos entre Canadá, Ontario y los EE. UU. Canada Nickel presentó su Proyecto de Sulfuro de Níquel Crawford como un modelo de innovación y sostenibilidad, proyectándose como una de las principales operaciones de sulfuro de níquel a nivel mundial con potencial de producción cero-carbono. La cumbre abordó los desafíos y oportunidades en el mercado del níquel, enfocándose en asegurar un suministro confiable de minerales críticos para los mercados de vehículos eléctricos y acero inoxidable de América del Norte.
캐나다 니켈 회사는 워싱턴 D.C.에서 열린 2024년 에너지 전환 금속 정상회담에 참여하여 깨끗한 에너지 솔루션에서의 니켈의 중요성을 강조했습니다. 회사의 CEO는 전기차 및 스테인리스 스틸 생산에서 니켈의 필수적인 역할을 부각시키며 캐나다, 온타리오, 미국 간의 중요 광물 협력을 촉진했습니다. 캐나다 니켈은 크로퍼드 니켈 설파이드 프로젝트를 혁신과 지속 가능성의 모델로 선보이며 전 세계적으로 탑 수준의 니켈 설파이드 운영으로 자리 잡을 것이며, 제로 탄소 생산 가능성을 전망했습니다. 이 정상회담은 니켈 시장의 도전과 기회를 다루며 북미의 전기차 및 스테인리스 스틸 시장을 위한 중요 광물의 안정적 공급을 확보하기 위한 논의를 진행했습니다.
Canada Nickel Company a participé au Sommet des Métaux pour la Transition Énergétique 2024 à Washington D.C., soulignant l'importance du nickel dans les solutions d'énergie propre. Le PDG de la société a mis en lumière le rôle essentiel du nickel dans la production de véhicules électriques et d'acier inoxydable, promouvant la collaboration sur les minéraux critiques entre le Canada, l'Ontario et les États-Unis. Canada Nickel a présenté son projet de sulfure de nickel Crawford comme un modèle d'innovation et de durabilité, se projetant comme une des principales opérations de sulfure de nickel au niveau mondial avec un potentiel de production sans carbone. Le sommet a abordé les défis et les opportunités sur le marché du nickel, se concentrant sur la sécurisation d'un approvisionnement fiable en minéraux critiques pour les marchés nord-américains des véhicules électriques et de l'acier inoxydable.
Die Canada Nickel Company nahm am Energieübergang-Metallgipfel 2024 in Washington D.C. teil und betonte die Bedeutung von Nickel in Lösungen für saubere Energie. Der CEO des Unternehmens hob die entscheidende Rolle von Nickel in der Produktion von Elektrofahrzeugen und rostfreiem Stahl hervor und förderte die Zusammenarbeit bei kritischen Mineralien zwischen Kanada, Ontario und den USA. Canada Nickel stellte sein Crawford Nickel Sulfid Projekt als Beispiel für Innovation und Nachhaltigkeit vor, mit Aussichten darauf, global eine führende Nickelsulfidoperation mit dem Potenzial für eine kohlenstofffreie Produktion zu werden. Der Gipfel behandelte Herausforderungen und Chancen auf dem Nickelmarkt, mit einem Fokus auf die Sicherstellung einer zuverlässigen Versorgung mit kritischen Mineralien für die Märkte für Elektrofahrzeuge und Edelstahl in Nordamerika.
Positive
  • Canada Nickel positioned as a leader in large-scale nickel supply and a key player in North America's critical minerals strategies.

  • The Crawford Nickel Sulphide Project projected to be the Western World's largest nickel sulphide operation with environmentally responsible mining practices.

  • CEO Mark Selby stressed the importance of strengthened Ontario-US trade partnerships in critical minerals for the transition to a cleaner economy.

Negative
  • The company faces challenges in navigating the impact of recent US policies on metal imports and securing a reliable supply chain for critical minerals.

WASHINGTON, April 30, 2024 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) was proud to participate in an Ontario government delegation at the 2024 Energy Transition Metals Summit in Washington, D.C. During the summit, CEO Mark Selby, a veteran in the mining industry with over 20 years of experience, stressed the importance of strengthened Ontario-US trade partnerships and collaboration in critical minerals as demand for clean energy solutions across North America surges.

Canada Nickel Company's CEO further spoke about the essential role of nickel in various high-tech applications, including electric vehicles (EVs) and stainless steel production, critical for the transition to a cleaner economy. "Nickel is not just a metal; it's a linchpin in our sustainable future," said Mark Selby, CEO of Canada Nickel Company.  "Canada Nickel, Ontario, Canada and the United States share many of the same economic and environmental objectives, specifically around the need for reliable, clean, critical minerals sources amid growing geopolitical tensions and increasing supply chain pressures."

Canada Nickel's Crawford Nickel Sulphide Project in Ontario's Timmins Nickel District was showcased at the summit as a model of innovation and sustainability. Projected to become one of the top nickel sulphide operations globally, it boasts potential for zero-carbon production thanks to the Company's proprietary IPT Carbonation carbon storage technology.

"The Crawford Project is expected to be the Western World's largest nickel sulphide operation, emphasizing our commitment to environmentally responsible mining practices that significantly reduce carbon emissions," Selby noted. The Ontario project is expected to play a crucial role in filling critical supply gaps for North America's EV and stainless steel markets.

The summit also served as a platform for Canada Nickel to discuss the challenges and opportunities in the nickel market, which is essential for powering the EV revolution. The discussions included the impact of recent US policies on metal imports and the strategic steps both nations and the province need to take to secure a reliable supply of critical minerals.

"We have the critical minerals, expertise and experience the world is looking for in my riding of Timmins and across Northern Ontario," said George Pirie, Member of Provincial Parliament for Timmins, and Ontario's Minister of Mines. "The United States and Ontario share goals for a battery-powered future and the relationship between our governments has never been more important. We need to work together to secure the supply chain and Ontario-based companies like Canada Nickel will help us accomplish this goal. I am so excited to continue working to promote Ontario mining companies because they are the best in the world."

Canada Nickel's participation in the summit underscores its role as a leader in the next generation of large-scale nickel supply and as a key player in North America's critical minerals strategies. The company continues to work closely with the Ontario Government, Canadian, and US officials to advance bilateral initiatives that enhance the critical minerals supply chain and promote sustainable mining practices.

For More Information, Contact:
Mark Selby
CEO and Director
647-256-1954
info@canadanickel.com

Media Contact:
Sydney Oakes
Director of Indigenous Relations and Public Affairs, Canada Nickel Company
sydneyoakes@canadanickel.com

About Canada Nickel Company 

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.

Cautionary Statement Concerning Forward-Looking Statements 

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation.  Forward looking information includes, but is not limited to, the potential of the Crawford Nickel Sulphide Project, strategic plans, statements relating to the nickel and EV markets, and corporate and technical objectives.  Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information.  Factors that could affect the outcome include, among  others:  future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise  the money necessary to incur the expenditures required to retain and advance the Crawford Project, environmental liabilities  (known  and  unknown), general business, economic, competitive, political and social uncertainties, results of  exploration programs, risks of the mining industry, delays in obtaining governmental approvals, and failure to obtain  regulatory or shareholder approvals.  There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.  Accordingly, readers should not place undue reliance on forward-looking information.  All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof.  Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/canada-nickel-company-concludes-successful-participation-in-washington-dc-summit-on-north-american-critical-minerals-strategy-302132296.html

SOURCE Canada Nickel Company Inc.

FAQ

<p>What was the focus of Canada Nickel Company's participation in the 2024 Energy Transition Metals Summit?</p>

Canada Nickel Company emphasized the importance of nickel in clean energy solutions and collaboration in critical minerals between Canada, Ontario, and the US.

<p>What is the projected outcome of Canada Nickel's Crawford Nickel Sulphide Project?</p>

The Crawford Project is expected to be the Western World's largest nickel sulphide operation with potential for zero-carbon production.

<p>What challenges did Canada Nickel discuss at the summit regarding the nickel market?</p>

Canada Nickel addressed challenges related to recent US policies on metal imports and the need to secure a reliable supply of critical minerals for North America's EV and stainless steel markets.

CANADA NICKEL CO INC

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