Welcome to our dedicated page for Canada Nickel Company news (Ticker: $CNIKF), a resource for investors and traders seeking the latest updates and insights on Canada Nickel Company stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Canada Nickel Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Canada Nickel Company Inc. has completed an equity investment by Samsung SDI Co., Ltd. for US$18.5 million, resulting in Samsung SDI holding 8.7% of the company's common shares.
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3%
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Canada Nickel Company Inc. has extended the repayment date of a $12 million loan facility with Auramet International, Inc. and entered into purchase and sale agreements for mining claims in Ontario. The company has also agreed to issue common shares to two indigenous nations as part of exploration agreements and confirmed cash fees for a private placement of flow-through units.
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End-of-Day
2.65%
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Samsung SDI to invest US$18.5 million in Canada Nickel Company Inc. (CNC) and acquire approximately 15.6 million shares, becoming an 8.7% shareholder. Samsung SDI also gains the right to purchase a 10% equity interest in the Crawford project for US$100.5 million. Canada Nickel will grant Samsung SDI certain offtake rights to the project's nickel-cobalt products.
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5.49%
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Canada Nickel Company Inc. (TSXV: CNC) (OTCQX: CNIKF) has completed a brokered private placement, receiving flow-through funding of $34.7 million and making Agnico Eagle Mines Limited a 12% shareholder. The Offering consists of 19,600,000 units at a price of C$1.77 per unit, with each unit including one flow-through common share and 0.35 of one flow-through common share purchase Warrant. The proceeds will help unlock the potential of the Timmins Nickel District and advance various offtake initiatives. Agnico Eagle has acquired the units and holds approximately 12% of the Company's issued and outstanding common shares on a non-diluted basis, and 15.6% on a partially-diluted basis (assuming exercise of all of the Warrants).
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End-of-Day
22.8%
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Canada Nickel Company Inc. (CNC) has extended the repayment date of a US$12 million loan facility with Auramet International, Inc. to January 18, 2024. The extension involves issuing 350,000 one year common share purchase warrants with a strike price of $1.19 per share and paying an extension fee of 1.5% of the repayment amount of US$185,519. The loan will carry an interest rate of 1.25% per month for the extension period. The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws. The extension is also subject to TSX-V approval. Mark Selby, CEO of Canada Nickel, expressed satisfaction with the extension, noting that it allows the company to advance various financing and offtake initiatives expected to complete during this timeframe.
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End-of-Day
-2.3%
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Canada Nickel Company Inc. (CNC), a leading nickel mining company, has filed a Bankable Feasibility Study (BFS) for its Crawford Nickel Sulphide Project. The BFS, independently prepared by Ausenco Engineering Canada Inc., highlights robust economics, large initial mineral reserves, large scale, low cost, long-life production, significant improvement in recoveries, significant earnings and free cash flow generation, and minimization of carbon footprint. The project is expected to become one of Canada's largest carbon storage facilities and be a net negative contributor of CO2 over the project life.
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The Watchlist by The Market Herald releases new interviews with Leveljump Healthcare, Kootenay Silver, Sendero Resources, Nextech3D.ai, and Canada Nickel Company.
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-8.34%
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Canada Nickel Company Inc. released the results of the Bankable Feasibility Study for its Crawford Nickel Sulphide Project. The study confirmed significantly improved economics with an after-tax NPV8% of $2.5 billion and IRR of 17.1%. Crawford is the world's second-largest nickel reserve and is expected to become one of Canada's largest carbon storage facilities.
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End-of-Day
-8.34%
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Canada Nickel to host feasibility study conference call on Thursday, October 12, 2023
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5.22%
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Canada Nickel Company has successfully completed its carbon storage pilot plant, confirming the value of its IPT Carbonation process. A consulting study suggests that the Canada Nickel Crawford project could expect over C$25 per tonne of CO2 in storage fees. The company believes that the incorporation of IPT Carbonation could make its project eligible for carbon capture and storage tax credits. The release of the Integrated Feasibility Study on October 12th is expected to support the company's belief in the project's potential. Adam Schatzker has joined as Vice-President Corporate Development to focus on carbon-related businesses.
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Rhea-AI Sentiment
End-of-Day
7.53%
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Canada Nickel Company Inc.
OTC:CNIKF
CNIKF Rankings
CNIKF Stock Data
192.16M
152.25M
14.15%
1.02%
Copper, Nickel, Lead, and Zinc Mining
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Toronto