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Canada Nickel Co Inc (CNIKF) is a leading nickel-sulphide project developer focused on delivering nickel to serve the growing electric vehicle and stainless steel markets. With projects like the Crawford Nickel Sulphide Project, Canada Nickel is advancing the next generation of nickel production, aiming to produce net zero carbon nickel, cobalt, and iron products. The company's exploration programs have yielded promising results across various properties, showcasing its commitment to sustainability and innovation in the mining industry.
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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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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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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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Canada Nickel to host feasibility study conference call on Thursday, October 12, 2023
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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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Canada Nickel closes $12 million loan facility with Auramet International, Inc.
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Canada Nickel Company Inc. has published its inaugural Environmental, Social, and Governance Report (ESG Report) for 2022. The report outlines the company's contributions to the United Nations Sustainable Development Goals and the 10 Principles of the United Nations Global Compact. Canada Nickel is committed to transparency, accountability, and sustainability in its operations and decision-making processes.
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Canada Nickel Company Inc. provides an update on its activities, including new management appointments and a $12 million loan facility with Auramet International, Inc. The company is making key management appointments in preparation for a construction decision by mid-2025. Discussions with potential offtake partners are ongoing.
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Canada Nickel Company Inc. releases drilling results from Mann Northwest Property in Timmins Nickel District. Significant mineralization intersected in multiple holes. Mann Northwest target footprint is triple the size of Crawford project footprint. Grades confirm expectations.
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FAQ
What is the current stock price of CANADA NICKEL CO (CNIKF)?
The current stock price of CANADA NICKEL CO (CNIKF) is $0.6629 as of December 20, 2024.
What is the market cap of CANADA NICKEL CO (CNIKF)?
The market cap of CANADA NICKEL CO (CNIKF) is approximately 120.9M.
What is Canada Nickel Co Inc focused on?
Canada Nickel Co Inc is focused on delivering nickel for electric vehicle and stainless steel markets through its nickel-sulphide projects.
What are some of Canada Nickel's key projects?
Canada Nickel's projects include the Crawford Nickel Sulphide Project and other properties aimed at producing net zero carbon nickel, cobalt, and iron products.
What sets Canada Nickel apart in the mining industry?
Canada Nickel stands out for its sustainable mining practices, innovative exploration programs, and commitment to environmental responsibility.
How does Canada Nickel contribute to the EV revolution?
Canada Nickel's projects play a crucial role in providing a sustainable supply of nickel for electric vehicles, supporting the transition to cleaner energy solutions.
Where can I find more information about Canada Nickel Co Inc?
For more information about Canada Nickel Co Inc and its projects, visit their official website at www.canadanickel.com.
CANADA NICKEL CO INC
OTC:CNIKF
CNIKF Rankings
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120.90M
81.23M
14.81%
0.6%
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United States of America
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