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CANADA NICKEL CO INC - CNIKF STOCK NEWS

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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. 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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Canada Nickel Company reported promising assay results from the Texmont property, revealing high-grade near-surface nickel mineralization. Assay data from 16 drill holes indicated significant mineralization, with nine holes showing over 1% nickel content. Noteworthy findings include TEX23-26, which intersected 3 metres of 1.47% nickel, and TEX23-19 with 7 metres of 1.03% nickel within broader intersections. The mineralization spans a footprint of 1 km along strike, with depths reaching 444 metres. The exploration program has completed 39 holes totaling 9,696 metres. CEO Mark Selby expressed optimism about near-term open pit production potential and plans for further drilling. The company also issued 43,924 shares to satisfy advisory service fees and announced the acquisition of mining claims with additional share issuances.

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Canada Nickel Company announced positive preliminary drill results from its first four holes at the Midlothian Property, located 70 km south-southeast of Timmins, Ontario. The drilling program, totaling 1,548 meters, intersected significant mineralized dunite over a 2-kilometer strike length. Notably, the preliminary mineralogy samples revealed high concentrations of awaruite (nickel-iron alloy) and brucite, which is crucial for carbon sequestration. The findings indicate that the brucite content exceeds three times that found at the flagship Crawford Project. This discovery adds to Canada Nickel's exploration success in the Timmins Nickel District. The company aims to develop processes for producing net-zero carbon nickel and is evaluating additional drilling programs across its regional portfolio.

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On April 5, 2023, Canada Nickel Company announced the appointment of Cutfield Freeman & Co. as project debt advisors to assist with financing for the Crawford Nickel Sulphide project. The company also revealed a change in its Board of Directors, with David Smith assuming the role of Chairman, effective April 7, 2023. This restructuring aims to enhance corporate governance practices. Smith, who recently retired as EVP Finance and CFO at Agnico Eagle Mines, brings extensive industry experience. This move aligns with Canada Nickel's strategy to advance its flagship project, hinting at a push towards becoming a significant player in the nickel market.

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Canada Nickel Company is advancing its Crawford Nickel Project with the commencement of the Impact Statement Phase under the Impact Assessment Act. This phase focuses on identifying and mitigating potential impacts of the project. CEO Mark Selby expressed gratitude to partners and Indigenous communities for their support throughout this process. The Crawford Nickel Project aims to support the growing demand in the electric vehicle market and aims for net zero carbon nickel production. Canada Nickel is positioned in the Timmins-Cochrane mining camp, emphasizing low political risk for investors.

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Canada Nickel Company has announced impressive results from its first metallurgical test on samples from the Reid property, achieving a nickel recovery rate of 63% and producing the highest grade nickel sulphide concentrate (60% grade) from over 120 previous tests. Utilizing the processing flowsheet from its Crawford project, the Reid tests indicate the potential for significant synergies in the Timmins Nickel District. Furthermore, Canada Nickel has finalized the acquisition of the Texmont property for $4 million, which could lead to smaller scale production. Overall, these developments signal robust prospects for future growth.

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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

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120.90M
81.23M
14.81%
0.6%
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