Canada Nickel Company Inc. today announced that it has closed a secured loan facility with Auramet International, Inc. of US$15 million previously announced on June 24, 2024. The loan is due January 9, 2025, carries an interest rate of 1.00% per month, and is subject to a 2.5% arrangement fee. At closing, Auramet also received 750,000 1-year warrants with a strike price of $1.42 per common share. The loan is subject to [...]
Highlights Consolidation of the Canada Nickel-Noble joint venture in Mann Township and other Canada Nickel exploration projects East of Timmins into a single private company owned 80% by Canada Nickel and 20% by Noble Mineral Exploration. Consolidation of all Crawford and adjacent township mining and surface rights facilitate and simplify acquisition of the required surface rights required to begin construction of the [...]
Canada Nickel Company Inc. today announces that the Company has arranged a US$15 million loan facility with Auramet, which is expected to close on or before July 9, 2024. Mark Selby, CEO, said, "I am pleased that our long supportive financing partner, Auramet, has agreed to provide a US$15 million bridge facility, which will allow us to remain well-funded to continue to advance our permitting, engineering, and financing [...]
Highlights 2024 drilling increases mineralized footprint by 50% to 1.2 kilometres long by up to 700 metres wide. Deloro is located just 8 kilometres south of Timmins with direct road and powerline access and shallow overburden averaging less than 9 metres thick. 11 holes successfully completed including DEL24-12 with 0.26% nickel over 431 metres and DEL24-17 with 0.27% nickel over 293 metres. Resource estimate is underway [...]
Highlights First two metallurgical tests at Mann deliver strong recovery and concentrate quality: Overall nickel recoveries of 58% and 59%. Nickel and magnetite concentrate grades in line with expectations. Canada Nickel Company Inc. is pleased to announce robust recovery and concentrate quality results from the first set of metallurgical tests on samples from the Mann Northwest property. The results were achieved using [...]
Highlights New best interval to date at Reid - 687 metres of 0.27% nickel including 36.0 metres of 0.41% nickel and 7.5 metres of 0.56% nickel in REI24-18. All four holes intersected core lengths of at least 676 metres with average grades of 0.24% to 0.27% nickel. Canada Nickel Company Inc. provided an update today on its 2024 exploration program with assay results from four new holes at its Reid property, which included [...]
Canada Nickel Company Inc. 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 [...]
Highlights Canada Nickel acquiring an 80% interest in Mann Property Includes Mann Northwest, Central and Southeast properties that cover a combined 25 km strike length of nickel-bearing ultramafic rocks Northwest and Central will advance to resource delineation programs while Southeast will be drilled for the first time, all during the 2024 exploration program Canada Nickel Company Inc. is pleased to announce that it is [...]
Highlights Key Engineering Contracts Awarded and Work is Underway Steel plant design led by SMS group Key portions of nickel plant design led by Metso Overall study compilation & supporting engineering led by Ausenco Feasibility studies for Nickel Processing Facility and Stainless Steel and Alloy Production Facility near Timmins, Ontario remain on target for year-end NetZero Metals Inc. , a wholly-owned subsidiary of [...]
Highlights Crawford on track for mid-2025 construction decision and first production by year-end 2027 Front End Engineering Design led by Ausenco Canada Nickel Company Inc. announced today that it has commenced Front End Engineering Design at the Company's Crawford Nickel Sulphide project led by its long-term engineering partner Ausenco Engineering Canada ULC and supported by a number of engineering firms from the [...]
Highlights First two holes at Newmarket successfully intersect target mineralization including 373 metres of 0.24% nickel in NEW24-01 Best interval to date at first hole at Reid - 675 metres of 0.25% nickel including 142 metres of 0.32% nickel and 24 metres of 0.40% nickel in REI24-17 First five holes at Reid each intersect over 650 metres of target mineralization within an 800-metre-thick ultramafic sequence [...]
Highlights A new discovery, Mann Central, successfully delineated across 2.5 kilometre strike length by six holes Three additional drill holes at previously announced Mann Northwest discovery, extended mineralization across a 2.7 kilometre strike length Mann Northwest and Mann Central are two of five targets each with a geophysical footprint larger than Crawford, and a combined strike length of over 25 kilometres [...]
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