Highlights First five holes drilled by Canada Nickel into the "B" Zone intersected multi-hundred metre intervals of 0.27-0.29% nickel and contained higher grade intervals of 0.3% nickel or better Higher grade intervals included 16.5 metres of 0.54% nickel within a larger interval of 54 metres of 0.38% nickel in BAN23-04 Upcoming summer 2024 drill program will complete the Canada Nickel drill program in preparation for an [...]
Highlights Processing facilities expected to be the largest nickel processing facility in North America and largest stainless-steel and alloy production facility in Canada, filling a key gap in the North American electric vehicle supply chain - utilizing proven, low environmental footprint technology. Both processing facilities to be designed to be net zero-carbon - utilizing Canada Nickel Company's carbon storage [...]
Canada Nickel Company Inc. has completed its previously announced equity investment by Samsung SDI Co., Ltd. for aggregate gross proceeds of US$18.5 million . Samsung SDI has subscribed for 15.6 million common shares of the Company at C$1.57 per share. Samsung SDI now holds 8.7% of the issued and outstanding common shares of the Company. About Samsung SDI Samsung SDI is a manufacturer of rechargeable batteries for the IT [...]
Canada Nickel Company Inc. has extended the repayment date of the US$12 million loan facility announced September 18, 2023, with Auramet International, Inc. from January 18, 2024, to February 16, 2024. The loan will carry an interest rate of 1.25% per month for the extension period. Canada Nickel has also entered into seven purchase and sale agreements with arm's length vendors pursuant to which the Company has agreed to [...]
VANCOUVER, BC, Jan. 12, 2024 /CNW/ - Trading resumes in: Company: Canada Nickel Company Inc. TSX-Venture Symbol: CNC All Issues: Yes Resumption : 9:30 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and [...]
Highlights Samsung SDI to invest US$18.5 million and acquire approximately 15.6 million shares of Canada Nickel, becomes an 8.7% shareholder Samsung SDI granted the right to purchase a 10% equity interest in the Crawford project for US$100.5 million upon a final construction decision Samsung SDI will be granted certain offtake rights to the Crawford project's nickel-cobalt products subject to the completion of the 10 [...]
VANCOUVER, BC, Jan. 11, 2024 /CNW/ - The following issues have been halted by CIRO Company: Canada Nickel Company Inc. TSX-Venture Symbol: CNC All Issues: Yes Reason: Pending News Halt Time : 3:14 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory [...]
Highlights Canada Nickel to receive flow through funding of $34.7 million Agnico Eagle to become a 12% shareholder Canada Nickel Company Inc. has completed a brokered private placement consisting of 19,600,000 units of the Company at a price of C$1.77 per Flow-Through Unit, with each unit consisting of one flow-through common share of the Company and 0.35 of one flow-through common share purchase Warrant , as more [...]
Stock Symbol: AEM Agnico Eagle Mines Ltd. announced today that it acquired 19,600,000 units of Canada Nickel Company Inc. at a price of $1.18 per Unit for total consideration of approximately $23,128,000 from several sellers that acquired the Units in connection with an offering of flow-through Units by Canada Nickel . Each Unit was comprised of one common share of Canada Nickel and 0.35 of one common share purchase [...]
Canada Nickel Company Inc. today announced that it has extended the repayment date of the US$12 million loan facility announced September 18, 2023 with Auramet International, Inc. to January 18, 2024 by agreeing to issue 350,000 one year common share purchase warrants with a strike price of $1.19 per share and pay an extension fee of 1.5% of the repayment amount of US$185,519. The loan will carry an interest rate of 1.25 [...]
Canada Nickel Company Inc. , has filed a Bankable Feasibility Study for its wholly-owned Crawford Nickel Sulphide Project located in Timmins, Ontario, Canada. The BFS is available on www.sedarplus.ca and on www.canadanickel.com. The BFS, titled, "Crawford Nickel Sulphide Project NI 43-101 Technical Report and Feasibility Study" was independently prepared by Ausenco Engineering Canada Inc. , in accordance with National [...]
Highlights $2.5 billion after-tax NPV8% and IRR of 17.1%; increasing to $2.6 billion after-tax NPV8% and IRR of 18.3% with projected Carbon Capture & Storage tax credits Crawford is world's 2nd largest nickel reserve and 2nd largest resource1. Initial mineral reserve of 1.7 billion tonnes of ore grading 0.22% nickel Production of 1.6 million tonnes nickel, 24 kt cobalt, 490 koz palladium & platinum, 58 million tonnes iron [...]
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