MiningNewsBreaks – Why Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Is ‘One to Watch’
Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) is focused on advancing the next generation of nickel-sulfide projects to deliver metals needed to power the electric vehicle (“EV”) revolution and feed the high-growth stainless steel market. The company is one of only a few new sources of potential supply outside Indonesia and China. “Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulfide Project with large-scale potential located in the heart of Ontario’s prolific Timmins-Cochrane mining camp, adjacent to major infrastructure… The Crawford Nickel-Cobalt Sulfide Project is the largest sulfide discovery since the early 1970s and contains the fifth-largest nickel sulfide resource in the world, based on measured and indicated resources… The Crawford project is expected to be one of the largest base metal mines in Canada according to results of a preliminary economic assessment. Early projections by Canada Nickel estimate that the project has the potential to produce 50,000 tons of nickel per year,” a recent article reads. The company’s other projects include the Reid Nickel Property, located just 16 kilometers southwest of Crawford or 37 kilometers northwest of Timmins, and the Sothman Nickel Property, located 70 kilometers south of Timmins. “The company in December 2022 announced positive drilling results from its ongoing regional exploration campaign at its Reid and Sothman properties… The latest results continue to reinforce the success of Canada Nickel’s geophysical targeting approach and increase the probability of success at the company’s other 20-plus properties within its 42 square kilometers of geophysical targets. Building on this momentum, Canada Nickel in December 2022 announced its entry into a deal to acquire a 100% interest in the past producing Texmont property situated between the company’s properties south of Timmins.”
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About Canada Nickel Company Inc.
Canada Nickel is advancing the next generation of nickel-sulfide projects to deliver metals required to feed the high-growth electric vehicle and stainless steel markets. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM) and is pursuing the development of processes to allow the production of net-zero products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulfide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.CanadaNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF
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