Important milestone in securing project financing for the Crawford Nickel Sulphide Project Canada Nickel Company Inc. today announced receipt of a Letter of Interest from Export Development Canada , signed on August 30, 2024, stating its interest in providing long term debt financing of up to US$500 million of project debt, as Mandated Lead Arranger, for development of the Crawford Nickel Sulphide Project in Timmins [...]
Canada Nickel Company Inc. today announced that the Company has filed on SEDAR+ an independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects supporting the initial mineral resource estimate for its 100% owned Deloro Nickel Sulphide Project near Timmins, Ontario. There are no material differences in the Report from those results disclosed in the [...]
Highlights Best Reid interval to date - 661 metres of 0.29% nickel including 100 metres of 0.42% nickel and 40 metres of 0.51% nickel in REI-24-35 All 8 holes targeting Reid Central Core intersected core lengths greater than 620 metres with average grades of 0.21% to 0.29% nickel Canada Nickel Company Inc. is pleased to announce positive assay results from its ongoing 2024 exploration program at its Reid property, located [...]
Highlights Successful infill drilling campaign targeted PGM Zones at Crawford with 45 holes intersecting drill intervals of > 1g/t palladium + platinum Results include: 2.19 g/t palladium + platinum over core length of 76.5 metres in Crawford Main Zone including 3.90 g/t over core length of 13.5 metres 1.15 g/t palladium + platinum over 38.5 metres in Crawford East Zone including 2.94 g/t over core length of 4.5 metres [...]
Highlights Testwork demonstrates opportunity for improvements in recovery from the Crawford East Zone Locked cycle test delivered a 60% nickel sulphide concentrate - believed to be world's highest nickel grade sulphide concentrate produced - and a total nickel recovery of 47% exceeding the feasibility study model by 9% Ten new open circuit variability tests demonstrated nickel recoveries averaging 28% higher than the [...]
Highlights: First of seven new nickel resources expected to be published by end of the first quarter of 2025 demonstrating the potential scale of the Timmins Nickel District Initial Deloro indicated Resource of 81 million tonnes grading 0.25% nickel containing 202kt of nickel plus a further Inferred Resource of 357 million tonnes grading 0.25% nickel containing 885kt of nickel Seven exploration rigs currently drilling [...]
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 [...]
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