Canada Nickel Company


Primary ticker: TSXV:CNC
Stage of development: Exploration
Primary minerals: Nickel, Cobalt, Iron
Project to promote: Crawford Nickel-Cobalt Sulphide Project
Project location: Canada

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. The Company is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp.

Cash: CAD$22M (as of 28 Sept 2022)
Debt: CAD$13.7M

Major shareholders:
Spruce Ridge Resources – 9.53%
Management & Board – 5%
Noble Mineral Exploration – 3%
Management Ownership – 5%

Management Profile

Chris Chang – VP, Corporate Development
Chris Chang joined Canada Nickel in March 2022 after a 17-year career in Capital Markets. Mr. Chang has held senior positions as a Mining Specialist Institutional Equities sales person at Macquarie Capital Markets and Raymond James. Prior to joining the sales desk, Mr. Chang was an Equities Research Analyst covering Base Metals and Uranium at Laurentian Bank Securities. He has helped junior and mid-tier resource companies raise over $1 billion dollars over his career. Mr. Chang graduated with a Bachelors of Business Administration (Honours) from the Schulich School of Business (York University) and currently acts as an advisor for multiple junior Canadian listed mining companies.

What is your rationale for taking part in 121 Mining Investment?

We are looking for cornerstone institutional investors who are interested in nickel, and its role in the clean energy revolution.

What recent news would you like to highlight to investors attending?

23 Aug 2022 – Canada Nickel files Technical Report on the Crawford Nickel Sulphide Project
17 Aug 2022 – Canada Nickel Company Announces Assay Results and Confirms Discovery at Deloro Property
8 Aug 2022 – Canada Nickel Company Initiates Federal Permitting Process
for Crawford Nickel Project
20 Jul 2022 – Canada Nickel Identifies New Method for Accelerated CO2 Capture
6 Jul 2022 – Updated Mineral Resource Estimate Doubles Measured & Indicated Resources at Canada Nickel’s Crawford Nickel Sulphide Project.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Following the positive outcome of the PEA, the Company is advancing the Crawford Project through additional studies including exploration programs aimed at in-fill drilling to upgrade current resources to the measured category; additional metallurgical studies and a feasibility study.
Permitting commencement.

6 Months:
Continue working towards Feasibility Study on the Crawford Nickel-Cobalt Sulphide project.

12 Months:
First Nations Definitive Agreements
Systematic District Exploration

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Nickel market is highly volatile and may see some short-term downward pressure in the near-term. We are focused on delivering new nickel-cobalt projects for the medium and long-term where there is consensus that there are very few new nickel project outside Indonesia to meet the needs of the EV industry next decade.

From a project perspective, we will leverage the learning that our team developed by advancing Dumont for RNC Minerals, to ensure that we are able to as cost-effectively and efficiently advance Crawford.

What do you think makes your company such a compelling investment?

We have a unique combination of the right commodity (nickel), a great project (new nickel-cobalt sulphide discovery with large scale potential), adjacent to infrastructure in an established mining camp (Timmins, Ontario, Canada), led by an experienced team (team which successfully advanced the Dumont nickel-cobalt project).

The EV market requires significant quantities of nickel by next decade with little visibility on new nickel supply outside Indonesia and we believe that advancing Crawford in this market is very well-timed and will be very well-received by investors and the nickel industry.