Canada Nickel Company
Primary ticker: TSXV:CNC
Stage of development: Development
Primary minerals: Nickel, Cobalt, Iron
Project to promote: Crawford Nickel Sulphide Project
Project location: Canada
Website: www.canadanickel.com
Canada Nickel is advancing its 100% owned Crawford Nickel Sulphide Project (“Crawford”) and progressing towards a construction decision by end of 2025. The Company has also invested $35 million in 2024 to unlock the Timmins Nickel District and demonstrate its potential to be one of the world’s largest nickel sulphide districts.
Crawford is located in the heart of the prolific Timmins, Ontario mining camp and is the second largest nickel reserve and resource globally. The Company also has a strong shareholder base with Agnico Eagle (11%), Samsung SDI (8.7%), joining Anglo American (7.6%) as cornerstone investors in 2024.
Cash: CAD$36M (as of April 30, 2024)
Debt: CAD$0 (as of April 30, 2024)
Major shareholders:
Agnico Eagle – 11%
Samsung SDI – 8.7%
Anglo American 7.6%
Management ownership – 4.6%
Financials
Management Profile
Mark Selby – Chair & CEO
Mr. Selby is a founder of Canada Nickel Company and was formerly President & CEO of RNC Minerals (Royal Nickel Corporation) where he led a team that successfully raised over $100 million and advanced the Dumont nickel-cobalt project from initial resource to a fully permitted, construction-ready project. He has held several senior management roles with Quadra Mining, Inco, and Purolator Courier, and was a partner at Mercer Management Consulting.
Since 2001, Mr. Selby has been recognized as one of the leading authorities on the nickel market. He graduated from Queen’s University with a Bachelor of Commerce (Honours) and has also served on the boards of multiple junior mining companies.
What is your rationale for taking part 121 Mining Investment?
We are looking for Strategic partnerships, Offtake, P/E and 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?
Canada Nickel Announces Formation and Partial Sale of RoyaltyCo Subsidiary
March 18, 2025
Canada Nickel Announces Further Successful Exploration Results from the “Three Giants” including Highest Grade to Date at Mann West
March 12, 2025
Canada Nickel Successfully Completes Front End Engineering Design for the Crawford Project and Provides Corporate Update
March 3, 2025
Canada Nickel Secures $3.4 Million Federal Contribution to Advance Groundbreaking Carbon Storage Technology
February 12, 2025
What are your key goals for the next 3, 6 and 12 months?
3 Months:
– 6 Additional Resources Published for Total of 9 Timmins Nickel District
Project Resources
– Updated Crawford PGM Resource
and Front-End Engineering & Design
6 Months:
– Continued Systematic District
Exploration & Resource Definition
(Offtake, Equity, Debt)
– First Nations Definitive Agreements
12 Months:
– Crawford Funding Package
(Offtake, Equity, Debt)
– NetZero Metals Feasibility Study
– Continued Systematic District
Exploration & Resource Definition
– Receipt of Permits for Crawford end of 2025
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-sulphide 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.
What are the top 3 key investor takeaways?
– Well-positioned to deliver Next Generation of Nickel – large, scalable, nickel supply with zero carbon potential to both stainless & EV markets
— Well-established mining friendly jurisdiction with significant infrastructure in place
— Crawford is the world’s second largest nickel resource and reserve – Canada Nickel also consolidated Timmins Nickel District – potential for multiple Crawfords
— Tailings and waste rock from ultramafic nickel deposits can capture and store CO2 – included in the Crawford feasibility study the ability to store 1.5 million tonnes per annum of CO2 and would be a net negative contributor to the global carbon footprint