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 is currently focused on its 100% owned flagship Crawford Nickel Sulphide Project in the heart of the prolific Timmins mining camp. Crawford is the world’s largest nickel sulphide discovery since the early 1970s, would be one of the five largest nickel sulphide operations if in production today, and is targeting completion of a bankable feasibility study by Q2 2023. Canada Nickel also announced a 9.9% strategic investment by Anglo American.

Canada Nickel’s Crawford Nickel Sulphide discovery represents the Next Generation of Nickel – large scale, lower grade, open pit nickel sulphide project with potential for zero carbon footprint – well-positioned to deliver the metals needed to power the electric vehicle revolution and feed the high growth stainless steel market. The Company possesses industry leading nickel expertise and is focused on low-risk well-established mining jurisdictions. The Company is also pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products, and has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM.

Cash: CAD$30M (as of 21st Feb 2023)
Debt: NIL

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

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 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?

Canada Nickel Demonstrates Robust Nickel Recoveries at the Reid Ultramafic Nickel Project, Announces Closing of Texmont Acquisition(15th March 2023)

Canada Nickel Confirms High Grade Near-Surface Mineralization at Texmont (6 March 2023)

Canada Nickel Announces Closing of Anglo American Investment and Bought Deal Public Offering for Total Proceeds of C$44 Million (2 March 2023)

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Completing the Feasibility Study for Q2 2023

6 Months:
Catalysts include Appointment of Debt Advisors
▪ Feasibility Study (Q2)
▪ Ofttake Agreement(s) sometime this year

12 Months:
Texmont Resource & PEA
▪ First Nations Definitive
▪ 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.