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
Website: www.canadanickel.com
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 has completed a bankable feasibility study on October 12th 2023 – Crawford is world’s 2nd largest nickel reserve and 2nd largest nickel resource. Canada Nickel also announced a 9.9% strategic investment by Anglo American in February 2023.
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.
Cash:CAD $24 (as of 11 Oct 2023)
Debt: CAD $16M
Major shareholders:
Spruce Ridge Resources – 9.53%
Management & Board – 5%
Noble Mineral Exploration – 3%
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 Completes Private Placement of Flow-Through Units & Announces Agnico Eagle as an Investor – Jan 2, 2024
Canada Nickel Announces Positive Bankable Feasibility Study For its Crawford Nickel Sulphide Project – Oct 12 2023
What are your key goals for the next 3, 6 and 12 months?
3 Months:
– Offtake Agreement
– Texmont Resource & PEA
– Continued Systematic District
– Exploration & Resource Definition
6 Months:
– Continued Systematic District
– Exploration & Resource Definition
– Environmental Impact Statement
– First Nations Definitive Agreements
12 Months:
– Crawford Funding Package (Offtake, Equity, Debt)
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 largest nickel sulphide discovery since early 1970s – Canada Nickel also consolidated Timmins Nickel District
– Potential for multiple Crawfords