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 in 2025. The Company is also investing $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 world’s largest nickel sulphide discovery since the early 1970s, and 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 – 3.70%
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?
Oct 9, 2024 – Canada Nickel Announces $4.38 million Contribution from the Government of
Canada
Oct 2, 2024 – Canada Nickel Begins Submission of
Federal Impact Statement for Crawford Nickel Sulphide Project
Sept 12, 2024 – Canada Nickel Announces Receipt of Support Letter
for up to $500 million from Leading Financial Institution
Canada Nickel Demonstrates Potential of Timmins Nickel District with
Sept 10, 2024 – Positive Exploration Results from Seven Regional Targets
What are your key goals for the next 3, 6 and 12 months?
3 Months:
– Offtake Agreement
– Texmont Resource & PEA
– Continued Systematic District
6 Months:
▪ Offtake Agreement
▪ Crawford Funding Package
(Offtake, Equity, Debt)
▪ Targeting completion of 7 new resources by end of Q1 2025
12 Months:
▪ Crawford Funding Package (Offtake, Equity, Debt)
▪ Final permits by mid 2025
▪ Construction decision by 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 largest Nickel Sulphide discovery since early 1970s and second largest resource and reserve globally – 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