Canada Nickel Company

Website: www.canadanickel.com
Primary ticker: TSXV:CNC
Stage of development: Exploration
Commodity: Nickel
Project to promote: Crawford Nickel-Cobalt Sulphide Project (“Crawford”)
Project location: Canada
Company presentation: Click here

Live financials


Cash:
CAD$6.8M (27 Feb 2020)
Debt: Nil

Major shareholders:
Spruce Ridge Resources – 9%
Management & Board – 6%
Noble Mineral Exploration – 4%

Canada Nickel is advancing the next generation of high quality, high potential nickel-cobalt projects 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.

Management Profile

Mark Selby, Chairman, CEO & Director

Mr. Selby was formally 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 a number of 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 and is currently a Director and Chair of Orford Minerals.


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

121 Mining allows us to introduce our newly listed company to investors in the APAC region.


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

On February 28, 2020, Canada Nickel Company announced Maiden resource with higher grade core of measured and indicated resource of approximately 263 million tonnes at 0.31% nickel, 0.013% cobalt, and 0.038 g/t Pd + Pt within an overall measured and indicated resource of approximately 600 million tonnes at 0.25% nickel, and 0.013% cobalt, and an additional higher grade inferred resource of approximately 66 million tonnes at 0.29% nickel and 0.013% cobalt within an overall inferred resource of approximately 310 million tonnes at 0.23% nickel and 0.013% cobalt.

On March 12, 2020, Canada Nickel Company announced the positive initial result from a mineralogical assessment of sample material from its Crawford Nickel-Cobalt Project.
In their release, Canada Nickel Company Highlighted that 89% of the nickel in the Higher Grade Core of the resource is contained in nickel sulphide and nickel-iron alloy minerals.

CNC also highlighted that 59% of the nickel in the Lower Grade Zones is contained in nickel sulphide and nickel-iron alloy minerals, and that both the higher and lower grade areas contain significant quantities of magnetite. In the Higher Grade Core, the magnetite content averaged 8.7% and in the Lower Grade Zones averaged 6.9%.


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

6 Months:

Complete PEA on Crawford


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 & 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.

Analyst Insight – provided by Independent Investment Research

Canada Nickel Company is a soon-to-be public company focused on acquiring, exploring and advancing nickel-cobalt sulphide assets. The company is a spin-out from Noble Mineral Exploration (TSX-V NOB) and owns a consolidated 100% interest in the Crawford nickel-cobalt sulphide project.

The company is focused on delivering new nickel-cobalt projects for the medium & 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, the company will leverage the learning that its team developed by advancing Dumont for RNC Minerals, to ensure that it is able to as cost-effectively and efficiently advance Crawford. Its flagship Crawford nickel-cobalt sulphide project in the established Timmins mining camp, is one of few new nickel discoveries during the past decade.

Recent drilling has been focused on the Crawford Ultramafic Complex, a 3.5km long body of peridotite, dunite and their serpentinized equivalents. The target, entirely under cover, was defined by a helicopter-borne magnetic and electromagnetic survey and an airborne gravity survey, both conducted over of the entire project area of 100 sq km. An Artificial Intelligence review of data, provided by Albert Mining (TSX-V AIIM), also identified the area as being prospective for nickel. All four discovery holes totalling 1,818 metres intersected multi-hundred metre intervals of serpentinized dunite with persistent nickel values with two of the four holes ending in mineralization.

Canada Nickel is led by Mark Selby. He was most recently President & CEO of RNC Minerals, where he led the development of the Dumont nickel-cobalt project through to a fully permitted, construction-ready project. Before RNC Minerals, he held senior management roles at Quadra and Inco and he is recognized as a leading authority on the nickel market.

Canada Nickel will provide the market with a much needed new nickel investment vehicle, in a market where there is a dearth of nickel development stories.