Cash: 6.8M (27 Feb 2020)
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.
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 May 19th , Canada Nickel announced the results from the latest drill holes at its Crawford Nickel-Cobalt project, including the first two discovery holes on the East Zone, and partial assays from a third hole which is a 1.5 km extension to the PGM Zone on the Main Zone. The new East Zone discovery has only been tested for 1.7 km of its overall 2.6 km interpreted strike length and the original Main Zone remains open to the west and at depth.
What are your key goals for the next 3, 6 and 12 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
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.