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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Post by EndZonefor7on Jan 04, 2023 11:01am
370 Views
Post# 35202690

Crux Interview

Crux InterviewKey part at 9 minute mark where Mark discusses his talks with most of the big EV/carmakers and their admittance they need to invest in the mining companies to have the nickel they need for the second half of the decade. 

Deals are on the table with the car companies for offtake agreements for next 10 to 15 years.

Also been approached by several Japanese trading houses and other companies for 10 to 20% of the project. Should be minimal to no equity dilution.

Creating a debt advisory group this month with possibly Rothschild or others to help with the project debt financing.

Every investment by EV or battery company in Ontario has had 10% capital from each of provincial and federal government on top of tax credits for carbon capture. Confident they will get similar.

Financing sources are lined up for Texmont and had been trying to aquire it 18 months ago but it was caught up in some legal limbo I believe he meant. Cash flow productive by 2025. 

Auramet can be extended and have flexibility but also in talks with strategics that could be completed in next two months. 

Off-take partners in place by 3rd quarter then go to govenment for cash.

All debt financing in place by second half of 2024.

Bottom line is this is a marathon, not a 100 yard dash. 


https://www.youtube.com/watch?v=C2DjkSBPN6Q
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