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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 idlefreebirdon Sep 13, 2023 8:58am
123 Views
Post# 35633375

From Taykwatagamou website

From Taykwatagamou website

Canada Nickel Company

 

Overview

In 2020, TTN arranged access to capital so that it can own and develop the electrical transmission assets that will be necessary to supply the Canada Nickel Company owned Crawford Nickel-Cobalt Sulphide Discovery with cost-effective and reliable power. Subject to entering definitive agreements, Canada

Nickel would rent these assets from TTN at a fair market rate over the life of the mine or 20 years (whichever comes first) and TTN would be granted an option to acquire a direct minority interest in Canada Nickel at fair commercial terms. Additionally, TTN signed an MOU with Canada Nickel Company

which provides favourable financing terms to participate in the financing of all or a portion of the electric-powered heavy mining equipment fleet required for Crawford’s operation.

 

Outputs

According to last year’s Preliminary Economic Assessment, the Crawford Nickel Sulphide Project (located in Timmins, Ontario) is estimated to provide the following outputs: 

  • $1.2 billion after-tax NPV 8%  and 16% after-tax IRR 

  • First quartile net C1 cash cost of $1.09/lb and net AISC of $1.94/lb of nickel

  • Production of 1.9 billion pounds of nickel over 25 years

  • Annual EBITDA of $439 million and annual free cash flow of $274 million
    https://www.taykwatagamou.com/economic-development
     

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