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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Metals & Mining Industrial Metals & Minerals
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

Canada Nickel Company Inc > Mitsubishi and GIGA strategic investment
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Post by Rm90090on Aug 15, 2022 9:13am
205 Views
Post# 34896140

Mitsubishi and GIGA strategic investment

Mitsubishi and GIGA strategic investment

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2185-tsx-venture/giga/126339-giga-metals-and-mitsubishi-corporation-agree-to-establish-joint-venture-to-develop-turnagain-nickel-project.html
 

Mitsubishi gets 15% of the newly formed company for $8M. This announcement shows me two things.
 

1) The massive companies ARE interested in these low grade bulk sulphide deposits. They have officially invested capital in one.

2) The $50M that Mark attained without giving up equity was a great deal. To give up 15% of the company for only $8M seems dilutive.

Overall, this helps establish demand for CNC in my eyes.

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