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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 Steven115ppon Sep 13, 2022 9:37pm
236 Views
Post# 34960852

Deals

Deals Large capital deals do not always materialize in a 'months' time frame particularly for multi decade mining companies. To support this statement - Mark Javis w/ Giga Metals states in one of his recent interviews that the deal with Mitsubishi -- though in my opinion was not a good deal for Giga -- took MORE THAN 3 YEARS to materialize as it can be a very slow and drawn out process. Unfortunately he couldn't get funding elsewhere (unlike CNC who raised money through institutional financing -- good deal in my opinion ) and had to take this offer to secure funding -- he states in a prior interview that an equity investment would be the last resort for financing his company. In regards to CNC, we don't need any additional financing at this time -- particularly low ball offers that would further dilute or take a large equity portion of the company for a meger amount of money. I can definitely foresee off take agreements in the near future from either automotive or battery companies - hence the quiet insider trading in my opinion. 
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