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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

Comment by CanadianPatrioton May 15, 2023 7:35pm
75 Views
Post# 35449309

RE:Stellantis stops construction on Ont battery plant

RE:Stellantis stops construction on Ont battery plantDays ago posted another article regarding the federal government not walking the talk on EV and mining investments and actually putting up all sorts of barriers for mining development with many key stakeholders complaining about it.

Not surprised of this development.

Cobalt wrote:

WINDSOR, Ont. — One of the world's largest automakers said Monday it has stopped construction on a $5-billion electric vehicle battery plant in Windsor, Ont., saying the federal government has not delivered on what was promised.

Stellantis, which makes Chrysler, Ram and Fiat cars among others, and South Korean battery-maker LG Energy Solution announced the plant last year and said it was expected to create 2,500 jobs.

All levels of government were to provide financial support. While the amounts were not disclosed at the time, Stellantis now says the federal government has not held up its end of the bargain.

“As of today, the Canadian government has not delivered on what was agreed to therefore Stellantis and LG Energy Solution will begin implementing their contingency plans," the company said in a statement. 

"Effective immediately, all construction related to the battery module production on the Windsor site has stopped.”



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