With Scotiabank (MC CDN $78 Billion) and Deutshse Bank (MC CDN $30 Billion) onside - the chances of a hostile takeover have diminished considerably:
“Deutsche Bank and Scotiabank will assist the company with the evaluation of strategic and financial alternatives for the equity portion of the project financing.”
Aggressive moves by LG Energy Solution, GM, Volkswagen, and Tesla etc. dictate that they will need multi-billions of pounds of clean nickel over the next decade:
“The Company has been engaged in discussions with a number of strategic and industry participants over the past 18 months.”
After the feasibility study is released in a few weeks - the deal tension will increase immediately, and you can set the clock on the inevitable bidding war:
“The financial advisors will also assist the Company in providing defense advisory and planning. In addition, the Company is engaged in discussions with multiple groups and expects to appoint an advisor for the debt portionof the project financing in early 2023.”
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2768-tsx-venture/cnc/132982-canada-nickel-appoints-financial-advisors-reaches-next-permitting-milestone.html
Philippe Champagne Last Week:
"The level of investment you're going to see is going to be unprecedented in the country," Industry Minister Francois-Philippe Champagne told reporters on Wednesday when asked whether the new rules would inhibit investment.
Referring specifically to critical minerals, Champagne said allies "understand we take national security, economic security very seriously, and we're going to protect our critical minerals because, as you know, these critical minerals will power the economy of the 21st century."
https://ca.finance.yahoo.com/news/canadas-foreign-investment-scrutiny-risk-182607284.html