Canada Nickel Company Inc. (TSX-V: CNC, OTCQB: CNIKF, Forum) on Monday announced that it had entered into a non-binding Memorandum of Understanding with Glencore Canada Corporation in order to examine the potential use of Glencore's Kidd concentrator and metallurgical site in Timmins, Ontario for the treatment and processing of material mined from Canada Nickel's 100% owned Crawford Nickel-Cobalt Sulphide project. Crawford is located 40 km north of Glencore's operations.
Chair and CEO of Canada Nickel, Mark Selby stated that the opportunity to utilize the excess capacity and existing infrastructure at the Kidd Met Site provides the potential to allow a faster, simpler, smaller scale start-up of Crawford at a vastly lower capital cost while the Company continues to permit and develop the much larger scale project currently being contemplated.
“Given the potential for this significant change in the scope of the project start-up, the release of the Preliminary Economic Assessment (PEA) will be delayed until the end of March 2021 to allow this option, if successful, to be incorporated.”
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This comes as the Canadian nickel-cobalt sulphide miner recently made news with the release of robust results from metallurgical testing on its 100% owned
Crawford Nickel-Cobalt Sulphide project, boasting nickel recovery of 46% and 51% from two locked cycle tests.
FULL DISCLOSURE: Canada Nickel Company Inc. is a client of Stockhouse Publishing.