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A Leader of Next Generation Nickel Supply

Jocelyn Aspa Jocelyn Aspa, The Market Herald
1 Comment| December 20, 2021

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Nickel is one of the most in-demand commodities today — especially for projects located outside of markets like Indonesia and China — and Canada Nickel Company Inc. (TSXV: CNC,OTCQB: CNIKF,Forum) is in a strong position to become not only a domestic leader of nickel supply but also an important source globally.

Headquartered in Toronto, Ontario, Canada Nickel Company recently consolidated a massive land package in the Timmins nickel district, which puts the company in a sound position to become a world leader in next generation nickel supply in one of the best mining jurisdictions in the world.

Canada Nickel Company positioned for success

In a presentation, Mark Selby, CEO of Canada Nickel, said that its position in the Timmins region — which is large, scalable, and has the potential to achieve net zero carbon operations— sits close to infrastructure that is found in the Timmins area.

“Canada Nickelis aggressively advancing the project … because we believe nickel is going to go through a supercycle, which it goes through every 15 to 20 years, he said. “We believe that the strong demand from electric vehicles on top of continued strong demand from the stainless steel market, that we’ll be entering another one of these supercycles by the middle part of this decade.”

Mr. Selby explained that nickel has outperformed analyst predictions on the commodity, highlighting that the market is on track for one of the largest deficits in the history of the metal while nickel demand is climbing over 15 percent year-over-year. This is three to five times higher than other base metals, with nickel demand expected to double by 2030.

According to Selby, he believes Canada Nickel will be a leader in the next generation of nickel supply.
He believes there is an opportunity to have a large-scale, low grade, open-pit nickel sulphide project with the potential for low airborne and net zero carbon footprint through Canada Nickel’s Crawford Nickel Sulphide Project.

Selby said the company began drilling on hole 5 at the Crawford project two years ago and, today, is at hole 180.

“It is the largest nickel sulphide discovery since the early 1970s and one of the largest nickel sulphide discoveries ever,” he emphasized.

Selby explained that with the addition of the company’s expansion of the Timmins district, he believes that Canada Nickel Company has “unlocked a massive nickel district.”

What’s next for Canada Nickel Company

While the company completed a PEA in May that confirmed robust economics with a feasibility study for completion sometime in late 2022.

The Crawford PEA highlighted robust economics of US$1.2 billion NPV8% and 16 percent IRR. With peak production of 42,000 tonnes per year of nickel, Crawford would be one of five largest nickel sulphide operations when in production. Crawford’s 25 year mine life would generate 842kt of nickel, 21 Mt of iron, and 1.5 Mt of chrome.

“We could not ask for a better location for a mining project,” he said, adding that the Timmins region has seen the permitting and construction of many of the largest base metal and gold mines currently operating in Canada.

Putting that into perspective, Selby said that if the project was fully ramped up today and based on PEA results, it would be the fifth-largest sulphide operation at a global scale, behind Norilsk’s Polar Mines in Russia, Jinchuan in China, BHP’s Nickel West in Australia, and Vale’s nickel operations in Sudbury in Canada.

In terms of base metals, Selby said the Crawford project would be one of the largest base metal mines in Canada.

The investment angle

With its massive potential to be a leader in next generation nickel supply, Canada Nickel is gearing up to take the world by storm with its aggressive exploration and development programs, along with focus on NetZero carbon operations.

Now that Canada Nickel has significantly expanded its presence in the Timmins region, the Company is poised for big things in 2022 – and beyond.

In summary, Canada Nickel Company is an opportunity that investors won’t want to miss.

For more information, please visit canadanickel.com.

FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.


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