Plans to build mineral processing plants in Timmins by 2027 ‘a bit of a stretch,’ says expert – by Aya Dufour (CBC News Sudbury – February 9, 2024)

Canada Nickel announced plans Thursday to build ‘biggest nickel processing facility in America’

Laurentian University professor Jean-Charles Cachon isn’t convinced Canada Nickel will succeed in its plans to build two new processing facilities and begin production by 2027.

“The company has yet to produce any profits,” he said. “At this point in time it is a small company that has expenses related to exploration.” Canada Nickel is currently advancing the Crawford nickel project, a proposed open-pit nickel-cobalt mine located some 43 kilometres north of Timmins, Ont.

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Canada Nickel Co. introduces plans for new processing facilities, but funding remains uncertain – by Matthew McClearn (Globe and Mail – February 9, 2024)

Canada Nickel Company Inc. announced plans Thursday to build two large processing facilities near Timmins, Ont., whose output would be directed partly to North America’s rapidly growing market for electric vehicles.

The company said its wholly owned subsidiary, NetZero Metals Inc., intends to build a nickel-processing facility it described as North America’s largest, as well as a stainless-steel and alloy plant it said would be Canada’s biggest.

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Canada Nickel looking to build two processing facilities in Timmins – by Maija Hoggett (Northern Ontario Business – February 8, 2024)

Toronto mine developer looks to break ground on zero-emission project in mid-2025

A Toronto nickel company is seeking to position Timmins as a global source of clean critical minerals. Timmins MPP George Pirie, the provincial minister of mines, was in town Feb. 8 for Canada Nickel’s announcement that it’s developing two processing facilities — one for nickel and another for stainless-steel and alloy production.

The facilities would be the downstream processing element for its proposed Crawford open-pit nickel mine.When complete, Canada Nickel CEO Mark Selby said the nickel processing facility will be the largest in North America, while the stainless-steel and alloy production will be the largest in Canada.

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Canadian miner plans US$1 billion nickel processing plant for EVs – by Jacob Lorinc (Bloomberg News – February 8, 2024)

Mining firm Canada Nickel Co Inc. plans to develop a nickel processing plant in Ontario that would cost US$1 billion and be North America’s largest once completed.

The plant would have capacity to produce more than 80,000 tons of nickel annually, and should begin operations by the start of 2027, the Toronto-based miner said in a Thursday press release. The company also plans to build a stainless steel and alloy production plant to process nickel and chromium concentrate, which would cost an additional $2 billion, according to Chief Executive Officer Mark Selby.

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Canada Nickel secures strategic investment from Korea’s Samsung SDI – by Niall McGee (Globe and Mail – January 12, 2024)

Canada Nickel Company Inc. (CNC-X) chief executive Mark Selby sees the potential for a major mining company to buy the firm after it attracted yet another strategic investment from a global power player.

Toronto-based Canada Nickel on Friday announced an US$18.8-million equity financing from Korean electric car battery maker Samsung SDI Co., Ltd. The funds will be used to develop an Ontario electric vehicle battery minerals mine that Canada Nickel hopes to have in production before the end of the decade.

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Agnico Eagle invests $23M for 12% of Canada Nickel – by Marilyn Scales (Canadian Mining Journal – January 2, 2024)

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) made a $23.1-million investment in the recent flow-through offering from Canada Nickel Company (TSXV: CNC; OTCQX: CNIKF). Agnico acquired 19.6 million units at a price of $1.18 per unit for a total consideration of slightly more than $23.1 million. This gives Agnico a non-diluted equity interest in Canada Nickel of 12% or 15.6% on a partially diluted basis.

Canada Nickel raised a total of $34.7 million. Each unit consists of one flow-through share and 0.35 of one flow-through share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $1.77 any time prior to Dec. 29, 2026, or the expiry date.

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Northeastern Ontario nickel miners not threatened by flood of the metal from Indonesia – by Kate Rutherford (CBC News Sudbury – January 03, 2024)

Environmentally sound production increasingly important factor in sourcing the critical mineral

Low nickel prices partly attributed to a flood of the metal coming onto the market from Indonesia aren’t deterring nickel miners in northeastern Ontario from moving forward in the coming year.

The price of nickel per pound was hovering around $7.42 US on January 1, 2024 compared to just under $14 a year prior. Paul Fowler is vice president of Magna Mining which owns the Shakespeare mine near Espanola and the Crean Hill mine near Whitefish.

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Gold smuggling the subject of a new book from Timmins, Ont. author Kevin Vincent (CBC News Sudbury – November 5, 2023)

‘City of Thieves’ contains 10 stories about gold smuggling in northern Ontario and Quebec

In the late 1940s a mine mill worker named Eddie Clement figured out a way to steal gold from the Delnite Mine in Timmins, Ont. The next decade he orchestrated three major gold heists, and was never caught.

Clement’s early years as a gold thief are the subject of a short story in a new book called City of Thieves, from Timmins author Kevin Vincent.

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Canada Nickel aims to build world’s second largest nickel mine in Timmins – by Ian Ross (Northern Ontario Business – October 12, 2023)

Feasibility study for Crawford Project shows 41-year mine life, with more projects likely to come

If Canada Nickel Company’s Crawford Mine Project becomes a reality by 2027, Timmins will have the second largest nickel mine in the world.

CEO Mark Selby took the wraps off the company’s long-awaited feasibility study, describing the details behind proposed a 41-year open-pit mine life for its Crawford Project, located 40 kilometres north of a northeastern Ontario city that’s more widely known as one of the best gold mining districts on the globe.

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Province urged to shift focus on future mining away from Ring of Fire – by Ron Grech (Timmins Press – September 25, 2023)

Equally promising opportunities cited with existing mining projects near Timmins and Sudbury

The Ontario government is being called upon by an Indigenous-led conservation effort to support existing mining projects rather than opening new ground within the Ring of Fire.

“There are at least six different large nickel projects in the Timmins and Sudbury area,” said Anna Baggio, director of conservation planning with the Wildlands League, which has teamed up with Mushkegowuk Council in support of establishing a National Marine Conservation Area along the James and Hudson Bay coast.

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The Drift: Timmins remains a hidden gem for gold discoveries – by Ian Ross (Northern Ontario Business – August 30, 2023)

Junior mining companies insist Timmins camp has millions of ounces to be unearthed

Exploration players are bringing fresh eyes and are testing out new geological theories in making gold discoveries in an outlying area of the Timmins gold camp. The area east of Timmins, toward Matheson, has attracted a cluster of junior mining companies that might unlock the next generation of gold production in the camp for years to come.

Executives from three companies — GFG Resources, Moneta Gold and Onyx Gold — rounded up with this week for a 6ix webinar, hosted by Junior Resource Investing, that highlighted their activity and their approach to exploration in the East Timmins part of the camp.

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The Drift: Nickel and gold driving the Timmins exploration boom – by Ian Ross (Northern Ontario Business – June 19, 2023)

Exploration snapshot of the Timmins camp shows land acquisition, expansion drilling, and mine permitting

The Drift is an ongoing editorial series by Northern Ontario Business about the people, companies, technologies, and innovation that encompass the mining industry in northeastern Ontario. The arrival of summer means exploration activity around Timmins accelerates into high gear for gold and nickel junior miners and project developers.

South of the city, a pair of exploration companies continue to tie into high-grade nickel, particularly Canada Nickel. The Toronto mine developer keeps hitting high-grade nickel near the surface at its Texmont Project.

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Timmins nickel deposit doubles in size – by Staff (Northern Ontario Business – June 14, 2023)

EV Nickel’s high-grade deposit at its Shaw Dome Project has ‘further room to grow’

One of northeastern Ontario’s emerging nickel players has posted a new resource estimate for a Timmins-area deposit that could have open pit and underground mining potential by 2026 or 2027.

After a raft of diamond drilling at its Shaw Dome Project, EV Nickel said its high-grade W4 deposit has more than doubled in size from an earlier estimate performed 13 years ago by previous exploration company.

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Timmins’ newest gold mine started operations Easter Monday – by Nicole Stoffman (Timmins Daily Press – April 18, 2023)

Gowest seeking local diamond drillers for exploration planned for later this spring

Gowest Gold’s Bradshaw Mine, 42 kilometres north of Timmins, began operations on April 10. The company’s president Dan Gagnon shared the news at a luncheon hosted by the Timmins Chamber at the Porcupine Dante Club on Tuesday.

“We are the new mine in Timmins,” said Gagnon, adding that the mine will produce 200 tonnes of gold ore a day (from which gold is extracted) this year at 5.6 grams of gold per tonne of ore, and ramp up to 1,300 tonnes a day by its third year.

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Having nickel in Timmins ‘extremely attractive’, says CEO – by Maija Hoggett (Timmins Today – February 23, 223)

‘We think we’re in the early phase of unlocking an entire nickel district’

A mine developer says Timmins is in the early phase of unlocking a nickel district. Canada Nickel CEO Mark Selby gave an update on its Crawford Project today at the Timmins Chamber’s State of Mining event.

Crawford is a proposed open-pit mine 40 kilometres north of the city. It’s slated to be a zero-emission operation. “This would be one of the largest nickel sulphide mines globally. Based on the scale of the resource that’s there it has the potential to be even larger.

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