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Ontario stonewalling marine conservation area, proponents say – by Nicole Stoffman (Timmins Daily Press – October 11, 2024)

https://www.timminspress.com/

Bourgouin: ‘The province should be at the table with Mushkegowuk Council’

A proposed marine conservation area in the James Bay Coast is being hindered without the support of the province, Mushkegowuk Grand Chief Leo Friday says. The Mushkegowuk National Marine Conservation Area (NMCA) would protect 86,000 square kilometres of federal waters in the Hudson and James Bays and 20 kilometres of coastal buffer zones under provincial jurisdiction.

The federal waters have been approved for conservation by the Ministry of the Environment, but without Ontario’s approval of the 20-kilometre buffer zone, the NMCA could still proceed but will be “very limited,” according to Lawrence Martin, director of Mushkegowuk Council’s lands and resources department.

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Canada Nickel may net $500m Ottawa loan for giant Crawford project – by Colin McClelland (Mining.com – September 6, 2024)

https://www.mining.com/

Canada Nickel (TSXV: CNC) says a Canadian government agency might loan it $500 million for its Crawford project in northern Ontario, which could become the world’s largest nickel-cobalt sulphide development. Its shares rose.

Export Development Canada (EDC), which finances and offers other help to domestic companies, sent a letter of intent to Canada Nickel in late August, it said on Friday. It would be combined with $600 million in tax credits expected from Ottawa to help build the C$3.5 billion capex project near Timmins over two stages, the company said.

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Timmins nickel developer has a gold deposit to sell – by Ian Ross (Northern Ontario Business – July 30, 2024)

https://www.northernontariobusiness.com/

Aston Minerals taking calls on 1.5-million-ounce gold deposit to bankroll its nickel exploits

Aston Minerals, an aspiring nickel mine developer in the Timmins area, is looking to swing a deal on a gold deposit at its Eldeston Project.

The Australian junior miner has designs on developing an open-pit nickel mine, 60 kilometres south of Timmins and wants to use the money from a sale of the gold asset to put back into advancing its Bardwell nickel-cobalt deposit.

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Canada Nickel outlines new million-tonne nickel resource near Timmins – Ian Ross (Northern Ontario Business – July 19, 2024)

https://www.northernontariobusiness.com/

BHP’s pain in mothballing Australian nickel mines is Canada Nickel’s gain, says CEO Mark Selby

Bad news for global miner BHP is great news for Canada Nickel and its ambitious plan to roll out a series of nickel projects in the Timmins area over the next decade, including a new one-million tonne resource south of the city.

“One hundred per cent,” said Canada Nickel CEO Mark Selby in a recent interview with CRUX Investor in reacting to the blue sky opportunity he sees for his company on the news that BHP is shutting down its Western Australian nickel projects until 2027, blaming plummeting metal prices and world oversupply of nickel.

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Blood nickel: What electric-vehicle hunger has wrought, and how Canada can help – by Mark Selby (Globe and Mail – July 4, 2024)

https://www.theglobeandmail.com/

Mark Selby is the founder and CEO of Canada Nickel Co.

Blood diamonds, blood cobalt, and now blood nickel. Governments leading the global shift toward electric vehicles promise cleaner cities and a new era of sustainable energy and improved resource usage.

But just as governments promote EVs on environmental grounds, manufacturers are forced to source nickel from a region enabling the wanton destruction of ecologically sensitive lands, reckless treatment of workers, and the fundamental deterioration of living conditions. There is only one solution to this problem: the world needs more Canadian nickel.

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McEwen Mining invests $30 million in Timmins-area exploration – by Staff (Northern Ontario Business – June 18, 2024)

https://www.northernontariobusiness.com/

Toronto gold company funds next mine in its stable of gold properties

McEwen Mining has raised $30 million to fund exploration and development of the next mine in the project pipeline at its Fox Complex, east of Timmins.

The Toronto gold company closed financing last week through a flow-through share offering, which will be earmarked for exploration drilling and construction of an underground access ramp from the surface to reach gold at its Stock East and West properties.

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‘You’re always a drill hole away from an immense discovery’: Pirie – by Nicole Stoffman (Timmins Daily Press – June 10, 2024)

https://www.timminspress.com/

Ontario Minister of Mines excited by new prospects in the region

Timmins MPP George Pirie, Ontario’s minister of mines was engrossed in conversations with three promising junior mining operations in the Prospector’s Tent at the 2024 Canadian Mining Expo on Thursday, June 6. “That’s what excites me about the mining industry,” Pirie told the Daily Press before heading off to give the Ontario State of Mining Address. “You’re always a drill hole away from an immense discovery.”

According to the Ministry of Mines, the Timmins-Porcupine gold camp is the largest producer of gold in Ontario. Last year Ontario allocated $6 million to support junior minors (who explore mining deposits), bringing the province’s total investment in their junior mining program to $35 million since 2021.

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Don’t underestimate world demand for Nickel, CEO says – by Nicole Stoffman (Timmins Press – June 7, 2024)

https://www.timminspress.com/

Mineral remains a resilient investment for both stainless steel and batteries: Selby

The ever-ebullient CEO of Canada Nickel Company, Mark Selby, is bullish on Nickel, despite Canadian’s growing skepticism about electric vehicles.

According to an April survey from AutoTrader, the number of Canadians interested in buying an EV fell from 68 per cent in 2022 to 46 per cent in 2024. People are concerned about inadequate charging infrastructure, the cars’ limited range, higher cost, and performance in cold weather.

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Nickel resources grow at Timmins exploration site – by Ian Ross (Northern Ontario Business – April 19, 2024)

https://www.northernontariobusiness.com/

Aston Minerals endowed with both gold and nickel deposits at its Edleston Project

A promising new nickel sulphide project in the Timmins area is growing in size and tonnage. Aston Minerals has released a new mineral estimate of its two deposits at its Edleston Project, showing a 44 per cent bump in the indicated nickel and cobalt resource over last year’s calculation.

The Australian company is carrying out technical work to determine if its leading Bardwell deposit can be economically mined. Edleston, situated 60 kilometres south of Timmins, is similar to Canada Nickel’s Crawford Project, north of the city, in that it’s a huge tonnage but low-grade ore property.

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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)

https://www.cbc.ca/news/canada/sudbury/

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)

https://www.theglobeandmail.com/

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)

https://www.northernontariobusiness.com/

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)

https://www.bnnbloomberg.ca/

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)

https://www.theglobeandmail.com/

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)

https://www.canadianminingjournal.com/

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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