15:32:51 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Canada Nickel Company Inc
Symbol CNC
Shares Issued 163,941,246
Close 2024-02-08 C$ 1.41
Market Cap C$ 231,157,157
Recent Sedar Documents

Globe says Canada Nickel plans $1B processing plant

2024-02-09 07:24 ET - In the News

The Globe and Mail reports in its Friday edition that Canada Nickel plans to build two large processing facilities near Timmins, Ont. The Globe's Matthew McClearn writes that the company's subsidiary, NetZero Metals, 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. The company is studying several brownfield properties in the Timmins region and hopes to select sites within a few months. Neither facility has been designed yet, but Canada Nickel said it planned to award that work to engineering firms shortly. The combined cost is expected to be about $1-billion. It recently revealed a feasibility study for its proposed $1.9-billion Crawford nickel mine, which the company said will be the world's second largest. The final decision on whether to construct that mine is scheduled for next year. The Globe says Canada Nickel is a small exploration company with limited resources but large ambitions. Yet possessing no operating mines, Canada Nickel remains dependent on continued dollars from investors and lenders. Incorporated in 2019, the company reported a net loss of $14.2-million for the year ended Oct. 31.

© 2024 Canjex Publishing Ltd. All rights reserved.