TORONTO, Oct. 2, 2024
/CNW/ - Canada Nickel Company Inc. ("Canada Nickel" or the
"Company") (TSXV: CNC) (OTCQX: CNIKF) has begun the
submission of the federal Impact Statement (the
"Submission") for the Crawford Nickel Sulphide Project ("the
Project") and expects to complete this submission within the next
six weeks.
The federal Impact Statement includes critical baseline data and
analysis of the environmental, social, and economic effects of the
Project. It reflects Canada Nickel's commitment to responsible
mining practices and outlines mitigation measures to address
potential negative impacts, therefore enhancing the Project's
benefits. The findings within the Submission are a result of
extensive consultations with Indigenous Nations, local communities,
government agencies, subject matter experts, and key
stakeholders.
"The submission of our federal Impact Statement for the Project
represents another major milestone for the Company and brings us
one step closer to securing our permits, which we are targeting in
2025," said Mark Selby, CEO of Canada Nickel. "We're grateful
for the strong partnerships we've built with Indigenous Nations and
community stakeholders, whose contributions have been essential in
shaping the Submission. Their input and advice helped ensure the
Project aligns with our shared values of sustainability and
regional economic growth."
The Submission highlights the Company's commitment to
responsible development and aligns with its public timeline
commitments. "As the Crawford Nickel Sulphide Project continues to
make progress, it is well-positioned to drive regional economic
growth and produce critical minerals as global demand continues to
rise, with Canada Nickel playing a key role in the global
transition to a low carbon economy." added Selby.
For more details on the progress of the Crawford Nickel Sulphide
Project, please visit www.canadanickel.com
For Further Information, Please
Contact:
Mark Selby, CEO
Phone:
647-256-1954
Email: info@canadanickel.com
Sydney Oakes, Director of
Indigenous Relations and Public Affairs
Phone: 905-929-7151
Email: sydneyoakes@canadanickel.com
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of
nickel-sulphide projects to deliver nickel required to feed the
high growth electric vehicle and stainless steel markets. Canada
Nickel Company has applied in multiple jurisdictions to trademark
the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is
pursuing the development of processes to allow the production of
net zero carbon nickel, cobalt, and iron products. Canada Nickel
provides investors with leverage to nickel in low political risk
jurisdictions. Canada Nickel is currently anchored by its 100%
owned flagship Crawford Nickel Sulphide Project in the heart of the
prolific Timmins-Cochrane mining camp. For more information,
please visit www.canadanickel.com.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains certain information that may
constitute "forward-looking information" under applicable Canadian
securities legislation. Forward looking information includes, but
is not limited to, statements regarding: the Submission, including
the expected timeline of completion and the findings within and the
results thereof; the enhancement of the benefits of the Project;
the ability and timing to secure permits, including federal and
provincial permits; the responsible development of the Project; the
potential for the Project to drive regional economic growth and
produce critical minerals; the global demand for critical minerals;
the global transition to a low carbon economy; the advancement by
the Company of the next generation of nickel-sulphide projects to
deliver nickel required to feed the high growth electric vehicle
and stainless steel markets; and the development of processes
to allow the production of net zero carbon nickel, cobalt, and iron
products. . Readers should not place undue reliance on forward
looking statements. Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Canada Nickel to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. There are no assurances that Crawford will be placed
into production. Factors that could affect the outcome include,
among others: inability to repay indebtedness or comply with the
covenants set out in the Company's loan agreements; the actual
results of development activities; project delays; inability to
raise the funds necessary to complete development; general
business, economic, competitive, political and social
uncertainties; future prices of metals or project costs could
differ substantially and make any commercialization uneconomic;
availability of alternative nickel sources or substitutes; actual
nickel recovery; conclusions of economic evaluations; changes in
applicable laws; changes in project parameters as plans continue to
be refined; accidents, labour disputes, the availability and
productivity of skilled labour and other risks of the mining
industry; political instability, terrorism, insurrection or war;
delays in obtaining governmental approvals, necessary permitting or
in the completion of development or construction activities;
mineral resource estimates relating to Crawford could prove to be
inaccurate for any reason whatsoever; additional but currently
unforeseen work may be required to advance to the feasibility
stage; and even if Crawford goes into production, there is no
assurance that operations will be profitable. Although Canada
Nickel has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements
contained herein are made as of the date of this news release and
Canada Nickel disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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SOURCE Canada Nickel Company Inc.
