TORONTO, Dec. 10,
2024 /CNW/ - Canada Nickel Company Inc.
("Canada Nickel" or the "Company") (TSXV: CNC)
(OTCQX: CNIKF) is pleased to announce that the Impact Assessment
Agency of Canada (IAAC) has
determined that the Impact Statement for the Crawford Nickel
Sulphide Project meets the necessary accessibility and formatting
requirements and contains sufficient information to proceed into
its next phase through a technical review and public comment
period.
The IAAC's decision marks a key milestone in the development of
the Crawford Nickel Sulphide Project, paving the way for further
technical assessments and engagement. The 60-day public comment
period on the summary of the Impact Statement began yesterday,
December 9, 2024, and will close on
February 7, 2025.
"We are pleased that the IAAC has confirmed the adequacy of our
Impact Statement, a testament to the comprehensive regulatory
compliance and transparency efforts of both our team and the IAAC."
said Mark Selby, CEO of Canada
Nickel.
The public is invited to review and provide feedback on the
Impact Statement and its summary. Further information can be found
on the Crawford Nickel Project Registry page via the following
links:
- Public Notice of Comment Period
- Summary of the Impact Statement
- Impact Statement
- Information Sessions
- Supporting Geospatial Data
- Letter from IAAC to CNC Regarding Impact Statement
Verification
"This milestone is more than just a regulatory checkbox,"
continued Selby. "It is another step forward in the journey for the
Crawford Nickel Sulphide Project from exploration to production. It
is a testament to our team's efforts that this has been the only
mining project in Canada to reach
this stage under the 2019 Impact Assessment Act."
Canada Nickel appreciates the engagement of all participants in
this process and looks forward to addressing input received during
the public comment period.
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
About the Impact Assessment Agency of Canada
The Impact Assessment Agency of
Canada (IAAC) is a federal body
responsible for conducting high-quality impact assessments of major
projects, considering both environmental and socio-economic
factors. Operating under the Impact Assessment Act, the IAAC
engages with Indigenous communities, the public, and various
stakeholders to ensure informed decision-making that promotes
sustainable development across Canada.
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
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, the receipt and timing
of all regulatory approvals, the construction of processing
facilities, the ability of the Company 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 the loan or comply with the covenants set out in the loan
agreement; 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.
