Streetbeat News

CNIKF

Canada Nickel Company Inc

https://canadanickel.com/

Industry

Copper, Nickel, Lead, and Zinc Mining

Open

0.73

Mkt cap

133M

Volume

High

0.73

P/E Ratio

-18.37

52-wk high

1.65

Low

0.73

Div yield

N/A

52-wk low

0.64

Canada Nickel Company (OTC:CNIKF) has received a Letter of Interest from Export Development Canada for a potential $500 million loan to support its Crawford nickel project in Ontario. This project is crucial for Canada's role in the global EV supply chain, with potential to produce 48,000 tons of nickel annually.

Portfolio Pulse from Stjepan Kalinic

September 09, 2024 | 2:32 pm

Canada Nickel Co.'s Crawford project in southeastern Canada, with 3.8 million metric tons of nickel reserves, aims to rival global giants in nickel production. The project is backed by Agnico Eagle Mines, Samsung SDI, and Anglo American. Production is expected to start by the end of 2027, pending permits. The Timmins area, traditionally a gold mining hub, now hosts several nickel miners.

Portfolio Pulse from Matt Whittaker

June 21, 2024 | 2:13 pm

Canada Nickel Company (OTCQX:CNIKF) is accelerating the development of its Crawford nickel project in Ontario, with plans for a $1 billion processing plant. The project, expected to start production by end-2027, has a 41-year lifespan and significant nickel, cobalt, palladium, platinum, iron, and chromium resources. Agnico Eagle Mines (NYSE:AEM) holds a 12% stake in Canada Nickel, and Samsung SDI has secured an investment deal for an 8.7% stake and rights to 10% of the project's nickel-cobalt production.

Portfolio Pulse from Stjepan Kalinic

April 12, 2024 | 1:38 pm

Canada Nickel (OTCQX:CNIKF) is raising $1 billion to construct North America's largest nickel processing plant in Timmins, Ontario, aiming to start production in 2027 with an annual capacity of 80,000 tons. This initiative is part of a broader strategy to position Canada as a leader in the green energy transition by providing cleaner nickel for the electric vehicle and battery manufacturing sectors. The company is in talks with the Canadian government, the U.S. Department of Defense, and battery sector partners for funding. Shareholders include Samsung SDI (OTC:SSDIY) and Agnico Eagle Mines (NYSE:AEM). Despite a 40% decline in nickel prices and a challenging market, Canada Nickel's stock rose 2.92% after the announcement.

Portfolio Pulse from Stjepan Kalinic

February 09, 2024 | 2:56 pm

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