Canada Nickel Company

Canada Nickel Company

Canada Nickel is advancing the next generation of high quality, high potential nickel-cobalt projects to deliver the metals needed to power the electric vehicle revolution and feed the high growth stainless steel market.

HQ location
Toronto, Canada
Launch date
Employees
Market cap
$123m
Enterprise value
$139m
Share price
CAD0.80 CNC.V
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CAD6.4m

Private Placement non VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
CAD2021202220232024202520262027
Revenues0000000000000000000000000000
EBITDA0000000000000000000000000000
Profit0000000000000000000000000000
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article, Equity research estimates

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Canada Nickel Company Inc. (TSXV: CNC, OTCQX: CNIKF) is a mineral exploration and development company advancing a portfolio of nickel-sulphide projects within the Timmins-Cochrane mining camp in Ontario, Canada. The company was established in September 2019 to consolidate ownership of the Crawford nickel-cobalt sulphide project.

The company is led by CEO Mark Selby, a founder who is widely recognized as a leading authority on the nickel market since 2001. His career includes senior management roles at Inco, Quadra Mining, and RNC Minerals, where he guided the Dumont nickel-cobalt project to a construction-ready state. Selby's extensive background in the nickel sector, including a Bachelor of Commerce from Queen's University, underpins the company's strategic direction.

Canada Nickel's business is centered on the exploration and development of large-scale, low-grade, open-pit nickel sulphide deposits to supply the electric vehicle (EV) and stainless steel markets. Its flagship asset, the Crawford Project, is positioned to be a significant source of nickel and other critical minerals, including cobalt, chromium, palladium, and platinum. The company's business model involves advancing its projects through feasibility studies and permitting, with the ultimate goal of becoming a major nickel producer. The Crawford project is expected to enter production by the end of 2027, with a projected mine life of 41 years.

A key differentiator for Canada Nickel is its focus on environmentally responsible production through its wholly-owned subsidiary, NetZero Metals Inc. This division is developing processing facilities designed to be net-zero carbon emitters. The strategy involves utilizing a proprietary process called In-Process Tailings (IPT) Carbonation, where the serpentine rock that hosts the mineralization naturally absorbs and permanently stores CO2. This carbon storage capacity is intended to offset all emissions from the mining and processing operations, and potentially offer carbon storage as a service. The company is developing two downstream processing facilities in the Timmins region: a nickel processing plant, anticipated to be the largest in North America, and a stainless-steel and alloy production facility. Subject to permitting, the nickel plant aims to commence operations in 2027, initially using third-party feeds before integrating ore from the Crawford project.

Keywords: nickel sulphide exploration, cobalt mining, critical minerals, Timmins mining camp, Crawford Project, Mark Selby, NetZero Metals, carbon capture, zero-carbon nickel, electric vehicle supply chain, stainless steel production, mineral processing, open-pit mining, palladium, platinum, chromium, project development, resource exploration, Canadian mining, sustainable mining

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