202634 releases
Swiss Steel Group and Canada Nickel Company Announce Intention to Establish an Exclusive Long-term Low-Carbon Steel Partnership
Canada Nickel and Swiss Steel Group announced an intention to establish a long-term strategic partnership for supplying low-carbon semi-finished steel from Canada, following a framework agreement signed October 23, 2026. The envisaged partnership would give Swiss Steel Group exclusive access to approximately one million tonnes of semi-finished steel products per year from 2030.
CorporateCANADA NICKEL COMPANY RELEASES 2025 ESG REPORT
The 2025 Environmental, Social, and Governance Report has been released, covering the period January 1 to December 31, 2025, with ESG reporting remaining voluntary for the development-stage company. During 2025, the Crawford Nickel Project in Ontario was referred to the federal Major Projects Office and in January 2026 was designated under Ontario's One Project, One Process framework, with a construction decision targeted for 2027. The company finalized a $20 million equity investment from Taykwa Tagamou Nation, including a board seat, and signed a contracting agreement with Matachewan, Mattagami and Flying Post First Nations through Wabun Tribal Council.
CorporateRose & Co: Nickel 101 – Supply, Demand, and the Investment Opportunity
An edited transcript and investor summary from the October 2, 2026 Rose & Company webinar Nickel 101 was published, featuring Canada Nickel CEO Mark Selby, Lifezone Metals director John Dowd and McKinsey's Nicolas Goffaux. Panelists put nickel at roughly $16,000-$17,000/ton and Indonesia at about 60% to two-thirds of global supply, with Selby projecting $19,000-$20,000/ton by year-end and $22,000-$24,000/ton in five years, while Goffaux warned prices above $20,000/ton could trigger battery substitution. Selby said Crawford phase one would produce just under 30,000 tons annually and phase two just under 50,000 tons, or just over 1% of global supply.
NewsCanada Nickel Announces Selection of SMS Equipment Inc. and Komatsu for $1.5 billion Load & Haul Fleet Purchase
Komatsu and its largest Canadian dealer, SMS Equipment, have been selected to supply the load and haul and associated support mining fleet for Canada Nickel's 100%-owned Crawford Nickel Project in the Timmins-Cochrane camp, Ontario. More than 300 machines with a current value of approximately C$1.5 billion are expected to be purchased over the 40-year project life. Definitive agreements, fleet support agreements and previously announced fleet financing with Taykwa Tagamou Nation are targeted for completion by the first quarter of 2027, with a construction decision expected in 2027.
CorporateCanada Nickel Announces Filing of NI 43-101 Technical Reports for Previously Announced Updated Deloro Project Resource and Initial Nesbitt Project Resource
Independent NI 43-101 technical reports supporting the initial mineral resource estimate for the 100%-owned Nesbitt Nickel Sulphide Project and the updated mineral resource estimate for the 100%-owned Deloro Nickel Sulphide Project, both near Timmins, Ontario, have been filed on SEDAR+. The reports were issued September 8, 2026, with mineral resource estimates effective July 23, 2026, and were prepared by Caracle Creek International Consulting Inc. There are no material differences from the results disclosed in the Company's July 23, 2026 news release.
NewsCanada Nickel Closes Non-Brokered Private Placement for Gross Proceeds of C$21.0 Million
An upsized non-brokered private placement closed for gross proceeds of C$21,000,000 through the sale of 14,000,000 units at C$1.50 per unit, each unit comprising one common share and one-half warrant exercisable at C$2.25 for 36 months. Avenir Minerals Limited received 666,667 units under pro rata participation rights. Proceeds will fund permitting and engineering to advance the Company's projects, repayment of outstanding indebtedness, working capital and general corporate purposes.
FinancingCanada Nickel Announces Non-Brokered Private Placement for Gross Proceeds of C$15 Million
A non-brokered private placement of 10,000,000 units at C$1.50 per unit for gross proceeds of C$15,000,000 is planned, with each unit comprising one common share and one-half warrant exercisable at C$2.25 for 36 months from issue. Units are offered to purchasers outside Canada under OSC Rule 72-503, which is not expected to carry a four-month hold period. Proceeds will fund permitting and engineering, repayment of outstanding indebtedness, and working capital, with closing subject to TSX Venture Exchange approval.
FinancingCanada Nickel Announces Upsize of Non-Brokered Private Placement to Gross Proceeds of up to C$21.0 Million
A previously announced non-brokered private placement has been increased from C$15,000,000 to gross proceeds of up to C$21,000,000, consisting of up to 14,000,000 units at C$1.50 per unit. Each unit includes one common share and one-half warrant exercisable at C$2.25 for 36 months. Proceeds will fund permitting and engineering activities, repayment of outstanding indebtedness, and working capital and general corporate purposes, with closing scheduled on or around August 28, 2026, subject to TSX Venture Exchange approval.
FinancingCanada Nickel Reports Additional Exploration Drilling Results and Highest Grade Intervals to Date at Reid Nickel Sulphide Project
Drilling at the 100%-owned Reid Nickel Sulphide Project, about 39 kilometres northwest of Timmins, Ontario, returned 1.01% nickel over 4.5 metres within 0.54% nickel over 43.5 metres within 0.29% nickel over 576.6 metres in hole REI26-92A, and 0.26% nickel over 801.4 metres in REI26-90B. The results are the first 2 of 9 holes in a program infilling previous sections. Canada Nickel also amended its Cochrane District claims acquisition, agreeing to pay $2,400 cash and issue 60,000 shares, with vendors retaining a 1.5% NSR.
Drill resultsCanada Nickel Secures Federal Approval for Crawford Nickel Project
A positive Decision Statement has been issued by the Minister of Environment, Climate Change and Nature for Canada Nickel's Crawford Nickel Project in the Timmins Nickel District, northeastern Ontario — the first mining project approved under Canada's amended Impact Assessment Act, 2019. An independent study by Mansfield Consulting estimates Crawford will contribute about $70 billion to Canada's GDP and support roughly 185,000 person-years of employment. The Company will advance detailed engineering, financing and remaining permits toward a construction decision in 2027.
CorporateCanada Nickel Provides Corporate Update
The repayment date of the US$32 million Auramet International loan facility, originally announced February 6, 2026, has been extended from August 9, 2026 to November 9, 2026. Canada Nickel will pay an extension fee of US$856,288 and grant Auramet 5,500,000 one-year warrants exercisable at $1.52, a 5% premium to the five-day VWAP ending July 27, 2026, while 3,500,000 warrants at $1.81 issued in May 2026 will be cancelled. TSX Venture Exchange approval is required. The company said it is in the final stage of federal permitting for the Crawford project in Timmins, Ontario, and is advancing towards a construction decision in 2027.
CorporateCanada Nickel Announces Initial Mineral Resource at Nesbitt and Delivers 46% Increase in Indicated Resource at Deloro
An initial mineral resource at the Nesbitt Nickel Sulphide Project near Timmins, Ontario totals 24.5 Mt Indicated grading 0.23% Ni (57.5 kt contained nickel) and 152.1 Mt Inferred at 0.23% Ni (351 kt), at a 0.10% Ni cut-off from 28 holes totalling 10,031 metres. At Deloro, Indicated Resources rose 46% to 119 Mt at 0.25% Ni (0.30 Mt nickel) and Inferred rose 39% to 498 Mt at 0.25% Ni (1.25 Mt). Technical reports will be filed on SEDAR+ within 45 days.
Resource updateCANADA NICKEL COMPANY’S CRAWFORD NICKEL PROJECT ADVANCES TO FINAL FEDERAL IMPACT ASSESSMENT DECISION STAGE
The Impact Assessment Agency of Canada has submitted the Final Impact Assessment Report on Canada Nickel's Crawford Nickel Project in Ontario to the Minister of Environment and Climate Change, with the Minister's Decision Statement expected within 30 days. Crawford is the first mining project in Canada to reach the final stage since the federal Impact Assessment Act was updated in 2019. The company is targeting a construction decision in 2027.
CorporateCanada Nickel Announces Property Transactions
A binding letter of intent signed July 13, 2026 will see Noble Mineral Exploration acquire the Lucas Gold Project, issuing Canada Nickel 5,000,000 units valued at $0.06 per unit, each with a half warrant exercisable at $0.15 for two years, plus a back-in right for Canada Nickel to buy a 25% interest at four times Noble's exploration expenditures from the trigger date. Canada Nickel also acquired 100% of mining claims in Lucas Township within the proposed Crawford project footprint for 60,000 common shares and a 1.5% NSR, half of which is buyable for $500,000. The transaction remains subject to a definitive agreement and TSX Venture Exchange requirements.
AcquisitionCanada Nickel Signs MOU with RWE Supply & Trading to Support Commercialization of Low-Carbon Steel in Europe and North America
A memorandum of understanding signed June 1, 2026 with RWE Supply & Trading GmbH will support commercialization of low-carbon stainless and alloy intermediate steel products from Canada Nickel's wholly-owned Net Zero Metals subsidiary, using feed from the Crawford Nickel Project in Ontario. The parties will jointly target EU and US customers, develop product positioning and long-term offtake structures, and address CBAM compliance, with RWEST also expected to support access to German and EU export credit agencies. A definitive agreement is targeted within 2026.
CorporateCanada Nickel Awards Exclusive Mandate for US$600 million Investment Tax Credit Loan Facility to SB1 Markets AS
SB1 Markets AS has been appointed exclusive advisor to arrange debt financing of up to US$600 million for Canada Nickel, allowing the company to monetize Investment Tax Credits expected from construction of the Crawford Nickel Project in the Timmins-Cochrane camp, Ontario. The financing is expected to be arranged by the end of 2026, ahead of a final investment decision on Crawford targeted for 2027. There is no assurance the proposed financing will be completed.
FinancingCanada Nickel Completes Upsized Non-Brokered Private Placement of Flow-Through Shares and Provides Corporate Update
A non-brokered private placement of 3,000,000 flow-through shares at C$2.07 per share closed for gross proceeds of C$6,210,000, upsized from the previously announced offering, with proceeds to fund qualifying exploration expenditures to be incurred by December 31, 2027 and renounced effective no later than December 31, 2026. The offering remains subject to final TSX Venture Exchange approval, and the shares carry a four-month-and-one-day hold period. Canada Nickel also clarified that the interest rate on its extended US$32 million Auramet International loan facility has been amended to 15% per annum.
FinancingThe Hill Times Op Ed: Canada needs to treat critical minerals as a national security asset, Mark Selby, CEO, Canada Nickel Company Inc.
An opinion piece by Mark Selby, CEO and director of Canada Nickel Company, published in The Hill Times on May 25, 2026, argues that Canada should treat critical minerals as a national security asset. It proposes lowering Investment Canada Act review thresholds for strategic mineral assets, requiring greater beneficial ownership transparency, creating a separate strategic minerals category distinct from the critical minerals framework, and expanding government-backed financing for projects between early-stage development and final investment decision.
NewsCanada Nickel Announces $4.97 Million Private Placement of Flow-Through Shares
A non-brokered private placement of up to 2,400,000 flow-through common shares at C$2.07 per share for aggregate proceeds of C$4.97 million is planned, scheduled to close on or around June 10, 2026, subject to TSX-V listing and approvals. Proceeds will fund qualifying Canadian and Ontario critical mineral exploration expenditures, to be incurred by December 31, 2027 and renounced to purchasers effective no later than December 31, 2026. Funds will advance the Timmins Nickel District, where a permitting decision on Crawford is expected by early summer.
FinancingGeoRedox and Canada Nickel Launch First-of-its-kind Geologic Hydrogen Program at Crawford Nickel Project in Timmins, Ontario
A memorandum of understanding has been signed with GeoRedox Corporation to develop a stimulated geologic hydrogen well at the Crawford Nickel Project near Timmins, Ontario, testing GeoRedox's Advanced Weathering Enhancement technology for producing hydrogen from ultramafic rock. GeoRedox will fund the demonstration program in full, while Canada Nickel contributes site access, rock samples, technical expertise and data. The demonstration is the first phase of a program targeting hydrogen supply for a zero-carbon industrial cluster in the Timmins Nickel District.
NewsCanada Nickel Provides Corporate Update
The 3,500,000 common share purchase warrants issued to Auramet International, Inc. in connection with the extension of Canada Nickel's US$32 million loan facility carry an exercise price of $1.81 per common share. The price was set under the previously disclosed pricing formula and TSX Venture Exchange requirements, following the company's May 7, 2026 news release.
CorporateCanada Nickel’s Crawford Project Clears Penultimate Federal Permitting Hurdle
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CorporateCanada Nickel Secures Agreements with Hydro One to Commence Engineering for Crawford Nickel Project Power Connection
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CorporateCanada Nickel Achieves Significant Permitting Milestone for Crawford Nickel Project
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CorporateCanada Nickel Announces Filing of NI 43-101 Technical Report for Previously Announced Updated Resource, Reid Nickel Sulphide Project
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Resource updateCanada Nickel Announces Significant Awaruite at Midlothian Property
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Drill resultsCanada Nickel and the University of Texas Successfully Complete Carbon Sequestration Pilot at the Crawford Nickel Project
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NewsCanada Nickel Announces Closing of US$32 Million Bridge Loan Facility with Auramet International, Inc.
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FinancingCanada Nickel Announces US$32 Million Bridge Loan Facility with Auramet International, Inc.
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FinancingCanada Nickel Announces Filing of NI 43-101 Technical Reports for Previously Announced Initial Resources, Midlothian and Bannockburn Projects
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NewsCanada Nickel Announces Ausenco as Lead Engineering Consultant for Detailed Engineering of the Crawford Nickel Sulphide Project
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CorporateCrawford Nickel Project Named Under Ontario’s One Project, One Process Framework
The Province of Ontario has named the Crawford Nickel Project the second project to advance under its One Project, One Process permitting framework, which coordinates timelines and reviews across provincial ministries. Crawford submitted an Impact Statement under the amended Impact Assessment Act, 2019 in November 2024 and was referred to the federal Major Projects Office in November 2025, with Canada Nickel targeting construction start by year-end. Independent analysis estimates more than $70 billion in GDP over a 40+ year mine life.
CorporateCanada Nickel Announces 46% Increase in Measured & Indicated Resource at Reid Nickel Sulphide Project
An updated mineral resource estimate for the 100%-owned Reid Nickel Sulphide Project near Timmins, Ontario raised Measured and Indicated resources 46% to 2.1 million tonnes contained nickel (0.87 billion tonnes at 0.23% Ni) and Inferred resources 47% to 3.2 million tonnes contained nickel (1.45 billion tonnes at 0.22% Ni), with an exploration target of an additional 0.5–1.4 billion tonnes at 0.21–0.22% Ni. The estimate used 51,137 metres of drilling in 89 holes; a technical report will be filed within 45 days.
Resource update
20257 releases
Canada Nickel Announces Share-Based Compensation Grant
Share-based compensation was granted to certain directors, officers and/or employees for the fiscal year ended October 31, 2025, consisting of 1,900,000 stock options, 1,900,000 restricted share units, 1,900,000 cash-settled performance RSUs and 750,000 deferred share units. The options carry an exercise price of $1.16 per common share, a five-year term and vest annually in equal thirds from the first anniversary of grant, as do the RSUs. The cash-settled RSUs vest in full upon board approval to commence construction of the Crawford Project, with alternate annual third vesting if no construction decision is made within one year.
CorporateCanada Nickel Announces Initial Resources at Midlothian and Bannockburn Projects
Initial mineral resource estimates were reported for the Midlothian and Bannockburn nickel sulphide projects in Ontario, located 64 km southeast of Timmins and 20 km west of Matachewan. Midlothian hosts 595 million tonnes Inferred at 0.28% nickel, from 9,268 metres in 22 holes, while Bannockburn holds 63 Mt Indicated at 0.28% nickel and 129 Mt Inferred at 0.27% nickel. Eight Timmins-area deposits now total 3.9 Bt Measured and Indicated at 0.24% nickel and 4.9 Bt Inferred at 0.23%.
Resource updateCanada Nickel Announces Closing of a Bought Deal Private Placement for Gross Proceeds of C$15.0 Million
A bought deal private placement closed for gross proceeds of C$15,000,000, including full exercise of the underwriters' option, through the sale of 12,500,000 units at C$1.20 per unit, each unit comprising one common share and one-half warrant exercisable at C$1.80 until December 11, 2028. Red Cloud Securities acted as lead underwriter and sole bookrunner, with Scotia Capital, Cormark Securities and Haywood Securities; underwriters received C$845,892 in cash commission and 704,910 broker warrants. Net proceeds are earmarked for the wholly owned Crawford Nickel Sulphide Project and working capital, subject to final TSX-V approval.
FinancingCanada Nickel Announces Bought Deal Private Placement for Gross Proceeds of C$12.0 Million
A bought deal private placement of 10,000,000 units at C$1.20 per unit for gross proceeds of C$12,000,000 has been agreed with Red Cloud Securities Inc. as lead underwriter and sole bookrunner. Each unit includes one common share and one-half warrant exercisable at C$1.80 for 36 months, with an over-allotment option for up to 2,500,000 additional units for up to C$3,000,000. Proceeds will advance the wholly owned Crawford Nickel Sulphide Project and working capital, with closing expected around December 11, 2025.
FinancingCanada Nickel Announces Bought Deal Private Placement is Oversubscribed and Fully Allocated
A previously announced bought deal private placement of 10,000,000 units at C$1.20 per unit for gross proceeds of C$12,000,000 is oversubscribed and fully allocated, with the underwriters intending to fully exercise an over-allotment option for an additional 2,500,000 units and C$3,000,000, bringing total gross proceeds to C$15.0 million. Each unit includes one common share and one-half warrant exercisable at C$1.80 for 36 months. Proceeds will advance the wholly owned Crawford Nickel Sulphide Project, working capital and general corporate purposes, with closing expected around December 11, 2025. Red Cloud Securities Inc. is lead underwriter and sole bookrunner.
FinancingCanada Nickel Announces the Referral of the Company’s Crawford Project to the Major Projects Office by the Government of Canada
The Crawford Nickel Project near Timmins, Ontario has been referred to the federal Major Projects Office by the Government of Canada, announced by Energy and Natural Resources Minister Tim Hodgson at Canada Nickel's Timmins regional headquarters on November 13, 2025. The company said it aims to work with the government and the Major Projects Office to secure financing and permitting and begin construction by the end of next year.
CorporateCanada Nickel and the University of Texas at Austin Launch Carbon Sequestration Pilot at Crawford Nickel Project
A one-month in-situ carbon sequestration pilot has begun at the Crawford Nickel Project near Timmins, Ontario, run in collaboration with a U.S. DOE ARPA-E team led by the University of Texas at Austin. The pilot will inject carbon-enriched water sourced from the site into a 400 metre-deep well in the ultramafic body, with most CO2 expected to mineralize within six months. The program is independent of Canada Nickel's In-Process Tailings Carbonation initiative.
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