Canada Nickel Makes Significant Discovery at Nesbitt and Announces Additional Results on Regional Properties prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Canada Nickel Preliminary Economic Assessment Confirms Robust Economics of Crawford Nickel Sulphide Project
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8% and 16% after-tax IRR
First quartile net C1 cash cost of $1.09/lb and net AISC of $1.94/lb of nickel
Production of 1.9 billion pounds nickel over 25 years
Annual EBITDA of $439 million and annual free cash flow of $274 million
Immediately advancing to feasibility study
(All amounts in US dollars unless otherwise indicated.)
TORONTO, May 25, 2021 /PRNewswire/ -
Canada Nickel Company Inc. ( Canada Nickel or the Company ) (TSXV: CNC) (OTCQB: CNIKF), is pleased to announce that the Preliminary Economic Assessment ( PEA ) has confirmed robust economics showing an after-tax NPV
Canada Nickel Consolidates and Expands Nickel Land Package and Acquires Sixth Nickel Target
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Canada Nickel or
the Company ) (TSXV: CNC) (OTCQB: CNIKF) is pleased to announce that it has entered into a binding letter of intent with Noble Mineral Exploration ( Noble ) to acquire the properties previously optioned by the Company (the Transaction ) plus additional claims held by Noble. Under the terms of the Transaction, the current option agreements with Noble will be terminated and Canada Nickel will acquire 100% of the optioned claims and other interests in return for 3.5 million of the Company s common shares.
Noble Mineral Exploration Inc. is pleased to announce that it has entered into a binding letter of intent with Canada Nickel Company Inc, to vend the properties previously optioned to Canada Nickel plus additional claims held by Noble. Under the terms of the Transaction, Noble and Canada Nickel will terminate the current option and joint venture agreements with Canada Nickel acquiring 100% of the applicable property .
Canada Nickel consolidates, expands Ontario landholding
Crawford nickel-cobalt sulphide project.
(Image courtesy of Canada Nickel Company).
Canada Nickel Company (TSXV: CNC) announced on Thursday that it has entered into a binding letter of intent with Noble Mineral Exploration to acquire the properties previously optioned, plus additional claims held by Noble.
As a result, the current option agreements with Noble will be terminated, and Canada Nickel will acquire 100% of the optioned claims and other interests in exchange for 3.5 million of the company’s common shares.
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Canada Nickel is currently anchored by its wholly-owned Crawford nickel-cobalt sulphide project in the Timmins-Cochrane mining camp in Ontario.