TORONTO, Nov. 26,
2024 /PRNewswire/ -- Canada Nickel Company
Inc. ("Canada Nickel" or "The Company") (TSX V:
CNC) (OTCQB: CNIKF) has achieved a significant milestone with
the completion of the filing of the Impact Statement for the
Crawford Nickel Sulphide Project with the Impact Assessment Agency
of Canada on November 22, 2024. The Impact Statement was
prepared by Stantec, a global leader in sustainable design and
engineering. This important step forward keeps the Project on
schedule to secure permits and make a construction decision in
2025.
"This submission is a reflection of the extraordinary work of
our team and partners and our commitment to meaningful
collaboration with Indigenous communities and stakeholders," said
Mark Selby, CEO of Canada Nickel.
"We've gone from the fifth drillhole in September 2019 to become the first mining project
in Canada to file an Impact
Statement under the 2019 Impact Assessment Act. The ability
to achieve this milestone in just over five years also reflects the
federal government's commitment to timely and efficient permitting
processes and effective engagement with proponents. It's a
major step forward as we advance Crawford – projected to be one of
the world's largest and most sustainable nickel sulphide projects -
towards production."
Since 2021, Canada Nickel has conducted extensive baseline
environmental and socio-economic studies to inform the Impact
Statement, combining rigorous scientific analysis with valuable
insights from Indigenous Knowledge and community input.
Highlights of Engagement Efforts:
- Funding Indigenous Nations to ensure authentic and meaningful
participation, such as funding the Nations own Traditional Land Use
and Socioeconomic studies to guide project planning.
- Hosting technical working group sessions, community open
houses, and site visits with Indigenous leadership, local leaders,
and regional stakeholders.
- Organizing Environmental and Socioeconomic Committees inclusive
of local multi-disciplinary subject matter experts to inform
project planning.
"Throughout the Impact Statement, it is clear how much the
Company has prioritized minimizing impacts while maximizing the
benefits this Project will bring to the entire region," said
Pierre-Philippe Dupont, Vice
President of Sustainability. "Since day one, we've taken a true
partnership-based approach that has defined this entire process. By
engaging early and often with Indigenous Nations, local
communities, and stakeholders, we've ensured this Project reflects
our shared priorities and values."
The Crawford Nickel Sulphide Project is expected to generate
significant benefits for Northern
Ontario, including the creation of thousands of jobs,
strengthening local businesses, and contributing to economic
growth. According to the Company's bankable Feasibility Study, over
its 41 year lifecycle, the Project is projected to generate more
than $63 billion in revenue, over
1,000 jobs, $7 billion in federal and
provincial income taxes, and a further $2.6
billion in provincial mining taxes, from a total investment
of $6.8 billion
With the Impact Statement now filed and following the Impact
Assessment Agency's confirmation review, the Project will move into
the Indigenous and public consultation phase of the Impact
Assessment process. Throughout this process, Canada Nickel remains
committed to ongoing dialogue with Indigenous Nations,
stakeholders, and government representatives to ensure the project
progresses in alignment with its principles of sustainability,
collaboration, and delivering benefits to local communities.
About Stantec
Stantec empowers clients, people, and
communities to rise to the world's greatest challenges at a time
when the world faces more unprecedented concerns than ever
before.
We are a global leader in sustainable architecture, engineering,
and environmental consulting. Our professionals deliver the
expertise, technology, and innovation communities need to manage
aging infrastructure, demographic and population changes, the
energy transition, and more.
Today's communities transcend geographic borders. At Stantec,
community means everyone with an interest in the work that we
do—from our project teams and industry colleagues to our clients
and the people our work impacts. The diverse perspectives of our
partners and interested parties drive us to think beyond what's
previously been done on critical issues like climate change,
digital transformation, and future-proofing our cities and
infrastructure.
We are designers, engineers, scientists, project managers, and
strategic advisors. We innovate at the intersection of community,
creativity, and client relationships to advance communities
everywhere, so that together we can redefine what's possible.
Stantec trades on the TSX and the NYSE under the symbol STN.
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-Cobalt Sulphide Project in the heart of the prolific
Timmins-Cochrane mining camp. For more information,
please visit www.canadanickel.com.
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, drill and exploration results relating to the
target properties described herein (the "Properties"), the
significance of drill results, the ability to continue drilling,
the impact of drilling on the definition of any resource, the
potential of the Crawford Nickel Sulphide Project and the
Properties, timing and completion (if at all) of mineral resource
estimates, the ability to sell marketable materials, strategic
plans, including future exploration and development plans and
results, corporate and technical objectives, and the completion of
assays, follow-up geophysics and further drilling. Forward-looking
information is necessarily based upon several assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking information. Factors that could
affect the outcome include, among others: future prices and the
supply of metals, the future demand for metals, the results of
drilling, inability to raise the money necessary to incur the
expenditures required to retain and advance the property,
environmental liabilities (known and unknown), general business,
economic, competitive, political and social uncertainties, results
of exploration programs, risks of the mining industry, delays in
obtaining governmental approvals, failure to obtain regulatory or
shareholder approvals. There can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance
on forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and
is based upon the opinions and estimates of management and
information available to management as at the date hereof. Canada
Nickel disclaims any intention or obligation to update or revise
any forward-looking information, whether because of new
information, future events or otherwise, except as required by
law.
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SOURCE Canada Nickel Company Inc.