Canada Nickel (TSX.V: CNC) (OTC: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, has been conditionally approved for a C$4.38 million contribution from the Critical Minerals Infrastructure Fund (“CMIF”) from Natural Resources Canada. The contribution is earmarked to support pre-implementation studies for electrical infrastructure, which began in April 2024 and slated to be complete by June 2025. According to the announcement, the studies constitute a crucial step for Canada Nickel and the government of Canada to safeguard the development of clean energy infrastructure that drives innovation in the mining sector.
“Canada Nickel is grateful for the government of Canada’s contribution during this important phase of the Crawford Nickel Sulphide Project as we complete the engineering and permitting required to advance our project towards construction,” said Canada Nickel CEO Mark Selby in the press release. “By supporting these studies, the federal government is investing the timely development of sustainable infrastructure to ensure a stable source of critical minerals, foster economic growth, create over 1,500 high-paying jobs and advance its commitment to net-zero carbon targets when Crawford is in production.”
To view the full release, visit https://ibn.fm/gIrb1
About Canada Nickel Company Inc.
Canada Nickel 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 has applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM), 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 about the company, visit www.CanadaNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF
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