MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Commences Next Phase of Permitting, Appoints Project Debt Advisor

April 05, 2023 at 12:54 PM EDT

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) has started the Impact Statement Phase for its Crawford Nickel Project under the Impact Assessment Act. The second phase of the process, the Impact Statement phase is critical for the project because the process will be used by regulators, Indigenous communities, the general public, stakeholders and proponents alike as a planning and decision-making tool. The phase will be integral to emphasizing the positive impacts of the proposed project as well as resolving or mitigating the negative impact and ensuring that the project moves forward in the public’s best interest. The company noted that the Impact Statement Phase culminates with the proponent’s submission of the Impact Statement. “As we now enter the second phase of the Impact Assessment process, we’d like to express our appreciation to our partners, stakeholders and Indigenous communities for their continued engagement, and to the Impact Assessment Agency of Canada for their timely actions in efficiently progressing the Impact Assessment process for Crawford,” said Canada Nickel chair and CEO Mark Selby in the press release. “As we continue our rapid progression through project permitting, Canada Nickel remains committed to ensuring thorough, meaningful baseline assessments, impact analysis, and engagement.”

In addition, Canada Nickel also appointment Cutfield Freeman & Co. as project debt advisors; the company also named current board member David Smith as board chair, a position previously held by Selby. “I am very pleased that we have engaged Cutfield Freeman, a leading global mining advisory firm, as project debt advisors,” said Selby. “Cutfield Freeman, in conjunction with our previously appointed equity advisors, Deutsche Bank and Scotiabank, will assist the company in putting together the overall financing package for the company’s flagship Crawford Nickel Sulphide project as we continue advancing Crawford towards production.”

To view the full releases, visit https://ibn.fm/pZpSS and https://ibn.fm/Z08ZQ

About Canada Nickel Company

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 successfully registered and applied for trademarks in various jurisdictions for 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. The company provides investors with leverage to nickel and cobalt in low political-risk jurisdictions. Canada Nickel is currently anchored by its wholly 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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