Canada Nickel Achieves Major Permitting Milestone with Completion of Filing of Impact Statement for Crawford Nickel Sulphide Project
Canada Nickel Achieves Major Permitting Milestone with
Completion of Filing of Impact Statement for Crawford Nickel Sulphide Project
TORONTO, November 26, 2024 – 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 th is 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 fu rther $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 . Through out 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: [email protected]
Sydney Oakes, Director of Indigenous Relations and Public Affairs
Phone: 905-929-7151
Email: [email protected]
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 t arget 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, ti ming 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, fol low-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 d rilling, 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 ex ploration
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 eve nts 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.