Canada Nickel Announces Positive Federal Conformity Determination for the Crawford Nickel Sulphide Project’s Impact Statement
Canada Nickel Announces Positive Federal Conformity Determination for the
Crawford Nickel Sulphide Project’s Impact Statement
TORONTO, December 10, 2024 - Canada Nickel Company Inc. (“Canada Nickel ” or the
“Company”) (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce that the Impact Assessment
Agency of Canada (IAAC) has determined that the Impact Statement for the Crawford Nickel
Sulphide Project meets the necessary accessibility and formatting requirements and contains
sufficient information to proceed into its next phase through a technical review and public
comment period.
The IAAC’s decision marks a key milestone in the development of the Crawford Nickel Sulphide
Project, paving the way for further technical assessments and engagement. The 60 -day public
comment period on the summary of the Impact Statement beg an yesterday, December 9, 2024,
and will close on February 7, 2025.
"We are pleased that the IAAC has confirmed the adequacy of our Impact Statement, a testament
to the comprehensive regulatory compliance and transparency efforts of both our team and the
IAAC.” said Mark Selby, CEO of Canada Nickel.
The public is invited to review and provide feedback on the Impact Statement and its summary.
Further information can be found on the Crawford Nickel Project Registry page via the following
links:
• Public Notice of Comment Period
• Summary of the Impact Statement
• Impact Statement
• Information Sessions
• Supporting Geospatial Data
• Letter from IAAC to CNC Regarding Impact Statement Verification
“This milestone is more than just a regulatory checkbox,” continued Selby. “It is another step
forward in the journey for the Crawford Nickel Sulphide Project from exploration to production.
It is a testament to our team’s efforts that this has been the only mining project in Canada to
reach this stage under the 2019 Impact Assessment Act.”
Canada Nickel appreciates the engagement of all participants in this process and looks forward to
addressing input received during the public comment period.
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 trademar k 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 politi cal risk jurisdictions. Canada Nickel is currently
anchored by its 100% owned flagship Crawford Nickel Sulphide Project in the heart of the prolific
Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com
About the Impact Assessment Agency of Canada
The Impact Assessment Agency of Canada (IAAC) is a federal body responsible for conducting
high-quality impact assessments of major projects, considering both environmental and socio -
economic factors. Operating under the Impact Assessment Act, the IAAC engages with Indigenous
communities, the public, and various stakeholders to ensure informed decision -making that
promotes sustainable development across Canada.
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, the receipt and timing of all regulatory approvals, the construction of processing
facilities, the ability of the Company to deliver nickel required to feed the high growth electric
vehicle and stainless-steel markets, and the development of processes to allow the production of
net zero carbon nickel, cobalt, and iron products. Readers should not place undue reliance on
forward looking statements. Forward -looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements
of Canada Nickel to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. There are no assurances that Crawford
will be placed into production. Factors that could affect the outco me include, among others:
inability to repay the loan or comply with the covenants set out in the loan agreement; the actual
results of development activities; project delays; inability to raise the funds necessary to complete
development; general business, economic, competitive, political and social uncertainties; future
prices of metals or project costs could differ substantially and make any commercialization
uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery;
conclusions of economic evaluations; changes in applicable laws; changes in project parameters
as plans continue to be refined; accidents, labour disputes, the availability and productivity of
skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or
war; delays in obtaining governmental approvals, necessary permitting or in the completion of
development or construction activities; mineral resource estimates relating to Crawford could
prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may
be required to advance to the feasibility stage; and even if Crawford goes into production, there
is no assurance that operations will be profitable. Although Canada Nickel has attempted to
identify important factors that could cause actual actions, events or results to differ materially
from those described in forward -looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news release and Canada Nickel
disclaims any obligation to update any forward looking statements, whether as a result of new
information, future events or resul ts or otherwise, except as required by applicable securities
laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.