Canada Nickel Commences Preliminary Economic Assessment for Crawford Nickel-Cobalt Sulphide Project and Appoints Project Director
Canada Nickel Commences Preliminary Economic Assessment for
Crawford Nickel-Cobalt Sulphide Project and Appoints Project Director
TORONTO
,
June 9, 2020
/CNW/ - Canada Nickel Company Inc. (TSXV: CNC) ("
Canada Nickel
" or "
the
Company
") today announced it has commenced the
Preliminary Economic Assessment (PEA) for the Crawford Nickel-Cobalt Sulphide Project ("Crawford") and has retained Ausenco Engineering Canada Inc.
("Ausenco") as the lead study consultant.
Canada Nickel also appointed Mr.
Christian Brousseau
, P.Eng., to the Canada Nickel team as the Project Director for Crawford. Reporting to the Chair and CEO,
Mr. Brousseau will have overall responsibility for the PEA as well as the execution plan, engineering, and construction of Crawford. Mr. Brousseau is a licenced
engineer in the Ordre des ingénieurs du Québec with a mechanical engineering degree from École Polytechnique de Montréal and an MBA from the Université du
Québec en Abitibi-Témiscamingue.
"I am very pleased to announce these appointments and to be working again with Ausenco and Christian, who bring extensive experience from their work on the
Dumont Nickel-Cobalt project and other large scale open pit mine-mill operations. We remain committed to aggressively advancing Crawford, one of the leading
next generation nickel-cobalt sulphide and palladium projects, and these appointments will help us maintain the momentum we have generated to date," said
Mark
Selby
, Chairman and CEO, Canada Nickel.
The Crawford PEA is scheduled for completion by the end of 2020.
Ausenco is a global diversified engineering, construction and project management company providing consulting, project delivery and asset management solutions
to the resources, energy and infrastructure sectors. Ausenco's experience in mining projects ranges from conceptual, pre-feasibility and feasibility studies for new
project developments to project execution with EPCM and EPC delivery. Their involvement in the study and execution of projects similar to Crawford will be
invaluable in driving optimized value enhancing outcomes for the shareholders of Canada Nickel.
Mr. Brousseau has over 20 years of experience with engineering, design and construction in the Canadian mining industry, including previously being the Project
Director for the Dumont nickel project with RNC Minerals. He previously held various engineer and construction management positions with Detour Gold and
Goldcorp. Mr. Brousseau also spent eight years at
Falconbridge
supervising and managing various capital projects at
Sudbury
,
Raglan
, Kidd Creek and the Horne
Smelter.
Market Making Services
Canada Nickel has, subject to regulatory approval, retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to provide assistance in
maintaining an orderly trading market for the common shares of the Company. The market-making service will be undertaken by VLP through a registered broker,
W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the corporation has
agreed to pay VLP
$5,000
per month for a period of 12 months. The agreement may be terminated at any time by the corporation or VLP. The corporation and
VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. The finances and the shares required for the
market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.
VLP is a specialized consulting firm based in
Toronto
providing a variety of services focused on TSX-V-listed issuers.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth
electric vehicle and stainless steel markets. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions in a geopolitically
stable jurisdiction 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.
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 preparation of the preliminary economic study and other technical studies relating to the Crawford Nickel-Cobalt
Sulphide Project, the potential of the Crawford Nickel-Cobalt Sulphide Project, strategic plans, including future exploration and development results, and corporate
and technical objectives. Forward-looking information is necessarily based upon a number of 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, and 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 as a result of new information, future events or otherwise, except as required by law.
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http://www.prnewswire.com/news-releases/canada-nickel-commences-preliminary-economic-assessment-for-crawford-nickel-cobalt-sulphide-project-and-appoints-project-director-301072456.html
SOURCE
Canada Nickel Company Inc.
View original content:
http://www.newswire.ca/en/releases/archive/June2020/09/c4212.html
%SEDAR: 00048733E
For further information:
Mark Selby, Chair and CEO, Phone: 647-256-1954, email: [email protected]
CO: Canada Nickel Company Inc.
CNW 06:00e 09-JUN-20