Canada Nickel Welcomes Ontario Legislation Supporting Responsible Critical Mineral Development
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Canada Nickel Welcomes Ontario Legislation
Supporting Responsible Critical Mineral Development
TORONTO, April 23, 2025 – Canada Nickel Company Inc. ("Canada Nickel" or “The Company")
(TSX V:CNC) (OTCQB: CNIKF) welcomed the Ontario government’s introduction of the Protect
Ontario by Unleashing Our Economy Act, 2025, which is intended to reduce red tape and facilitate
more efficient development of critical mineral projects across the province. The proposed
legislation aims to accelerate timelines for project approvals, recognizing the urgent and growing
demand for responsibly sourced strategic minerals —such as nickel—that are essential to North
America’s clean energy transition and future industrial competitiveness.
“We commend the Ontario government for continuing to advance policy tools that support
responsible critical mineral development,” said Mark Selby, CEO of Canada Nickel. “At Canada
Nickel, we remain focused on building projects the right way —with a strong emphasis on
environmental stewardship, long-term regional benefits, and maintaining respectful relationships
with Indigenous Nations.”
Canada Nickel’s Crawford Nickel Sulphide Project—located just outside of Timmins—is one of the
largest nickel sulphide resources in the world and a key pillar of Ontario’s critical minerals strategy.
The project is expected to deliver significant economic benefits through job creation, local
infrastructure investment, and the long -term supply of low -carbon nickel essential to the clean
energy transition.
“We are encouraged to see permitting timelines and regulatory efficiency become a priority,” said
Pierre-Philippe Dupont, Vice President of Sustainability at Canada Nickel. “Improvements in these
areas will help accelerate development of the Crawford Project and enable us to better align with
Ontario’s goals of becoming a global leader in clean and secure critical mineral supply.”
Canada Nickel also supports the government’s consideration of the Timmins region as a zone of
strategic economic importance. The area is ideally suited to anchor Ontario’s leadership in critical
minerals due to its long -standing mining expertise, experienc ed workforce, established power
and transportation infrastructure, and strong community support. This combination of natural
advantages makes Timmins an ideal hub for investment in clean nickel production, value -added
processing, and downstream manufacturing.
By strengthening Ontario’s competitiveness and capacity to deliver critical minerals, the proposed
legislation supports a more resilient and secure North American supply chain—one that balances
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the need for speed with the imperative for responsible development and Indigenous
engagement.
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 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]
Media, please contact:
Melanie Paradis
President, Texture Communications
Phone: 416-399-7400
Email: [email protected]
Sydney Oakes
Director of Indigenous Relations and Public Affairs, Canada Nickel Company
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
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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, d elays 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 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 managem ent 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. 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.