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Canada Nickel Crawford Nickel Project Begins Work on Its Impact Assessment Phase

Apr 5, 2023

In late February, the Impact Assessment Agency of Canada held public meetings in Timmins for comments and feedbacks from the public on Canada Nickel’s terms of reference for conducting their Impact Assessment. The public further had 30 days from the time of the public meetings to submit written comments and  recommendations on the proposed terms of references for the impact studies.

"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  Mark Selby, Chair & CEO of Canada Nickel. “As we continue our rapid progression through project permitting, Canada Nickel remains committed to ensuring thorough, meaningful baseline assessments, impact analysis, and engagement."

The Impact Assessment Terms of References were accepted by the IAAC and Canadian Environment Minister Stephane Guilbeault. 

The Impact Assessment process is a planning and decision-making tool used by regulators, Indigenous communities, the public, stakeholders, and proponents to emphasize the positive and resolve or mitigate the negative impacts of a proposed major project, and to ensure that the development of the project is in the public's best interest. 

The Impact Statement Phase, the second phase of the process, culminates with the proponent's submission of the Impact Statement, a detailed technical document that identifies and assesses the potential impacts of a project and the measures proposed to mitigate those effects.

Canada Nickel 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 has successfully registered and applied for trademarks in various jurisdictions for NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ 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 and cobalt in low political risk jurisdictions. Canada Nickel’s flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. 

In another move to prepare Canada Nickel for developing the Crawford Nickel Deposit, the company announced that they have appointed Cutfield Freeman & Co.)as project debt advisors and changes to the Canada Nickel Board of Directors.

"I am very pleased that we have engaged Cutfield Freeman, a leading global mining advisory firm, as project debt advisors. 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,” Selby said.

Selby, who had been both Chair and CEO of Canada Nickel, also announced that David Smith, formerly of Agnico Eagle would be succeeding him as Chairman of Canada Nickel, leaving Selby to focus on his CEO duties and responsibilities.

“I am pleased to announce that David Smith, a current member of our Board, will be assuming the role of Chairman, previously held by me. The splitting of the CEO and Chairman roles aligns with best corporate governance practices and is expected to become effective on April 7, 2023,” Selby said. 

“David, currently is the EVP Finance and CFO at Agnico Eagle Mines Limited, has held several senior positions over the last 18 years as Agnico Eagle grew to become one of the leading global gold companies." 

“He recently announced his retirement of April 30 from Agnico Eagle, and I look forward to working closely with David to help Canada Nickel become one of the leading global nickel companies,” added Selby.

For further information, please contact:

Mark Selby,
Chair and CEO 
Phone: 647 256-1954 
Email: info@canadanickel.com


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