TORONTO, April 8, 2021 /CNW/ - Canada Nickel Company
Inc. ("Canada Nickel" or "the Company") (TSXV: CNC) (OTCQB: CNIKF)
is pleased to announce that it has initiated its Environmental and
Social Impact Assessment (ESIA) for its Crawford Nickel Cobalt
Sulphide project.
"Canada Nickel is rapidly advancing the development of the
Crawford mine to deliver NetZero
Nickel and Cobalt products in a
sustainable, environmentally responsible way. We will be
announcing results from our Preliminary Economic Analysis (PEA)
shortly and expect the feasibility study to be completed by
year-end, therefore we want to begin this critical ESIA work as
quickly as possible," said Mark
Selby, Chair and CEO of Canada Nickel. "Initiating
environmental data acquisition and our social engagement process at
this early stage sends a clear signal of the importance that the
company places in reducing its environmental footprint and building
meaningful and lasting relationships with all project stakeholders.
As we have in each dimension of the project, we are working with
industry leaders Golder and Wood who have a proven track record of
successful project delivery in this region."
The Company has retained Golder, a member of WSP, and Wood
Canada Limited to initiate environmental data collection required
for the ESIA. Canada Nickel has also hired Transfer Environment and
Society (TES), a consulting firm specialized in community
engagement, to support the company in designing and implementing a
rigorous community consultation process.
Both Wood and Golder have an extensive track record in
successfully supporting environmental permitting of mining projects
in Northern Ontario. Wood has been
involved in the environmental approval process of the Borden Gold
Mine, Detour Lake Mine and Rainy River Gold Mine among others,
while Golder have been involved in numerous mine expansion and
approvals projects in Northeastern
Ontario, including the permitting and environmental data
acquisition for the Bradshaw Project and the Magino Project. Both
firms were involved in recently permitted Côté Gold Mine. Detour
Lake Mine and Côté Gold Mine are both located within 175 kilometers
of Timmins and are of a comparable
operating scale currently being contemplated for Crawford. As
part of the Crawford's project team, Wood will be responsible for
biophysical data collection such as hydrological studies and
terrestrial and aquatic habitat characterization. Golder will
support Canada Nickel in designing and implementing the
hydrogeological and the environmental geochemistry programs.
Canada Nickel is fully committed to developing Crawford in
collaboration with local and regional stakeholders. The company
enlisted the services of TES, a pioneer company in the field of
social acceptability of major projects, to support the company to
achieve the highest standards from a stakeholder's engagement
perspective. TES successfully supported the Dumont Nickel Project
in implementing a community consultation and engagement process
still considered as the benchmark in the industry.
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 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 and cobalt 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.
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, 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, failure to obtain regulatory or
shareholder approvals, and the impact of COVID-19 related
disruptions in relation to the Company's business operations
including upon its employees, suppliers, facilities and other
stakeholders. 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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SOURCE Canada Nickel Company Inc.