Interview with Mark Selby, CEO of Canada Nickel
Our previous interview: [ Ссылка ]
Recording date: 5th March 2024
Canada Nickel (CNC) is emerging as a premier investment opportunity in the rapidly growing electric vehicle (EV) supply chain. The company's flagship Crawford project in Ontario hosts the world's second-largest nickel sulfide resource and is on track to commence its first production by 2027.
CNC has earned the backing of mining giants Anglo American and Agnico Eagle, as well as EV battery leader Samsung SDI. These industry heavyweights provide not only capital, but also invaluable technical, operational, and marketing expertise to de-risk and optimize Crawford.
The Ontario and Canadian federal governments have also thrown their full support behind CNC, recognizing the viral role domestic critical mineral supply chains will play in the energy transition. With billions in government funding set to be deployed starting in mid-2024, CNC is well-positioned to access non-dilutive financing for Crawford and its newly established downstream processing business.
While Crawford alone positions CNC as a globally significant nickel producer, the exploration upside across its Timmins properties is equally compelling. The company has identified seven additional targets with a combined footprint 10 times larger than Crawford's. By early 2025, CNC plans to publish maiden resources on these prospects which could vault it into the ranks of the world's largest nickel developers.
Underpinning CNC's ambitious growth plans is the exponential demand growth expected for battery-grade nickel as EV adoption accelerates. Automakers and cell manufacturers are scrambling to lock in long-term supplies of responsibly sourced critical minerals. CNC's commitment to net zero emissions and strategic location in the mining-friendly jurisdiction of Canada make it a highly attractive partner.
The company is not content to simply be a miner, however. Its newly established downstream processing unit, led by a team of industry veterans, aims to capture additional margin and qualify for generous government incentives by supplying battery-grade nickel directly to customers.
For investors, CNC offers a unique combination of world-class assets, unparalleled exploration upside, strategic industry, government partnerships, and leverage to the EV supercycle. With the Crawford project approaching construction and a potential stream of new discoveries on the horizon, CNC appears poised to create substantial shareholder value in the years ahead as it cements its position as the go-to supplier of clean, zero-carbon nickel.
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