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Canada Nickel Company ( (TSE:CNC) ) has provided an announcement.
Canada Nickel Company has completed a definitive agreement with Noble Mineral Exploration Inc. to consolidate their joint venture in Mann Township and other projects east of Timmins into a new private company, East Timmins Nickel Ltd. This strategic move, where Canada Nickel owns 80% and Noble 20%, aims to strengthen their exploration efforts and streamline operations, pending final approval from the TSX Venture Exchange.
More about Canada Nickel Company
Canada Nickel Company Inc. is focused on advancing nickel-sulphide projects to meet the demand for nickel in the electric vehicle and stainless-steel markets. The company is working on producing net zero carbon nickel, cobalt, and iron products and operates in low political risk jurisdictions, with its flagship project being the Crawford Nickel-Cobalt Sulphide Project in Timmins-Cochrane mining camp.
YTD Price Performance: -15.89%
Average Trading Volume: 21,103
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $99.52M
For detailed information about CNC stock, go to TipRanks’ Stock Analysis page.