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Canada Nickel Company
(CNC)
Canada Nickel Company (CNC) vs. iShares MSCI Canada ETF (EWC)
Canada Nickel Company Business Overview & Revenue Model
Canada Nickel Company Financial Statement Overview
| Breakdown | Oct 2025 | Jan 2025 | Jan 2024 | Jan 2023 | Oct 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -14.93M | -13.85M | -10.51M | -2.39M | -6.38M |
| Net Income | -26.21M | -3.22M | -14.22M | -5.54M | -6.38M |
Balance Sheet | |||||
| Total Assets | 284.23M | 264.55M | 183.07M | 144.31M | 55.25M |
| Cash, Cash Equivalents and Short-Term Investments | 1.63M | 4.66M | 14.43M | 13.01M | 3.33M |
| Total Debt | 41.40M | 21.61M | 16.88M | 13.29M | 0.00 |
| Total Liabilities | 60.31M | 59.18M | 27.03M | 25.49M | 7.95M |
| Stockholders Equity | 221.41M | 205.38M | 156.04M | 118.83M | 47.30M |
Cash Flow | |||||
| Free Cash Flow | -5.13M | -15.08M | -7.51M | -2.10M | -6.71M |
| Operating Cash Flow | -4.99M | -14.84M | -7.39M | -1.87M | -6.30M |
| Investing Cash Flow | -45.53M | -56.91M | -37.37M | -49.51M | -19.84M |
| Financing Cash Flow | 47.50M | 61.97M | 46.19M | 61.06M | 18.30M |
Canada Nickel Company Technical Analysis
Canada Nickel Company Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$188.80M | -42.86 | -6.27% | ― | ― | -60.92% | |
51 Neutral | C$95.55M | -15.24 | -5.33% | ― | ― | 16.24% | |
46 Neutral | C$475.28M | -14.80 | -7.85% | ― | ― | -51.28% | |
46 Neutral | C$41.92M | -51.61 | -7.40% | ― | ― | 74.27% | |
43 Neutral | C$19.31M | -10.82 | ― | ― | ― | 37.82% | |
43 Neutral | C$25.76M | -6.60 | -150.61% | ― | ― | 10.17% |
Canada Nickel Company Corporate Events
Canada Nickel Company has filed an independent NI 43-101 technical report on SEDAR+ supporting the initial mineral resource estimate for its 100% owned Reid Nickel Sulphide Project near Timmins, Ontario. The report, prepared by Caracle Creek International Consulting and effective January 7, 2026, confirms there are no material changes from the resource figures the company disclosed in January.
The filing formalizes the updated resource estimate for the Reid Ni-Co-Cr-PGE deposit, strengthening the technical foundation of a project that forms part of Canada Nickel’s broader Timmins-area growth strategy. By advancing Reid alongside its flagship Crawford project, the company is reinforcing its position as a potential key supplier of low-carbon nickel and related metals to EV and stainless-steel supply chains in a low political risk jurisdiction.
The most recent analyst rating on (TSE:CNC) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel has reported mineralogical and metallurgical results from its wholly owned Midlothian project in Ontario, confirming that 79% of the deposit’s nickel is contained in awaruite, a high-grade nickel-iron alloy. The project hosts an inferred resource of 590 million tonnes at 0.28% nickel, giving it the highest average nickel grade in the company’s portfolio and total nickel grades more than 30% higher than other leading awaruite deposits.
Composite samples from Midlothian returned Davis Tube Recoverable nickel grades of 0.12% to 0.15%, comparable with other awaruite operations and achieved at a coarser grind, suggesting potential for even better recoveries with further optimization. The deposit also shows an average brucite content of 5.6%, more than double that of the company’s Crawford project, underscoring meaningful carbon sequestration potential and reinforcing Midlothian’s emerging role as a key asset in Canada Nickel’s growing Timmins-area portfolio.
The most recent analyst rating on (TSE:CNC) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company has secured a US$32 million bridge loan facility from Auramet International, a major precious metals merchant, to advance its flagship Crawford Nickel Sulphide Project and refinance an existing loan. The facility, due in May 2026, carries a 1% monthly interest rate, a 2.5% arrangement fee and includes issuance of 1,750,000 one-year warrants to Auramet, underscoring ongoing financial backing for the project’s development and the company’s efforts to strengthen its funding structure.
Auramet’s involvement brings a well-capitalized, metals-focused lender with extensive sector experience into Canada Nickel’s capital structure, potentially enhancing market confidence in the Crawford project. The transaction illustrates continued access to specialized project finance for battery metals developers, which may be significant for stakeholders watching the company’s ability to progress its low-carbon nickel ambitions amid volatile commodity and capital markets.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company has secured a US$32 million bridge loan facility from Auramet International, Inc., with closing expected on or before February 9, 2026, to fund advancement of its Crawford Nickel Sulphide Project and repay an existing loan with Ber Tov Capital. The facility, maturing May 9, 2026, carries interest of 1% per month, a 2.5% arrangement fee, and includes 1,750,000 one-year warrants for Auramet, and is subject to TSX Venture Exchange approval and customary conditions; management says the financing strengthens the company’s capital position as it works toward a targeted construction start for Crawford by the end of 2026 and continues funding discussions with government and project partners.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company has filed NI 43-101-compliant independent technical reports on SEDAR+ supporting the initial mineral resource estimates for its 100%-owned Midlothian and Bannockburn nickel sulphide projects near Timmins, Ontario, with no material changes from results previously disclosed in December 2025. The company also amended its option agreement on the Midlothian property, issuing 27,400 common shares to defer a $200,000 cash payment, a step that further secures its interest in the project and underpins its broader strategy to build a pipeline of nickel sulphide assets to support future low-carbon metal production.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company has appointed Ausenco Engineering Canada as lead engineering consultant to begin detailed engineering for the process plant and supporting infrastructure at its Crawford Nickel Sulphide Project, as the company targets starting construction by year-end. The move formalizes a long-standing collaboration between the two firms, leveraging Ausenco’s previous work on the project from preliminary assessment through feasibility and front-end engineering, and is positioned as a key step in de-risking and advancing what executives describe as a nation-building, large-scale sulphide processing operation in Ontario, potentially strengthening Canada Nickel’s role as a future supplier of critical battery metals.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
The Province of Ontario has designated Canada Nickel’s Crawford Nickel Project as the second development to proceed under its new One Project, One Process framework, which is intended to streamline and better coordinate permitting and review for major mining projects across provincial ministries. The designation, combined with Crawford’s status as the first mining project to submit an Impact Statement under Canada’s updated Impact Assessment Act and its referral to the federal Major Projects Office, reinforces the project’s strategic importance to Ontario’s critical minerals strategy and sets a clearer path to accelerated yet regulated development. Canada Nickel and the province emphasize that the framework will enhance government efficiency without weakening commitments to Indigenous consultation, environmental stewardship or regulatory standards. Positioned to be the largest nickel sulphide project in the western world, Crawford is projected to generate more than $70 billion in GDP over a 40-plus-year mine life, create thousands of direct and indirect jobs, and leverage proprietary tailings carbonation technology to permanently store significant amounts of CO₂, supporting the company’s ambition to build one of the world’s first net-zero carbon nickel mines and a low-carbon mining and metals corridor in Northeastern Ontario.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel has announced a substantial upgrade to the mineral resource estimate at its 100%-owned Reid Nickel Sulphide Project near Timmins, Ontario, confirming it as one of the world’s largest nickel sulphide deposits and further cementing the scale of its Timmins Nickel District portfolio. Measured and indicated resources at Reid have risen 46% to 2.1 million tonnes of contained nickel (0.87 billion tonnes at 0.23% Ni), while inferred resources have increased 47% to 3.2 million tonnes of contained nickel (1.45 billion tonnes at 0.22% Ni), with a higher-grade core and an additional exploration target of 0.5–1.4 billion tonnes. Management highlights that Reid offers operational advantages over the flagship Crawford project—such as roughly half the strip ratio, less overburden and higher chromium grades—while more than 40% of the geophysical target remains unexplored and the deposit is open in multiple directions. Combined with eight defined deposits now totaling 10.1 million tonnes of measured and indicated and 12.5 million tonnes of inferred contained nickel across the district, the updated Reid estimate strengthens Canada Nickel’s long-term growth prospects and underscores the Timmins Nickel District’s potential as a large-scale, tier-one nickel camp.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company has granted a broad package of share-based and cash-settled incentives to directors, officers and employees tied to performance in the 2025 fiscal year, including 1.9 million stock options, 1.9 million restricted share units, 1.9 million performance-based cash-settled RSUs and 750,000 deferred share units. The awards, which feature multi-year vesting schedules and link a significant portion of compensation to a construction decision on the flagship Crawford Project and certain market conditions, are aimed at aligning management and staff with long-term shareholder value and the successful advancement of the company’s core nickel-cobalt development strategy.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company has released initial mineral resource estimates for its Midlothian and Bannockburn nickel sulphide projects in Ontario, further expanding the scale of its Timmins Nickel District holdings. Midlothian delivered an Inferred Resource of 595 million tonnes grading 0.28% nickel, representing the company’s highest average nickel grade to date in the district and covering only about 45% of the target geophysical footprint, with additional exploration potential identified. At Bannockburn, the company outlined 63 million tonnes of Indicated Resources at 0.28% nickel and 129 million tonnes of Inferred Resources at 0.27% nickel. With these additions, Canada Nickel now reports eight deposits in the Timmins area totaling 3.98 billion tonnes of Measured & Indicated resources and 4.95 billion tonnes of Inferred resources, containing an estimated 20.9 million tonnes of nickel metal, underscoring the district’s growing scale and its potential strategic importance relative to established nickel camps such as Sudbury.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company Inc. has successfully closed a bought deal private placement, raising C$15 million. The funds will be used to advance the Crawford Nickel Sulphide Project and for general corporate purposes. This move strengthens the company’s financial position and supports its strategic focus on nickel production for high-growth markets.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.