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Canada Nickel Company
(OTC: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 | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
| -10.12M | -13.97M | -10.63M | -9.29M | -7.85M | -6.26M | EBITDA |
| -2.34M | -13.85M | -10.51M | -2.39M | -6.38M | -3.08M | Net Income Common Stockholders |
| -2.04M | -3.22M | -14.22M | -5.54M | -6.38M | -1.49M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.99M | 4.66M | 14.43M | 13.01M | 3.33M | 11.17M | Total Assets |
| 265.90M | 264.55M | 183.07M | 144.31M | 55.25M | 33.15M | Total Debt |
| 23.65M | 21.61M | 16.88M | 13.29M | 0.00 | 0.00 | Net Debt |
| 20.67M | 16.96M | 2.44M | 282.05K | -3.33M | -11.17M | Total Liabilities |
| 59.01M | 59.18M | 27.03M | 25.49M | 7.95M | 1.76M | Stockholders Equity |
| 206.90M | 205.38M | 156.04M | 118.83M | 47.30M | 31.39M |
| Cash Flow | Free Cash Flow | ||||
| -19.66M | -15.08M | -7.51M | -2.10M | -6.71M | -14.99M | Operating Cash Flow |
| -7.85M | -14.84M | -7.39M | -1.87M | -6.30M | -4.28M | Investing Cash Flow |
| -62.87M | -56.91M | -37.37M | -49.51M | -19.84M | -10.87M | Financing Cash Flow |
| 31.02M | 61.97M | 46.19M | 61.06M | 18.30M | 26.32M |
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 |
|---|---|---|---|---|---|---|---|
54 Neutral | $175.21M | ― | -0.58% | ― | ― | 91.44% | |
50 Neutral | $1.98B | -1.07 | -21.34% | 3.71% | 2.03% | -30.65% | |
40 Underperform | C$74.01M | ― | -4.19% | ― | ― | 48.82% | |
37 Underperform | C$18.99M | ― | -22.48% | ― | ― | 6.12% | |
| $34.90M | ― | -271.21% | ― | ― | ― | ||
| $10.12M | ― | -53.94% | ― | ― | ― | ||
39 Underperform | C$19.27M | ― | -139.32% | ― | ― | 51.18% |
Canada Nickel Company Corporate Events
Canada Nickel Company has extended the repayment date of its US$15 million loan facility with Auramet International, Inc. to July 25, 2025, allowing the company to pursue strategic financing initiatives, including an investment from Taykwa Tagamou Nation. This extension, which includes a fee waiver if repaid by May 9, 2025, provides Canada Nickel with the financial flexibility to enhance its operations and strengthen its position in the nickel market.
Spark’s Take on TSE:CNC Stock
According to Spark, TipRanks’ AI Analyst, TSE:CNC is a Neutral.
Canada Nickel Company exhibits a solid strategic position with positive corporate developments and a strong balance sheet, yet faces significant financial challenges due to its pre-revenue status. Technical indicators and valuation metrics present a mixed picture, resulting in a moderate stock score.
To see Spark’s full report on TSE:CNC stock, click here.
Canada Nickel Company has welcomed the Ontario government’s proposed legislation aimed at reducing red tape and accelerating the development of critical mineral projects. This initiative is expected to enhance the company’s Crawford Nickel Sulphide Project by improving permitting timelines and regulatory efficiency, supporting Ontario’s leadership in clean and secure critical mineral supply, and strengthening North America’s supply chain resilience.
Spark’s Take on TSE:CNC Stock
According to Spark, TipRanks’ AI Analyst, TSE:CNC is a Neutral.
Canada Nickel Company shows potential through its solid balance sheet and strategic initiatives, despite current financial underperformance typical of pre-revenue exploration companies. The positive corporate events and upward technical signals provide optimism. However, the lack of earnings and cash flow challenges highlight risks, resulting in a moderate overall stock score.
To see Spark’s full report on TSE:CNC stock, click here.
Canada Nickel Company has announced the nomination of Jackie Przybylowski to its Board of Directors, highlighting her extensive experience in the metals and mining industry. Her appointment is expected to bring valuable insights as the company progresses towards a construction decision on its Crawford Nickel Sulphide project by the end of 2025, reinforcing its goal to become a leading global nickel company.
Canada Nickel Company has announced the formation of a new subsidiary, RoyaltyCo, in partnership with Edmiston Drive Capital Corp. (EDCC). This new entity will hold net smelter return royalties on Canada Nickel’s regional exploration properties in the Timmins Nickel District, excluding certain projects. The transaction, which involves Canada Nickel receiving $8 million in cash and 8.9 million shares of EDCC, is expected to close by April 30, 2025. This move is part of Canada Nickel’s strategy to unlock value while minimizing equity dilution for its shareholders, and it positions the company to potentially become one of the world’s largest nickel sulphide resource holders. The board of the new entity will include directors from both companies and independent members, and the transaction is subject to regulatory approvals.
Canada Nickel Company has extended the repayment date of a US$15 million loan with Auramet International to April 25, 2025, allowing it to pursue strategic financing initiatives. This extension, which incurs a fee and an interest rate of 1.25% per month, provides the company with additional time to strengthen its financial position and continue its focus on nickel production for high-growth markets.
Canada Nickel Company has announced successful exploration results from its ‘Three Giants’ projects: Reid, Mann West, and Midlothian. The drilling results indicate high-grade nickel intervals, particularly at Mann West, and demonstrate the large-scale potential of the Timmins Nickel District. The company plans to publish additional resources by mid-2025, highlighting the vast nickel resources within the district.
Canada Nickel Company has signed a significant agreement with the Mattagami, Matachewan, and Flying Post First Nations regarding the advancement of the Crawford Nickel Sulphide Project. This agreement lays the groundwork for business and employment opportunities, emphasizing collaboration with First Nations and prioritizing their businesses in key infrastructure projects. The initiatives, scheduled from 2025 to 2029, include constructing a railway line and relocating a highway, aiming to foster economic development and support regional growth.
Canada Nickel Company has successfully completed the Front End Engineering Design for its Crawford Project, resulting in a significant improvement in the project’s Net Present Value (NPV) by over $300 million to $2.8 billion and an increase in the Internal Rate of Return (IRR) to 17.6%. Despite industry-wide cost inflation, the company managed to limit the initial capital cost increase to 5%, demonstrating the project’s robustness. The resequencing of the mine plan and updated operating costs have further enhanced the project’s economics. With these advancements, Canada Nickel is working with financial partners to secure funding, aiming to make a construction decision by year-end once permits are obtained.
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.
Canada Nickel Company Inc. announced an extension of the closing date for a $20 million Convertible Note with Taykwa Tagamou Nation. This partnership is seen as a significant step towards sustainable development and community well-being, with implications for future growth in environmentally responsible nickel production.
Canada Nickel Company has secured a $3.4 million federal contribution to advance its innovative In-Process Tailings (IPT) Carbonation process. This technology aims to transform nickel mining tailings into a permanent carbon storage solution, positioning the Crawford Nickel Sulphide Project as a leader in sustainable mining. The funding from the Government of Canada underscores the project’s alignment with national goals for carbon capture and storage, potentially sequestering up to 1.5 million tonnes of CO2 annually at peak production, contributing significantly to environmental stewardship and sustainable resource development.
Canada Nickel Company has filed an independent technical report for its Reid Nickel Sulphide Project, confirming no material differences from previous announcements. The project is part of the company’s strategic development in the Timmins Nickel District, showcasing a significantly larger resource than its Crawford Project, which positions Canada Nickel as a potential leader in the nickel industry.