Canada Nickel Company ( (TSE:CNC) ) just unveiled an announcement.
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.
More about Canada Nickel Company
Canada Nickel Company Inc. operates in the mining industry, focusing on the exploration and development of nickel resources. Its primary project is the Crawford Project, which aims to produce nickel, a key component in batteries and stainless steel, positioning the company within the growing demand for electric vehicle and renewable energy sectors.
YTD Price Performance: -6.85%
Average Trading Volume: 19,461
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $112.9M
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