TORONTO, May 12, 2022
/CNW/ - Canada Nickel Company Inc. ("Canada Nickel" or the
"Company") (TSXV: CNC) (OTCQX: CNIKF) is pleased to
announce submission of the preliminary draft of the Initial
Project Description ("IPD") to the Impact Assessment
Agency of Canada ("the Agency") following the related signing
of ground-breaking Impact Assessment Process Agreements
("Impact Assessment Agreements" or "IA Agreements") with Taykwa
Tagamou Nation, Matachewan First Nation, and Mattagami First
Nation.
Mark Selby, Chair & CEO of
Canada Nickel said, "This is an important first step in the
permitting process for Crawford. Since the founding of the Company,
our approach has been to work with Indigenous communities and local
stakeholders as partners in order to create shared value through
economic opportunities, while also being respectful and responsible
stewards of the natural environment. These ground-breaking Impact
Assessment Agreements foster full participation of Indigenous
Communities in the federal Impact Assessment process for the
development of the Crawford Nickel Project."
"Taykwa Tagamou Nation is proud of the partnership we have with
Canada Nickel. This innovative model of applying Traditional
Knowledge through a land use study enables our community to both
understand the project's impacts through all stages of its life
cycle, while ensuring that, as the stewards of our Traditional
Territory, development is conducted in an environmentally
sustainable manner", said Chief Bruce
Archibald.
"True Indigenous partnerships, such as ours with Canada Nickel,
provide certainty for proponents, along with economic opportunity
for Northern Ontario and impacted
Indigenous communities," said Deputy Chief Derek Archibald. "With this certainty, Taykwa
Tagamou Nation is meaningfully participating in the project's
economic development from beginning to end".
Chief Chad Boissoneau, of
Mattagami First Nation, commented "Agreements of this nature, built
upon honest and genuine relationships, benefit both the First
Nation and the Proponent. First Nations can fully participate in
the Impact Assessment of a major project on our Traditional Land,
while supporting Canada Nickel in making properly informed,
sustainable, and respectful decisions about a project that stands
to be of great benefit to our community."
An Important Step for the Crawford
Nickel Project
The submission of the preliminary draft of the IPD to the Agency
initiates a precursory review period of the document. This review
period, coinciding with Canada Nickel's independent Indigenous and
public consultation program for the IPD, will enable Canada Nickel
to integrate feedback from both the Agency's review and Canada
Nickel's engagement activities into the final draft of the IPD,
expected to be formally submitted in summer 2022.
The Impact Assessment process is a planning and
decision-making tool used by regulators, Indigenous communities,
the general public, stakeholders, and proponents to emphasize the
positive benefits and resolve or mitigate the potential impacts of
a proposed major project. The IPD is a key phase in the early
planning and development of a modern mining project.
Impact Assessment Process
Agreements
The signing and implementation of the IA Agreements further
validates the meaningful and productive relationships developed
between Canada Nickel and Taykwa Tagamou Nation, Matachewan First
Nation, and Mattagami First Nation, and serves as tangible evidence
of Canada Nickel's intention around full integration of Indigenous
communities into the development of the Crawford Nickel
Project.
The IA Agreements are intended to foster full participation of
Indigenous communities in the federal Impact Assessment process,
with a focus on community driven completion of Traditional
Knowledge and Land Use and Socio-economic studies. In addition to
outlining effective communication channels and platforms for
meaningful engagement, the IA Agreements facilitate tangible
capacity building within the communities that will extend beyond
the timeline of and activities relating to the Crawford Project and
Canada Nickel, including the hiring and training of a dedicated
Impact Assessment Coordinator and the creation of an Impact
Assessment Coordination Committee, comprised of representative,
interested community members, including youth and elders.
About Canada Nickel
Canada Nickel Company Inc. is advancing the next generation of
nickel-cobalt sulphide projects to deliver nickel and cobalt
required to feed the high growth electric vehicle and
stainless-steel markets. Canada Nickel Company has successfully
registered and applied for trademarks in various jurisdictions for
NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing
the development of processes to allow the production of net zero
carbon nickel, cobalt, and iron products. Canada Nickel provides
investors with leverage to nickel and cobalt in low political risk
jurisdictions. Canada Nickel is currently anchored by its 100%
owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart
of the prolific Timmins-Cochrane mining camp. For more information,
please visit www.canadanickel.com.
For further information, please contact:
Mark Selby, Chair and
CEO
Phone:
647-256-1954
Email:
info@canadanickel.com
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may
constitute "forward-looking information" under applicable Canadian
securities legislation. Forward looking information includes, but
is not limited to, drill results relating to the Crawford Nickel
Sulphide Property, the potential of the Crawford Nickel Sulphide
Property, timing of economic studies and mineral resource
estimates, the ability to sell marketable materials, strategic
plans, including future exploration and development results, and
corporate and technical objectives. Forward-looking information is
necessarily based upon a number of assumptions that, while
considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause the actual results
and future events to differ materially from those expressed or
implied by such forward-looking information. Factors that could
affect the outcome include, among others: future prices and the
supply of metals, the future demand for metals, the results of
drilling, inability to raise the money necessary to incur the
expenditures required to retain and advance the property,
environmental liabilities (known and unknown), general business,
economic, competitive, political and social uncertainties, results
of exploration programs, risks of the mining industry, delays in
obtaining governmental approvals, failure to obtain regulatory or
shareholder approvals, and the impact of COVID-19 related
disruptions in relation to the Company's business operations
including upon its employees, suppliers, facilities and other
stakeholders. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on
forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and
is based upon the opinions and estimates of management and
information available to management as at the date hereof. Canada
Nickel disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/canada-nickel-takes-important-step-in-crawford-nickel-project-permitting-process-301545660.html
SOURCE Canada Nickel Company Inc.