Ontario to prioritize Canada Nickel's flagship project

The Government of Ontario has highlighted the Crawford nickel-sulphide project near Timmins, owned by Canada Nickel Company (TSXV:CNC), as strategic to its 'priority nation building initiatives,' according to Monday's news release
The project houses the second-largest nickel resource and reserve in the world
Canada Nickel is exploring and developing nickel-sulphide projects to supply the electric vehicle and stainless-steel markets
Canada Nickel stock has given back 24.81 per cent year-over-year but remains up by 11.11 per cent since 2020
The Government of Ontario has highlighted the Crawford nickel-sulphide project near Timmins, owned by Canada Nickel Company (TSXV:CNC), as strategic to its 'priority nation building initiatives,' according to Monday's news release.
The announcement was delivered in an open letter on June 5 by Canada's Minister of Energy and Natural Resources, and Ontario's Ministers of Energy and Mines, Natural Resources, and Indigenous Affairs and First Nations Economic Reconciliation.
Crawford houses the second-largest nickel resource and reserve in the world – 6 million tons (Mt) measured and indicated and 3.7Mt inferred – with a final construction decision expected by year-end and initial production slated for sometime in 2027. The project is backed by a 2023 bankable feasibility study detailing a US$2.5 billion net present value and production of 1.6 million tons (Mt) of nickel, 58 Mt of iron and 2.8 Mt of chrome over a 41-year project life. Canada Nickel's proprietary carbon capture technology is expected to make Crawford one of Canada's largest carbon storage facilities.
The project joins four other highlighted critical minerals projects suitable for near-term development, including Generation Mining's Marathon copper-palladium project. Leadership insights
'We are encouraged and deeply appreciative of the Government of Ontario advancing the critical minerals agenda and recognizing the strategic importance of the Crawford project,' Mark Selby, Canada Nickel Company's chief executive officer, said in a statement. 'With aligned federal and provincial support, our experienced management team can continue to advance development of Crawford as an important secure, domestic supply of critical minerals – nickel, cobalt and North America's only domestic source of chromium—while advancing strong Indigenous partnerships and delivering on Canada's clean energy and climate ambitions.' About Canada Nickel Company
Canada Nickel is exploring and developing nickel-sulphide projects to supply the electric vehicle and stainless-steel markets. According to the company's investor presentation for May 2025, it intends to establish eight new nickel resources by mid 2025.
Canada Nickel stock (TSXV:CNC) last traded at C$1. The stock has given back 24.81 per cent year-over-year but remains up by 11.11 per cent since 2020.
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a day ago

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Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The answer, potentially, is the waste of mega-billions of public dollars on projects that are so poorly administered, some may never be completed. The issue isn't the policies themselves. Carney's Liberals and the official opposition Conservatives agree with streamlining the process for green-lighting projects such as pipelines, mines and other forms of energy infrastructure, if they are endorsed by the province and Indigenous groups where they occur. That was evidenced by their rapid approval of Bill C-5, the One Canadian Economy Act on Friday, before Parliament adjourned for the summer. Liberals and Conservatives passed the legislation intended to boost the Canadian economy given the damage caused by President Donald Trump's tariff war and the fact the U.S. is no longer a reliable trading partner or ally of Canada. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The legislation is now headed to the Senate, scheduled to sit until June 27, for final approval before Canada Day on July 1. Read More But recent reports by Parliament's two financial watchdogs of government spending – Auditor General Karen Hogan and Parliamentary Budget Officer Yves Giroux – suggest there are major concerns about how these projects will be approved. Hogan reviewed the Liberal government's approval of the notorious ArriveCan app that was supposed to cost $80,000 and ended up costing about $60 million, as well as 106 other professional services contracts awarded by 31 federal departments and agencies and one Crown corporation to IT staffing firm GCStrategies Inc. from 2015 to 2024. This advertisement has not loaded yet, but your article continues below. They totalled up to $92.7 million – of which, $64.5 million was paid out. 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'There is no commonly accepted definition of what is defined as 'operating' or 'non-operating capital' spending,' Giroux wrote, meaning he 'is unable to assess whether the government's recent policy initiatives presented in Parliament … are consistent with achieving its new fiscal objective … This means the government could achieve its fiscal objective and yet be fiscally unsustainable.' Unless the federal government addresses the concerns of the auditor general and parliamentary budget officer, expect for more billion-dollar boondoggles of the type we've seen so often in the past. lgoldstein@ Columnists Toronto & GTA Columnists Toronto & GTA Sunshine Girls