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Canada Nickel Company Inc
Symbol CNC
Shares Issued 244,639,171
Close 2026-07-30 C$ 1.58
Market Cap C$ 386,529,890
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Globe says Canada Nickel mine gets Ottawa's nod

2026-07-31 07:05 ET - In the News

The Globe and Mail report in its Friday, July 31, edition that sources say Ottawa has approved Canada Nickel's new nickel mine in Northern Ontario, part of Canada's strategy to accelerate resource projects amid the economic impact of President Donald Trump's trade war. The Globe's Niall McGee writes that Ottawa referred Canada Nickel's Crawford mine to its Major Projects Office for fast-tracking last November, and the Ontario government designated it as part of its regulatory streamlining process earlier this year. Crawford, located north of Timmins in Northeastern Ontario, contains the world's second-largest nickel reserve and is expected to be the biggest nickel mine in the Western world once it is built. Crawford will be the first mining project approved under the federal Impact Assessment Act since it was enacted in 2019. Sources say the approval will be formally announced by Ottawa on Friday. Prim Minister Mark Carney's office said last year the mine will attract $5-billion in investment and create thousands of new careers. The Crawford approval is a key milestone for Canada Nickel, but challenges remain, such as securing multibillion-dollar financing and announcing a decision to forge ahead on construction.

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