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Canada Nickel Signs Definitive Agreements For Creation of ExploreCo and Consolidation of Crawford Surface Rights
Canada Nickel Signs Definitive Agreements For Creation of ExploreCo and Consolidation of Crawford...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n\n\n\n Canada Nickel Signs Definitive Agreements For Creation of ExploreCo and Consolidation of Crawford Surface Rights\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Jan. 7, 2025\n \n\n /CNW/ -\n \n Canada Nickel Company Inc. (\"Canada Nickel\"\n \n or the\n \n \"Company\")\n \n (TSXV: CNC) (OTCQB: CNIKF) is pleased to announce the signing of two definitive agreements on\n \n January 6, 2025\n \n – the previously announced transaction with Noble Mineral Exploration (\"Noble\")  (see\n \n July 8, 2024\n \n news release) and a definitive agreement with the primary surface rights holder (\"Surface Rights Holder\") in Crawford and surrounding townships to secure access to 32,000 acres of surface rights required to build the Crawford Nickel Sulphide project (\"Crawford\").\n \n\n\n\n\n\n\n\n\n\n Mark Selby\n \n , CEO said, \"Today's announcements secure access to 32,000 acres of surface rights and is another critical step for the Company as we complete our permitting and move toward a construction decision on Crawford in 2025. As part of the surface rights agreement, the Company will transfer 47,750 acres of mining rights in Kingsmill and Mabee townships—where no known exploration targets exist—to the Surface Rights Holder. This transfer aims to create future certainty over a substantial area of land, facilitating the effective development of sustainable forestry and wildlife habitat preservation. We are proud of our progress in unlocking the potential of the Crawford project and the Timmins Nickel District, building a future that benefits the environment and supports future generations.\"\n \n\n\n ExploreCo Subsidiary Formation and Consolidation Transaction\n \n\n\n Per the prior news release on\n \n July 8, 2024\n \n , Canada Nickel and Noble have now entered into a definitive agreement whereby Canada Nickel and Noble will contribute certain mining properties, including the existing Mann joint venture, into a new private company (\"ExploreCo\") to consolidate their respective int...