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Canada Nickel Signs Memorandum of Understanding with Taykwa Tagamou Nation for Mine Fleet Financing for the Crawford Nickel-Cobalt Sulphide Project
Canada Nickel Signs Memorandum of Understanding with Taykwa Tagamou Nation for Mine Fleet...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Signs Memorandum of Understanding with Taykwa Tagamou Nation for Mine Fleet Financing for the Crawford Nickel-Cobalt Sulphide Project\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 TORONTO\n \n ,\n \n April 7, 2021\n \n /CNW/ - Canada Nickel Company Inc. (\"\n \n Canada Nickel\n \n \" or \"\n \n the Company\n \n \") (TSXV: CNC) (OTCQB: CNIKF) is pleased to announce that it has signed a Memorandum of Understanding (\"\n \n MOU\n \n \") with Taykwa Tagamou Nation (\"\n \n TTN\n \n \"), regarding the financing of the Company's expected\n \n Mine Fleet\n \n for the Crawford Nickel Cobalt Sulphide Project (\"\n \n Crawford\n \n \").\n \n \n \n \n \n \n \n \n \n \"\n \n We welcome TTN as our partner in this initiative and acknowledge TTN's ongoing commitment to protect and enhance the land and resource-based economy within their Traditional Territory. Canada Nickel actively looks for ways to increase involvement in Crawford's development from the local Indigenous communities through innovative partnerships that provide opportunities for mutually beneficial business ventures,\"\n \n said\n \n Mark Selby\n \n , Chair and CEO of Canada Nickel.\n \n \n \n \"This initiative has the potential to substantially reduce initial capital requirements and improve Canada Nickel's ability to finance Crawford and advance it to development. Combined with our previously announced MOUs with TTN and Glencore, it also creates the potential for a much lower capital cost startup,\"\n \n said Selby.\n \n \n Under the terms of the MOU, TTN will seek favourable financing terms to participate in the financing of all or a portion of the heavy mining equipment fleet required for Crawford's operation. Training and associated employment opportunities will also be available to TTN where specialized maintenance and operation is required for the equipment and where that equipment is financed or owned in whole or in part by TTN.\n \n \n \"\n \n Our community is proud of our continued innovative approach to business development par...