Business
Canada Nickel Signs MOU with Glencore Canada for Potential Use of the Kidd Concentrator and Metallurgical Site
Canada Nickel Signs MOU with Glencore Canada for Potential Use of the Kidd Concentrator a...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Signs MOU with Glencore Canada for Potential Use of the Kidd Concentrator and Metallurgical Site\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 Jan. 11, 2021\n \n /CNW/ - Canada Nickel Company Inc. (\"\n \n Canada Nickel\n \n \" or \"\n \n The\n \n \n Company\n \n \") (TSXV: CNC) (OTCQB: CNIKF) is pleased to announce that it has entered into a non-binding Memorandum of Understanding (\"MOU\") with Glencore Canada Corporation (\"Glencore\") in order to examine the potential use of Glencore's Kidd concentrator and metallurgical site (\"Met Site\") in\n \n Timmins, Ontario\n \n for the treatment and processing of material mined from Canada Nickel's 100% owned Crawford Nickel-Cobalt Sulphide project (\"Crawford\"). Crawford is located 40 km north of Glencore's operations.\n \n \n \n \n \n \n \n \n \n \n \"The opportunity to utilize the excess capacity and existing infrastructure at the Kidd Met Site provides the potential to allow a faster, simpler, smaller scale start-up of Crawford at a vastly lower capital cost while the Company continues to permit and develop the much larger scale project currently being contemplated.  Given the potential for this significant change in the scope of the project start-up, the release of the Preliminary Economic Assessment (PEA) will be delayed until the end of\n \n March 2021\n \n to allow this option, if successful, to be incorporated,\" said\n \n Mark Selby\n \n , Chair and CEO of Canada Nickel.\n \n \n \n Canada Nickel has completed an initial high-level assessment and will now proceed with a detailed study on the potential for upgrading excess capacity at the Kidd Concentrator and/or utilizing the existing infrastructure in place at the Kidd Met Site for milling and further processing the nickel-cobalt and magnetite concentrates that are expected to be produced from Crawford. Should the study deliver a positive outcome for both parties, the parties will continue good faith negotiations towards a binding agreement. The MOU is non-exclusive.\...