Canada Nickel Company Inc. has announced that it has signed a deal to acquire a 100% interest in the past producing Texmont property situated between the company’s Deloro and Sothman properties south of Timmins, Ontario.
Mark Selby, Chair & CEO of Canada Nickel Company, said:
“The acquisition of the Texmont property provides near-term smaller scale production potential and is highly complementary to our large-scale Crawford and regional nickel sulfide projects. We are excited by the potential for leveraging the understanding of the geology at Texmont and additional high-grade areas at Sothman and Bannockburn and applying these learnings to our large regional property package. In our discussions with nickel consumers for the battery market, many of them are keen to have new nickel production that could come to market by 2025. Similarly, a number of investors have expressed interest in financing near-term production.”