May 27, 2024

News and Political Commentary

Canada Nickel looking for government funding, partners to build plants

2 min read

Would be North America’s largest once completed

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Toronto-based Canada Nickel Company Inc. says it plans to build North America’s largest nickel processing facility, along with a steel production plant, in northeastern Ontario to help fill “a key gap” in the electric-vehicle supply chain.

The mining company, which has a market cap of around $224 million, will need at least US$1 billion to complete the project and hopes to get funding from the governments of Ontario, Canada and the United States Department of Defense. It is also looking for companies to partner the project.

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Naimul Karim

2024-02-08 14:29:49

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