Canada Nickel Co Inc (OTCQX:CNIKF)(TSXV:CNC) CEO Mark Selby talked with Proactive's Angela Harmantas from the PDAC conference in Toronto about the latest developments in the company’s flagship Crawford Nickel Project and the broader nickel market outlook.
Selby discussed the recent announcement from Ontario Premier Doug Ford, which includes $500 million in funding for critical minerals processing. He noted that with only a few large-scale projects in the province, Canada Nickel expects to be among the first in line for funding.
On the operational front, Selby confirmed that the Crawford Nickel Project is progressing towards a construction decision before year-end. The company has completed the second stage of federal permitting and is working with Scotia and Deutsche Bank on the equity financing side, while Cutfield Freeman is handling the debt component. “When the permits and the funding come together, we’ll be in position to make the construction decision before year-end,” Selby stated.
Addressing the nickel market, Selby highlighted 2025 as a pivotal year, with Indonesia exerting significant control over supply. He expects Indonesia to manage production levels to push nickel prices up to the $18,000–$20,000 per tonne range, which would benefit projects like Crawford. Recent weeks have already seen incremental price increases.
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