Canada Nickel Company Inc. (TSXV: CNC) (OTCQB: CNIKF) has taken a significant step towards fostering meaningful collaboration with Indigenous communities by signing a contracting agreement with Mattagami, Matachewan, and Flying Post First Nations for its
Nickel Sulphide Project. This agreement, announced on April 8, 2021, reflects the company's commitment to working closely with Indigenous Nations to ensure the project aligns with shared values and priorities.
The agreement involves funding Indigenous Nations for Traditional Land Use and Socioeconomic studies, enabling authentic participation and engagement in the project development process. This approach aligns with the principles of the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) and the 2019 Impact Assessment Act, which emphasize the importance of free, prior, and informed consent, as well as meaningful engagement with Indigenous communities.
By engaging early and often with Indigenous Nations and local communities, Canada Nickel has ensured that the Crawford Nickel Sulphide Project reflects the shared values and priorities of all stakeholders. This collaborative approach has been instrumental in shaping the project's development, from the initial environmental and social impact assessments to the formation of Environmental and Socioeconomic Committees with multidisciplinary experts.
The agreement with Mattagami, Matachewan, and Flying Post First Nations is a testament to Canada Nickel's dedication to building strong, lasting relationships with Indigenous communities. This commitment to meaningful collaboration is evident in the company's statement: "By engaging early and often, we’ve ensured this Project reflects our shared values." (Source:
Inc. press release, April 8, 2021)
In addition to fostering strong relationships with Indigenous communities, Canada Nickel is also committed to delivering NetZero Nickel and Cobalt products in a sustainable and environmentally responsible manner. The company is advancing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products, providing investors with leverage to nickel and cobalt in low political risk jurisdictions.
The Crawford Nickel-Cobalt Sulphide Project, located in the heart of the prolific Timmins-Cochrane mining camp, is expected to generate significant economic and regional benefits. According to the bankable Feasibility Study, over its 41-year lifecycle, Crawford is projected to generate:
* $63 billion in revenue
* Over 1,000 jobs annually during its operation
* $7 billion in federal and provincial income taxes
* $2.6 billion in provincial mining taxes
* A total investment of $6.8 billion, benefiting Northern Ontario's economy through job creation and business growth
In conclusion, Canada Nickel's contracting agreement with Mattagami, Matachewan, and Flying Post First Nations demonstrates the company's commitment to fostering meaningful collaboration with Indigenous communities. By engaging early and often, Canada Nickel has ensured that the Crawford Nickel Sulphide Project reflects the shared values and priorities of all stakeholders. This approach, combined with the company's dedication to delivering NetZero Nickel and Cobalt products in a sustainable manner, positions Canada Nickel as a responsible and forward-thinking player in the mining industry.
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