- Canada Nickel Company (OTCQB: CNIKF) supports new Ontario legislation to streamline critical mineral project development.
- The legislation aims to accelerate project approval timelines, benefiting the Crawford Nickel Sulphide Project in Timmins.
- The new law positions Timmins as a strategic economic zone for critical minerals, leveraging local expertise and infrastructure.
Canada Nickel Company Inc. (OTCQB: CNIKF) has expressed strong support for the new Ontario legislation, the Protect Ontario by Unleashing Our Economy Act, 2025, designed to facilitate efficient development of critical mineral projects across the province. The new law aims to cut red tape and streamline project approval processes in response to the rising demand for strategic minerals like nickel, which are essential for North America's clean energy future.
The company's flagship project, the Crawford Nickel Sulphide Project, located near Timmins, is one of the largest nickel sulphide resources globally. This project is pivotal to Ontario's critical minerals strategy and is expected to bring significant economic benefits, including job creation, infrastructure investments, and a stable supply of low-carbon nickel.
The legislation recognizes Timmins as a zone of strategic economic importance, capitalizing on its established mining expertise, skilled workforce, and existing infrastructure. This recognition enhances Ontario's leadership in critical minerals development while fostering investment in clean nickel production and related manufacturing sectors.
Mark Selby, CEO of Canada Nickel, praised the Ontario government for advancing policy tools that encourage responsible critical mineral development. He highlighted the importance of environmental stewardship and engaging with Indigenous communities as key components of the company's strategy.
By enhancing regulatory efficiency and reducing approval timelines, the legislation supports the development of projects like Crawford, aligning them with Ontario's goals of becoming a global leader in a secure critical mineral supply. This initiative bolsters North America's supply chain resilience, balancing urgency with sustainable development and Indigenous engagement.
