Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Resource Estimate

Canada Nickel Announces 46% Increase in Measured & Indicated Resource at Reid Nickel Sulphide Project

Resource Expansion at Reid Solidifies District Scale While Massive Crawford Funding Gap Remains

By The Northwire Desk — AI Analysis Jan 12, 2026 · 06:45 CNC · 1.76 Canada Nickel Company Inc.
Executive Summary
  • Canada Nickel announced a 46% increase in Measured & Indicated (M&I) resources at its 100% owned Reid Nickel Sulphide Project.
  • The Reid M&I resource now stands at 2.1 million tonnes of contained nickel (870 million tonnes @ 0.23% Ni).
  • Inferred resources increased 47% to 3.2 million tonnes of contained nickel (1.45 billion tonnes @ 0.22% Ni).
  • The deposit remains open in multiple directions with an additional exploration target of 0.5-1.4 billion tonnes.
  • The company highlights Reid’s favorable metrics compared to the flagship Crawford project, including nearly half the strip ratio (1.19:1) and 15% higher chromium grades.
  • The total Timmins Nickel District resource now aggregates eight deposits totaling 10.1 million tonnes of M&I contained nickel.
Material Impact
  • The 46% resource increase at Reid is a material expansion of the company’s secondary asset, which management now suggests could be more valuable than the flagship Crawford project due to lower stripping costs.
  • This update confirms the "Three Giants" strategy (Reid, Midlothian, Mann) is effectively adding scale to the district, transforming Canada Nickel from a single-asset developer into a multi-deposit district player.
  • Operationally, the low strip ratio (1.19) and thinner overburden (25.8m) at Reid significantly de-risk future mine economics compared to many global peers.
  • While the news is positive for the asset base, it does not solve the immediate financial hurdle of the $2.0 billion initial capital cost required for Crawford.
CNC · Price
Company Overview
  • Canada Nickel is developing the Timmins Nickel District in Ontario, Canada.
  • Flagship Project: Crawford Nickel Sulphide Project.
  • Crawford FEED/Feasibility: NPV8% of $2.8 billion and IRR of 17.6%. Initial capital cost is $2.0 billion.
  • Strategy: Developing a zero-carbon industrial cluster using proprietary In-Process Tailings (IPT) carbonation technology to sequester CO2.
Read the original news release →

More from Canada Nickel Company Inc.

Nov 09, 2026 · 06:45

Canada extends a bridge loan to secure time for its 2027 final investment decision, highlighting ongoing liquidity pressures and potential dilution.

Financings Oct 26, 2026 · 06:58

Canada signed a non-binding framework with Swiss Steel for a 1 Mtpa supply starting in 2030, with no price terms disclosed.

M&A / Property Sep 14, 2026 · 06:45

Canada’s Crawford fleet procurement confirms the execution path toward a 2027 construction decision for the project.

M&A / Property Sep 09, 2026 · 06:45

Canada confirms its Timmins resources with no material changes in its technical report.

Resource Estimate Aug 28, 2026 · 09:46

Canada upsizes financing to $21m, extending runway ahead of the 2027 decision on its project.

Financings Aug 12, 2026 · 08:46

Canada Nickel raises c$15m in bridge financing to fund permitting at its Crawford project and repay existing debt.

Financings