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Further to my ongoing due diligence on Canada Nickel (OTCQB $CNIKF) (CSE $CNC) (FRA $4E0), below is a news release that could be considered a company catalyst:
Canada Nickel Continues to Demonstrate Substantial Improvement in Metallurgical Performance https://www.prnewswire.com/news-releases/canada-nickel-continues-to-demonstrate-substantial-improvement-in-metallurgical-performance-and-provides-corporate-update-301482044.html
The Company Canada Nickel Company Inc. today announced further metallurgical results at its 100% owned Crawford Nickel Sulphide Project which delivered what the Company believes is the highest nickel sulphide concentrate grade from a locked cycle test.
The test results also confirm the newest flowsheet improvements, incorporated as part of metallurgical variability testing for the feasibility study, can deliver improved recoveries and improved concentrate quality.
Mark Selby, Chair and CEO said, "I am very pleased with the first two tests achieving nickel recoveries in excess of 60%. This latest test is further confirmation of both significant recovery and excellent nickel sulphide concentrate grades particularly from a low-grade sample. Results from this latest phase of testing are indicating that we can achieve grades of 40-50% for the high grade nickel concentrate, well above the current 35% target for this product. While we will test a broad range of samples during the upcoming phase of feasibility study work and expect a range of recovery results from 30% to 60+%, this second locked cycle test further demonstrates the potential to deliver improvements in nickel recovery substantially higher than the 4-5 percentage point improvement in nickel recovery the Company is targeting for the feasibility study. Each percentage point of improvement in nickel recovery would yield a US$92 million improvement in the value of the NPV8% of the project, based on the Preliminary Economic Analysis ("PEA") metrics."
Mr. Selby continued, "Additionally, the Company has continued to make further additions to its land holdings in the Timmins district and continues to make good progress with the strategic investor process for which the process is expected to be successfully concluded during the first quarter.. The Company has also set its date for its annual general meeting."
Read full news release https://www.prnewswire.com/news-releases/canada-nickel-continues-to-demonstrate-substantial-improvement-in-metallurgical-performance-and-provides-corporate-update-301482044.html
I've been long Canada Nickel Company since early 2019 with no intension of selling short-term. Always do your own DD. 😇