Canada Nickel shares up on new Crawford drill results
The project ranks as one of the 12 largest nickel sulphide resources globally, according to the company.
The project ranks as one of the 12 largest nickel sulphide resources globally, according to the company.
According to the Swedish company, mineral studies determined the predominant Ni-sulphide mineral to be pentlandite.
Midday Tuesday, the company’s stock was up 15% on the TSXV.
Company will invest starting in 2026 to build an underground nickel sulphide mine in Brazil's Bahia state.
Researchers were able to achieve the equivalent of 30 years of passive carbonation of mine tailings within four weeks.
The company is in discussions with Canadian miner Giga Metals about helping to develop a large mine.
Skarn has also created mine-by-mine carbon intensity curves for gold, silver and cobalt, to be published over the coming weeks.
Shares of the company jumped 6.1% on the latest drill results.
Eramet has been trying to revive loss-making SLN by reducing costs and boosting exports of unrefined ore.
The expansion at the largest nickel smelter in the European Union include a new concentrate dryer and increased capacity in the electric smelting furnace.
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