Canada Nickel's Reid Resource Boost: 46% Rise to 2.04 Mt Contained Nickel
Canada Nickel's Reid Nickel Sulphide Project updated Measured and Indicated Resources rose 46% to 2.04 million tonnes of contained nickel (867 Mt @ 0.23% Ni), while Inferred Resources climbed 47% to 3.22 million tonnes Ni (1.45 Gt @ 0.22% Ni). MRE highlights higher-grade domain of 39 Mt @ 0.27% Ni containing 106.9 kt Ni.
1. Ontario Names Crawford Nickel Project Under New Permitting Framework
Canada Nickel Company Inc. (OTCQB: CNIKF) announced that Ontario’s Ministry of Energy and Mines has designated its 100%-owned Crawford Nickel Project as the second major mining development to proceed under the province’s ‘One Project, One Process’ (1P1P) framework. The 1P1P initiative aligns review timelines and data sharing across six provincial ministries, reducing duplication and accelerating approvals. With Crawford advanced through a November 2024 Impact Statement and referral to the federal Major Projects Office in November 2025, the designation paves the way for construction to begin by year-end 2026. Independent economic modeling forecasts that Crawford will generate more than CAD 70 billion in GDP over its initial 40-year mine life—approximately CAD 67 billion for Ontario—and support 4,000 Canadian jobs (1,000 direct and 3,000 indirect and induced). The project’s patented In-Process Tailings Carbonation technology is expected to store up to 1.5 million tonnes of CO₂ annually, targeting net-zero carbon emissions and positioning Crawford as one of Canada’s largest carbon sequestration sites.
2. Reid Nickel Sulphide Project Sees 46% Increase in Measured & Indicated Resource
Canada Nickel also reported a 46% uplift in Measured & Indicated nickel resources at its adjacent Reid Nickel Sulphide Project, bringing total contained nickel to 2.1 million tonnes (0.87 billion tonnes grading 0.23% Ni). The Inferred category rose 47% to 3.2 million tonnes of contained nickel (1.45 billion tonnes at 0.22% Ni). A higher-grade domain within Reid now comprises 0.77 billion tonnes at 0.25% Ni in the Measured & Indicated class and 0.98 billion tonnes at 0.24% Ni as Inferred. The updated resource is based on 89 drill holes totaling 51,137 metres, including 34 new holes totalling 24,629 metres. At an average pit-constrained strip ratio of 1.19:1 and 25.8 metres of overburden, the deposit remains open in multiple directions with an additional exploration target of 0.5–1.4 billion tonnes grading 0.21–0.22% Ni. Independent QA/QC and CIM-compliant estimation methodologies underpin the revised Mineral Resource Estimate.