Canada Nickel Co gains after buying Ontario property

Canada Nickel

19/12/2022 15:41

** Shares of Canada Nickel Co Inc  CNC.V  up 5.7% at C$1.66
    ** Company signs deal to buy 100% interest in Texmont
property in Ontario  urn:newsml:reuters.com:*:nCNWMpTzga
    ** Historic resource estimate of 3.2 mln tonnes grading 0.9%
nickel was reported at the property - CNC
    ** A mine and mill operated on the site from July 1971 to
December 1972 at a rated capacity of 500 tons/day, according to
company
    ** "The acquisition of the Texmont property provides
near-term smaller scale production potential" - CEO Mark Selby
    ** Accounting for session gains, company's stock down 56%
YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))