Anglo American makes C$24m investment in Canada Nickel nickel Canada NorthAmerica EV mining
Diversified miner Anglo American has agreed to acquire a 9.9% minority interest in Canada Nickel Company, which owns the Crawford nickel project in Ontario, Canada.
Anglo's equity funding will support Canada Nickel's work to complete the necessary permitting requirements to proceed with development of the project.
"Our in-depth product knowledge and portfolio of innovative technologies have the potential to provide a value-enhancing contribution to the development of the Crawford project, with the objective of unlocking additional supply of nickel to meet the world's growing demand for battery technology for electric transport," says Whitcutt.
“We are very pleased to welcome Anglo American, a leading global mining company, as a cornerstone investor in Canada Nickel. Today’s announcement is another key milestone as we advance Crawford towards production.” said Canada Nickel chairperson and CEO. "Our team is looking forward to working with Anglo American to identify opportunities to apply their industry leading mining innovation technology to add additional value to Crawford.
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