Agnico Eagle Mines Limited, a leading gold producer, announced an investment in Canada Nickel Company, Inc., a Canadian mineral exploration and development company focused on nickel-cobalt projects, on May 12, 2021.
Agnico Eagle has acquired 12,850,000 common shares of Canada Nickel Company at a price of $0.80 per share for an approximately $10.3 million investment. The shares purchased represent approximately 9.9% of Canada Nickel Company’s issued and outstanding common shares.
The investment in Canada Nickel Company comes at a time when nickel prices have been on the rise and trading at three-year highs. According to analysts, nickel prices are expected to continue to rise over the next few years as demand for the metal increases in industries such as electric vehicle production and battery technology due to technological advancements. Nickel is a key component in the cathodes of electric vehicle batteries, which increase the driving ranges.
The transaction is a further indication of the confidence Agnico Eagle has in the long-term prospects of Canada Nickel, as well as their unrivalled management team. The Canada Nickel team, led by its Chairman and CEO Mark Selby, has a track record of success built on a strong understanding of the nickel sector and building Canadian mining projects.
Agnico Eagle has a history of aligning its interests with exploration and development companies in order to achieve success. It also has an impressive portfolio of Canadian exploration and development projects, including a 50/50 Joint Venture with Canadian gold producer Meliadine Gold in Nunavut.
The investment in Canada Nickel Company marks the latest transaction in Agnico Eagle’s ongoing strategy to acquire and invest explorer assets that have the potential for long-term growth. This is an important part of Agnico Eagle’s commitment to shareholders to identify, acquire, and develop quality assets.
Agnico Eagle has expressed its confidence in Canada Nickel Company, and this investment indicates that they have an active interest in the company’s nickel-cobalt projects. As nickel-cobalt continues to rise in demand, Agnico Eagle’s confidence in this investment will hopefully be rewarded with long-term growth.
Agnico Eagle Mines Limited, a leading gold producer, announced an investment in Canada Nickel Company, Inc., a Canadian mineral exploration and development company focused on nickel-cobalt projects, on May 12, 2021.
Agnico Eagle has acquired 12,850,000 common shares of Canada Nickel Company at a price of $0.80 per share for an approximately $10.3 million investment. The shares purchased represent approximately 9.9% of Canada Nickel Company’s issued and outstanding common shares.
The investment in Canada Nickel Company comes at a time when nickel prices have been on the rise and trading at three-year highs. According to analysts, nickel prices are expected to continue to rise over the next few years as demand for the metal increases in industries such as electric vehicle production and battery technology due to technological advancements. Nickel is a key component in the cathodes of electric vehicle batteries, which increase the driving ranges.
The transaction is a further indication of the confidence Agnico Eagle has in the long-term prospects of Canada Nickel, as well as their unrivalled management team. The Canada Nickel team, led by its Chairman and CEO Mark Selby, has a track record of success built on a strong understanding of the nickel sector and building Canadian mining projects.
Agnico Eagle has a history of aligning its interests with exploration and development companies in order to achieve success. It also has an impressive portfolio of Canadian exploration and development projects, including a 50/50 Joint Venture with Canadian gold producer Meliadine Gold in Nunavut.
The investment in Canada Nickel Company marks the latest transaction in Agnico Eagle’s ongoing strategy to acquire and invest explorer assets that have the potential for long-term growth. This is an important part of Agnico Eagle’s commitment to shareholders to identify, acquire, and develop quality assets.
Agnico Eagle has expressed its confidence in Canada Nickel Company, and this investment indicates that they have an active interest in the company’s nickel-cobalt projects. As nickel-cobalt continues to rise in demand, Agnico Eagle’s confidence in this investment will hopefully be rewarded with long-term growth.
