Canada Nickel Secures Ontario Grant for New Nickel Processing Facility

Canada Nickel

Ontario Supports Canada Nickel’s Nickel Processing Expansion

Canada Nickel has received a C$500,000 ($349,000) grant from Ontario’s Critical Minerals Innovation Fund. The funding will support the company’s efforts to complete a feasibility study for a new nickel processing facility near Timmins, Ontario.

CEO Mark Selby confirmed that the feasibility study is set to take place later this year. The study will refine project costs, with current estimates requiring C$400 million for full development.

Production Goals and Market Focus

The upcoming facility aims to produce over 75,000 metric tonnes per year of nickel. This figure is slightly lower than the initial target of 80,000 t/yr. The plant is expected to begin operations in late 2027.

It will produce 98% purity nickel-cobalt material, serving the stainless steel, alloyed steel, and electric vehicle (EV) battery markets. This aligns with growing demand for high-purity nickel, particularly in the EV sector, which relies on nickel-rich cathode materials.

Canada’s Role in the Global Nickel Market

The Canadian government continues to invest in critical mineral projects. Ontario’s funding highlights the region’s commitment to strengthening domestic nickel supply chains. This project could boost Canada’s position as a key supplier in the global nickel and battery metals market.

With rising demand for sustainable nickel processing, this facility could play a major role in future clean energy technologies.