## Canada Nickel Company Sets Sustainability Standard with 2023 ESG Report
TORONTO, Nov. 4, 2024 /PRNewswire/ – Canada Nickel Company Inc. (CNC, CNIKF), a leading player in the nickel industry, has unveiled its 2023 Environmental, Social, and Governance (ESG) Report, showcasing its dedication to sustainable and responsible mining practices. The report highlights the company’s progress in advancing its groundbreaking permanent carbon storage technologies and fostering strong partnerships with Indigenous communities, a testament to its commitment to a future where resource development aligns with environmental stewardship and social responsibility.
“The progress we made during 2023 speaks volumes about the exceptional talent and dedication of our team,” stated Mark Selby, CEO of Canada Nickel Company. “We are taking significant strides as pioneers in the nickel industry, prioritizing sustainability and innovation in all our endeavors.”
ESG Highlights: A Focus on Progress
Canada Nickel’s 2023 ESG report outlines several key advancements, demonstrating the company’s commitment to a holistic approach to sustainability:
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Indigenous Partnerships and Engagement:
The company signed two new Exploration Agreements and contributed $446,440 to Indigenous communities for capacity building and compensation for potential impacts of exploration work. These initiatives underscore Canada Nickel’s deep commitment to meaningful reconciliation and collaboration with Indigenous nations.*
Zero Fatalities and Lost-Time Injuries:
Canada Nickel achieved a significant milestone by reporting no fatalities, lost-time injuries, or high-consequence injuries in 2023, highlighting its unwavering focus on employee safety and well-being.*
Contributions to Local Communities:
Demonstrating its commitment to local development, Canada Nickel achieved a 50% local hiring rate and allocated 27% of its total budget to local procurement. The company further invested $1.5 million in local programs and partnerships, supporting community growth and prosperity.*
GHG Emissions Reduction:
Canada Nickel made significant strides in reducing its environmental impact, with its Crawford Nickel Sulphide Project emerging as a leader in permanent carbon storage. The project has the potential to sequester 1.3 million tonnes of CO2 annually over its lifetime, positioning it as one of Canada’s largest and Ontario’s largest permanent carbon storage sinks. The company also reduced its exploration-related emissions intensity (kg of CO2e per meter drilled) from 37 in 2022 to 31 in 2023.*
Strengthening Governance Structures:
Canada Nickel continues to prioritize good governance, with a Board that boasts 33% female representation. The company has refined its policies at both the Board and Committee levels and established a dedicated ESG Committee to oversee its sustainability efforts.Looking Ahead: A Vision for Sustainable Growth
“At Canada Nickel, we believe that sustainability is not just a goal, but a core principle that will shape the future of our business and ensure its long-term success,” affirmed Francisca Quinn, Chair of the ESG Committee of Canada Nickel’s Board. “The programs and achievements highlighted in this report reflect our dedication to integrating sustainability into every aspect of our operations. We are committed to transparency and believe that by sharing our journey, we can inspire others in the industry to embrace a more sustainable future.”
Canada Nickel is advancing the Crawford Nickel Sulphide Project in the Timmins Nickel District, Ontario, further solidifying its commitment to sustainable development and a greener future for the mining industry.
About Canada Nickel Company
Canada Nickel Company Inc. is a leading force in the next generation of nickel-sulphide projects, supplying the critical nickel needed for the booming electric vehicle and stainless steel markets. The company has applied for trademarks for the terms NetZero Nickel™, NetZero Cobalt™, and NetZero Iron™, and is developing processes to produce net-zero carbon nickel, cobalt, and iron products. Canada Nickel offers investors a unique opportunity to invest in nickel within low-political risk jurisdictions. The company’s flagship project is the 100% owned Crawford Nickel Sulphide Project, strategically located in the heart of the prolific Timmins-Cochrane mining camp.
For more information and to access the full 2023 ESG Report, please visit: [link to report]
