Canada Nickel Releases 2024 ESG Report

Core Viewpoint - Canada Nickel Company Inc. has released its 2024 Environmental, Social and Governance (ESG) Report, highlighting its advancements in carbon storage, Indigenous partnerships, local economic development, health and safety, and environmental stewardship, positioning itself as a key player in Ontario's Critical Minerals Corridor [1][2]. Indigenous Partnerships and Engagement - The company has deepened its collaboration with Indigenous Nations, establishing a landmark contracting agreement with Flying Post, Matachewan, and Mattagami First Nations for infrastructure construction [9]. - Taykwa Tagamou Nation has invested $20 million in a critical minerals project, securing an equity stake and the right to appoint a director to Canada Nickel's Board [9]. - Indigenous partnerships are integral to the company's operations, focusing on equity ownership and direct investment in local infrastructure [3]. Environmental Stewardship and Climate Innovation - Canada Nickel's In-Process Tailings (IPT) Carbonation technology has the potential to permanently store up to 1.5 million tonnes of CO₂ annually, making the Crawford site one of North America's largest proposed carbon sinks [9]. - Water intensity in drilling operations decreased to 0.38 m³/metre drilled in 2024 from 0.48, despite a 464% increase in drilling, achieved through water recycling and tracking [9]. - The company recorded no environmental non-compliance incidents, demonstrating strong environmental performance [9]. Local Economic Contributions - In 2024, 60% of new hires were local, and 37% of $32.5 million in procurement was spent on local suppliers in the Timmins region [6]. Governance and Leadership - Female representation on the company's Board was 33%, and 34% across the broader workforce, which is more than twice the industry average [7]. Reporting and Transparency - Canada Nickel has produced three consecutive ESG reports aligned with the United Nations Global Compact, Global Reporting Initiative, and the United Nations Sustainable Development Goals [10].