Canada Nickel Publishes Inaugural ESG Report, Outlining Sustainability Commitments

About Canada Nickel Company

Canada Nickel Company Inc. is a Canadian mining company focused on the exploration and development of nickel-cobalt sulfide projects to supply the electric vehicle and stainless steel markets. The Company’s flagship asset is the 100% owned Crawford Nickel-Cobalt Sulphide Project located in Timmins, Ontario.

Canada Nickel is rapidly advancing Crawford and over 20 other regional nickel projects with the goal of becoming a leading supplier of the metals needed for the electric vehicle revolution and high-growth stainless steel market. The Company aims to develop its assets utilizing next-generation technologies and sustainability practices.

Overview of Inaugural ESG Report

The 2022 ESG Report marks a significant milestone for Canada Nickel, demonstrating the central role sustainability plays in the Company’s identity and business strategy. The report establishes a foundation of transparency on ESG topics that will strengthen in future years as projects advance.

Key details from the report:

• Follows Global Reporting Initiative (GRI) and references UN Sustainable Development Goals and UN Global Compact principles. This underscores Canada Nickel’s commitment to sustainability frameworks.
• A materiality assessment identified priority ESG topics based on stakeholder consultations, ensuring the report addresses relevant issues.
• Disclosures cover environmental stewardship, community engagement, governance, workforce culture, climate change, and innovation.
• Quantitative metrics provide baseline measurements on areas like safety, emissions, diversity, and community investment.

Advancing Crawford Project Sustainably

The report provides insight into how sustainability is being considered as Canada Nickel advances its flagship Crawford nickel-cobalt project towards development:

Commitment to Environment and Biodiversity

Multiple environmental studies have been completed or are underway at Crawford to establish baselines and guide responsible development. This includes assessments related to water, wildlife, vegetation, geochemistry, archaeology, and more.

Canada Nickel implements robust planning and practices to protect species and habitats. Engagement with Indigenous communities incorporates traditional knowledge into environmental management.

Pathway to Net-Zero Emissions

Canada Nickel has announced a commitment to develop Crawford as a net-zero carbon operation by utilizing the natural carbon absorption capacity of the deposit’s ultramafic rock.

Ongoing research and development is focused on enhancing passive mineral carbonation and testing an active “In Process Tailings” carbonation method. Initial results suggest the potential to sequester over 1 million tonnes of CO2 annually.

Community Engagement and Development

The Company has signed agreements with local First Nations to enable collaboration through the project’s development. Ongoing engagement fosters participation in permitting, impact assessment, and project planning.

Canada Nickel also engages municipal governments, community groups, and other stakeholders. It has implemented a Local Procurement Policy and Contributions Program to generate benefits.

Governance and Workforce Focused on Growth

The report outlines governance and workforce practices that aim to support Canada Nickel’s responsible growth:

Governance Committed to Accountability

Canada Nickel’s Board oversees ESG strategy and risk management. In 2022, it formed an ESG Committee to further integrate sustainability considerations into decision-making.

The Board and management team offer mining industry expertise along with experience in sustainability, capital markets, and engineering.

Building an Inclusive and Skilled Workforce

Canada Nickel’s workforce grew over 50% in 2022 to 35 employees and will expand further as Crawford advances. The Company prioritizes diversity, equal opportunity, local hiring, and training.

Early workforce demographics reveal 17% female representation and 6% Indigenous representation. Canada Nickel aims to attract and retain talent, offering competitive pay and benefits.

Conclusion

In conclusion, Canada Nickel’s inaugural ESG report demonstrates its commitment to transparency and sustainable mining. Crawford is advancing with comprehensive environmental stewardship and a pathway to net-zero emissions.

The Company’s governance, community engagement, and workforce practices also aim to support responsible growth. Canada Nickel is poised to be an ESG leader among nickel developers, supplying high-demand battery metals responsibly.