Canada Nickel Says Study Shows Crawford Project to Add Over $70 Billion to GDP

09:26 AM EDT, 10/15/2025 (MT Newswires) -- Canada Nickel Company (CNIKF) , which gained near 8% Tuesday, provided results from an economic impact study completed for its flagship Crawford Nickel Project, located in the Timmins Nickel District of Ontario.

The company Wednesday said the study estimates that Crawford will generate a total economic contribution of over $70 billion to Canada's Gross Domestic Product (GDP), over the project's projected more than 40-year life of the mine, with $67 billion of that impact in Ontario alone. According to the report, Crawford is also expected to support about 1,000 direct and 3000 indirect and induced jobs, totalling about 185,000 person-years of employment and delivering about $16 billion in labour income.

Crawford is projected to generate $7.7 billion in federal tax revenues and $8.3 billion in provincial tax revenues.

"These results confirm Crawford's potential as one of our country's most significant new critical minerals projects," said Canada Nickel Company (CNIKF) chief executive Mark Selby. "Crawford is projected to generate substantial economic benefits for both Ontario and Canada while supplying the nickel and other critical minerals needed to meet growing global demand."

Shares of the company closed up $0.08 to $1.1 on the TSX Venture Exchange Tuesday.

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