- Business
- CaNickel Mining Limited CaNickel Mining Limited is a Canadian junior mining company focused on the exploration, extraction, and processing of nickel-containing ore; it holds 100% interest in the Bucko Lake Mine, a past-producing Class 1 nickel sulfide project located near Wabowden, Manitoba, approximately 110 km southwest of Thompson. The company's core asset features NI43-101-compliant mineral resources comprising 5.8 million tonnes grading 1.24% nickel in the measured and indicated category and 10.6 million tonnes grading 1.18% nickel in the inferred category; it includes an existing 1,000-tonnes-per-day processing mill, backfill paste plant, 100-person camp, and four satellite deposits offering expansion potential, enabling year-round operations with low capital expenditure to restart production. The Bucko Lake Mine previously produced 6.9 million pounds of nickel from nearly 450,000 tonnes of ore between 2009 and 2012 before entering care and maintenance due to low nickel prices; the company targets the growing demand for nickel in electric vehicles and green energy applications from stakeholders in the mining sector and critical minerals supply chains. CaNickel Mining Limited, formerly Crowflight Minerals Inc., was incorporated in 1937 and is headquartered at 320 Granville Street in Vancouver, British Columbia. In recent developments, the company entered into an option agreement on December 4, 2023, granting Cobalt One Energy Corporation and Blackstone Minerals Limited the exclusive right to purchase the Bucko Lake Mine Project, with the option extended multiple times including to January 3, 2025, via a C$100,000 fee amid ongoing nickel market challenges; on October 31, 2025, it divested Welichem Research General Partnership to LJ Resources Co. Ltd. for C$0.40 million; additionally, it announced a change of auditor on November 14, 2025, and board changes on July 14, 2025.