Canada Nickel Company Inc., headquartered in Toronto, is focused on developing nickel-sulphide projects to meet the increasing demand from the EV and stainless steel markets. Mark Selby, CEO of Canada Nickel, emphasized the importance of the partnership with Samsung SDI, a leading EV battery manufacturer, in advancing the Crawford Project and contributing to sustainable supply chains in North America and Europe. This strategic investment and partnership are based on a press release statement issued by Canada Nickel Company Inc. on January 12, 2024.In the context of Samsung SDI's strategic investment into Canada Nickel Company for securing materials for EV battery production, investors may find the following insights from InvestingPro to be of interest. TORONTO - In a strategic move to secure essential materials for its electric vehicle battery production, Samsung  KS 005930  SDI Co., Ltd. has invested US$18.5M into Canada Nickel Company Inc., acquiring approximately 8.7  ownership in the mining company. The transaction, which involves Samsung SDI purchasing roughly 15.6 million shares, is part of a broader partnership that includes potential additional investment and offtake rights in Canada Nickel s Crawford project. Financial advisory roles for Canada Nickel in the transaction were filled by Cutfield Freeman,  Deutsche Bank   ETR DBKGn , Harp Capital, and Scotiabank.
Samsung SDI invested $18.5 million in Canada Nickel Company to secure materials for EV battery production, acquiring approximately 8.7% ownership and potential additional investment and offtake rights in Canada Nickel's Crawford project.