Canada Nickel Company Inc. announced that the Impact Assessment Agency of Canada has formally commenced the Impact Assessment phase under the federal Impact Assessment Act for the Company's Crawford Nickel Project, following confirmation of the completion of the Impact Statement phase. On November 22, 2024, Canada Nickel submitted its Impact Statement for Crawford to IAAC. Following a public comment period and technical review involving federal and provincial authorities, Indigenous Nations, and the public, IAAC provided comments on May 30, 2025, outlining additional information required to complete the Impact Assessment.

Canada Nickel submitted its responses to IAAC's comments on December 30, 2025. IAAC has advised that the information provided, together with the original Impact Statement, satisfies the requirements of subsection 19(1) of the Act. On March 3, 2026, IAAC published a notice on the Canadian Impact Assessment Registry formally ending the Impact Statement phase and initiating the Impact Assessment phase.

IAAC will prepare a draft Impact Assessment Report and potential conditions based on information provided by Canada Nickel and input from federal and provincial authorities, Indigenous Nations, and the public. The draft report will include IAAC's preliminary conclusions regarding potential adverse effects within federal jurisdiction and whether any such effects are likely to be significant. The draft report and potential conditions will be made available for public comment prior to finalization and submission to the Minister of Environment and Climate Change and Nature to inform a decision under the Act.

The Crawford Nickel Project, located in Ontario's Critical Minerals Corridor, is expected to be one of the largest nickel sulphide projects globally with the potential to support the development of a zero-carbon industrial cluster in the Timmins Nickel District.