Canada Nickel Company Inc. (CNC) Financials
TSXV: CNC · Nickel, Cobalt, Iron · Development stage
- Market cap$248.4M
- Share price$0.960
- 52-week range$0.920 – $2.59
- Shares outstanding258,799,171
- ExchangeTSXV
- Websitecanadanickel.com
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins Nickel District. For more information, please visit www.canadanickel.com.
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Canada Nickel Company Inc. financial statements
Key figures read from 27 of 27 financial statement filings, Mar 31, 2020 to Sep 16, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,629,843 | C$4,655,260 | C$14,433,936 | C$13,009,936 | C$3,334,643 |
| Total current assets | C$2,430,249 | C$13,889,269 | C$16,790,778 | C$15,021,369 | C$7,418,164 |
| Total current liabilities | C$38,807,077 | C$55,592,021 | C$21,182,165 | C$24,224,099 | — |
| Working capital | (C$36,376,828) | (C$41,702,752) | (C$4,391,387) | (C$9,202,730) | — |
| Exploration and evaluation assets | C$280,940,567 | C$249,802,751 | C$165,440,221 | C$128,624,444 | C$47,304,907 |
| Property, plant and equipment | C$862,748 | C$862,301 | C$836,759 | C$669,102 | C$527,784 |
| Total assets | C$284,233,564 | C$264,554,321 | C$183,067,758 | C$144,314,915 | C$55,250,855 |
| Debt | C$47,561,603 | C$21,465,335 | C$16,673,070 | C$13,291,981 | — |
| Total liabilities | C$60,305,046 | C$59,177,278 | C$27,027,197 | C$25,486,552 | C$7,951,642 |
| Shareholders' equity | C$223,928,518 | C$205,377,043 | C$156,040,561 | C$118,828,363 | C$47,299,213 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$4,953,495 | C$4,109,007 | C$3,115,009 | C$2,912,207 | C$2,419,898 |
| Share-based compensation | — | — | C$4,622,226 | C$4,612,352 | C$3,815,198 |
| Net income (loss) | (C$26,214,669) | (C$3,217,584) | (C$14,224,877) | (C$5,535,080) | (C$6,378,103) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$4,988,190) | (C$14,840,430) | (C$7,390,795) | (C$1,869,334) | (C$6,301,717) |
| Investing cash flow | (C$45,534,227) | (C$56,910,257) | (C$37,372,112) | (C$49,512,160) | (C$19,835,169) |
| Financing cash flow | C$47,497,000 | C$61,972,011 | C$46,186,907 | C$61,056,787 | C$18,304,264 |
| Exploration spending (capitalized) | (C$45,393,669) | (C$56,671,463) | (C$37,248,538) | (C$49,286,156) | (C$19,422,411) |
| Property, plant and equipment spending | (C$140,558) | (C$238,794) | (C$123,574) | (C$226,004) | (C$412,758) |
| Proceeds from share issues | C$22,163,268 | C$58,735,385 | C$44,582,756 | C$48,177,253 | C$11,301,994 |
| Change in cash | (C$3,025,417) | (C$9,778,676) | C$1,424,000 | C$9,675,293 | (C$7,832,622) |
| Cash at end of period | C$1,629,843 | C$4,655,260 | C$14,433,936 | C$13,009,936 | C$3,334,643 |
No financings are on record for Canada Nickel Company Inc. yet.