09:02 AM EDT, 07/31/2026 (MT Newswires) -- Canada Nickel Company ( CNIKF ) said Friday it received a positive decision from the federal government for its Crawford Nickel Project in Ontario.

The approval is the first issued under Canada's amended Impact Assessment Act since 2019, a statement said.

"Today's decision recognizes the strategic importance of responsibly developing Canada's critical mineral resources in partnership with all levels of government and Indigenous Nations while maintaining rigorous environmental standards," said Chief Executive Mark Selby.

"We look forward to continuing to advance Crawford towards a construction decision in 2027," Selby added.

Canada Nickel ( CNIKF ) shares closed up C$0.21, or 15%, to C$1.58 on Thursday on the Toronto Stock Exchange.