08:12 AM EDT, 07/06/2026 (MT Newswires) -- Canada Nickel Company ( CNIKF ) entered into a strategic commercial partnership with RWE Supply & Trading GmbH (RWEST) to support the commercialization of low-carbon intermediate stainless and alloy steel products from Canada Nickel's ( CNIKF ) wholly owned downstream unit, Net Zero Metals, using feed from the company's Crawford Nickel project, it said in a statement Monday.

Through the partnership, Canada Nickel ( CNIKF ) gets access to RWEST's European and U.S. customer base, deep carbon and CBAM expertise, and structuring and trading capabilities, it said. Both parties under the MOU, plan to develop product positioning and sales strategy in respect of semi-finished steel, alloys and stainless products including long-term offtake structures, and delivered product solutions.

"Implementation of CBAM driving higher EU carbon costs combined with persistent energy price volatility in Europe are creating real demand for stable energy, low-carbon steel supply," said Canada Nickel ( CNIKF ) CEO Mark Selby. "Ontario's stable, low-carbon and renewable energy gives us a structural cost advantage that only grows as CBAM carbon costs rise through the decade."

RWEST is also expected to provide further support to Canada Nickel's ( CNIKF ) access to export credit agencies, including German and EU export credit agencies, and other EU financing groups. The companies are targeting a definitive agreement within 2026, it added.

Shares of Canada Nickel ( CNIKF ) closed up 2.9% to C$1.43 on Friday on the TSX Venture Exchange.