02:23 PM EST, 03/03/2025 (MT Newswires) -- Canada Nickel Company ( CNIKF ) Monday said it signed agreements with three Ontario First Nations as it looks to advance indigenous opportunities for its Crawford Nickel Sulphide Project.

The company said the agreements with the Mattagami, Matachewan, and Flying Post First Nations, members of the Wabun Tribal Council, set the framework for early business and employment opportunities from the project.

The agreement includes commitments for open-book negotiations on key contracting opportunities, including the construction of a 25.2-kilometer railway line, the relocation of Highway 655, and the construction of a temporary overpass on Highway 655.

Canada Nickel ( CNIKF ) is also continuing to work towards a comprehensive Impact Benefits Agreement (IBA) with the First Nations.

"This agreement is a milestone in the development of the Crawford Project and reflects our commitment to meaningful partnerships with First Nations and our respect for the Traditional Territories in which we are fortunate to operate," said chief executive Mark Selby.

The company's shares were last seen down $0.03 to $0.85 on the TSX Venture Exchange.

Price: 0.85, Change: -0.03, Percent Change: -3.41