The stock surged. The companies signed an agreement outlining the potential collaboration. Under this framework, Canada Nickel would provide Swiss Steel with access to about one million tonnes of semi-finished steel products per year starting in 2030. “This intended partnership supports an important element of our strategy: focusing our own industrial footprint while securing flexible access to competitive, low-carbon pre-material,” said Frank Koch, Swiss Steels’ CEO. Shares in Canada Nickel rose 7. 61% to 99¢ apiece Monday morning in Toronto.
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