Advertisement – On behalf of Canada Nickel Company Inc. and NexMetals Mining Corp. SRC swiss resource capital AG has fee-based, non-performance-based investor relations consulting agreements with both companies. Author: Ingrid Heinritzi. First published: October 19, 2026, 8:30 a.m. Berlin/Zurich.
Dear Readers,
On October 7, Indonesian Minister Bahlil Lahadalia stated that the government is considering a moratorium on new nickel processing plants that produce only intermediate products. The measure is currently an option, not a general production ban. Existing plants would not be automatically affected by this.
Indonesia dominates global nickel production and has built up significant capacity for nickel pig iron and ferronickel. A limit on new construction could slow future supply growth. However, demand, inventories, and existing production remain the key determinants of price trends.
For cobalt, the Democratic Republic of the Congo is already relying on export quotas. On October 16, 2025, this system replaced a previously imposed export ban. A maximum of 96,600 metric tons is planned for both 2026 and 2027. S&P Global therefore forecast potential market deficits; these remain uncertain.
Canada Nickel Moves Forward with Crawford
Canada Nickel - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - is developing the Crawford nickel project in Ontario, which also contains cobalt. On July 31, the company announced a provincial approval decision in the environmental review process. This is an important step, but it does not replace all permits that may be required for construction and operation.
In September, Canada Nickel reported on the selection of suppliers for its planned mining fleet. The company is also working with GeoRedox on a geological hydrogen program. Resource estimates were reported for Nesbitt and Deloro; Reid provided additional exploration results. Financing and project implementation remain critical.
NexMetals Reports 72 Percent Increase in Resource Tonnage
NexMetals Mining - https://www.commodity-tv.com/ondemand/companies/profil/nexmetals-mining-corp/ - is developing the formerly producing Selebi and Selkirk projects in Botswana. On October 1, the company reported inferred resources for Selebi Main of 32.47 million metric tons containing 1.53 percent copper and approximately 0.98 percent nickel. The resource tonnage increased by 72 percent compared to 2024.
According to the company, the estimate includes approximately 495,400 metric tons of copper and 316,800 metric tons of nickel. Selebi North was not yet included in this estimate; a separate estimate was being prepared. Resources are not reserves; their economic mineability has therefore not been proven. Selkirk is also part of the project portfolio.
Conclusion: Canada Nickel and NexMetals on the Verge of Milestones
Disruptions to nickel and cobalt supply chains could provide a tailwind for Western projects. Canada Nickel is working on the development of Crawford, while NexMetals is focused on expanding its resource base. Financing, permits, and implementation remain critical. Mining stocks are subject to significant commodity price, project, and dilution risks.
Current company information and press releases: Canada Nickel https://www.resource-capital.ch/de/unternehmen/canada-nickel-company-inc/ and NexMetals https://www.resource-capital.ch/de/unternehmen/nexmetals-mining-corp/
For further information, see our Battery Metals Report: https://www.resource-capital.ch/de/reports/ansicht/batteriemetall-report-2026-03/
Best of luck and warm regards from Switzerland,
Marc Ollinger
Swiss Resource Capital AG
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Sources: ANTARA, October 7, 2026: https://www.antaranews.com/berita/5775309/menteri-bahlil-buka-opsi-moratorium-smelter-nikel-setengah-jadi
ARECOMS/ACP, September 28, 2025: https://acp.cd/economie/rdc-instauration-de-quotas-en-remplacement-du-moratoire-sur-les-exportations-du-cobalt/
S&P Global, October 16, 2025: https://www.spglobal.com/market-intelligence/en/news-insights/research/2025/10/drc-cobalt-export-quotas-to-support-cobalt-prices-though-challenges-loom
Canada Nickel, News Archive: https://canadanickel.com/investors/news-releases/
NexMetals, October 1, 2026: https://nexmetalsmining.com/investors/news-releases/nexmetals-reports-72-increase-in-selebi-main-mineral-resource-of-32-47-mt-1-53-cu-0-98-ni-inferred-selebi-north-mineral-resource-estimate-pending/
Intro image: Canada Nickel
Transparency and Conflicts of Interest
Creator and Publisher: SRC swiss resource capital AG, Poststrasse 1, 9100 Herisau, Switzerland. Responsible under § 18(2) MStV: Marc Ollinger. Issuers: Canada Nickel Company Inc. (TSXV: CNC) and NexMetals Mining Corp. (TSXV: NEXM). The paid IR contracts give rise to a financial interest in positive coverage. As of October 16, 2026: Neither the author, Ingrid Heinritzi, nor SRC holds shares, options, long/short certificates, or other derivatives of the aforementioned issuers. Neither Canada Nickel nor NexMetals Mining holds a 5 percent or greater stake in SRC. Preliminary Review: The companies did not receive the article for review and approval prior to publication.
Methodology and Risks
Date of publication: October 16, 2026. Public sources were cross-checked against available primary reports. Company information and technical data were not independently verified or audited on-site. Consequently, this article has not been officially approved. Resources are not reserves. Studies and timelines depend, among other factors, on financing, permits, metallurgical results, and technical implementation. Geological, commodity price, construction, environmental, country, currency, and dilution risks can significantly alter results and lead to a total loss. Routine updates are not planned; statutory obligations remain unaffected.
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Paid marketing communication; not an independent financial analysis, individual investment advice, solicitation to buy, or securities offering. Personal investment circumstances are not reviewed. No guarantee is provided as to accuracy, completeness, or timeliness. Liability is excluded only to the extent permitted by law; in particular, this does not affect liability for willful misconduct, gross negligence, injury to life, limb, or health, mandatory statutory liability, and material obligations. In the event of a breach of material contractual obligations due to slight negligence, liability is limited to foreseeable damages typical for this type of contract. The operators of external sites are responsible for those sites; their own legal obligations remain unaffected. AI was used for research and processing; editorial responsibility and final human review rest with SRC. © 2026 SRC. Redistribution requires consent or legal authorization.
