The mining company said its subsidiary will develop two processing plants near Timmins, Ont., to help produce stainless steel and critical mineral alloys for the North American electric-vehicle supply chain. Bloomberg reported that the nickel plant would cost $1 billion and be the largest on the continent. (The Logic, Bloomberg)

Talking point: Canada Nickel is on the heels of closing an investment from battery giant Samsung SDI, suggesting there is still global interest in Canada’s battery-metal supply chain despite plummeting nickel prices prompted by a supply glut in Indonesia. Miners have raised concerns that Canada’s lead in the global battery supply chain race could be threatened by the recent crash in commodity prices. Local leaders praised the economic potential of Canada Nickel’s project Thursday, including Chief Bruce Archibald of Taykwa Tagamou Nation, one of the First Nations that was issued Canada Nickel shares last month.