The South Korean electronic giant’s SDI division, which focuses on batteries, chips and displays, will own nearly nine per cent of the miner. Shares of Canada Nickel, which is developing projects near Timmins, Ont., about 700 kilometres north of Toronto, rose more than six per cent on the TSX Venture Exchange.

Talking point: Canada Nickel is benefitting as geopolitical pressure pushes electric-vehicle suppliers to secure North American battery metals. The mining company’s CEO Mark Selby told The Logic last month that he was “getting very significant inbound interest” from automotive companies, which he expected would be compounded by a new U.S. crackdown on Chinese battery metals. Since then, it has also scored an investment from gold miner Agnico Eagle, and Selby told The Globe and Mail Friday that Canada Nickel could now be an acquisition target for bigger miners. Samsung has the right to purchase a 10 per cent stake in Canada Nickel’s Crawford flagship project for US$100.5 million, giving it up to 10 per cent of the nickel-cobalt production over the mine’s lifetime.