Top 5 Canadian Nickel Stocks in 2026
Oversupply has kept nickel prices subdued for the last couple of years, but the base metal began 2026 on a strong note, surging to an 18 month high of US$18,785 per metric ton (MT) on January 14.
Nickel’s oversupply situation stems from high supply and soft demand — the result of construction markets in Europe and Asia not fully recovering from the COVID-19 pandemic and China’s real estate collapse.
There have been various efforts to reduce supply — some nickel operators have placed facilities on care and maintenance until prices see a sustained rebound. Additionally, at the start of the year, the Indonesian government introduced significant cuts to its quota system; it remains unclear if they will provide tailwinds for nickel.
In Canada, nickel is listed as a top priority in the government’s Critical Minerals Strategy. The country is the world’s fourth largest producer of nickel, with much of its production coming from mines in Ontario’s Sudbury Basin.
Against that backdrop, how have Canadian nickel stocks performed so far in 2026? Below are the top nickel stocks in Canada on the TSX, TSXV and CSE by share price performance so far this year.
All year-to-date and share price data was obtained on March 30, 2026, using TradingView’s stock screener. Canadian nickel stocks with market caps above C$10 million at that time were considered.
1. Homeland Nickel (TSXV:SHL)
Year-to-date gain: 344.44 percent
Market cap: C$94.96 million
Share price: C$0.40
Homeland Nickel has a portfolio of nickel projects in Oregon, US. In addition, the company holds investments in mining companies with nickel projects, including Benton Resources (TSXV:BEX,OTCPL:BNTRF), Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF) and Noble Mineral Exploration (TSXV:NOB,OTCQB:NLPXF).
Shares of Homeland surged after an announcement on January 13 that Canada Nickel’s Crawford project near Timmins, Ontario, had been selected for the province’s “One Project, One Process” review framework, which will allow for an accelerated timetable for permitting and development of the asset.
Canada Nickel is Homeland’s top investment at 742,095 shares valued at C$1.08 million. The news came alongside a surge in the nickel price from a low of US$14,255 in mid-December to as high as US$18,785 on January 14.
Additionally, in November 2025, the company reported that it had partnered with the newly formed Patriot Nickel and would be optioning up to 80 percent ownership of its Cleopatra and Eight Dollar Mountain projects to Patriot in exchange for a 20 percent share of Patriot, as well as Patriot meeting certain milestones.
In an update on March 17, Homeland reported that Jeffrey Strobel had been appointed CEO of Patriot. Homeland also entered into agreements to acquire two new Oregon properties: Woodcock Mountain and Rough and Ready. Rough and Ready covers 640 acres and has historic assays of up to 2 percent nickel with outlined laterite deposits.
Shares of Homeland reached a…
