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Canada Nickel Closes Previously Announced Us$12 Million Loan Facility With Auramet International, Inc.

Sep 18, 2023•almost 2 years ago

Amount Raised

$12 Million

TorontoMineralPrecious MetalsManufacturingMining

Investors

Auramet International, Inc.

Description

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today announced that it has closed a secured loan facility with Auramet International, Inc. ("Auramet") of US$12 million previously announced on September 6, 2023. The proceeds will be used towards working capital and will allow the Company to remain well-funded to continue to advance permitting and detailed engineering activities.

Company Information

Company

Canada Nickel Company

Location

Toronto, Ontario, Canada

About

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp.

Funding Insights

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