Canada Nickel Closes Previously Announced Us$10 Million Loan Facility With Auramet International Llc
Canada Nickel Closes Previously Announced Us$10 Million Loan Facility With Auramet International Llc
01/05/22, 4:01 PM
Location
torontoMoney raised
$10 million
Canada Nickel Company Inc. ("Canada Nickel" or "The Company") (TSXV: CNC) (OTCQX: CNIKF) announces that it has closed a secured loan facility with Auramet International LLC ("Auramet") of US$10 million previously announced on December 21, 2021. The proceeds will be used to ensure the Company remains well-funded as it continues to aggressively advance the Crawford Nickel Sulphide Project through the first quarter of 2022 when the Company expects to conclude its strategic investor process.
Company Info
Location
toronto, ontario, canada
Additional Info
Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has successfully registered and applied for trademarks in various jurisdictions for NetZeroNickelTM, NetZero CobaltTM and NetZero IronTM 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 and cobalt 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. For more information, please visit www.canadanickel.com.