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Canada Nickel Forms RoyaltyCo Subsidiary in Partnership with EDCC

Mar 18, 2025•about 1 year ago

Contract Type

partnership

Mobile

Description

Canada Nickel Company has formed a new subsidiary, RoyaltyCo, in partnership with Edmiston Drive Capital Corp. (EDCC). This new entity will hold net smelter return royalties on Canada Nickel’s regional exploration properties in the Timmins Nickel District, excluding certain projects. The transaction involves Canada Nickel receiving $8 million in cash and 8.9 million shares of EDCC and is expected to close by April 30, 2025.

Company Information

Company

Canada Nickel Company

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 NickelTM, NetZero CobaltTM, 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 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.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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