Canada Nickel Announces Closing of Samsung SDI Equity Investment

Feb 06, 2024•almost 2 years ago

Amount Raised

$18.5 Million

TorontoMineralPrecious MetalsManufacturingMining

Investors

Samsung Sdi Co., Ltd.

Description

Canada Nickel Company Inc. has completed its previously announced equity investment by Samsung SDI Co., Ltd. for aggregate gross proceeds of US$18.5 million. Samsung SDI has subscribed for 15.6 million common shares of the Company at C$1.57 per share

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.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends