Canada Nickel Company Inc. secures a loan extension with Auramet International, reducing the loan amount to US$27.8 million and granting warrants. The extension supports financing initiatives amid challenging nickel prices.
Canada Nickel Company Inc. has announced an extension of the repayment date for its loan facility with Auramet International. The loan amount has been reduced to US$27,777,299, with the company granting warrants as part of the agreement. CEO Mark Selby expressed satisfaction with the ongoing support as they pursue financing initiatives
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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.
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