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Canada Nickel Announces $24 Million Investment From Anglo American

PRIVATEFeb 08, 2023

Amount Raised

$24 Million

Round Type

Venture

TorontoManufacturingMobileMiningPrecious MetalsMineral

Investors

Anglo American

Description

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce that the Company has entered into a Subscription Agreement with Anglo American today to make an approximately $24 million investment in Canada Nickel at a price of $1.95 per Common Share, a 10% premium to the 30-day volume weighted average price ("VWAP").

Who else raised in Mobile and Mining around the same time

Companies in the same sectors as Canada Nickel Company that raised within 45 days of this round, from Fundz verified event records.

  • Pampa Metals raised $18K (Pre-Seed) on March 2, 2023.
  • Tsodilo Resources Limited raised an undisclosed amount (Post-IPO Equity) on January 25, 2023.
  • Patriot Battery Metals Inc. raised $36M (Funding Round) on March 20, 2023.
  • West Red Lake Gold Mines raised $2M (Seed) on March 19, 2023.
  • Nexus Uranium raised $294K (Seed) on March 1, 2023.
  • Rover Metals raised an undisclosed amount (Funding Round) on February 27, 2023.

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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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Related People

1 contact
Verified contactsMark S., CHAIRMAN, CEO & DIRECTOR hiddenSee plans and pricing
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Canada Nickel Company raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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