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Canada Nickel Closes Previously Announced Us$10 Million Loan Facility With Auramet International Llc

PRIVATEJan 05, 2022

Amount Raised

$10 Million

Round Type

Debt Financing

TorontoManufacturingMobileMiningPrecious MetalsMineral

Description

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.

Quick answer

Canada Nickel Company raised $10 Million in a Debt Financing round, dated January 5, 2022. Canada Nickel Company is based in Toronto, Ontario, Canada.

How much did Canada Nickel Company raise?
Canada Nickel Company raised $10 Million in a Debt Financing round on January 5, 2022.
What does Canada Nickel Company do?
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.
Where is Canada Nickel Company based and how big is it?
Canada Nickel Company is based in Toronto, Ontario, Canada. Fundz records about 30 employees.
Who are the decision-makers at Canada Nickel Company?
Fundz holds 1 contact at Canada Nickel Company, including the CHAIRMAN, CEO & DIRECTOR. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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.

  • Rise Gold raised $1.1M (Seed) on February 11, 2022.
  • Canagold Resources raised $1.8M (Seed) on January 19, 2022.
  • Osino Resources Corp. raised $93K (Pre-Seed) on January 6, 2022.
  • XALI GOLD CORP. raised $150K (Pre-Seed) on January 6, 2022.
  • Solstice Gold raised $2.3M (Seed) on December 31, 2021.
  • REUNION GOLD CORP raised an undisclosed amount on December 23, 2021.

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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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