Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, has closed on a secured loan facility with Auramet International, Inc.; the $12 million loan facility was previously announced on Sept. 6, 2023. According to the announcement, the company anticipates using the net proceeds from the transaction for working capital and to advance its permitting and detailed engineering activities. Transaction details include a loan due date of Dec. 18, 2023, with an interest rate of 1% per month; the transaction is subject to a 2.3% arrangement fee. The announcement also noted that Auramet has received 550,000 one-year warrants with a strike price of $1.24 per common share. One of the largest physical precious metals merchants in the world, Auramet has more than $20 billion in annual revenues and provides a full range of services to all participants in the precious metals supply chain. The company’s business is comprised of three main activities: physical metals trading, metals merchant banking (including direct lending) and project finance advisory services. The company has been awarded a EcoVadis gold medal for its ESG commitment. EcoVadis is the most trusted provider of ESG ratings with a network of more than 90,000 rated companies.
To view the full release, visit https://ibn.fm/y7yPP
About Canada Nickel Company Inc.
Canada Nickel is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt 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(TM), NetZero Cobalt(TM) and NetZero Iron(TM), 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 about the company, visit www.CanadaNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
MiningNewsWire is powered by IBN