Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) is announcing that it received a support letter from a leading institution. In the letter, received on September 11, 2024, the institution stated its interest in providing long term debt financing of up to C$500 million (about US$370 million) of project debt towards the development of the Crawford Nickel sulphide project in Timmins, Ontario. This support letter follows a previously announced US$500 million letter of interest from Export Development Canada. Combined, these letters of interest amount to about US$870m of senior debt. “We are very pleased with this additional indication of interest as it is another substantial step towards advancing our financing package for Crawford,” said Mark Selby, CEO of Canada Nickel.
To view the full press release, visit https://ibn.fm/yVAuG
About Canada Nickel Company Inc.
Canada Nickel 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 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, please 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
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