Canada Nickel Provides Corporate Update
TORONTO, January 9, 2025 – Canada Nickel Company Inc. (“Canada Nickel” or the “Company”) (TSXV: CNC) (OTCQX: CNIKF) today announced that it has extended the repayment date of the US$15 million loan facility announced July 9, 2024 with Auramet International, Inc. (“Auramet”) from January 9, 2025, to March 14, 2025.
Mark Selby, CEO and Director of Canada Nickel Company, said “I am pleased that we are extending repayment of our loan with Auramet to March 14, 2025 allowing us to complete various strategic financing initiatives during this timeframe.”
Loan Extension
An extension fee of US$438,465 will be paid by March 14, 2025 and 1,750,000 warrants with a strike price of $0.96 per share will be issued with a 9 month expiry. 750,000 warrants previously issued with the initial loan will be cancelled. The loan will carry an interest rate of 1.25% per month for the extension period. The interest payable on the original loan amount has also been deferred to March 14th, 2025. The warrants and the underlying common shares are subject to a four month hold period under Canadian securities laws. The extension is subject to TSX Venture Exchange approval.
About Auramet
Auramet is one of the largest physical precious metals merchants in the world with over US$20 billion in annual revenues and which provides a full range of services to all participants in the precious metals supply chain. Auramet is a private company established in 2004 by seasoned professionals who have assembled a global team of industry specialists with over 350 years combined industry experience. Their business consists of three main activities: physical metals trading, metals merchant banking (including direct lending) and project finance advisory services. The company has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector. In fiscal year 2024 it purchased 7.4 million ounces of gold, 118 million ounces of silver and 4 million ounces of PGMs, and has provided term financing facilities in excess of US$1 billion to date. Auramet is looking to grow its capital investment business in equity, royalties and streams in the precious metals and battery related metals mining space. Auramet is proud to have been awarded a Gold Medal the past two years for its ESG commitment by EcoVadis, the most trusted provider of ESG ratings with a network of more than 130,000 rated companies. For more information on Auramet, please visit www.auramet.com.
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
NT4


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