Canada Nickel Secures $15 Million Loan Facility with Auramet International, Inc.

Canada Nickel Closes Previously Announced US$15 Million Loan Facility with Auramet International, Inc. Canada Nickel Company Inc. (TSXV: CNC) (OTCQB: CNIKF) (Canada Nickel or the Company) is pleased to announce that it has successfully closed the previously announced US$15 million loan facility with Auramet International, Inc. (Auramet). This financing agreement will provide the Company with additional financial flexibility to advance its Crawford Nickel-Cobalt Sulphide Project located in Timmins, Ontario. The loan facility with Auramet represents a significant milestone for Canada Nickel as it positions the Company to accelerate the development of the Crawford Project, which is one of the largest undeveloped nickel-cobalt sulphide projects globally. The loan will be used to fund ongoing exploration, engineering, and permitting activities at the Crawford Project, as well as working capital and general corporate purposes. By securing this loan facility, Canada Nickel demonstrates its strong financial position and ability to attract strategic financing partners in the mining industry. The confidence shown by Auramet in providing this financing underscores the potential and attractiveness of the Crawford Project. Mark Selby, Chairman and CEO of Canada Nickel, commented on the closing of the loan facility, stating, We are pleased to have closed the US$15 million loan facility with Auramet, a respected global metals merchant. He added, This financing enhances our liquidity position and provides us with the necessary funds to advance our flagship Crawford Project through its next phase of development. Canada Nickel continues to make significant progress at the Crawford Project, including successful exploration results and advancements in engineering and resource estimation. The Company remains focused on unlocking the full potential of the project and is committed to developing a sustainable, low-carbon nickel and cobalt operation in Canada. With the financial support from Auramet, Canada Nickel is well-positioned to achieve its strategic objectives and create long-term value for its shareholders. As the demand for nickel and cobalt continues to grow in the electric vehicle and battery industries, the Crawford Project is poised to play a key role in supplying these essential metals to support the global transition towards clean energy. In conclusion, the closing of the US$15 million loan facility with Auramet is a significant milestone for Canada Nickel and a testament to the Company’s strong prospects in the mining sector. With a solid financial foundation and a world-class asset in the Crawford Project, Canada Nickel is on track to become a leading nickel and cobalt producer in North America.