Canada Nickel Announces Closing of Samsung SDI Equity Investment
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Canada Nickel Announces Closing of Samsung SDI Equity Investment
TORONTO, February 6, 2024 – Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV:
CNC) (OTCQX: CNIKF) has completed its previously announced equity investment by Samsung SDI Co., Ltd.
(“Samsung SDI”) for aggregate gross proceeds of US$18.5 million (see Canada Nickel press release dated
January 19, 2024). Samsung SDI has subscribed for 15.6 million common shares of the Company at C$1.57
per share. Samsung SDI now holds 8.7% of the issued and outstanding common shares of the Company.
About Samsung SDI
Samsung SDI is a manufacturer of rechargeable batteries for the IT industry, automobiles, and energy
storage systems (“ESS”), as well as cutting-edge materials used to produce semiconductors and displays.
Samsung SDI’s executive managers and staff members focus efforts to develop the next generation’s
growth drivers in order to secure Samsung SDI’s place as a creative leader in the energy and materials
industry.
About Canada Nickel
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. For more information, please
visit www.canadanickel.com.
For further information, please contact:
Mark Selby, CEO
Phone: 647-256-1954
Email: [email protected]
Cautionary Note and Statement Concerning Forward Looking Statements
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This press release contains certain information that may constitute "forward-looking information" under
applicable Canadian securities legislation. Forward looking information includes, but is not limited to, the
potential of Crawford; potential size of carbon storage facilities and ability to be a net negative carbon
footprint; mineral resource estimates and mineral reserve estimates; ability to realize on projected
economic estimates, including EBITDA, NPV, IRR, all-in sustaining costs, free cash flow and C1 cash costs;
scale, capital costs, operating costs and life of mine projections; potential to commercialize the IPT
Carbonation process; timing of receipt of permits and commencement of construction and initial
production; eligibility for Canadian federal refundable tax credits; the ability to sell marketable materials;
strategic plans, including future exploration and development results; and corporate and technical
objectives. Forward-looking information is necessarily based upon several assumptions that, while
considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which
may cause the actual results and future events to differ materially from those expressed or implied by
such forward-looking information. Factors that could affect the outcome include, among others: future
prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the
money necessary to incur the expenditures required to retain and advance the property, environmental
liabilities (known and unknown), general business, economic, competitive, political and social
uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining
governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact of COVID-
19 related disruptions in relation to the Company's business operations including upon its employees,
suppliers, facilities and other stakeholders. There can be no assurance that such information will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward-looking information. All
forward-looking information contained in this press release is given as of the date hereof and is based
upon the opinions and estimates of management and information available to management as at the date
hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking
information, whether because of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.