Canada Nickel Provides Corporate Update
1
Canada Nickel Provides Corporate Update
TORONTO, April 28, 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 originally announced July 9, 2024 with Auramet International, Inc. (“Auramet”) from April 25, 2025
to July 25, 2025 with an option to repay the loan prior to May 9, 2025 without any additional extension
fee.
Mark Selby, CEO and Director of Canada Nickel Company, said “I am pleased that we are extending
repayment of our loan with Auramet allowing us to complete various strategic financing initiatives during
this timeframe including the previously announced investment from Taykwa Tagamou Nation.”
Loan Extension
An extension fee of US $345,802 will be paid by July 25, 2025, unless the loan is repaid prior to May 9,
2025, in which case the extension fee will be waived . The loan will carry an interest rate of 1.25% per
month for the extension period. The interest payable on the original loan amount and the extension loan
amounts have also been deferred to July 25, 2025.
About Auramet
Auramet is one of the largest physical precious metals merchants in the world with over US$2 5 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, 1 18 million ounces of silver and 4 million ounces of
PGMs, and has provided term financing facilities in excess of US$1 .25 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. For more information on Auramet, please visit www.auramet.com.
2
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 politi cal 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 Statement Concerning Forward-Looking Statements
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 approval of the TSX Venture Exchange, the use of proceeds from the loan, the completion of any
strategic financing initiatives, the ability of the Company to deliver nickel required to feed the high
growth electric vehicle and stainless steel markets, and the development of processes to allow the
production of net zero carbon nickel, cobalt, and iron products. Readers should not place undue reliance
on forward looking statements. Forward -looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of
Canada Nickel to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. There are no assurances that Crawford will be
placed into production. Factors that could affect the outcome include, among others: inability to repay
the loan or comply with the covenants set out in the loan agreement; the actual results of development
activities; project delays; inability to raise the funds necessary to complete development; general
business, economic, competitive, politi cal and social uncertainties; future prices of metals or project
costs could differ substantially and make any commercialization uneconomic; availability of alternative
nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluati ons; changes in
applicable laws; changes in project parameters as plans continue to be refined; accidents, labour
disputes, the availability and productivity of skilled labour and other risks of the mining industry; political
instability, terrorism, insurr ection or war; delays in obtaining governmental approvals, necessary
permitting or in the completion of development or construction activities; mineral resource estimates
relating to Crawford could prove to be inaccurate for any reason whatsoever; addition al but currently
unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into
production, there is no assurance that operations will be profitable. Although Canada Nickel has
attempted to identify important factors th at could cause actual actions, events or results to differ
3
materially from those described in forward -looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated, estimated or intended. Forward -looking
statements contained herein are made as of the date of this news release and Canada Nickel disclaims
any obligation to update any forward looking statements, whether as a result of new information, future
events or results or otherwise, except as required by applicable securities laws. 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.