Canada Nickel Announces US$32 Million Bridge Loan Facility with Auramet International, Inc.

Core Viewpoint - Canada Nickel Company has secured a US$32 million bridge loan facility from Auramet International to advance its Crawford Nickel Sulphide Project and repay an existing loan with BT Capital [1][2]. Loan Facility - The bridge loan will close on or before February 9, 2026, and is due on May 9, 2026, with an interest rate of 1.00% per month and a 2.5% arrangement fee [2]. - Auramet will receive 1,750,000 one-year warrants at a 5% premium to the 5-day volume weighted average price of the company's shares prior to the closing date [2]. - Proceeds from the loan will be used for working capital and to repay the existing loan with BT Capital, subject to customary conditions including TSX Venture Exchange approval [2]. About Auramet - Auramet is a private company established in 2004, specializing in physical precious metals trading and project finance advisory services, with over $1.3 billion in term financing provided to date [3]. About Canada Nickel Company - Canada Nickel is focused on advancing nickel-sulphide projects to meet the demand from the electric vehicle and stainless-steel markets [4]. - The company is developing processes for net zero carbon nickel, cobalt, and iron products and is anchored by its Crawford Nickel-Cobalt Sulphide Project in the Timmins-Cochrane mining camp [4].