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

Core Viewpoint - Canada Nickel Company has successfully closed a US$32 million bridge loan facility with Auramet International, aimed at advancing its Crawford Nickel Sulphide Project and repaying an existing loan [1] Loan Facility - The bridge loan is due on May 9, 2026, with an interest rate of 1.00% per month and a 2.5% arrangement fee [1] - Auramet received 1,750,000 one-year warrants at an exercise price of $2.03 as part of the loan agreement [1] - The loan is subject to customary terms and conditions, including specified positive and negative covenants [1] About Auramet - Auramet is a private company established in 2004, recognized as one of the largest physical precious metals merchants globally, having provided over $1.3 billion in term financing [1] - The company offers a range of services including physical metals trading, metals merchant banking, and project finance advisory [1] About Canada Nickel Company - Canada Nickel is focused on developing nickel-sulphide projects to meet the growing demand in electric vehicle and stainless-steel markets [1] - The company is pursuing the development of processes for producing net zero carbon nickel, cobalt, and iron products [1] - Canada Nickel's flagship project is the 100% owned Crawford Nickel-Cobalt Sulphide Project located in the Timmins-Cochrane mining camp [1]