Canada Nickel Company ( (TSE:CNC) ) has provided an update.
Canada Nickel Company has extended the repayment date of a US$15 million loan with Auramet International to April 25, 2025, allowing it to pursue strategic financing initiatives. This extension, which incurs a fee and an interest rate of 1.25% per month, provides the company with additional time to strengthen its financial position and continue its focus on nickel production for high-growth markets.
More about Canada Nickel Company
Canada Nickel Company Inc. is focused on advancing nickel-sulphide projects to supply the growing electric vehicle and stainless steel markets. The company is developing processes to produce net zero carbon nickel, cobalt, and iron products, and is anchored by its Crawford Nickel-Cobalt Sulphide Project in the Timmins-Cochrane mining camp.
YTD Price Performance: 17.45%
Average Trading Volume: 19,915
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $142.6M
For a thorough assessment of CNC stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com