Canada Nickel Company (TSE:CNC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Canada Nickel Company Inc. has secured a US$15 million loan facility with Auramet International, Inc. to support ongoing activities such as permitting, engineering, and financing for its Crawford project. The loan, due in January 2025, will finance the company’s working capital needs and is accompanied by 750,000 warrants for Auramet. This financial move is a strategic step towards the targeted mid-year 2025 construction decision for the Crawford project, pending the completion of partnership discussions and permit acquisitions.
For further insights into TSE:CNC stock, check out TipRanks’ Stock Analysis page.
