Canada Nickel Company (TSE:CNC) has released an update.
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.
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