Canada Nickel Secures $32 Million Bridge Loan to Advance Crawford Project
Canada Nickel Company Inc. has recently made a significant stride in its growth strategy by securing a $32 million bridge loan facility from Auramet International, Inc. This critical funding will enable Canada Nickel to push forward with its flagship Crawford Nickel Sulphide Project while also addressing its financial obligations with Ber Tov Capital Corporation.
The bridge loan facility is set to close on or before February 9, 2026, and is due for repayment by May 9, 2026. The interest rate is fixed at 1.00% per month, along with a 2.5% arrangement fee, which reflects the company's financial planning and resource management efforts. In addition to the loan, Auramet will be granted 1,750,000 one-year warrants, which will provide the company with a chance to invest further based on the common shares' market performance.
Mark Selby, Canada Nickel's CEO, expressed his satisfaction with the ongoing support from Auramet, stating, "We are pleased to have the continued support of Auramet, our longstanding financing partner, through this $32 million bridge facility. This funding ensures we remain well-capitalized to advance the Crawford Nickel Sulphide Project towards construction by year-end 2026 as we complete funding discussions with government and project partners." This statement underscores the strategic collaboration between the two companies that is essential for future projects.
The Crawford Nickel Sulphide Project is critical as it aims to meet the growing demand for nickel, particularly in electric vehicle (EV) and stainless-steel markets. In today's market, where sustainability and reduced carbon emissions are paramount, Canada Nickel's initiative to develop net zero carbon nickel is timely and significant. The company holds multiple trademark applications, such as NetZero NickelTM, NetZero CobaltTM, and NetZero IronTM, which position it favorably amid increasing environmental regulations and market expectations.
Auramet International is a well-established private firm specializing in precious metals trading and financing, with a robust track record of providing over $1.3 billion in financing facilities. Their expertise and extensive experience will not only support Canada Nickel's current endeavors but also enhance its credibility in future financings. Auramet's involvement demonstrates their confidence in Canada Nickel's strategic vision and operational capabilities.
With the bridge loan in place and the Crawford Project progressing towards construction, Canada Nickel is well-poised to capitalize on market opportunities in the renewable energy sector. The timely execution of this loan agreement is a pivotal moment for the company as it aims to transition from development to operational status. Given the increasing demand for sustainable nickel production, Canada Nickel's commitment to reducing carbon emissions positions it as a leader in this transformation.
As the world shifts towards electric mobility and high-performance materials, Canada Nickel reflects a forward-thinking approach that aligns with both industry needs and environmental stewardship. Stakeholders can expect further developments as the company engages with governmental and private partners in its quest to advance the Crawford Nickel Sulphide Project and drive sustainable resource development.
For more information on Canada Nickel and its exciting developments, visit www.canadanickel.com.
Loan Details
The bridge loan facility is set to close on or before February 9, 2026, and is due for repayment by May 9, 2026. The interest rate is fixed at 1.00% per month, along with a 2.5% arrangement fee, which reflects the company's financial planning and resource management efforts. In addition to the loan, Auramet will be granted 1,750,000 one-year warrants, which will provide the company with a chance to invest further based on the common shares' market performance.
Mark Selby, Canada Nickel's CEO, expressed his satisfaction with the ongoing support from Auramet, stating, "We are pleased to have the continued support of Auramet, our longstanding financing partner, through this $32 million bridge facility. This funding ensures we remain well-capitalized to advance the Crawford Nickel Sulphide Project towards construction by year-end 2026 as we complete funding discussions with government and project partners." This statement underscores the strategic collaboration between the two companies that is essential for future projects.
Project Significance
The Crawford Nickel Sulphide Project is critical as it aims to meet the growing demand for nickel, particularly in electric vehicle (EV) and stainless-steel markets. In today's market, where sustainability and reduced carbon emissions are paramount, Canada Nickel's initiative to develop net zero carbon nickel is timely and significant. The company holds multiple trademark applications, such as NetZero NickelTM, NetZero CobaltTM, and NetZero IronTM, which position it favorably amid increasing environmental regulations and market expectations.
Auramet: A Valued Partner
Auramet International is a well-established private firm specializing in precious metals trading and financing, with a robust track record of providing over $1.3 billion in financing facilities. Their expertise and extensive experience will not only support Canada Nickel's current endeavors but also enhance its credibility in future financings. Auramet's involvement demonstrates their confidence in Canada Nickel's strategic vision and operational capabilities.
Future Outlook
With the bridge loan in place and the Crawford Project progressing towards construction, Canada Nickel is well-poised to capitalize on market opportunities in the renewable energy sector. The timely execution of this loan agreement is a pivotal moment for the company as it aims to transition from development to operational status. Given the increasing demand for sustainable nickel production, Canada Nickel's commitment to reducing carbon emissions positions it as a leader in this transformation.
As the world shifts towards electric mobility and high-performance materials, Canada Nickel reflects a forward-thinking approach that aligns with both industry needs and environmental stewardship. Stakeholders can expect further developments as the company engages with governmental and private partners in its quest to advance the Crawford Nickel Sulphide Project and drive sustainable resource development.
For more information on Canada Nickel and its exciting developments, visit www.canadanickel.com.
Topics Financial Services & Investing）
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