#Canada #Toronto #Canada Nickel #Taykwa Tagamou Nation #Convertible Note

Canada Nickel Strengthens its Commitment with Taykwa Tagamou Nation

In a pivotal development, Canada Nickel Company Inc. has finalized a $20 million Convertible Note agreement with the Taykwa Tagamou Nation (TTN), marking a historic milestone as the largest investment made by a First Nation in a Canadian critical minerals company. This partnership, announced on May 27, 2025, is the culmination of efforts that date back to a prior announcement made on December 16, 2024.

The Closing of this Convertible Note is of great significance, as it symbolizes a commitment to economic self-determination and responsible resource development between the company and the TTN. This partnership is not merely a financial transaction; it embodies a long-term collaboration that fosters mutual respect and shared goals. Chief Bruce Archibald of the Taykwa Tagamou Nation emphasized the importance of this agreement, highlighting how it illustrates the power of First Nations being recognized as true equity partners with the ability to influence decisions that impact their future.

Deputy Chief Derek Archibald noted that this investment is a reflection of the extensive work TTN has done over the years to enhance its economic stability through infrastructure investments, project development, and governance. They have built a foundation of trust with Canada Nickel, which underscores the productive relationship they have cultivated. The Chief commended Canada Nickel for its transparency and cooperation—qualities that bode well for their shared ventures moving forward.

Mark Selby, the CEO of Canada Nickel, expressed his honor at having the Taykwa Tagamou Nation as long-term partners, asserting that their collaboration has been vital right from the start of the Crawford Nickel Sulphide Project. This investment not only enhances their developmental prospects but also anchors their shared commitment to fostering generational benefits for the Nation, the Northern community, and Canada’s clean energy future.

The Details of the Convertible Note

The secured $20 million Convertible Note comes with a five-year term from the closing date. Initially set with a fixed coupon of 4.75%, the rate has been adjusted to 6.15% annually, payable quarterly prior to conversion, to accommodate the financing needs of TTN. Under the terms of the agreement, TTN has the option to convert the Note into 16.67 million common shares at a conversion price of $1.20 per share. This conversion would equate to a 7.9% equity interest in Canada Nickel, based on the current outstanding shares of the company.

Additionally, TTN will secure a seat on the Canada Nickel Board of Directors, ensuring that their voice and interests are represented at the corporate level, signifying an important step toward empowerment and influence within the company.

About Canada Nickel Company

Canada Nickel is a leading firm dedicated to advancing the next generation of nickel-sulphide projects, catering to high-demand markets such as electric vehicles and stainless steel. Their flagship initiative, the Crawford Nickel Sulphide Project, is strategically located in the emerging Timmins Nickel District—a promising region for nickel mining. The Company is ambitiously pursuing environmentally responsible practices and has applied for trademarks for products that align with their commitment to sustainability, including NetZero Nickel™ and others.

Through this arrangement with TTN and the work on the Crawford project, Canada Nickel is positioning itself at the forefront of the nickel industry while maintaining a strong focus on sustainable and responsible resource extraction that benefits all stakeholders involved.

For further information, Mark Selby, CEO, can be contacted at 647-256-1954. Media inquiries can be directed to Sydney Oakes, Director of Indigenous Relations and Public Affairs, at 905-929-7151.