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Canada Nickel Company Provides Corporate Update

In a significant update for investors, Canada Nickel Company Inc. (TSXV: CNC, OTCQX: CNIKF) has formally announced an extension to the repayment timeline of its US$32 million loan with Auramet International, originally set for August 9, 2026. The new repayment deadline is now November 9, 2026. This development, communicated by CEO Mark Selby, reflects the continued support from Auramet, allowing Canada Nickel to align its financial strategies with current operational expectations.

Mark Selby expressed satisfaction with the extension, noting that it corresponds with the company's efforts to finalize various financing initiatives before reaching a construction decision in 2027. He highlighted that Canada Nickel is in the concluding segment of the federal permitting process and anticipates receiving a Minister's Decision Statement shortly.

Loan Extension Details

As part of this loan extension, Canada Nickel will incur an extension fee of approximately US$856,288. Furthermore, the company will issue 5,500,000 common share purchase warrants to Auramet, each warrant enabling the purchase of one common share at an exercise price of $1.52—a premium over the recent five-day volume-weighted average price (VWAP) ending on July 27, 2026. These transactions are pending approval from the TSX Venture Exchange.

Additionally, the existing warrants previously issued to Auramet in May 2026, which had an exercise price of $1.81, will be cancelled in accordance with TSX requirements. This step is crucial for maintaining the integrity of the company's financial maneuvers and enhancing its capital structure stability.

About Auramet

Auramet International, founded in 2004, is a leading firm in the precious metals trading sector, boasting over 400 years of combined industry experience among its professionals. This private company has furnished more than $1.5 billion in term financing across the metals supply chain and provides a full suite of services, including physical metal trading and project finance advisory.

Corporate Goals and Nickel Projects

Canada Nickel is committed to pioneering the next generation of nickel-sulphide projects to supply nickel critical for burgeoning electric vehicle and stainless steel markets. The company is currently advancing its flagship Crawford Nickel-Cobalt Sulphide Project, located within the productive Timmins-Cochrane mining area. Canada Nickel is also focusing on sustainable practices, evidenced by its trademark applications for terms like NetZero NickelTM, which highlights its commitment to environmentally friendly production processes.

Canada Nickel offers strong leverage in low political risk environments, making it an attractive prospect for investors looking to tap into the increasing demand for nickel. The company’s ongoing efforts to deliver net zero carbon nickel, cobalt, and iron products position it favorably within the industry, paving the way for future growth.

As Canada Nickel pushes forward, they remain cautious in their approach, aware of the market volatility and operational challenges that could influence their progress. Stakeholders are advised to monitor developments closely as the company navigates this critical phase of its growth trajectory, specifically as it works toward a decisive future involving significant project developments and financing initiatives.

For further inquiries, investors and stakeholders are encouraged to contact Canada Nickel's CEO, Mark Selby directly at 647-256-1954.

Cautionary Note

The forward-looking statements contained herein highlight the company’s strategies and potential outcomes while acknowledging the risks and uncertainties inherent in the mining industry. Stakeholders should remain informed about the changing circumstances and market dynamics that may affect operational success and the overall project feasibility.