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2 clusters · 3 sources · 26 days · First seen · Last updated

Categories: BUSINESS

Canada Nickel financing developments

Entities: Auramet International Inc. · Canada Nickel Company Inc. · Mark Selby

Overview

In early July 2026, Canada Nickel Company announced that it had secured new financing to advance the Crawford nickel project in Ontario. By the end of the month, the firm reported a further financing move: a $32 million loan from Auramet International was extended from the original August 9 deadline to November 9, 2026. The extension includes an $856,288 fee and the issuance of 5.5 million stock options at a $1.52 per‑share price, while previously granted options at $1.81 per share were cancelled. Both actions are pending exchange approval and are part of the company's broader effort to fund construction, which it expects to commence after obtaining a federal permit and a construction permit in 2027.

Timeline

  1. 3 days ago

    [BUSINESS] 3 sources
    Canada Nickel Extends $32M Loan Repayment to November 2026

    Canada Nickel pushes its $32 M loan repayment with Auramet to Nov 2026, pays $856k fee, and issues 5.5 M share‑purchase options, pending exchange approval.

  2. 28 days ago

    [BUSINESS] 2 sources
    Canada Nickel Company secures new financing for Crawford nickel project in Ontario

    Canada Nickel obtains CAD 6.21 m private placement and a US $600 m tax‑credit financing mandate to advance its Crawford nickel project in Ontario, aiming to supply low‑carbon nickel amid rising demand.

Sources

deutscherpresseindex.de · resource-capital.ch · technologiebox.de