CANADA NICKEL CO INC - CNIKF STOCK NEWS

Canada Nickel reports successful assay results from the 'B' Zone at Bannockburn, with multi-hundred meter intervals of nickel ranging from 0.27-0.29% and higher grade intervals of 0.3% or better. The upcoming summer 2024 drill program aims to complete the Canada Nickel program for an initial resource later in 2024.

Canada Nickel Company Inc. plans to develop two processing facilities in the Timmins Nickel District, aiming to be the largest nickel processing facility in North America. The facilities will be designed to be net zero-carbon and utilize carbon storage capacity to store CO2. The Company is at the site-selection stage and expects to complete feasibility studies by year-end. Production is estimated to begin by 2027, positioning the company at the forefront of the global transition to greener energy and materials.

Canada Nickel Company Inc. has completed an equity investment by Samsung SDI Co., Ltd. for US$18.5 million, resulting in Samsung SDI holding 8.7% of the company's common shares.

Canada Nickel Company Inc. has extended the repayment date of a $12 million loan facility with Auramet International, Inc. and entered into purchase and sale agreements for mining claims in Ontario. The company has also agreed to issue common shares to two indigenous nations as part of exploration agreements and confirmed cash fees for a private placement of flow-through units.

Samsung SDI to invest US$18.5 million in Canada Nickel Company Inc. (CNC) and acquire approximately 15.6 million shares, becoming an 8.7% shareholder. Samsung SDI also gains the right to purchase a 10% equity interest in the Crawford project for US$100.5 million. Canada Nickel will grant Samsung SDI certain offtake rights to the project's nickel-cobalt products.

Canada Nickel Company Inc. (TSXV: CNC) (OTCQX: CNIKF) has completed a brokered private placement, receiving flow-through funding of $34.7 million and making Agnico Eagle Mines Limited a 12% shareholder. The Offering consists of 19,600,000 units at a price of C$1.77 per unit, with each unit including one flow-through common share and 0.35 of one flow-through common share purchase Warrant. The proceeds will help unlock the potential of the Timmins Nickel District and advance various offtake initiatives. Agnico Eagle has acquired the units and holds approximately 12% of the Company's issued and outstanding common shares on a non-diluted basis, and 15.6% on a partially-diluted basis (assuming exercise of all of the Warrants).

Canada Nickel Company Inc. (CNC) has extended the repayment date of a US$12 million loan facility with Auramet International, Inc. to January 18, 2024. The extension involves issuing 350,000 one year common share purchase warrants with a strike price of $1.19 per share and paying an extension fee of 1.5% of the repayment amount of US$185,519. The loan will carry an interest rate of 1.25% per month for the extension period. The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws. The extension is also subject to TSX-V approval. Mark Selby, CEO of Canada Nickel, expressed satisfaction with the extension, noting that it allows the company to advance various financing and offtake initiatives expected to complete during this timeframe.

Canada Nickel Company Inc. (CNC), a leading nickel mining company, has filed a Bankable Feasibility Study (BFS) for its Crawford Nickel Sulphide Project. The BFS, independently prepared by Ausenco Engineering Canada Inc., highlights robust economics, large initial mineral reserves, large scale, low cost, long-life production, significant improvement in recoveries, significant earnings and free cash flow generation, and minimization of carbon footprint. The project is expected to become one of Canada's largest carbon storage facilities and be a net negative contributor of CO2 over the project life.

The Watchlist by The Market Herald releases new interviews with Leveljump Healthcare, Kootenay Silver, Sendero Resources, Nextech3D.ai, and Canada Nickel Company.