Important milestone in securing project financing for the Crawford Nickel Sulphide Project
TORONTO, Sept. 6, 2024 /CNW/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today announced receipt of a Letter of Interest ("LOI") from Export Development Canada ("EDC"), signed on August 30, 2024, stating its interest in providing long term debt financing of up to US$500 million of project debt, as Mandated Lead Arranger, for development of the Crawford Nickel Sulphide Project in Timmins, Ontario ("the Project"). EDC could consider a debt tenor of up to eighteen years, subject to certain conditions. EDC's participation in the Project financing is subject to the successful completion of its rigorous due diligence process.
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