Additional milestone in securing project financing for the Crawford Nickel Sulphide Project
TORONTO, Sept. 12, 2024 /CNW/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today announced receipt on September 11, 2024 of a support letter from a leading financial institution stating its interest in providing long term debt financing of up to C$500 million (approximately US$370 million) of project debt, for development of the Crawford Nickel sulphide project in Timmins, Ontario. Terms and conditions (including pricing) will be subject to further due diligence and discussions with lenders, lenders advisors and Canada Nickel and its financial advisors. This support letter is incremental to that received last week from Export Development Canada. Combined these letters of interest amount to approximately US$870m of senior debt – a substantial portion of the Company's intended senior debt target.
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