Canada Nickel Extends Auramet Facility, Appoints IR Firm & Adds Timmins District Land

Canada Nickel (TSXV: CNC | OTCQX: CNIKF) has extended its US$32 million loan facility with Auramet International, Inc. to August 9, 2026, retained Rose & Company Holdings, LLC on a one-year investor relations mandate, and entered into two agreements to add mineral claims in the Cochrane District of Northern Ontario. Both land transactions and the new warrant issuance tied to the facility extension remain subject to TSX Venture Exchange requirements or approvals.

Loan Facility Extension

Canada Nickel has amended its existing US$32 million facility with Auramet International, Inc., extending the maturity date from May 9, 2026, to August 9, 2026. The extension carries a fee of US$824,257.

As part of the amended terms, 3,500,000 new common share purchase warrants are to be granted by May 9, 2026. Each new warrant is exercisable for one common share at a price equal to a 5% premium over the 5-day volume-weighted average price on the TSX Venture Exchange ending May 8, 2026, and remains valid for 12 months following issuance.

Concurrently, 1,750,000 common share purchase warrants previously issued in February 2026, at an exercise price of $2.03 per share, have been cancelled pursuant to TSX Venture Exchange requirements.

Investor Relations Mandate

Canada Nickel has retained Rose & Company Holdings, LLC to provide investor relations services, including investor outreach and engagement. The mandate runs for one year at a fee of US$62,500 per quarter, payable from cash on hand, with no equity compensation to the firm.

Canada Nickel holds a one-time right to terminate the arrangement after six months. Rose & Company Holdings operates at arm's length from the company and holds no securities or other interests in Canada Nickel. The company will reimburse reasonable out-of-pocket expenses incurred in connection with the mandate.

Timmins Nickel District Land Consolidation

Canada Nickel has executed two separate transactions to consolidate mineral claims in the Cochrane District of Northern Ontario.

The first is an amending agreement to a prior option agreement, structured to delay certain payments otherwise due to the optionors. Consideration for the amendment is $75,000 in cash and 5,000 common shares, and the transaction is subject to TSX Venture Exchange approval.

The second is a purchase and sale agreement under which Canada Nickel acquires a 100% interest in additional mineral claims from arm's-length vendors for $2,400 in cash and 30,000 common shares. This transaction is also subject to TSX Venture Exchange approval.

Next Steps

Pricing for the 3,500,000 new warrants is subject to TSX Venture Exchange pricing requirements, and the warrants are to be granted no later than May 9, 2026. Both the option amendment and the mineral claim acquisition remain conditional on TSX Venture Exchange approval.