Canada Nickel Secures US$15 Million Loan Facility - A Strategic Move for Growth

• Canada Nickel Company Inc. closes US$15 million secured loan facility with Auramet International, Inc.
• Loan due January 9, 2025, with 1% monthly interest rate and 2.5% arrangement fee
• Auramet receives 750,000 1-year warrants with a strike price of $1.42 per common share
• Proceeds to be used for working capital purposes
• Canada Nickel advancing Crawford Nickel-Cobalt Sulphide Project in Timmins-Cochrane mining camp

About Canada Nickel

Canada Nickel Company Inc. (TSXV: CNC) (OTCQX: CNIKF) is a forward-thinking mining company at the forefront of the next generation of nickel-sulphide projects. With a clear focus on meeting the growing demand for nickel in the electric vehicle and stainless steel markets, Canada Nickel is strategically positioned to capitalize on the global shift towards sustainable energy and infrastructure. The company's flagship Crawford Nickel-Cobalt Sulphide Project, located in the heart of the prolific Timmins-Cochrane mining camp, serves as the cornerstone of its operations.

Canada Nickel presents a compelling investment opportunity for those looking to gain exposure to the burgeoning nickel market. The company's strategic focus on developing net-zero carbon nickel, cobalt, and iron products aligns perfectly with the growing demand for sustainably sourced materials in the EV and stainless steel industries. With its 100% owned Crawford project and innovative approach to low-carbon mining, Canada Nickel is well-positioned to become a key player in the green energy transition. The recent US$15 million loan facility further strengthens the company's financial position, providing the necessary working capital to advance its projects and potentially accelerate its path to production.

Loan Facility Details: Strengthening Financial Position

On July 9, 2024, Canada Nickel announced the successful closing of a US$15 million secured loan facility with Auramet International, Inc. This strategic financial move provides the company with additional working capital, enhancing its ability to advance its projects and maintain operational flexibility.

This capital infusion is expected to bolster Canada Nickel's working capital, providing the necessary resources to continue its development efforts and maintain operational momentum.

Auramet: A Strategic Financial Partner

The choice of Auramet International as a financial partner is significant for Canada Nickel. Auramet is a major player in the precious metals industry, with annual revenues exceeding US$20 billion. Their expertise spans physical metals trading, metals merchant banking, and project finance advisory services.

The partnership with Auramet not only provides Canada Nickel with the necessary funding but also aligns the company with a respected and experienced player in the metals industry. This relationship could potentially open doors for future financing options and industry connections.

Crawford Nickel-Cobalt Sulphide Project: The Flagship Asset

At the heart of Canada Nickel's operations is the Crawford Nickel-Cobalt Sulphide Project. Located in the Timmins-Cochrane mining camp, an area known for its rich mineral deposits and established mining infrastructure, Crawford represents a significant opportunity in the nickel sector.

Key points about the Crawford project:

• 100% owned by Canada Nickel
• Strategically located in a low political risk jurisdiction
• Potential to become a major source of nickel for the EV and stainless steel markets
• Focus on developing net-zero carbon nickel, cobalt, and iron products

The Crawford project's potential to produce net-zero carbon products aligns with the growing demand for sustainably sourced materials in the EV and stainless steel industries. This unique selling proposition could give Canada Nickel a competitive edge in the market and attract environmentally conscious investors and customers.

Market Outlook: Nickel's Role in the Green Energy Transition

The nickel market is poised for significant growth, driven primarily by the rapid expansion of the electric vehicle industry and the continued demand from the stainless steel sector. As a key component in lithium-ion batteries, nickel is essential for increasing the energy density and range of electric vehicles.Key market drivers include:

• Growing electric vehicle adoption rates globally
• Increasing battery sizes in EVs to improve range
• Ongoing demand from the stainless steel industry
• Push for domestically sourced critical minerals in North America and Europe

Canada Nickel's focus on developing nickel resources in a stable jurisdiction like Canada positions it well to capitalize on these trends. The company's emphasis on sustainable production methods also aligns with the growing demand for responsibly sourced materials in the EV supply chain.

A Promising Player in the Nickel Market

Canada Nickel stands out as a promising player in the nickel market, with its strategic focus on sustainable production and its well-located Crawford project. The recent US$15 million loan facility with Auramet International strengthens the company's financial position and provides the necessary working capital to advance its projects.

Key investment considerations include:

• Exposure to the growing nickel market, driven by EV and stainless steel demand
• Focus on sustainable, net-zero carbon production methods
• Strategic location in a stable mining jurisdiction
• Potential for value creation as the Crawford project advances
• Alignment with global trends towards sustainable and responsibly sourced materials

For investors seeking exposure to the nickel market and the broader green energy transition, Canada Nickel offers an intriguing opportunity. However, as with any mining investment, thorough due diligence and an understanding of the risks involved are essential.

As Canada Nickel continues to advance the Crawford project and develop its innovative production methods, it will be a company worth watching in the evolving landscape of sustainable mining and critical minerals production.