Canada Nickel Upsizes Non-Brokered Placement to C$21 Million on Strong Demand

Canada Nickel Company Inc. has increased the size of its previously announced non-brokered private placement from gross proceeds of C$15 million to up to C$21 million, citing strong investor demand. The upsized offering will consist of up to 14,000,000 units priced at C$1.50 per unit, with each unit comprising one common share and one-half of one common share purchase warrant. The offering is scheduled to close on or around August 28, 2026, subject to customary closing conditions and approval from the TSX Venture Exchange (TSXV).

Company Overview

Canada Nickel Company Inc. (TSXV: CNC | OTCQX: CNIKF) is advancing the next generation of nickel-sulfide projects to supply nickel for the electric vehicle and stainless steel markets. The company is anchored by its 100%-owned flagship Crawford Nickel-Cobalt Sulfide Project, located in the Timmins-Cochrane nickel district of Ontario. Canada Nickel is pursuing the development of processes to enable the production of net-zero carbon nickel, cobalt, and iron products, and has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, and NetZero Iron.

Offering Terms

The upsized offering will consist of up to 14,000,000 units, up from the structure originally announced in support of C$15 million in gross proceeds. Each unit is priced at C$1.50 and comprises one common share plus one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at C$2.25 for a period of 36 months following the issue date.

The units are being offered to purchasers outside Canada under an exemption from prospectus requirements available under Ontario Securities Commission Rule 72-503, Distributions Outside Canada. Securities issued to purchasers outside Canada under this exemption are not expected to be subject to a 4-month hold period in Canada.

Use of Proceeds

Canada Nickel plans to direct net proceeds from the offering toward permitting and engineering activities supporting advancement of its projects, repayment of outstanding indebtedness, and working capital and general corporate purposes.

Next Steps

The offering is scheduled to close on or around August 28, 2026, subject to customary conditions, including execution of definitive documentation and receipt of all necessary approvals, including approval from the TSXV.