TORONTO, Feb. 18,
2025 /CNW/ - Canada Nickel Company
Inc. ("Canada Nickel" or the "Company")
(TSXV: CNC) (OTCQB: CNIKF) has extended the closing date of the
$20 million Convertible Note with
Taykwa Tagamou Nation ("TTN"), announced on December 16, 2024. Completion of the
transaction is subject to certain conditions, including the
approval of the TSX Venture Exchange, and the receipt of all other
required third party consents.
"We remain committed to completing our investment partnership
with Canada Nickel," said Chief Bruce
Archibald of TTN. "TTN continues to believe that this
important collaboration paves the way for future generations to
thrive while maintaining our commitment to environmental
stewardship and community well-being. We look forward to working
with all parties for this investment to close quickly."
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of
nickel-sulphide projects to deliver nickel required to feed the
high-growth electric vehicle and stainless-steel markets. Canada
Nickel is currently anchored by its 100% owned flagship Crawford
Nickel Sulphide Project in the emerging Timmins Nickel District.
Canada Nickel Company has applied in multiple jurisdictions to
trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero
IronTM and is pursuing the development of processes to allow the
production of net zero carbon nickel, cobalt, and iron products.
Canada Nickel provides investors with leverage to nickel in low
political risk jurisdictions.
For further information, please
contact:
Mark Selby,
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains certain information that may
constitute "forward-looking information" under applicable Canadian
securities legislation. Forward looking information includes, but
is not limited to, drill and exploration results relating to the
target properties described herein (the "Properties"), the
significance of drill results, the ability to continue drilling,
the impact of drilling on the definition of any resource, the
potential of the Crawford Nickel Sulphide Project and the
Properties, timing and completion (if at all) of mineral resource
estimates, the ability to sell marketable materials, strategic
plans, including future exploration and development plans and
results, corporate and technical objectives, and the completion of
assays, follow-up geophysics and further drilling. Forward-looking
information is necessarily based upon several assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking information. Factors that could
affect the outcome include, among others: future prices and the
supply of metals, the future demand for metals, the results of
drilling, inability to raise the money necessary to incur the
expenditures required to retain and advance the property,
environmental liabilities (known and unknown), general business,
economic, competitive, political and social uncertainties, results
of exploration programs, risks of the mining industry, delays in
obtaining governmental approvals, failure to obtain regulatory or
shareholder approvals. There can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance
on forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and
is based upon the opinions and estimates of management and
information available to management as at the date hereof. Canada
Nickel disclaims any intention or obligation to update or revise
any forward-looking information, whether because of new
information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
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SOURCE Canada Nickel Company Inc.
