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An update from Canada Nickel Company ( (TSE:CNC) ) is now available.
Canada Nickel Company has announced an extension of the closing date for its $20 million Convertible Note with Taykwa Tagamou Nation, now expected to close by February 14, 2025. This extension is subject to various conditions, including TSX Venture Exchange approval and required consents, reflecting the company’s strategic financial maneuvers to support its operations and market positioning in low-risk jurisdictions.
More about Canada Nickel Company
Canada Nickel Company Inc. is focused on advancing nickel-sulphide projects to supply the electric vehicle and stainless-steel markets. Its flagship project is the Crawford Nickel Sulphide Project located in the Timmins Nickel District. The company is also working on trademarking NetZero NickelTM, NetZero CobaltTM, and NetZero IronTM, aiming to develop processes for producing net zero carbon metals.
YTD Price Performance: -9.66%
Average Trading Volume: 34,993
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $105.6M
For an in-depth examination of CNC stock, go to TipRanks’ Stock Analysis page.
