Canada Nickel Company (TSE:CNC) has released an update.
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Canada Nickel Company Inc. has secured a US$15 million loan from Auramet International, Inc., featuring a 1.00% per month interest rate, due by January 2025, with additional 750,000 1-year warrants at a $1.42 strike price. This financing, intended for working capital, reinforces the company’s capital to support its operations in the nickel-sulphide projects aimed at the electric vehicle and stainless steel markets.
For further insights into TSE:CNC stock, check out TipRanks’ Stock Analysis page.
