Canada Nickel Secures Preliminary Funding Commitment
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Canada Nickel Secures Preliminary Funding Commitment

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Canada Nickel Company (TSE:CNC) has released an update.

Canada Nickel Company Inc. has taken a significant step towards funding its Crawford Nickel Sulphide Project by obtaining a Letter of Interest for long-term debt financing of up to US$500 million from Export Development Canada. The company anticipates qualifying for over US$600 million in tax credits and is working with financial advisors to secure the remaining funds, with construction expected to commence by mid-2025.

For further insights into TSE:CNC stock, check out TipRanks’ Stock Analysis page.

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