Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) has appointed two financial advisors: Deutsche Bank Securities Inc. and Scotiabank. The two banks will serve as financial advisors for the equity component of the project financing for CNIKF’s Crawford Nickel Sulphide Project. According to the announcement, Canada Nickel has been “engaged in discussions” for the past 18 months as it has worked to identify financial advisors. The feasibility study on the Sulphide Project is nearing completion, and the company’s next priorities are project financing and permitting activities to ensure that financing is in place in a timely manner. Deutsche Bank and Scotiabank will provide invaluable assistance in this process, including the evaluation of strategic and financial alternatives for the equity portion of the project financing as well defense advisory and planning. Canada Nickel noted that it is also working on engaging an advisor for the debt portion of the project financing in early 2023. “As we move into the next phase of advancing Crawford towards production, we are pleased to engage two of the world’s leading investment banks with a broad base of mining and industrial expertise, Scotiabank and Deutsche Bank, to advise the Company on alternatives for the equity portion of the project financing for Crawford,” said Canada Nickel chair and CEO Mark Selby in the press release. “We are also pleased to announce that our team has completed another significant permitting milestone on the critical path towards production, by filing the detailed project description with the Impact Assessment Agency of Canada earlier this week. We continue to target receipt of permits by mid-2025 with construction to immediately follow.”
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About Canada Nickel Company
Canada Nickel 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 has applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM), and is also pursuing the development of processes to allow the production of net zero carbon nickel, cobalt and iron products. The company provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information about the company, visit www.CanadaNickel.com.
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