Canada Nickel Awards Exclusive Mandate for US$600 million Investment Tax Credit Loan Facility to SB1 Markets AS

Executive Summary

• Canada Nickel Company Inc. has appointed SB1 Markets AS as exclusive advisor to arrange a US$600 million debt financing facility.
• The facility is structured to monetize Investment Tax Credits expected to be generated by the construction of the Crawford Nickel Project.
• The financing is targeted for completion by the end of 2026, positioning the company ahead of a Final Investment Decision (FID) on the Crawford project in 2027.

Key Details

• Advisor Appointment: SB1 Markets AS appointed as exclusive advisor to arrange the debt financing.
• Facility Size: Up to US$600 million.
• Purpose & Use of Proceeds: To monetize Canadian Investment Tax Credits for critical mineral projects, funding more than half of the equity capital required to construct the Crawford Nickel-Cobalt Sulphide Project.
• Timeline: Financing expected to be arranged by the end of 2026, preceding a targeted Final Investment Decision in 2027.
• Project Context: Crawford is a 100% owned flagship project in the Timmins-Cochrane mining camp, with final permitting decisions expected shortly.
• Status & Risk: No assurance that the proposed financing will be completed; specific terms will be disclosed in a subsequent release if finalized.

Notable Quotes

• Mark Selby, CEO and Director: "We are very pleased to work with SB1 Markets, a global leader with deep experience and a highly successful track record in providing debt financing for natural resource projects. With a final permitting decision expected shortly, we can now move more aggressively on key components of our project financing as we advance towards a final investment decision. This bridge financing is central to Crawford's overall capital structure; it allows us to deploy Canada's generous investment tax credits available for critical mineral projects in Canada to fund more than half of the equity capital we need to build Crawford."