Northwire Canada EditionWednesday, November 11, 2026
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Financings

Canada Nickel closes $32-million (U.S.) bridge loan

By The Northwire Desk — AI Analysis Feb 10, 2026 · 14:27 CNC · 1.93 Canada Nickel Company Inc.
CNC · Price

Executive Summary

  • Canada Nickel Company Inc. has closed a $32 million (U.S.) bridge loan facility with Auramet International Inc.
  • The proceeds are designated to advance the company's flagship Crawford nickel sulphide project and to repay an existing loan held by BT Strategic Minerals Assets LP.
  • The facility carries a 1% monthly interest rate, a 2.5% arrangement fee, and includes warrant compensation for the lender.

Key Details

  • Transaction Amount: $32 million (U.S.) bridge loan facility.
  • Counterparty: Auramet International Inc.
  • Use of Proceeds: Financing for the Crawford nickel sulphide project and repayment of existing debt with BT Strategic Minerals Assets LP (anchor investor: Baronet Capital).
  • Maturity Date: May 9, 2026.
  • Interest Rate: 1.00% per month.
  • Arrangement Fee: 2.5%.
  • Warrant Terms: Auramet received 1.75 million one-year warrants at an exercise price of $2.03.
  • Restrictions: The warrants and underlying shares are subject to a four-month hold period under applicable Canadian securities laws.
  • Covenants: Subject to customary positive and negative covenants for this type of transaction.
Read the original news release →

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