Canada Nickel Secures US$20 Million Bridge Loan Facilitated by BT Capital and Provides Corporate Update
Canada Nickel Company (OTCQX: CNIKF) has secured a US$20 million bridge loan from BT Strategic Mineral Assets LP, facilitated by BT Capital. The loan, maturing on February 9, 2026, carries a 1% monthly interest rate and includes a 2.5% arrangement fee. As part of the deal, the lender received 5 million one-year warrants exercisable at $0.94.
The funds will be used to advance the company's flagship Crawford Nickel Sulphide Project and repay an existing Auramet loan. Additionally, Canada Nickel expects to close a C$20 million convertible note investment with Taykwa Tagamou Nation during the week of May 12th, 2025.
The company has also acquired 32 mining claims totaling 656 hectares in the Timmins area, issuing 70,000 common shares to vendors. Furthermore, it has settled US$750,000 of Auramet debt by issuing 1,050,909 common shares at $0.99 per share.
Canada Nickel Company (OTCQX: CNIKF) ha ottenuto un prestito ponte di 20 milioni di dollari USA da BT Strategic Mineral Assets LP, facilitato da BT Capital. Il prestito, con scadenza il 9 febbraio 2026, prevede un tasso di interesse mensile dell'1% e una commissione di organizzazione del 2,5%. Come parte dell'accordo, il finanziatore ha ricevuto 5 milioni di warrant della durata di un anno esercitabili a 0,94 dollari.
I fondi saranno utilizzati per portare avanti il progetto di punta dell'azienda, il Crawford Nickel Sulphide Project, e per rimborsare un prestito esistente con Auramet. Inoltre, Canada Nickel prevede di chiudere un investimento in note convertibili da 20 milioni di dollari canadesi con la Taykwa Tagamou Nation nella settimana del 12 maggio 2025.
L'azienda ha anche acquisito 32 concessioni minerarie per un totale di 656 ettari nell'area di Timmins, emettendo 70.000 azioni ordinarie ai venditori. Inoltre, ha saldato un debito di 750.000 dollari USA con Auramet emettendo 1.050.909 azioni ordinarie a 0,99 dollari per azione.
Canada Nickel Company (OTCQX: CNIKF) ha asegurado un préstamo puente de 20 millones de dólares estadounidenses de BT Strategic Mineral Assets LP, facilitado por BT Capital. El préstamo, con vencimiento el 9 de febrero de 2026, tiene una tasa de interés mensual del 1% e incluye una comisión de arreglo del 2,5%. Como parte del acuerdo, el prestamista recibió 5 millones de warrants con vencimiento a un año ejercitables a 0,94 dólares.
Los fondos se utilizarán para avanzar en el proyecto insignia de la compañía, el Crawford Nickel Sulphide Project, y para pagar un préstamo existente con Auramet. Además, Canada Nickel espera cerrar una inversión en notas convertibles por 20 millones de dólares canadienses con Taykwa Tagamou Nation durante la semana del 12 de mayo de 2025.
La empresa también ha adquirido 32 concesiones mineras que suman 656 hectáreas en el área de Timmins, emitiendo 70,000 acciones comunes a los vendedores. Además, ha saldado una deuda de 750,000 dólares estadounidenses con Auramet emitiendo 1,050,909 acciones comunes a 0,99 dólares por acción.
Canada Nickel Company(OTCQX: CNIKF)는 BT Capital이 중개한 BT Strategic Mineral Assets LP로부터 2,000만 달러 규모의 브리지 론을 확보했습니다. 이 대출은 2026년 2월 9일 만기이며 월 1%의 이자율과 2.5%의 수수료가 포함되어 있습니다. 거래의 일환으로 대출자는 행사 가격이 0.94달러인 1년 만기 워런트 500만 주를 받았습니다.
자금은 회사의 주력 사업인 Crawford Nickel Sulphide Project를 진행하고 기존 Auramet 대출을 상환하는 데 사용될 예정입니다. 또한, Canada Nickel은 2025년 5월 12일 주간에 Taykwa Tagamou Nation과 함께 2,000만 캐나다 달러 규모의 전환사채 투자를 마감할 것으로 예상하고 있습니다.
회사는 또한 Timmins 지역에서 총 656헥타르에 달하는 32개의 광산 채굴권을 인수했으며, 판매자에게 보통주 7만 주를 발행했습니다. 더불어 Auramet 부채 75만 달러를 주당 0.99달러에 1,050,909주의 보통주를 발행해 상환했습니다.
Canada Nickel Company (OTCQX: CNIKF) a obtenu un prêt relais de 20 millions de dollars américains auprès de BT Strategic Mineral Assets LP, facilité par BT Capital. Le prêt, arrivant à échéance le 9 février 2026, porte un taux d'intérêt mensuel de 1 % et inclut des frais d'arrangement de 2,5 %. Dans le cadre de l'accord, le prêteur a reçu 5 millions de bons de souscription d'un an exerçables à 0,94 $.
Les fonds seront utilisés pour faire avancer le projet phare de la société, le Crawford Nickel Sulphide Project, et rembourser un prêt existant auprès d'Auramet. De plus, Canada Nickel prévoit de finaliser un investissement en billets convertibles de 20 millions de dollars canadiens avec la Taykwa Tagamou Nation durant la semaine du 12 mai 2025.
La société a également acquis 32 concessions minières totalisant 656 hectares dans la région de Timmins, en émettant 70 000 actions ordinaires aux vendeurs. Par ailleurs, elle a réglé une dette de 750 000 dollars américains envers Auramet en émettant 1 050 909 actions ordinaires à 0,99 $ par action.
Canada Nickel Company (OTCQX: CNIKF) hat eine Überbrückungsfinanzierung in Höhe von 20 Millionen US-Dollar von BT Strategic Mineral Assets LP erhalten, vermittelt durch BT Capital. Das Darlehen, das am 9. Februar 2026 fällig wird, trägt einen monatlichen Zinssatz von 1 % und beinhaltet eine Arrangementgebühr von 2,5 %. Im Rahmen des Deals erhielt der Kreditgeber 5 Millionen einjährige Optionsscheine mit Ausübungspreis von 0,94 US-Dollar.
Die Mittel werden verwendet, um das Flaggschiffprojekt des Unternehmens, das Crawford Nickel Sulphide Project, voranzutreiben und einen bestehenden Auramet-Kredit zurückzuzahlen. Darüber hinaus erwartet Canada Nickel, in der Woche vom 12. Mai 2025 eine wandlungsfähige Anleihe in Höhe von 20 Millionen kanadischen Dollar mit der Taykwa Tagamou Nation abzuschließen.
Das Unternehmen hat außerdem 32 Bergbaulizenzen mit einer Gesamtfläche von 656 Hektar im Raum Timmins erworben und dafür 70.000 Stammaktien an die Verkäufer ausgegeben. Zudem wurde eine Auramet-Schuld in Höhe von 750.000 US-Dollar durch die Ausgabe von 1.050.909 Stammaktien zu je 0,99 US-Dollar beglichen.
- Secured US$20 million bridge loan to advance Crawford Nickel Project
- Expected closing of additional C$20 million convertible note investment
- Strategic expansion through acquisition of 656 hectares of mining claims
- Successful debt settlement with Auramet through share issuance
- High monthly interest rate of 1% on the bridge loan
- Significant dilution through warrant issuance (5 million warrants) and share issuances for debt settlement and property acquisition
- Additional debt burden with new US$20 million loan
"We're pleased that BT Capital, a long-time participant in our financings, has facilitated this
Loan Terms
The loan was provided by BT Strategic Mineral Assets LP, whose anchor investor is Baronet Capital. It matures on February 9, 2026, carries interest at
This secured loan includes customary positive and negative covenants for a transaction of this nature and remains subject to final approval by the TSX Venture Exchange (conditional approval has been received). The security covers all personal property and real property. Proceeds will be used to repay the Company's remaining balance of the loan from Auramet and for general working capital purposes.
Corporate Update: Property Acquisition
As part of its regional consolidation strategy in the
Corporate Update: Debt Settlement
The Company has issued 1,050,909 common shares at a deemed price of
About BT Capital
Ber Tov Capital Corporation is a leader and the originator of structured flow-through financings, enabling clients to access the benefits of flow-through shares while mitigating market risk. Since its founding in 2006, BT Capital has advised clients on more than
For further information, please contact:
Avi Wachsman
Phone: (416) 514-0475
Email: avi@btcapital.ca
About Baronet Capital
Baronet Capital is a family office investment firm established in 2023, focused on prudent, impactful investments that preserve and grow generational wealth while contributing to community well-being. Backed by a substantial capital base, Baronet emphasizes secured, long-term investments over speculative growth and is committed to aligning financial stewardship with meaningful, lasting value.
For further information, please contact:
Jonathan Shields, CIO
Phone: (416) 902-6780
Email: jshields@baronetcapital.ca
About Canada Nickel
Canada Nickel Company Inc. 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 Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its
For further information, please contact:
Mark Selby, CEO
Phone: (647) 256-1954
Email: info@canadanickel.com
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes the ability of the Company to deliver nickel required to feed the high growth electric vehicle and stainless steel markets, and the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Readers should not place undue reliance on forward looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: inability to repay the loan or comply with the covenants set out in the loan agreement; the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in applicable laws; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable. Although Canada Nickel has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
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SOURCE Canada Nickel Company Inc.
FAQ
What are the terms of Canada Nickel's (CNIKF) new US$20 million bridge loan?
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