TORONTO, Feb. 3, 2025
/CNW/ - Canada Nickel Company Inc. ("Canada
Nickel" or the "Company") (TSXV: CNC) (OTCQB: CNIKF) has
extended the closing date of the $20
million Convertible Note with Taykwa Tagamou Nation
("TTN"), announced on December
16, 2024. Completion of the transaction is expected to
occur by February 14, 2025 and is
subject to certain conditions, including the approval of the TSX
Venture Exchange, and the receipt of all other required third party
consents.
About Canada Nickel Company
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 is currently anchored by its 100% owned flagship Crawford
Nickel Sulphide Project in the emerging Timmins Nickel District.
Canada Nickel Company has applied in multiple jurisdictions to
trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero
IronTM 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.
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. Generally, forward-looking information can
be identified by the use of forward looking terminology such as
"plans", "expects", or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or
"does not anticipate", or "believes" or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might", or "will be taken", "occur", or "be
achieved". Forward looking information in this news release
includes, but is not limited to: the use of proceeds of the
Offering; the timing and ability of the Company, if at all, to
obtain final approval of the Offering from the TSX Venture
Exchange; the tax treatment of the FT Shares; the timing of
incurring the Qualifying Expenditures and the renunciation of the
Qualifying Expenditures; upgrading existing mineral resources;
publishing new mineral resources on additional properties,
including the timing thereof; and statements regarding exploration
results, exploration plans and other corporate and technical
objectives. Forward-looking information is necessarily based upon a
number of assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking information. Factors that could affect the outcome
include, among others: future prices and the supply of metals, the
future demand for metals, the results of drilling, inability to
raise the money necessary to incur the expenditures required to
retain and advance the Company's properties, environmental
liabilities (known and unknown), general business, economic,
competitive, political and social uncertainties, results of
exploration programs, risks of the mining industry, delays in
obtaining governmental approvals, and failure to obtain regulatory
or shareholder approvals. There can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. 3 Accordingly, readers should not place undue reliance
on forward-looking information. All forward looking information
contained in this press release is given as of the date hereof and
is based upon the opinions and estimates of management and
information available to management as at the date hereof. Canada
Nickel disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by law.
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.
