Canada Nickel closed a $32 million bridge loan facility with Auramet International. Proceeds from the facility will be used to provide additional funding to advance the company’s flagship Crawford Nickel Sulphide Project and to repay the existing loan with BT Strategic Minerals Assets, whose anchor investor is Baronet Capital.
The bridge loan facility is due May 9, 2026, carries an interest rate of 1.00% per month, and is subject to a 2.5% arrangement fee. At closing, Auramet received 1,750,000 one-year warrants at an exercise price of $2.03. The loan is subject to such terms and conditions, including certain specified positive and negative covenants, that are customary for a transaction of this nature. The warrants and the underlying shares will be subject to a four-month hold period under applicable Canadian securities laws.
