{"success":true,"data":{"pressRelease":{"id":"25744","rtpr_id":"nPn3pzMK5a","ticker":"CNC","exchange":"","all_tickers":["CNC"],"title":"Canada Nickel Provides Corporate Update","author":"PR Newswire","published_at":"2026-05-07T12:59:49.726Z","article_body":"Canada Nickel Provides Corporate Update\n\nPR Newswire\n\nTORONTO, May 7, 2026\n\nTORONTO, May 7, 2026 /PRNewswire/ - Canada Nickel Company Inc. (\"Canada\nNickel\" or the \"Company\") (TSXV: CNC) (OTCQX: CNIKF) today announced\nthat it has extended the repayment date of the US$32 million loan\nfacility (the \"Loan\") originally announced February 6, 2026 with Auramet\nInternational, Inc. (\"Auramet\") from May 9, 2026 to August 9, 2026.\n\n(https://mma.prnewswire.com/media/2974840/Canada_Nickel_Company_Inc__Canada_Nickel_Provides_Corporate_Upda.html)\n\nMark Selby, CEO and Director of Canada Nickel Company said \"I am pleased with\nthis continued support from Auramet extending the loan facility to August 9,\n2026.  We continue to make excellent progress on permitting for our Crawford\nproject and we remain firmly on track to receive the federal permitting\ndecision this summer.  We also continue to make excellent progress on\nmultiple financing initiatives which we expect to be completed this summer.\"\n\nLoan Extension\n\nIn connection with the extension of the repayment date of the Loan, the\nCompany will pay an extension fee of US$824,257 and will grant 3,500,000\ncommon share purchase warrants (the \"Extension Warrants\") by May 9, 2026, to\nAuramet. Each Extension Warrant is exercisable to acquire one common share of\nthe Company (\"Common Shares\") at an exercise price equal to a 5% premium over\nthe 5-day volume weighted average price of the Common Shares on the TSX\nVenture Exchange ending on May 8, 2026, subject to compliance with the pricing\nrequirements of the TSX Venture Exchange, for a period of 12 months following\nthe date of issuance\n\nIn connection with the extension of the repayment date of the Loan, the\n1,750,000 common share purchase warrants with an exercise price of $2.03 per\nshare previously issued by the Company to Auramet on February 6, 2026, in\nconnection with the initial Loan advance were cancelled and rendered\nineffective pursuant to the requirements of the TSX Venture Exchange.\n\nEngagement of Rose & Co.\n\nThe Company has also signed an agreement (the \"Agreement\") on March 9, 2026 to\nretain Rose & Company Holdings, LLC (\"Rose & Co.\") to provide certain\ninvestor relation services to the Company, including investor outreach and\nengagement, in accordance with the policies and guidelines of the TSX Venture\nExchange and other applicable legislation.\n\nUnder the Agreement, the Company will pay Rose & Co. US$62,500 per quarter\nfor a term of one year, payable from the Company's cash on hand. The Company\nwill also reimburse Rose & Co. for all reasonable out of pocket expenses\nincurred on the Company's behalf. The Company has a one-time right to\nterminate the Agreement after 6 months. Rose & Co. will not receive any\nequity compensation for its services. Rose & Co is at arm's length to the\nCompany, and, to the knowledge of the Company, neither holds any securities of\nthe Company nor has any interest, direct or indirect, in the Company.\n\nProperty Share Issuances\n\nThe Company continues to consolidate its land holdings in the Timmins Nickel\nDistrict.\n\nThe Company has entered into an amending agreement (the \"Amending Agreement\")\namending a previous option agreement. The purpose of the Amending Agreement is\nto delay certain payments under the option agreementand as consideration, the\nCompany has made a cash payment of $75,000 to the optionors, and will issue\n5,000 Common Shares, subject to TSX Venture Exchange approval.\n\nThe Company also entered into a purchase and sale agreement with arms-length\nvendors to acquire a 100% interest in certain mineral claims located in the\nCochrane District in Northern Ontario. As consideration, the Company will pay\n$2,400 in cash and issue 30,000 Common Shares to the vendors, subject to TSX\nVenture Exchange approval.\n\nAbout Auramet\n\nAuramet is a private company established in 2004 by seasoned professionals who\nhave assembled a global team of industry specialists with over 350 years\ncombined industry experience. It is one of the largest physical precious\nmetals merchants in the world and has provided over $1.3 billion in term\nfinancing facilities to date. Auramet offers a full range of services\nincluding physical metals trading, metals merchant banking (including direct\nlending), and project finance advisory services to all participants in the\nprecious metals supply chain.\n\nAbout Rose & Co\n\nRose & Co. is a privately owned New York based strategic advisory firm\ndedicated to evaluating, defining and executing strategies to enhance their\npresence in increasingly globalized and complex capital markets. The Rose\n& Co. team has decades of capital markets experience from prominent Wall\nStreet firms, including Dahlman Rose & Company, Barclays, Morgan Stanley,\nand Deutsche Bank. Rose & Co. provides its clients comprehensive services\nfocused on generating positive investor response through investor outreach and\nengagement. For more information, please visit www.roseandco.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683303-1&h=2269766552&u=http%3A%2F%2Fwww.roseandco.com%2F&a=www.roseandco.com)\n.\n\nAbout Canada Nickel\n\nCanada Nickel is advancing the next generation of nickel-sulphide projects to\ndeliver nickel required to feed the high growth electric vehicle and stainless\nsteel markets. Canada Nickel has applied in multiple jurisdictions to\ntrademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero\nIron(TM) and is pursuing the development of processes to allow the production\nof net zero carbon nickel, cobalt, and iron products. Canada Nickel provides\ninvestors with leverage to\nnickel in low political risk jurisdictions. Canada Nickel is currently\nanchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide\nProject in the heart of the prolific Timmins-Cochrane mining camp. For more\ninformation, please visit www.canadanickel.com.\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683303-1&h=3243951687&u=http%3A%2F%2Fwww.canadanickel.com%2F&a=www.canadanickel.com.)\n\nFor further information, please contact:\n\nMark Selby\nCEO\nPhone: 647-256-1954\nEmail: info@canadanickel.com (mailto:info@canadanickel.com)\n\nCautionary Statement Concerning Forward-Looking Statements\n\nThis press release contains certain information that may constitute\n\"forward-looking information\" under applicable Canadian securities\nlegislation. Forward looking information includes the ability of the Company\nto finance and construct the Crawford Nickel Project, deliver nickel\nrequired to feed the high growth electric vehicle and stainless steel\nmarkets, and the development of processes to allow the production of net zero\ncarbon nickel, cobalt, and iron products. Readers should not place undue\nreliance on forward looking statements. Forward-looking statements involve\nknown and unknown risks, uncertainties and other factors which may cause the\nactual results, performance or achievements of Canada Nickel to be materially\ndifferent from any future results, performance or achievements expressed\nor implied by the forward-looking statements. There are no assurances that\nCrawford will be placed into production. Factors\nthat could affect the outcome include, among others: inability to repay\nthe loan or comply with the covenants set out in the loan agreement; the\nability to obtain the approval of the TSX Venture Exchange for the matters\ndescribed herein; the actual results of development activities; project\ndelays; inability to raise the funds necessary to complete development;\ngeneral business, economic, competitive, political and social uncertainties; future prices\nof metals or project costs could differ substantially and make any\ncommercialization uneconomic;\navailability of alternative nickel sources or substitutes; actual\nnickel recovery; conclusions of economic\nevaluations; changes in applicable laws; changes in project parameters as plans continue\nto be refined; accidents, labour disputes, the availability and productivity\nof skilled labour and other risks of the mining industry; political\ninstability, terrorism, insurrection or war; delays in obtaining governmental\napprovals, necessary permitting or in the completion of development or\nconstruction activities; mineral resource estimates relating to Crawford could\nprove to be inaccurate for any reason whatsoever; additional but currently\nunforeseen work may be required to advance to the feasibility stage; and even\nif Crawford goes into production, there is no assurance that operations will\nbe profitable. Although Canada Nickel has attempted\nto identify important factors that could cause actual actions, events\nor results to differ materially from those described in forward-looking\nstatements, there may be other factors that cause actions, events or results\nto differ from those anticipated, estimated or intended. Forward-looking\nstatements contained herein are made as of the date of this news release and\nCanada Nickel disclaims any obligation to update any forward looking\nstatements, whether as a result of new information, future events or results\nor otherwise, except as required by applicable securities laws. Neither TSX\nVenture Exchange nor its Regulation Services Provider (as that term is\ndefined in policies of the TSX Venture Exchange) accepts responsibility for\nthe adequacy or accuracy of this release.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/canada-nickel-provides-corporate-update-302765634.html\n(https://www.prnewswire.com/news-releases/canada-nickel-provides-corporate-update-302765634.html)\n\nSOURCE Canada Nickel Company Inc.\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2974840/Canada_Nickel_Company_Inc__Canada_Nickel_Provides_Corporate_Upda.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn3pzMK5a","title":"Canada Nickel Provides Corporate Update","author":"PR Newswire","ticker":"CNC","created":"2026-05-07T12:59:49.726Z","tickers":["CNC"],"exchange":"","article_body":"Canada Nickel Provides Corporate Update\n\nPR Newswire\n\nTORONTO, May 7, 2026\n\nTORONTO, May 7, 2026 /PRNewswire/ - Canada Nickel Company Inc. (\"Canada\nNickel\" or the \"Company\") (TSXV: CNC) (OTCQX: CNIKF) today announced\nthat it has extended the repayment date of the US$32 million loan\nfacility (the \"Loan\") originally announced February 6, 2026 with Auramet\nInternational, Inc. (\"Auramet\") from May 9, 2026 to August 9, 2026.\n\n(https://mma.prnewswire.com/media/2974840/Canada_Nickel_Company_Inc__Canada_Nickel_Provides_Corporate_Upda.html)\n\nMark Selby, CEO and Director of Canada Nickel Company said \"I am pleased with\nthis continued support from Auramet extending the loan facility to August 9,\n2026.  We continue to make excellent progress on permitting for our Crawford\nproject and we remain firmly on track to receive the federal permitting\ndecision this summer.  We also continue to make excellent progress on\nmultiple financing initiatives which we expect to be completed this summer.\"\n\nLoan Extension\n\nIn connection with the extension of the repayment date of the Loan, the\nCompany will pay an extension fee of US$824,257 and will grant 3,500,000\ncommon share purchase warrants (the \"Extension Warrants\") by May 9, 2026, to\nAuramet. Each Extension Warrant is exercisable to acquire one common share of\nthe Company (\"Common Shares\") at an exercise price equal to a 5% premium over\nthe 5-day volume weighted average price of the Common Shares on the TSX\nVenture Exchange ending on May 8, 2026, subject to compliance with the pricing\nrequirements of the TSX Venture Exchange, for a period of 12 months following\nthe date of issuance\n\nIn connection with the extension of the repayment date of the Loan, the\n1,750,000 common share purchase warrants with an exercise price of $2.03 per\nshare previously issued by the Company to Auramet on February 6, 2026, in\nconnection with the initial Loan advance were cancelled and rendered\nineffective pursuant to the requirements of the TSX Venture Exchange.\n\nEngagement of Rose & Co.\n\nThe Company has also signed an agreement (the \"Agreement\") on March 9, 2026 to\nretain Rose & Company Holdings, LLC (\"Rose & Co.\") to provide certain\ninvestor relation services to the Company, including investor outreach and\nengagement, in accordance with the policies and guidelines of the TSX Venture\nExchange and other applicable legislation.\n\nUnder the Agreement, the Company will pay Rose & Co. US$62,500 per quarter\nfor a term of one year, payable from the Company's cash on hand. The Company\nwill also reimburse Rose & Co. for all reasonable out of pocket expenses\nincurred on the Company's behalf. The Company has a one-time right to\nterminate the Agreement after 6 months. Rose & Co. will not receive any\nequity compensation for its services. Rose & Co is at arm's length to the\nCompany, and, to the knowledge of the Company, neither holds any securities of\nthe Company nor has any interest, direct or indirect, in the Company.\n\nProperty Share Issuances\n\nThe Company continues to consolidate its land holdings in the Timmins Nickel\nDistrict.\n\nThe Company has entered into an amending agreement (the \"Amending Agreement\")\namending a previous option agreement. The purpose of the Amending Agreement is\nto delay certain payments under the option agreementand as consideration, the\nCompany has made a cash payment of $75,000 to the optionors, and will issue\n5,000 Common Shares, subject to TSX Venture Exchange approval.\n\nThe Company also entered into a purchase and sale agreement with arms-length\nvendors to acquire a 100% interest in certain mineral claims located in the\nCochrane District in Northern Ontario. As consideration, the Company will pay\n$2,400 in cash and issue 30,000 Common Shares to the vendors, subject to TSX\nVenture Exchange approval.\n\nAbout Auramet\n\nAuramet is a private company established in 2004 by seasoned professionals who\nhave assembled a global team of industry specialists with over 350 years\ncombined industry experience. It is one of the largest physical precious\nmetals merchants in the world and has provided over $1.3 billion in term\nfinancing facilities to date. Auramet offers a full range of services\nincluding physical metals trading, metals merchant banking (including direct\nlending), and project finance advisory services to all participants in the\nprecious metals supply chain.\n\nAbout Rose & Co\n\nRose & Co. is a privately owned New York based strategic advisory firm\ndedicated to evaluating, defining and executing strategies to enhance their\npresence in increasingly globalized and complex capital markets. The Rose\n& Co. team has decades of capital markets experience from prominent Wall\nStreet firms, including Dahlman Rose & Company, Barclays, Morgan Stanley,\nand Deutsche Bank. Rose & Co. provides its clients comprehensive services\nfocused on generating positive investor response through investor outreach and\nengagement. For more information, please visit www.roseandco.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683303-1&h=2269766552&u=http%3A%2F%2Fwww.roseandco.com%2F&a=www.roseandco.com)\n.\n\nAbout Canada Nickel\n\nCanada Nickel is advancing the next generation of nickel-sulphide projects to\ndeliver nickel required to feed the high growth electric vehicle and stainless\nsteel markets. Canada Nickel has applied in multiple jurisdictions to\ntrademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero\nIron(TM) and is pursuing the development of processes to allow the production\nof net zero carbon nickel, cobalt, and iron products. Canada Nickel provides\ninvestors with leverage to\nnickel in low political risk jurisdictions. Canada Nickel is currently\nanchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide\nProject in the heart of the prolific Timmins-Cochrane mining camp. For more\ninformation, please visit www.canadanickel.com.\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683303-1&h=3243951687&u=http%3A%2F%2Fwww.canadanickel.com%2F&a=www.canadanickel.com.)\n\nFor further information, please contact:\n\nMark Selby\nCEO\nPhone: 647-256-1954\nEmail: info@canadanickel.com (mailto:info@canadanickel.com)\n\nCautionary Statement Concerning Forward-Looking Statements\n\nThis press release contains certain information that may constitute\n\"forward-looking information\" under applicable Canadian securities\nlegislation. Forward looking information includes the ability of the Company\nto finance and construct the Crawford Nickel Project, deliver nickel\nrequired to feed the high growth electric vehicle and stainless steel\nmarkets, and the development of processes to allow the production of net zero\ncarbon nickel, cobalt, and iron products. Readers should not place undue\nreliance on forward looking statements. Forward-looking statements involve\nknown and unknown risks, uncertainties and other factors which may cause the\nactual results, performance or achievements of Canada Nickel to be materially\ndifferent from any future results, performance or achievements expressed\nor implied by the forward-looking statements. There are no assurances that\nCrawford will be placed into production. Factors\nthat could affect the outcome include, among others: inability to repay\nthe loan or comply with the covenants set out in the loan agreement; the\nability to obtain the approval of the TSX Venture Exchange for the matters\ndescribed herein; the actual results of development activities; project\ndelays; inability to raise the funds necessary to complete development;\ngeneral business, economic, competitive, political and social uncertainties; future prices\nof metals or project costs could differ substantially and make any\ncommercialization uneconomic;\navailability of alternative nickel sources or substitutes; actual\nnickel recovery; conclusions of economic\nevaluations; changes in applicable laws; changes in project parameters as plans continue\nto be refined; accidents, labour disputes, the availability and productivity\nof skilled labour and other risks of the mining industry; political\ninstability, terrorism, insurrection or war; delays in obtaining governmental\napprovals, necessary permitting or in the completion of development or\nconstruction activities; mineral resource estimates relating to Crawford could\nprove to be inaccurate for any reason whatsoever; additional but currently\nunforeseen work may be required to advance to the feasibility stage; and even\nif Crawford goes into production, there is no assurance that operations will\nbe profitable. Although Canada Nickel has attempted\nto identify important factors that could cause actual actions, events\nor results to differ materially from those described in forward-looking\nstatements, there may be other factors that cause actions, events or results\nto differ from those anticipated, estimated or intended. Forward-looking\nstatements contained herein are made as of the date of this news release and\nCanada Nickel disclaims any obligation to update any forward looking\nstatements, whether as a result of new information, future events or results\nor otherwise, except as required by applicable securities laws. Neither TSX\nVenture Exchange nor its Regulation Services Provider (as that term is\ndefined in policies of the TSX Venture Exchange) accepts responsibility for\nthe adequacy or accuracy of this release.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/canada-nickel-provides-corporate-update-302765634.html\n(https://www.prnewswire.com/news-releases/canada-nickel-provides-corporate-update-302765634.html)\n\nSOURCE Canada Nickel Company Inc.\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2974840/Canada_Nickel_Company_Inc__Canada_Nickel_Provides_Corporate_Upda.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-07T12:59:49.758299964Z","server_sent_at_ms":1778158789758},"received_at":"2026-05-07T12:59:49.824Z","source_url":"https://www.prnewswire.com/news-releases/canada-nickel-provides-corporate-update-302765634.html"},"analysis":{"id":"20150","press_release_id":"25744","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"debt_offering","narrative":"Canada Nickel extended the maturity of its US$32 million loan facility with Auramet from May 9 to August 9, 2026.\n\nThe extension requires a fee of US$824,257 and the issuance of 3.5 million warrants, while previous warrants were cancelled.\n\nManagement remains on track for a federal permitting decision this summer and signed a one-year investor relations agreement with Rose & Co.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine loan extension bridge — no material operational update."},"keyFigures":{"dealValueUsd":32000000,"offeringPrice":"5% premium over 5-day VWAP","sharesOffered":3500000,"customDimensions":{"extension_fee_usd":824257,"investor_relations_fee_quarterly_usd":62500}},"quotedText":"We continue to make excellent progress on permitting for our Crawford project and we remain firmly on track to receive the federal permitting decision this summer.","namedEntities":{"people":[{"name":"Mark Selby","role":"CEO and Director"}],"products":[],"companies":[{"name":"Canada Nickel Company Inc.","ticker":"CNC"},{"name":"Auramet International, Inc.","relationship":"lender"},{"name":"Rose & Company Holdings, LLC","relationship":"investor relations advisor"}],"dollarAmounts":[{"amount":"US$32 million","context":"loan facility"},{"amount":"US$824,257","context":"extension fee"},{"amount":"US$62,500","context":"quarterly investor relations fee"},{"amount":"$75,000","context":"cash payment for amending agreement"},{"amount":"$2,400","context":"cash payment for mineral claims"}]},"materialImpact":{"score":2,"reasoning":"Routine corporate update involving a standard loan extension for a development-stage mining company. Includes an extension fee and warrant issuance, but the headline event is a financing bridge rather than a material operational milestone or significant dilution."},"tickerRelevance":{"others":[],"primary":"CNC"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"routine-financing-bridge","sectorWeight":"materials"}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Canada Nickel extended the maturity of its US$32 million loan facility with Auramet from May 9 to August 9, 2026.\n\nThe extension requires a fee of US$824,257 and the issuance of 3.5 million warrants, while previous warrants were cancelled.\n\nManagement remains on track for a federal permitting decision this summer and signed a one-year investor relations agreement with Rose & Co.","key_figures":{"dealValueUsd":32000000,"offeringPrice":"5% premium over 5-day VWAP","sharesOffered":3500000,"customDimensions":{"extension_fee_usd":824257,"investor_relations_fee_quarterly_usd":62500}},"named_entities":{"people":[{"name":"Mark Selby","role":"CEO and Director"}],"products":[],"companies":[{"name":"Canada Nickel Company Inc.","ticker":"CNC"},{"name":"Auramet International, Inc.","relationship":"lender"},{"name":"Rose & Company Holdings, LLC","relationship":"investor relations advisor"}],"dollarAmounts":[{"amount":"US$32 million","context":"loan facility"},{"amount":"US$824,257","context":"extension fee"},{"amount":"US$62,500","context":"quarterly investor relations fee"},{"amount":"$75,000","context":"cash payment for amending agreement"},{"amount":"$2,400","context":"cash payment for mineral claims"}]},"model_name":"glm-4.7","prompt_hash":"sha256:f66160e0fe5301b2","schema_hash":"sha256:12363694422af5d9","created_at":"2026-05-07T22:44:45.537Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap","eventGravity":"routine-financing-bridge","sectorWeight":"materials"}},"durationMs":31544,"modelName":"glm-4.7"}}