“It marks an important milestone towards securing a full financing package for Crawford,” CEO Mark Selby said in the release. “We continue to make good progress with our financial advisers Deutsche Bank, Scotiabank and Cutfield Freeman to secure the remaining project funding required to begin construction when permits are received, which we expect to be by mid-2025.”
Shares in Canada Nickel climbed 6% on Friday morning in Toronto to C$1.05 apiece, valuing the company at C$190.3 million. They’ve traded in a 52-week range of C89¢ to C$2.24.
Big backers
Word of the potential EDC loan comes after Agnico Eagle Mines (TSX: AEM; NYSE: AEM), Canada’s largest gold producer, invested C$23.1 million for a 12% stake in the nickel developer in January and Anglo American (LSE: AAL) bought 9.9% for C$24 million. South Korean battery manufacturer Samsung SDI holds 8.7% and rights to potential offtake agreements after paying $18.5…
