MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 28.Apr.2025) — Canada Nickel Company Inc. extended the repayment date of the $15mn loan facility originally announced 9 Jul. 2024 with Auramet International, Inc.
The data has been extended from 25 Apr. 2025 to 25 Jul. 2025 with an option to repay the loan prior to 9 May 2025 without any additional extension fee.
An extension fee of $345,802 will be paid by 25 Jul. 2025, unless the loan is repaid prior to 9 May 2025, in which case the extension fee will be waived, Canada Nickel announced on 28 Apr. 2025 in an official statement.
The loan will carry an interest rate of 1.25% per month for the extension period. The interest payable on the original loan amount and the extension loan amounts have also been deferred to 25 Jul. 2025.
The extended repayment allows Canada Nickel to complete various strategic financing initiatives during this timeframe including the previously announced investment from Taykwa Tagamou Nation, the company’s CEO and director Mark Selby said in the statement.
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By Fidencio Casillas reporting from Mexico City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
