Thursday, October 9, 2025

Latest

Canada Nickel Launches RoyaltyCo, Sells Partial Interest For $8 Million Cash, Shares

Canada Nickel Corp (TSXV: CNC) has entered into an agreement to sell net smelter return royalties on all of its regional exploration properties within the Timmins district, except for the Crawford project and projects on the Project 81 patents.

The company has entered into a binding letter of intent with Edmiston Drive Capital, which will see the creation of a new royalty company to hold these royalties. Compensation will consist of $8 million in cash and 8.9 million shares of Edmiston Drive Capital, resulting in Canada Nickel holding a 62% interest in Edmiston Drive upon closing.

The transaction will see 1% NSR’s granted to a royalty subsidiary of Canada Nickel, which will then merge with a subsidiary of Edmiston Drive.

The transaction remains subject to Edmiston Drive completing a financing that will see it raise $9 million through the issuance of common and preferred shares. The transaction is expected to close by April 30.

“We are very excited to work with EDCC toward the creation of a new royalty company which will hold NSR royalties of the Company’s portfolio of properties in the Timmins Nickel District which, when combined, we expect to be among the world’s largest nickel sulphide resources.  We have published resources on two of these properties and expect to announce a further six resources by mid-2025.  This transaction is just one further step in unlocking value while minimizing equity dilution for Canada Nickel shareholders.,” commented Mark Selby, CEO of Canada Nickel.

Canada Nickel last traded at $1.10 on the TSX Venture.


Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Canada Nickel Intersects 0.5% Nickel Over 91 Metres At Texmont

The first results are in for Canada Nickel’s (TSXV: CNC) drilling at its Texmont property,...

Tuesday, March 7, 2023, 08:03:18 AM

Canada Nickel Secures $20 Million Investment Via Secured Convertible Note

Canada Nickel Company (TSXV: CNC) has secured a $20 million investment from Taykwa Tagamou Nation,...

Monday, December 16, 2024, 07:13:27 AM

Canada Nickel Intersects 0.29% Nickel Over 325.5 Metres At Reid Property

Assay results from recent drilling conducted by Canada Nickel (TSXV: CNC) were released this morning....

Thursday, December 1, 2022, 08:25:12 AM

Canada Nickel Enters MOU For Mine Fleet Financing

Canada Nickel Company (TSXV: CNC) has found a potential financer for its expected mine fleet...

Wednesday, April 7, 2021, 07:58:50 AM

Canada Nickel To Raise $25.0 Million Via Combination Of Shares And Flow Through

After getting investors excited by conducting a post-closing bell trading halt, it appears that Canada...

Wednesday, March 9, 2022, 07:54:12 AM