Highlights

• Canada Nickel to obtain $8 million in money and eight.9 million stocks and reserve 62% hobby in RoyaltyCo

TORONTO, March 18, 2025 /PRNewswire/ – Canada Nickel Corporate Inc. (“Canada Nickel” or the “Company“) (TSX-V:CNC) (OTCQB: CNIKF) is happy to announce the signing of a binding Letter of Intent (the “LOI”) with Edmiston Pressure Capital Corp. (“EDCC”) on March 17, 2025 wherein a brandnew royalty corporate (“RoyaltyCo”) shall be created to reserve internet smelter go back (“NSR”) royalties on all of Canada Nickel regional exploration homes within the Timmins Nickel District apart from Crawford and alternative goals (Kingsmill and Dargavel) positioned at the unedited Mission 81 patents.

Matter to the pleasure of appropriate situations precedent, Canada Nickel anticipates it’s going to obtain $8 million in money and eight.9 million stocks of EDCC to reserve a 62% hobby in EDCC upon utmost.

Mark Selby, Canada Nickel’s CEO, stated: “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.  This world scale portfolio is just the start for EDCC, which will seek the acquisition or creation of new royalties and streams that align with its low carbon and low environmental footprint objectives.”

RoyaltyCo Formation and Transaction Main points

Canada Nickel will serve 1% NSR royalty pursuits within the matter homes to RoyaltyCo, which can later (matter to the pleasure of utmost situations) amalgamate with a completely owned subsidiary of EDCC in trade for C$ 8 million in money and eight.9 million familiar stocks of EDCC.  One such utmost situation is the final touch by means of EDCC of a financing wherein $9 million shall be raised during the issuance of a mixture of familiar and most well-liked stocks.  The proceeds of such financing shall be old for the utmost cost to Canada Nickel and for common company functions. Nearest giving impact to the financing, Canada Nickel expects that its fairness hobby in EDCC shall be roughly 62%.  EDCC is a reporting issuer in Ontario, British Columbia, and Alberta, which might permit for a more uncomplicated checklist, if and when EDCC determines {that a} conserve trade checklist is in the most productive hobby of its shareholders. 

The phrases of the LOI are binding matter to the pleasure of sure utmost situations.

The board of administrators of EDCC, following final touch of the transaction, shall consist of 1 director appointed by means of the flow administrators of EDCC, two administrators appointed by means of Canada Nickel, and two sovereign administrators.

The transaction is anticipated to akin by means of April 30, 2025 and, amongst alternative approvals, is matter to any required approvals of the TSX Project Change (the “TSXV”).

About Canada Nickel

Canada Nickel Corporate Inc. is advancing the later life of nickel-sulphide tasks in order nickel required to feed the prime expansion electrical car and stainless steel markets. Canada Nickel Corporate has carried out in more than one jurisdictions to trademark the phrases NetZero Nickel™, NetZero Cobalt™, NetZero Iron™ and is pursuing the improvement of processes to permit the manufacturing of internet 0 carbon nickel, cobalt, and iron merchandise. Canada Nickel supplies traders with leverage to nickel in low political possibility jurisdictions. Canada Nickel is recently anchored by means of its 100% owned flagship Crawford Nickel-Cobalt Sulphide Mission within the center of the prolific Timmins–Cochrane mining camp. For more info, please seek advice from www.canadanickel.com. 

About EDCC

EDCC used to be integrated below the regulations of British Columbia in July of 2022 to bring about making investments by way of mergers, takeover bids, or alternative transactions. EDCC is a “Reporting Issuer” in British Columbia and Ontario and is a “Public Company” as outlined within the Source of revenue Tax Work (Canada). EDCC’s sponsor and biggest shareholder is Copland Street Capital Corp. (“CRCC”), a company endured below the regulations of British Columbia whose stocks are indexed at the Canadian Securities Change below the ticker image “CRCC”.

For additional knowledge, please touch:

Mark Selby, CEO
Telephone: 647-256-1954
E-mail: [email protected]

Cautionary Remark Relating to Ahead-Taking a look Statements

This press reduce accommodates sure knowledge that can represent “forward-looking information” below appropriate Canadian securities law. In most cases, forward-looking knowledge can also be recognized by means of the significance of ahead browsing terminology corresponding to “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or diversifications of such phrases and words or order that sure movements, occasions or effects “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Ahead browsing knowledge on this information reduce comprises, however isn’t restricted to: the significance of proceeds of the Providing; the timing and skill of the Corporate, if in any respect, to procure ultimate commendation of the Providing from the TSX Project Change; the tax remedy of the FT Stocks; the timing of incurring the Qualifying Expenditures and the renunciation of the Qualifying Expenditures; upgrading current mineral sources; publishing brandnew mineral sources on alternative homes, together with the timing thereof; and statements referring to exploration effects, exploration plans and alternative company and technical goals. Ahead-looking knowledge is essentially based totally upon a lot of guesses that, age thought to be cheap, are matter to identified and unknown dangers, uncertainties, and alternative components which might motive the fresh effects and date occasions to vary materially from the ones expressed or implied by means of such forward-looking knowledge. Components that might have an effect on the result come with, amongst others: date costs and the availability of metals, the date call for for metals, the result of drilling, incapacity to boost the cash important to incur the expenditures required to accumulation and exit the Corporate’s homes, environmental liabilities (identified and unknown), common industry, financial, aggressive, political and social uncertainties, result of exploration techniques, dangers of the mining trade, delays in acquiring governmental approvals, and failure to procure regulatory or shareholder approvals. There can also be incorrect oath that such knowledge will end up to be correct, as fresh effects and date occasions may just vary materially from the ones expected in such knowledge. 3 Accordingly, readers must no longer playground undue reliance on forward-looking knowledge. All ahead browsing knowledge contained on this press reduce is given as of the month hereof and is based totally upon the critiques and estimates of control and data to be had to control as on the month hereof. Canada Nickel disclaims any aim or legal responsibility to replace or revise any forward-looking knowledge, whether or not on account of brandnew knowledge, date occasions or in a different way, except for as required by means of regulation. Neither TSX Project Change nor its Legislation Products and services Supplier (as that time period is outlined in insurance policies of the TSX Project Change) accepts duty for the adequacy or accuracy of this reduce.

SOURCE Canada Nickel Corporate Inc.