11:34 AM EDT, 05/09/2025 (MT Newswires) -- Canada Nickel Company ( CNIKF ) was last seen down 3% after the company on Friday said it closed a US$20 million bridge loan facilitated by Ber Tov Capital Corporation.

The bridge loan matures on Feb. 9, 2026, carries interest at 1.00% per month, and includes a 2.5% arrangement fee. BT Strategic Mineral Assets LP received 5-million one-year warrants exercisable at $0.94. The company said the financing provides support to advance its flagship Crawford Nickel Sulphide Project and pay out an existing loan with Auramet International.

As part of its regional consolidation strategy in the Timmins, Ontario, area, the company bought a 100% interest in nine primary and 23 secondary contiguous mining claims totaling 656 hectares.

Canada Nickel ( CNIKF ) also issued 1-million shares at $0.99 per share to settle $1 million in debt, a portion of the outstanding principal amount owed to Auramet.

Shares of the company were last seen down $0.03 at $0.91 on the TSX Venture Exchange.

Price: 0.91, Change: -0.03, Percent Change: -3.19