05:24 PM EST, 01/09/2025 (MT Newswires) -- Canada Nickel ( CNIKF ) after close of trade Thursday said it extended the repayment date of the US$15 million loan facility with Auramet International to March 14 from January 9.

An extension fee of US$438,465 will be paid by March 14and 1.75 million warrants with a strike price of $0.96 per share will be issued with a nine-month expiry and 750,000 warrants previously issued with the initial loan will be cancelled. The loan will carry an interest rate of 1.25% per month for the extension period. The interest payable on the original loan amount has also been deferred to March 14.

"I am pleased that we are extending repayment of our loan with Auramet to March 14, 2025 allowing us to complete various strategic financing initiatives during this timeframe," said chief executive Mark Selby.

The company's shares closed up $0.02 to $0.88 on the TSX Venture Exchange.