Business
Canada Nickel Provides Corporate Update, Announces Management Appointments and US$12 Million Loan Facility with Auramet International, Inc.
Canada Nickel Provides Corporate Update, Announces Management Appointments and US$12 Million Loan...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Provides Corporate Update, Announces Management Appointments and US$12 Million Loan Facility with Auramet International, Inc.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Sept. 6, 2023\n \n \n /CNW/ -\n \n Canada Nickel Company Inc.\n \n (\"\n \n Canada Nickel\n \n \" or the \"\n \n Company\n \n \") (TSXV: CNC) (OTCQX: CNIKF) today provided an update on the Company's activities, including several new management appointments and a\n \n US$12 million\n \n loan facility with Auramet International, Inc. (\"Auramet\").\n \n \n \n \n \n \n \n \n \n \n Mark Selby\n \n , CEO of Canada Nickel, said, \"I am very proud of everything our team has accomplished in just four years.  As we look forward to the completion of the feasibility study later this month, we are making a number of key management appointments in anticipation of advancing the project towards a construction decision by mid-2025.  I am very pleased that we have been able to attract outstanding professionals like Des Tranquilla and\n \n Chris Chang\n \n to join our team on a full-time basis.  I am also pleased that our long supportive financing partner, Auramet, has agreed to provide a\n \n US$12 million\n \n bridge facility which will allow us to remain well-funded and continue to advance our permitting and detailed engineering activities. Discussions with potential offtake partners are ongoing and expected to be completed before year end.\"\n \n \n \n Management Appointments\n \n \n \n \n Desmond Tranquilla\n \n joins the Company as Vice-President Projects. He has been supporting the Crawford project on a part-time consulting basis through the feasibility study process since\n \n September 2021\n \n and possesses hands-on knowledge of the Company's projects.\n \n \n Desmond has more than 32 years' experience supporting major capital projects in mining, as well as experience with both major greenfield and brownfield infrastructure projects.  He has held various management and leadership roles in ...