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Canada Nickel Appoints SB1 Markets to Arrange US$600 Million Investment Tax Credit Loan Facility

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Canada Nickel (CNC.V) has tapped SB1 Markets as exclusive advisor to arrange an investment tax credit loan facility of up to US$600 million to advance the Crawford nickel project.

The facility would allow Canada Nickel to monetize investment tax credits that would be generated by the project's construction, the company said Wednesday.

"This bridge financing is central to Crawford's overall capital structure; it allows us to deploy Canada's generous investment tax credits available for critical mineral projects in Canada to fund more than half of the equity capital we need to build Crawford," CEO Mark Selby said.

Canada Nickel expects the financing to be arranged by the end of 2026, ahead of a final investment decision on Crawford scheduled for 2027.

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