An anonymous director reports

CANADA NICKEL ANNOUNCES CLOSING OF SAMSUNG SDI EQUITY INVESTMENT

Canada Nickel Company Inc. has completed its previously announced equity investment by Samsung SDI Co. Ltd. for aggregate gross proceeds of $18.5-million (U.S.) (see Canada Nickel's press release dated Jan. 19, 2024). Samsung SDI has subscribed for 15.6 million common shares of the company at $1.57 per share. Samsung SDI now holds 8.7 per cent of the issued and outstanding common shares of the company.

About Canada Nickel Company Inc.

Canada Nickel is advancing the next generation of nickel sulphide projects to deliver nickel required to feed the high-growth electric vehicle and stainless steel markets. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt and NetZero Iron and is pursuing the development of processes to allow the production of net-zero carbon nickel, cobalt and iron products. Canada Nickel provides investors with leverage to nickel in low-political-risk jurisdictions. Canada Nickel is currently anchored by its 100-per-cent-owned flagship Crawford nickel-cobalt sulphide project in the heart of the prolific Timmins-Cochrane mining camp.

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