Canada Nickel Company Inc. (CNC) Financings
TSXV: CNC · Nickel, Cobalt, Iron · Development stage
- Market cap$253.6M
- Share price$0.980
- 52-week range$0.920 – $2.59
- Shares outstanding258,799,171
- ExchangeTSXV
- Websitecanadanickel.com
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins Nickel District. For more information, please visit www.canadanickel.com.
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Canada Nickel Company Inc. financial statements
Key figures read from 27 of 27 financial statement filings, Mar 31, 2020 to Sep 16, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,629,843 | C$4,655,260 | C$14,433,936 | C$13,009,936 | C$3,334,643 |
| Total current assets | C$2,430,249 | C$13,889,269 | C$16,790,778 | C$15,021,369 | C$7,418,164 |
| Total current liabilities | C$38,807,077 | C$55,592,021 | C$21,182,165 | C$24,224,099 | — |
| Working capital | (C$36,376,828) | (C$41,702,752) | (C$4,391,387) | (C$9,202,730) | — |
| Exploration and evaluation assets | C$280,940,567 | C$249,802,751 | C$165,440,221 | C$128,624,444 | C$47,304,907 |
| Property, plant and equipment | C$862,748 | C$862,301 | C$836,759 | C$669,102 | C$527,784 |
| Total assets | C$284,233,564 | C$264,554,321 | C$183,067,758 | C$144,314,915 | C$55,250,855 |
| Debt | C$47,561,603 | C$21,465,335 | C$16,673,070 | C$13,291,981 | — |
| Total liabilities | C$60,305,046 | C$59,177,278 | C$27,027,197 | C$25,486,552 | C$7,951,642 |
| Shareholders' equity | C$223,928,518 | C$205,377,043 | C$156,040,561 | C$118,828,363 | C$47,299,213 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$4,953,495 | C$4,109,007 | C$3,115,009 | C$2,912,207 | C$2,419,898 |
| Share-based compensation | — | — | C$4,622,226 | C$4,612,352 | C$3,815,198 |
| Net income (loss) | (C$26,214,669) | (C$3,217,584) | (C$14,224,877) | (C$5,535,080) | (C$6,378,103) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$4,988,190) | (C$14,840,430) | (C$7,390,795) | (C$1,869,334) | (C$6,301,717) |
| Investing cash flow | (C$45,534,227) | (C$56,910,257) | (C$37,372,112) | (C$49,512,160) | (C$19,835,169) |
| Financing cash flow | C$47,497,000 | C$61,972,011 | C$46,186,907 | C$61,056,787 | C$18,304,264 |
| Exploration spending (capitalized) | (C$45,393,669) | (C$56,671,463) | (C$37,248,538) | (C$49,286,156) | (C$19,422,411) |
| Property, plant and equipment spending | (C$140,558) | (C$238,794) | (C$123,574) | (C$226,004) | (C$412,758) |
| Proceeds from share issues | C$22,163,268 | C$58,735,385 | C$44,582,756 | C$48,177,253 | C$11,301,994 |
| Change in cash | (C$3,025,417) | (C$9,778,676) | C$1,424,000 | C$9,675,293 | (C$7,832,622) |
| Cash at end of period | C$1,629,843 | C$4,655,260 | C$14,433,936 | C$13,009,936 | C$3,334,643 |
Canada Nickel Company Inc. financings
3 financings announced or closed by Canada Nickel Company Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-08-12 | Canada Nickel Company Inc. (CNC) | Private placement, non-brokered | Closed, 1 tranche | $21.0M | $1.50 | Canada Nickel Announces Non-Brokered Private Placement for Gross Proceeds of C$15 Million |
| 2026-06-24 | Canada Nickel Company Inc. (CNC) | Debt | Announced | US$600.0M | — | Canada Nickel Awards Exclusive Mandate for US$600 million Investment Tax Credit Loan Facility to SB1 Markets AS |
| 2026-05-21 | Canada Nickel Company Inc. (CNC) | Flow-through, non-brokered | Closed, 1 tranche | $6.2M | $2.07 | Canada Nickel Announces $4.97 Million Private Placement of Flow-Through Shares |
Canada Nickel Company Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Canada Nickel Company Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-07-28 | Loan, amended | Auramet International, Inc | US$32M | matures 2026-11-09 |
| 2026-06-24 | Loan, proposed | — | US$600M | — |
| 2025-05-27 | Convertible note / loan, closed / funded | Taykwa Tagamou Nation | C$20M | 4.75% |
| 2025-05-09 | Convertible note / loan, signed | Auramet International, Inc | US$20M | 12%, matures 2026-02-09 |
| 2025-04-28 | Loan, amended | Auramet International, Inc | US$15M | 15%, matures 2025-07-25 |
| 2024-09-12 | Loan, proposed | Export Development Canada | C$500M | — |
| 2024-01-19 | Loan, amended | Auramet International, Inc | US$12M | 15%, matures 2024-02-16 |
| 2022-10-18 | Loan, closed / funded | Auramet International, Inc | US$10M | 12%, matures 2023-01-18 |
| 2022-01-05 | Loan, closed / funded | Auramet | US$10M | 12%, matures 2022-04-05 |