[SMM Nickel Market Flash] Canada Nickel Launches C$4.97M Flow-Through Share Placement to Fund Timmins Exploration

Published: May 26, 2026 17:44

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Canada Nickel Company (TSXV: CNC) announced a non-brokered private placement of up to 2,400,000 flow-through shares at C$2.07 per share, raising up to C$4.97 million. Proceeds will fund Canadian exploration expenses qualifying for federal and Ontario critical mineral tax credits. CEO Mark Selby noted that the Crawford project is nearing a permitting decision expected by early summer, and the financing will advance the Timmins Nickel District, where the company has published eight separate mineral resources with a ninth due this quarter. The offering is expected to close around June 10, 2026, subject to TSX Venture Exchange approval.

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