[SMM Nickel Market Flash] Canada Nickel Mandates Up to US$600M Tax-Credit Loan for Crawford Ahead of 2027 FID

Published: Jun 25, 2026 15:59

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Canada Nickel (TSXV: CNC) said it appointed SB1 Markets AS as exclusive advisor to arrange a debt facility of up to US$600 million, structured to monetize investment tax credits expected from building its Crawford Nickel-Cobalt Sulphide Project in Ontario. The company aims to arrange the facility by end-2026, ahead of a final investment decision targeted for 2027, and says it would fund more than half of the equity needed for construction—positioning it as a bridge instrument that limits share dilution. A final federal permitting decision is expected shortly. The ITC rate, total quantum, and facility terms were not disclosed, and completion is not assured. The move advances one of the larger Western, non-China nickel-sulphide projects toward a construction decision.

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