Canada Nickel says Export Development Canada plans to give $500m loan for mine

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Canada Nickel says Export Development Canada plans to give $500m loan for mine
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Canada Nickel said on Friday that Export Development Canada has expressed interest in providing a long-term loan of up to $500 million for the miner’sCanada has identified 31 minerals, including copper, lithium and nickel, as critical for its strategic uses in modern technology and the energy transition, such as in electric vehicle batteries.

The company, in which Agnico Eagle Mines owns nearly 11%, said it was working with its advisers to secure the remaining funding need to start construction of the mine after receiving the necessary permits, expected to be by mid 2025.

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