en.Wedoany.com Reported - Canada Nickel has appointed Nordic investment bank SB1 Markets AS as exclusive advisor to arrange up to $600 million in debt financing to advance its Crawford nickel project. The company stated that the financing will enable it to monetize the investment tax credits expected to be generated during project construction. Canada Nickel expects the financing to be arranged by the end of 2026, ahead of the final investment decision for the Crawford project, which is anticipated in 2027.

Mark Selby, CEO and Director of Canada Nickel, said the company is very pleased to partner with SB1 Markets, citing the latter's experience in debt financing for natural resource projects. Selby noted that this bridge financing is critical to the overall capital structure of Crawford, enabling the company to leverage investment tax credits provided by Canada for critical mineral projects to fund more than half of the equity required for Crawford's construction. SB1 Markets is a Nordic investment bank headquartered in Norway and Sweden.

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