Canada Nickel Company Inc. entered into a Subscription Agreement with Samsung SDI Co., Ltd for 15,600,000 common shares at an CAD 1.57 per share for gross proceeds of CAD 24,492,000 on January 12, 2024. The closing of the private placement and related agreements is subject to customary closing conditions including the approval of the TSX Venture Exchange. The transaction is expected to close on or about January 31, 2024.