Canada Nickel upsizes private placement to C$21.0 million

Canada NewsWire

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\

TORONTO , Aug. 12, 2026 /CNW/ -- Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced non-brokered private placement (the " Offering ") from gross proceeds of C$15,000,000 to gross proceeds of up to C$21,000,000. The upsized Offering will consist of up to 14,000,000 units of the Company (each, a " Unit ") to be issued at a price of C$1.50 per Unit.

Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a " Warrant "). Each whole Warrant will entitle the holder to purchase one common share of the Company at a price of C$2.25 at any time for a period of 36 months following the issue date.

The Units are being offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 – Distributions Outside Canada and, accordingly, the securities to be issued pursuant to the Offering to purchasers outside of Canada are not expected to be subject to a four-month hold period in Canada.

The Company plans to use the net proceeds of the Offering to support permitting and engineering activities for the advancement of the Company's projects, repayment of outstanding indebtedness, and working capital and general corporate purposes.

The Offering is scheduled to close on or around August 28, 2026, and is subject to certain customary conditions, including the execution of definitive documentation, and the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the " TSXV ").

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Canada Nickel

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins Nickel District. For more information, please visit www.canadanickel.com .