Canada Nickel Company

Canada Nickel is advancing the next generation of high quality, high potential nickel-cobalt projects to deliver the metals needed to power the electric vehicle revolution and feed the high growth stainless steel market.

Launch date

2019

Employees

11-50 people

Market cap

Enterprise valuation

$128m (Public information from Sep 2024)

Toronto Ontario (HQ)

https://canadanickel.com/

https://twitter.com/canadanickel https://www.linkedin.com/company/canada-nickel/

Revenues, earnings & profits over time

CAD	2020	2021	2022	2023	2024	2025
EBITDA	(6.3m)	(7.8m)	(2.4m)	(9.1m)	(6.0m)	(10.0m)
Profit	(3.1m)	(6.4m)	(5.5m)	(14.2m)	(11.3m)	(8.3m)
EV / EBITDA	-25.7x	-32.9x	-67.8x	-17.6x	-30.8x	-18.5x

Date	Investors	Amount	Round
Feb 2020	N/A	N/A	IPO
Oct 2020*	N/A	$5.0m	Private Placement non VC
Jul 2021*	N/A	CAD12.2m	Private Placement non VC
Dec 2021	Auramet	$10.0m	Post IPO Debt
Sep 2022*	Auramet	$10.0m	Post IPO Debt
Feb 2023*	Anglo American	$24.0m	Post IPO Equity
Sep 2023*	Auramet	$12.0m	Post IPO Debt
Jan 2024*	Agnico-Eagle Mines	CAD23.1m	Post IPO Equity
Jan 2024*	Samsung SDI	$18.5m	Post IPO Equity
Jun 2024*	Auramet	$15.0m	Post IPO Debt
Total Funding		-

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Canada Nickel Company

Financials

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