EV Nickel Inc. announced that it has entered into an agreement with PowerOne Capital Markets Limited and Clarus Securities Inc. on best-efforts basis to issue 4,666,667 flow-through common shares at an issue price of CAD 0.75 per share for the gross proceeds of CAD 3,500,000.25 on March 4, 2024. Closing of the Offering is anticipated to occur on or about March 28, 2024 or such other date as may be agreed to by the Company and Clarus. The securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the Closing Date in accordance with applicable securities legislation.

This proposed Offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.