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Nickel 28 Capital Corp. reports developments tied to its nickel-cobalt production exposure through an 8.56% joint-venture interest in the Ramu Nickel-Cobalt integrated operation in Papua New Guinea. Company updates regularly cover Ramu operating performance, production costs, sales tonnages, financial results and project-level developments communicated by the operation's manager.
News also addresses Nickel 28's portfolio of 10 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea, along with capital-allocation and governance items such as normal course issuer bids and equity-compensation grants.
Nickel 28 (TSXV: NKL) received TSXV approval to launch a normal course issuer bid to buy up to 7,050,819 common shares, about 8.1% of issued shares. The NCIB runs from February 23, 2026 to February 23, 2027 and will be administered by Haywood Securities.
The company also implemented an automatic purchase plan to allow market purchases during blackout periods; repurchases will be made on the open market and sized based on market conditions, share price, and available cash.
Nickel 28 (CONXF) announced a grant of 810,811 stock options to Craig Lennon on February 9, 2026 as part of long-term incentive compensation for the fiscal year ending January 31, 2027.
The options are exercisable at $1.01 per share for five years, vest rateably over three years starting February 1, 2027, and are performance-contingent based on TSR hurdles measured from a $1.09 starting price through market close on January 31, 2027 (25% tranches at 20%, 40%, 60%, and 80% TSR thresholds).
Nickel 28 (CONXF) announced a proposed normal course issuer bid (NCIB) to repurchase and cancel up to 7,050,819 common shares, representing approximately 8.1% of its 86,977,221 issued and outstanding shares as of January 5, 2026. Purchases will be made on the TSXV through Haywood Securities and will be cancelled.
Decisions on timing and quantity will be at the Board's discretion based on market conditions, share price and available cash. Nickel 28 intends to use an automatic purchase plan for execution during blackout periods. The NCIB is subject to TSXV approval and may run for up to 12 months.
Nickel 28 (CONXF) filed fiscal Q3 2026 results for the quarter ended October 31, 2025, reporting operations tied to its 8.56% JV interest in Ramu in Papua New Guinea.
Key figures: production of 9,242 tonnes contained nickel and 887 tonnes contained cobalt (MHP) in calendar Q3; sales of 9,880 tonnes nickel and 948 tonnes cobalt; average production cost US$3.07/lb nickel (net of by-products); share of operating profit from Ramu US$1.4M in the quarter; net profit US$0.6M (US$0.01/share); cash US$9.5M; and non-recourse construction debt US$35.4M as at October 31, 2025.
Management noted interruption-free Q3, expected similar calendar Q4 performance, insurance reimbursements helped corporate costs, and commodity comments: nickel flat, cobalt up slightly, with attention to Indonesian policy and fines for illegal mining.
Nickel 28 (CONXF) reported Q3 2025 operational results for its 8.56% interest in the Ramu nickel-cobalt operation in Papua New Guinea for the quarter ended September 30, 2025.
Key highlights: Q3 2025 contained nickel production 9,242t (vs 6,880t Q3 2024); contained cobalt production 887t (vs 634t Q3 2024). Nickel sales 9,880t (vs 8,685t Q3 2024); cobalt sales 948t (vs 798t Q3 2024). LME average nickel price US$6.81/lb and average cobalt price US$15.48/lb in Q3 2025. Production cost net of by-product credits US$3.07/lb for the quarter. Inventory at quarter end: 2,205t nickel in MHP. Figures are preliminary and unaudited.
Nickel 28 Capital (OTCQB:CONXF) provided a portfolio update on October 30, 2025 covering royalties across nickel, cobalt and scandium projects in Canada, Australia and Papua New Guinea. Key developments include a mining license grant for Nyngan, a Lockheed Martin option for up to 15 tonnes of scandium oxide over five years near Sunrise's Syerston project, and mill-scale metrics for Dumont (30-year life, 33,000 tpa ramping to 50,000 tpa by year 8; C1 cash costs of $3.22/lb). The company lists royalty rates for major assets (Dumont 1.75% NSR; Turnagain 2.0% NSR; Flemington 1.5% GRR; Nyngan 1.7% GRR) and notes the Sunset property impairment as of Jan 31, 2025.
Nickel 28 (CONXF) confirmed a pending cash distribution and loan repayment from its Ramu joint venture for H1 2025. The company expects a cash distribution of ~US$1.4 million attributable to its 8.56% interest in the Ramu Nickel‑Cobalt project, plus confirmation of a US$2.5 million repayment of its share of partner construction debt, reducing Nickel 28's attributable debt balance to approximately US$34.9 million.
The timing is anticipated during October 2025. Management noted H1 2025 production was reduced by a blower failure from mid‑November 2024 to mid‑February 2025, and expects a full six months of uninterrupted production in H2 2025, which could improve future distributions assuming stable or higher commodity prices.
Nickel 28 Capital Corp. (TSXV: NKL) has reported its financial results for Q2 2025, highlighting its 8.56% joint-venture interest in the Ramu Nickel-Cobalt operation in Papua New Guinea. The company achieved production of 8,564 tonnes of nickel and 787 tonnes of cobalt in mixed hydroxide precipitate (MHP).
Key financial metrics include a share of operating profit of US$1.2 million from Ramu Nickel Mine, total net profit of US$0.1 million, and a quarter-end cash balance of US$8.0 million. Production costs averaged US$2.68/lb of contained nickel. The company completed its NCIB program, purchasing and cancelling 3,466,500 common shares, and maintains a non-recourse construction debt of US$37.5 million.
Nickel 28 Capital Corp. (TSXV: NKL) has reported strong Q2 2025 operational results from its 8.56% joint-venture interest in the Ramu Nickel-Cobalt operation in Papua New Guinea. The facility achieved significant production increases, with 8,564 tonnes of contained nickel and 787 tonnes of contained cobalt in MHP, representing year-over-year increases of 13.4% and 16.6% respectively.
Production costs improved to US$2.68/lb of nickel (net of by-product credits), down from US$3.37/lb in Q2 2024. The company completed annual maintenance on two HPAL autoclaves during June, setting up expectations for an interruption-free second half of 2025. With 2,843 tonnes of nickel inventory in MHP at quarter-end, management anticipates stronger sales volumes in H2 2025.
Nickel 28 Capital Corp. (TSXV: NKL) held its annual general meeting of shareholders on June 24, 2025, where shareholders voted on key corporate matters. All nominated directors - Edward Collery, Craig Lennon, Brett Richards, Clark Wang, and David Whittle - were successfully elected to the board. Craig Lennon received the highest approval with 99.93% of votes in favor.
Shareholders also approved the reappointment of Baker Tilly WM LLP as the company's auditor, with 74.69% of votes supporting the decision. The Board has been authorized to determine the auditor's remuneration.