Nickel 28 Files Fiscal Q2 2026 Financial Statements

Core Viewpoint - Nickel 28 Capital Corp. reported strong operational and financial results for the second quarter of 2025, highlighting a positive outlook for the remainder of the year due to completed maintenance and record production rates [2][3]. Financial Highlights - The company produced 8,564 tonnes of contained nickel and 787 tonnes of contained cobalt in mixed hydroxide precipitate (MHP) during the second quarter [7]. - Sales figures for the quarter included 7,846 tonnes of contained nickel and 719 tonnes of contained cobalt in MHP [7]. - Average production costs were reported at US$2.68 per pound of contained nickel, net of by-product sales [7]. - The share of operating profit from the Ramu Nickel Mine was US$1.2 million for the quarter [7]. - The total net and comprehensive profit for the quarter was US$0.1 million, equating to US$0.00 per share [7]. - The financial quarter-end cash balance stood at US$8.0 million [7]. - Total non-recourse construction debt was reported at US$37.5 million as of July 31, 2025 [7]. Operational Highlights - The company holds an 8.56% joint-venture interest in the Ramu Nickel-Cobalt integrated operation in Papua New Guinea, which is a significant asset for Nickel 28 [4]. - The completion of annual maintenance on two of the three HPAL autoclaves is expected to lead to uninterrupted production in the second half of 2025 [2][3]. - The CEO expressed confidence in achieving strong production rates moving forward, with Q3 2025 already showing robust performance [2].