Nickel 28 Files Fiscal Q3 2026 Financial Statements

Core Viewpoint - Nickel 28 Capital Corp. reported strong production and financial results for the third quarter of 2025, driven by uninterrupted operations at the Ramu Nickel-Cobalt integrated operation in Papua New Guinea, with expectations for continued performance in the fourth quarter [2][3]. Financial Performance - The company ended the quarter with a cash balance of US$9.5 million, with corporate costs under US$2.5 million for the year ending January 31, 2026, excluding legal claims and one-time transaction costs [3]. - The total net and comprehensive profit for the quarter was US$0.6 million, equating to US$0.01 per share [9]. - The share of operating profit from the Ramu Nickel Mine was US$1.4 million during the third quarter [9]. Production and Sales - Nickel 28 produced 9,242 tonnes of contained nickel and 887 tonnes of contained cobalt in mixed hydroxide precipitate (MHP) during the third quarter [9]. - Sales figures for the quarter included 9,880 tonnes of contained nickel and 948 tonnes of contained cobalt in MHP [9]. - Average production costs for the quarter were US$3.07 per pound of contained nickel, net of by-product sales [9]. Market Conditions - Nickel prices remained flat, while cobalt prices saw a slight increase quarter over quarter, with payables for both commodities improving [4]. - The Indonesian government's recent actions against illegal mining may lead to short-term tightening or restrictions on ore supply, impacting the sector [4]. Company Overview - Nickel 28 Capital Corp. holds an 8.56% joint-venture interest in the Ramu Nickel-Cobalt Operation, providing significant exposure to nickel and cobalt production, essential for electric vehicle adoption [5]. - The company also manages a portfolio of 10 nickel and cobalt royalties across development and exploration projects in Canada, Australia, and Papua New Guinea [5].