Nickel 28 Announces Proposed Normal Course Issuer Bid

Core Viewpoint - Nickel 28 Capital Corp. has announced a proposed normal course issuer bid (NCIB) to repurchase its common shares, citing that the current trading price represents a substantial discount to the company's net asset value [1][2]. Group 1: NCIB Details - The company intends to repurchase up to 7,050,819 common shares, which is approximately 8.1% of its total issued and outstanding shares as of January 5, 2026 [3]. - All shares purchased will be conducted on the open market through the TSX Venture Exchange (TSXV) and will be cancelled [3]. - The actual number of shares repurchased and the timing will depend on market conditions and other factors determined by the Board [3]. Group 2: Management's Perspective - The President & CEO of Nickel 28 stated that using excess liquidity to buy back shares at the current price would be highly accretive to the net asset value per share [2]. - The proposed share repurchase is expected to benefit remaining shareholders by increasing their proportionate ownership in the company [2]. Group 3: Administration and Approval - Haywood Securities Inc. has been appointed to administer the proposed NCIB on behalf of the company [4]. - The NCIB is subject to approval by the TSXV and will commence two trading days after approval, lasting for a maximum of 12 months [4].