Toronto, Ontario--(Newsfile Corp. - December 19, 2025) - Nickel 28 Capital Corp. (TSXV: NKL) (FSE: 3JC0) ("Nickel 28" or the "Company") has released its results for the quarter ended October 31, 2025. Quarterly HighlightsKey financial and operating highlights from the Company's third financial quarter ended October 31, 2025, and the operations of the Company's principal asset, an 8.56% joint-venture interest in the Ramu Nickel-Cobalt integrated operation in Papua New Guinea ("Ramu"), include the following: ...

VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Giga Metals Corp. (“Giga Metals” or the “Company”) (TSX-V: GIGA; OTCQB: GIGGF; FSE: BRR2) is pleased to announce that it has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. Th ...

Core Points - Giga Metals Corp. held its annual general meeting on November 14, 2025, in Vancouver, where voting results were announced [1] - The board of directors was elected, consisting of Lyle Davis, Scott Lendrum, Mark Jarvis, and Robert Morris, until the next annual meeting or until successors are appointed [2] - Shareholders approved the re-appointment of Crowe MacKay LLP as the auditor and the Company's Stock Option Plan for 2025, allowing a maximum of 10% of issued shares to be issued [2] Stock Option Plan - Under the approved Stock Option Plan, Giga Metals will grant 3,125,000 stock options to certain directors, employees, and consultants, exercisable at $0.15 per share, expiring on November 17, 2030 [3] - 25% of the options will vest immediately, with an additional 25% vesting on each anniversary after issuance, and 100% will vest in the event of a change of control [3] Company Overview - Giga Metals Corporation's core asset is the Turnagain Project in northern British Columbia, which contains significant undeveloped sulphide nickel and cobalt resources [4] - The Turnagain ultramafic complex is also prospective for copper, platinum, and palladium mineralization in the Attic Zone, adjacent to the known nickel resource [5]

Core Points - Giga Metals Corp has entered into a strategic agreement with Existing Agency Inc to enhance its branding and digital strategy initiatives [1][2] - The agreement entails a monthly fee of $5,000 for an initial term of 12 months starting October 1, 2025 [1][3] - Services provided by Existing will include media services, webinars, video production, social media management, community management, brand asset development, and paid media support [2] - There are no performance obligations in the agreement, and Existing will not receive any equity compensation [3] - Giga Metals will fund the services from its general working capital [3] About Existing Agency Inc - Existing Agency is a creative and digital agency focused on innovation, impact, and influence across various sectors [4] - The agency specializes in social media management, content creation, paid amplification, design, branding, video production, and web development [4] About Giga Metals Corporation - Giga Metals' core asset is the Turnagain Project, which contains significant undeveloped sulphide nickel and cobalt resources [5] - The Turnagain Project is jointly owned by Giga Metals Corporation and Mitsubishi Corporation [5] - A Pre-Feasibility Study for the Turnagain Project was released in October 2023 [5]

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].

Core Points - Giga Metals Corp. has successfully closed the second tranche of its non-brokered private placement financing, following the first tranche closure on July 30, 2025 [1][2] - The second tranche raised gross proceeds of $188,000, consisting of 555,556 flow-through units at $0.09 each and 1,725,000 hard dollar units at $0.08 each [2] - The proceeds from the flow-through offering will be allocated to advance the Turnagain project and other potential Canadian properties, adhering to the definition of "flowthrough mining expenditures" under the Tax Act [4] Financial Details - The second tranche included 555,556 FT Units generating $50,000 and 1,725,000 HD Units generating $138,000 [2] - Each FT Unit comprises one flow-through common share and one warrant, while each HD Unit consists of one common share and one warrant, with warrants exercisable at $0.11 for three years [3] - Finder's fees for the offering amounted to $9,100 in cash and 108,889 finder's warrants, each exercisable at $0.08 for three years [5] Future Plans - A third tranche of the private placement is expected to close around August 20, 2025, pending necessary regulatory approvals [6] - The Turnagain Project, a core asset of Giga Metals, is noted for its significant undeveloped sulphide nickel and cobalt resources, with a Pre-Feasibility Study released in October 2023 [8]

Core Insights - Nickel 28 Capital Corp. reported strong operational results for Q2 2025, particularly from its Ramu Nickel-Cobalt operation in Papua New Guinea, with expectations for a robust second half of the year [1][3]. Operational Performance - Ramu's ore processed in Q2 2025 was 885,000 tonnes, a slight increase from 856,000 tonnes in Q2 2024 [4]. - MHP produced in Q2 2025 was 20,859 dry tonnes, up from 18,899 dry tonnes in the same period last year [4]. - Contained nickel production increased to 8,564 tonnes in Q2 2025 from 7,555 tonnes in Q2 2024, while contained cobalt production rose to 787 tonnes from 675 tonnes [4][6]. - Nickel capacity utilization reached 105% of design capacity in Q2 2025, compared to 93% in Q2 2024 [4]. Sales and Inventory - Nickel sales in Q2 2025 were 7,846 tonnes, slightly higher than 7,666 tonnes in Q2 2024 [6]. - Cobalt sales increased to 719 tonnes in Q2 2025 from 684 tonnes in the same period last year [6]. - The nickel inventory at the end of Q2 2025 was 2,843 tonnes [6]. Financial Metrics - The average nickel price on the LME in Q2 2025 was US$6.88 per pound, an 18% decrease from the previous year, while the average cobalt price was US$15.23 per pound, an 18% increase [6]. - Production costs for nickel in Q2 2025 were US$2.68 per pound, down from US$3.37 per pound in Q2 2024 [6]. Future Outlook - The company anticipates uninterrupted production in the second half of 2025 following the completion of annual maintenance on its HPAL autoclaves [3]. - Strong production and an inventory balance are expected to drive higher sales in the latter half of 2025 [3]. Company Overview - Nickel 28 holds an 8.56% joint-venture interest in the Ramu Nickel-Cobalt operation, which is significant for the production of nickel and cobalt, essential for electric vehicle adoption [1][8].

Project Overview - The Kalgoorlie Nickel Project (KNP) Goongarrie Hub has a project life of over 40 years, with planned production of 30ktpa of nickel and 2ktpa of cobalt[14] - The KNP Goongarrie Hub contains a Mineral Resource Estimate (MRE) of 584Mt at 0.69% Ni and 0.043% Co, for 4Mt of contained Ni and 250kt of contained Co[16] - The project's Definitive Feasibility Study (DFS) is fully funded by Japanese partners Sumitomo Metal Mining (SMM) and Mitsubishi Corporation (MC) up to A$98.5M[21] Partnership and Funding - SMM aims to increase nickel production from 81ktpa (FY23) to 150ktpa[22] - The Consortium (SMM and MC) is funding the DFS up to A$98.5M to earn up to 50% interest in Kalgoorlie Nickel Pty Ltd (KNPL)[21, 137] - Ardea retains 100% ownership of non-Goongarrie Hub KNP projects, including the Kalpini Hub with an MRE of 270Mt at 0.76% Ni and 0.05% Co, containing 2Mt of Ni and 136kt of Co[16, 81] Market and Production - Global MHP and MSP production has increased by over 300% since 2020[33] - Electric Vehicle (EV) sales grew by 28% year-to-date in H1 2025, with 9.1 million units sold[41] - Global energy storage grid deployments increased by 94% year-on-year in January 2025, reaching 13.6GWh[41] Financials and Costs - The Pre-Feasibility Study (PFS) indicates a low C1 Opex before Cobalt credit of US$10,197/t Ni in MHP LOM[65] - The project benefits from a potential 10% refund against processing costs for the first decade under Australia's "Critical Minerals Production Tax Inventive"[70] - The PFS outlines a pre-tax NPV7 of A$7,625M and a post-tax NPV7 of A$4,980M[118]

Core Points - Giga Metals Corp. has successfully closed the first tranche of its non-brokered private placement financing, which was announced on July 17, 2025 [1][6] - The first tranche raised gross proceeds of $310,414 from the sale of 3,449,039 flow-through units at $0.09 each and $156,000 from 1,950,000 hard dollar units at $0.08 each [2] - The proceeds from the flow-through offering will be allocated to advance the Turnagain project and other potential Canadian properties, with a commitment to incur eligible Canadian exploration expenses [4] Financial Details - Each flow-through unit consists of one common share and one purchase warrant, while each hard dollar unit consists of one common share and one purchase warrant [3] - The warrants are exercisable at $0.11 for three years, expiring on July 30, 2028 [3] - Finder's fees for the offering amounted to $24,738 in cash and 281,488 finder's warrants, which are also exercisable into common shares at $0.08 each for three years [5] Future Plans - A second tranche of the private placement is expected to close around August 13, 2025, subject to regulatory approvals [6] - Giga Metals Corporation's core asset is the Turnagain Project, which contains significant undeveloped sulphide nickel and cobalt resources [8]

Core Points - Giga Metals Corp. has successfully closed the first tranche of its non-brokered private placement financing, which was announced on July 17, 2025 [1][2] - The first tranche raised gross proceeds of $310,414 from the sale of 3,449,039 flow-through units at $0.09 each and $156,000 from 1,950,000 hard dollar units at $0.08 each [2] - The proceeds from the flow-through offering will be allocated to advance the Turnagain project and other potential Canadian properties, with a commitment to incur eligible Canadian exploration expenses [4] Financial Details - Each flow-through unit consists of one common share and one purchase warrant, while each hard dollar unit consists of one common share and one purchase warrant [3] - The warrants are exercisable at $0.11 for three years, expiring on July 30, 2028 [3] - Finder's fees for the offering amounted to $24,738 in cash and 281,488 finder's warrants, which are also exercisable into common shares at $0.08 each for three years [5] Future Plans - A second tranche of the private placement is expected to close around August 13, 2025, pending necessary regulatory approvals [6] - The Turnagain Project, which is a significant undeveloped sulphide nickel and cobalt resource, is the core asset of Giga Metals Corporation [8]