VANCOUVER, British Columbia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Giga Metals Corp. (“Giga Metals” or the “Company”) (TSX.V: GIGA, OTCQB: GIGGF) is pleased to announce that it has entered into a strategic agreement (the “Agreement”) with Existing Agency Inc. (“Existing”) an arms-length independent contractor, to advance the Company’s branding and digital strategy initiatives. Under the engagement, Existing will be paid a fee of $5,000 per month (the “Services”) for an initial term of 12 months effective Octobe ...

Toronto, Ontario--(Newsfile Corp. - September 24, 2025) - Nickel 28 Capital Corp. (TSXV: NKL) (FSE: 3JC0) ("Nickel 28" or the "Company") has released its results for the quarter ended July 31, 2025. Quarterly HighlightsKey financial and operating highlights from the Company's second financial quarter ended July 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:Prod ...

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]

Project Overview - The Kalgoorlie Nickel Project (KNP) Goongarrie Hub is the largest nickel-cobalt Mineral Resource Estimate (MRE) in Australia [9] - KNP Goongarrie Hub contains 584Mt at 0.69% Ni and 0.043% Co for 4Mt of contained Ni and 250kt of contained Co [10] - KNP Kalpini Hub contains 270Mt at 0.76% Ni and 0.05% Co for 2Mt of contained Ni and 136kt of contained Co [10] - The project has a forecast operation of +40 years [53] Partnership and Funding - Sumitomo Metal Mining (SMM) and Mitsubishi Corporation (MC) are fully funding the Definitive Feasibility Study (DFS) up to A$98.5M to earn up to 50% interest in Kalgoorlie Nickel Pty Ltd (KNPL) [15] - The Consortium earned its first 17.5% in July 2025 [15] HPAL Technology and Production - Global MHP and MSP production has increased by over 300% since 2020 [26] - HPAL now into 5th generation of technical advances [21] Market Demand - Electric Vehicle (EV) sales reached 9.1 million in H1 2025, a 28% year-to-date growth [35] - Global energy storage grid deployments reached 13.6GWh in January 2025, a 94% year-on-year increase [35] - Global steel consumption is projected to increase by 132Mt, or over 7% [38] Cost Competitiveness - The Pre-Feasibility Study (PFS) indicates a low C1 Opex before Cobalt credit of US$10,197/t Ni (US$4.62/lb) in MHP LOM [60] - Australia's recently approved tax credit provides a 10% refund against processing costs (64% of PFS Opex estimate) for the first decade [65] Financial Metrics (from 2023 PFS) - Pre-tax NPV7 of A$7,625M (IRR 30%) and Post-tax NPV7 of A$4,980M (IRR 23%) [114] - Average Annual EBITDA of A$800M [114]