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]

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]