Nickel 28 Capital Corp. today announced that it has entered into a settlement agreement with Black Vulcan Resources LLC and its principal, Anthony Milewski in connection with the termination of the Milewski Parties' consulting arrangement with the Company previously announced on May 6, 2024 . Nickel 28 and the Milewski Parties have entered into the Settlement which includes a full and final mutual release of any claims [...]
Nickel 28 Capital Corp. provides this bi-weekly default status report in accordance with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Orders . The Company previously announced that it had been granted a management cease trade order by the Ontario Securities Commission, as principal regulator, in response to the Company's voluntary application on the basis that the [...]
Nickel 28 Capital Corp. is pleased to announce that, further to its news release dated May 16, 2024, the Ontario Securities Commission, as principal regulator, has granted the Company a management cease trade order in response to the Company's voluntary application in respect of its delay in filing its audited annual financial statements, management's discussion and analysis, and related certifications, all for the year [...]
Nickel 28 Capital Corp. is pleased to provide an update on mineral resources and reserves based on data for the Ramu Nickel-Cobalt operation from the project operator; China Metallurgical Group Corporation . Nickel 28 currently holds an 8.56% joint-venture interest in Ramu. Ramu is operated by MCC which, along with its partners, owns an 85.0% interest. Following repayment of the Company's construction debt owed to MCC [...]
Nickel 28 Capital Corp. announced today that it has made a voluntary application to the applicable Canadian securities regulatory authorities for a temporary management cease trade order under National Policy 12-203 - Management Cease Trade Orders , which, if granted, will prohibit trading in securities of the Company by certain directors and officers of the Company until such time as the Required Filings and all [...]
Nickel 28 Capital Corp. is pleased to provide operational results for the quarter ending March 31, 2024 for the Company's largest asset; the Ramu Nickel-Cobalt integrated operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by the Metallurgical Corporation of China . Q1 2024 Ramu Highlights: Ramu Q1 2024 production of 8,282 tonnes of contained nickel in MHP [...]
We are issuing this statement in response to recent allegations made by the Special Committee of Nickel 28 Capital Corp. , concerning the terminations of Mr. Anthony Milewski, Mr. Justin Cochrane, and Mr. Conor Kearns . The Special Committee has made several claims regarding the circumstances surrounding the terminations of the Founding Management Team. We categorically deny these allegations and assert that they are [...]
Nickel 28 Capital Corp. today announced that Mr. Anthony Milewski, former Chief Executive Officer of the Company, Mr. Justin Cochrane, former President of the Company, and Mr. Conor Kearns, former Chief Financial Officer of the Company, have been terminated for cause with immediate effect after the Company found evidence of serious misconduct, breach of duties and obligations, repeated lack of judgment, care and diligence [...]
Nickel 28 Capital Corp. , one of Canada's only pure-play nickel and cobalt producers, today announced its participation in the following investment conferences: BMO Global Metals, Mining & Critical Minerals Conference Senior management including Anthony Milewski and Justin Cochrane will participate in BMO's Global Metals, Mining & Critical Minerals Conference with a series of one-on-one meetings with institutional [...]
Nickel 28 Capital Corp. is pleased to provide an update on the strong operational results for the quarter ending December 31, 2023, and for the full year of 2023 for the Company's largest asset, being its interest in the Ramu Nickel-Cobalt integrated operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China. Full Year and Q4 [...]
Nickel 28 Capital Corp. is pleased to provide nickel and cobalt production levels for the Company's largest asset, being the Ramu Nickel-Cobalt integrated operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China . Announcement Highlights: For the calendar year ending December 31, 2023 Ramu produced 33,604 tonnes of nickel and [...]
Nickel 28 Capital Corp. has released its results for the quarter ended October 31, 2023. All figures are expressed in United States dollars, unless otherwise indicated. "During the quarter, Ramu distributed $13.7 million to the Company via a cash distribution of $4.8 million and a reduction of its non-recourse construction debt of $8.9 million from the Company's share of Ramu's H1 2023 operating surpluses," stated Anthony [...]