Nickel 28 Capital Corp.

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 [...]

Nickel 28 Capital Corp. is pleased to provide operational results for the production quarter ending September 30, 2023 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 . Q3 2023 Ramu Highlights: Ramu Q3 2023 production of 8,979 tonnes of contained [...]

Nickel 28 Capital Corp. is pleased to announce the successful resumption of full production levels at the Ramu Mine's Basumuk HPAL plant following the earthquake on October 7, referred to in our press release of October 10, 2023. The earthquake, which had a magnitude of 6.7, triggered immediate safety protocols and a comprehensive evaluation of the site's infrastructure. While the event disrupted operations temporarily [...]

Nickel 28 Capital Corp. announces that on October 7, 2023 at approximately 18:34 local time an earthquake of magnitude 6.7 struck Papua New Guinea with the epicenter approximately 5 km to the south of Ramu Mine's Basumuk HPAL plant . Immediately following the earthquake, Ramu Mine personnel initiated a controlled plant shutdown in order to address any issues and to ascertain the extent of any damage that may have occurred [...]

Nickel 28 Capital Corp. has released its results for the quarter ended July 31, 2023. "In the second calendar quarter of 2023, Ramu continued its strong performance of operations maintaining its industry leading low costs and ability to operate at above nameplate capacity" stated Anthony Milewski, the Company's Chief Executive Officer. "Ramu experienced reduced production during the quarter as it pursued the opportunity [...]

Nickel 28 Capital Corp. is pleased to announce the reconstitution of its board of directors in accordance with the recommendations of an independent review committee of the Board established for the purposes of, among other things, considering whether the resignations previously tendered by five of the Company's directors pursuant to Nickel 28's majority voting policy should be accepted. Based upon the recommendations of [...]

Nickel 28 Capital Corp. is pleased to provide operational results for the production quarter ending June 30, 2023 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. Q2 2023 Ramu Highlights: Production of 7,784 tonnes of contained nickel and 717 [...]

Nickel 28 Capital Corp. has released its results for the quarter ended April 30, 2023. "In the first calendar quarter of 2023, Ramu had another outstanding quarter of production and sales," stated Anthony Milewski, the Company's Executive Chairman. "Additionally, we're starting to see a material reduction in Ramu's cash costs on reduced input and operating costs." Quarterly Highlights The Company's principal asset, an [...]

Nickel 28 Capital Corp. is pleased to announce the appointment of Mr. C. Ian Ross as a new independent director to the Board of Directors , effective immediately. Mr. Ross brings extensive board, senior management and transactional experience in a wide variety of public companies and highly complex special situations. In addition, the Company is providing an update regarding the determination of the Board on the [...]

Majority of Votes Withheld from All Incumbent Nickel 28 Directors Board Has Lost Mandate of Shareholders to Lead the Company Reconstitution of the Board with Truly Independent Directors Representative of Shareholders is the Only Honorable and Appropriate Course of Action Pelham Investment Partners LP , a New York-based investment fund and the single largest shareholder of Nickel 28 Capital Corp. comments on the recent [...]