Nickel 28 Capital Corp. is pleased to provide an update on the strong operational results for the quarter ending December 31, 2022 and for the full year of 2022 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 2022 [...]
Nickel 28 Capital Corp. today publicly responds to an unsolicited, non-biding and self-serving proposal received from a shareholder of the Company. On February 6, 2023 the Company received a letter addressed to its board of directors from a shareholder proposing a value destructive, coercive and highly dilutive US$15 million private placement financing. The shareholder's stated purpose for the financing would be to [...]
Nickel 28 Capital Corp. provides the following update to shareholders from its Executive Chairman, Mr. Anthony Milewski. As the Company continues to approach repayment of its share of the outstanding Ramu construction debt, management is increasingly asked by shareholders and analysts alike how the Company intends to use its portion of the free cash flow from the sale of nickel and cobalt from the Ramu Nickel project once [...]
Nickel 28 Capital Corp. provides the following update to shareholders from its Executive Chairman, Mr. Anthony Milewski. As we close out 2022, I want to take a moment to provide an update to our shareholders and partners. As one of the few nickel producers listed on the Toronto Stock Exchange or TSX Venture Exchange, Nickel 28 is a unique vehicle providing shareholders with leverage to the price of nickel and cobalt [...]
Nickel 28 Capital Corp. has released its results for the quarter ended October 31, 2022. "Ramu had an exceptionally strong third calendar quarter, with sales of 13,961 tonnes of contained nickel in MHP and production of 8,939 tonnes of contained nickel in MHP" stated Anthony Milewski, the Company's Chairman. "Additionally, and despite reduced production for a short period of time because of the previously reported [...]
Nickel 28 Capital Corp. is pleased to provide operational results for the production quarter ending September 30, 2022 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 the Metallurgical Corporation of China . Q3 2022 Ramu Highlights: Ramu Q3 2022 production of 8,939 tonnes of [...]
Nickel 28 Capital Corp. has released its results for the quarter ended July 31, 2022. "During the quarter, Ramu continued its strong production results and remained one of the lowest cost nickel mines in the world," stated Anthony Milewski, the Company's Chairman. "Ramu sales continue to be slower than expected, however nickel and cobalt prices remain elevated." Quarterly Highlights The Company's principal asset, an 8.56 [...]
Nickel 28 Capital Corp. is pleased to announce today the voting results for the election of its board of directors, which took place at the Company's Annual General and Special Meeting held on August 15, 2022 in Toronto, Ontario, Canada. The number of directors was set at four and all of the nominees listed in the management proxy circular dated July 15, 2022 were elected as directors of Nickel 28 at the meeting. Detailed [...]
Nickel 28 Capital Corp. is pleased to provide an update on its 2.0% Net Smelter Return royalty from Giga Metal's Turnagain Nickel/Cobalt deposit. Earlier today, Giga announced the formation of a joint venture with Mitsubishi Corporation to pursue the development of the Turnagain Nickel Deposit in northern British Columbia, Canada. This joint venture reinforces the Company's belief that the Turnagain deposit is world class [...]
Nickel 28 Capital Corp. is pleased to provide operational results for the production quarter ending June 30, 2022 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 the Metallurgical Corporation of China . Q2 2022 Ramu Highlights: Ramu Q2 2022 production of 8,128 tonnes of contained [...]
Nickel 28 Capital Corp. has released its results for the quarter ended April 30, 2022. "During the quarter, the Company received a cash distribution of $3.5 million from Ramu's operating surpluses for the second half of 2021. In addition, production at Ramu returned to historic highs, following a short pause in production at the end of 2021 due to Covid." stated Anthony Milewski, the Company's Chairman. "Ramu sales have [...]
Nickel 28 Capital Corp. has released its results for the year ended January 31, 2022. The Company's President, Justin Cochrane is pleased to announce that "with continued significant cash generation from Ramu in 2021, and higher nickel prices, the Company repaid the first tranche of its Joint Venture debt, and we received our first cash distribution from Ramu." Mr. Cochrane continued, "operating results from Ramu continue [...]
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