Nickel 28 Capital Corp. has released its results for the quarter ended October 31, 2024. All figures are expressed in United States dollars, unless otherwise indicated. Quarterly Highlights The Company's principal asset, its 8.56% joint-venture interest in the Ramu Nickel-Cobalt integrated operation in Papua New Guinea , had another strong quarter. Highlights from Ramu and the Company during the quarter include: Cash [...]
Nickel 28 Capital Corp. is pleased to provide an update regarding further cost cutting measures and resulting organizational changes. Change to the Executive Management of Nickel 28: Effective December 31st, 2024 Chris Wallace will be stepping down as Chief Executive Officer. Craig Lennon, Chief Financial Officer and Head of Asia Pacific, will be assuming the role of Chief Executive Officer, in addition to his current [...]
Nickel 28 Capital Corp. today announced that it has become aware of an action commenced by Justin Cochrane, former President of the Company, against the Company and two of its directors, Brett Richards and Edward Collery. The Company believes that the Action has no merit and will vigorously defend it. Mr. Cochrane was terminated for cause on May 3, 2024, after the Company found evidence of serious misconduct, breach of [...]
Nickel 28 Capital Corp. is pleased to provide an update on executive compensation matters and announce the adoption by the board of directors of a fixed 10% stock option plan . "We are pleased to announce the adoption of a new fixed 10% stock option plan as a final element of Nickel 28's new and enhanced executive compensation program," commented C. Ian Ross, Chairman of the Board of Nickel 28. "Since the reconstitution [...]
Nickel 28 Capital Corp. is pleased to provide operational results for the quarter ending September 30, 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 . Q3 2024 Ramu Highlights: Ramu Q3 2024 production of 6,880 tonnes of contained nickel in [...]
Pelham Investment Partners LP announced today the acquisition of additional common shares of Nickel 28 Capital Corp. pursuant to the early warning requirements of applicable Canadian securities laws. On October 21, 2024, Pelham LP acquired an aggregate of 57,800 Common Shares at an average price per share of $0.7902 for an aggregate purchase price of approximately $45,674 over the facilities of the TSX Venture Exchange [...]
Nickel 28 Capital Corp. is pleased to announce the pending receipt of its seventh cash distribution from the Ramu joint venture. Nickel 28 has received confirmation of a cash distribution for H1 2024 operating performance of approximately US$4.0 million in respect of its 8.56% joint-venture interest in the Ramu Nickel-Cobalt project in Papua New Guinea, which is operated by Metallurgical Corporation of China. Nickel 28 [...]
Nickel 28 Capital Corp. has released its results for the quarter ended July 31, 2024. All figures are expressed in United States dollars, unless otherwise indicated. Quarterly Highlights The Company's principal asset, an 8.56% joint-venture interest in the Ramu Nickel-Cobalt integrated operation in Papua New Guinea , had another outstanding quarter. Highlights from Ramu and the Company during the quarter include [...]
Nickel 28 Capital Corp. is pleased to announce that the under the Company's TSX Venture Exchange approved normal course issuer bid , it has purchased 120,500 Nickel 28 common shares, for aggregate consideration of C$78,900 up to September 13, 2024, through its appointed broker Haywood Securities Inc. From August 9, 2024, to September 13, 2024, inclusive, a total of 480,000 shares have been purchased under the NCIB. All [...]
Nickel 28 Capital Corp. is pleased to announce that under the Company's TSX Venture Exchange approved normal course issuer bid , it has purchased 129,500 Nickel 28 common shares, for aggregate consideration of C$91,070 up to September 6, 2024, through its appointed broker Haywood Securities Inc. From August 9, 2024 to September 6, 2024, inclusive, a total of 359,500 shares have been purchased under the NCIB. "We are [...]
Nickel 28 Capital Corp. today announced the results of its annual general and special meeting of shareholders held on August 29, 2024 . At the Meeting, each of the Company's nominees were duly elected as directors of Nickel 28. In addition, the shareholders of the Company also approved the reappointment of Baker Tilly WM LLP, Chartered Professional Accountants, as auditor of the Company for the ensuing year and to [...]
Nickel 28 Capital Corp. is pleased to announce that the under the Company's TSX Venture Exchange approved normal course issuer bid , it has purchased 230,000 Nickel 28 common shares, for aggregate consideration of C$172,110 up to August 23, 2024, through its appointed broker Haywood Securities Inc. "We are pleased to announce the share buyback of Nickel 28 common shares, up to August 23, 2024," stated Christopher Wallace [...]
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