Company Profile

Nickel 28 owns a collection of assets which provide it with exposure to, principally, nickel and cobalt. The Company’s strategy is to maximize and, eventually, realize the value of those assets. The Company has no present expectation that it will make acquisitions of new assets. At the present time, the Company’s intention is to fund working capital through existing cash on hand and cash flow generated from its joint venture interest in the Ramu Nickel Mine.

The Company applies a disciplined investing and operating approach to execute its business plan and enhance its exposure to nickel and cobalt through the acquisition of new or existing royalties in producing mines, development projects and exploration properties located in conflict-free jurisdictions. Nickel 28’s primary focus is on opportunities that could provide shareholders near-term cash flow, and royalties on production and exploration-stage nickel and/or cobalt properties that could provide longer-term optionality on the price of nickel and cobalt. In the future, Nickel 28 may consider acquisitions of royalties, streams, or direct interests in other minerals properties. At the present time, the Company’s intention is to fund working capital through existing cash on hand and cash flow generated from its joint venture interest in the Ramu Nickel Mine.

Investor demand for battery materials such as nickel and cobalt, has grown significantly over the past few years – and will continue to grow as the demand trajectory for electric vehicles increases year over year.

Additionally, new sources of mine financing will be required over the coming years to meet forecasted demand for critical battery metals.

By purchasing current and future mined production of battery metals, Nickel 28 is well positioned to take advantage of the early stages of the battery metals upcycle.  Large-scale, base metals producers are actively seeking to leverage byproduct metals to fund mine expansion and repay debt using alternative, non-dilutive sources of capital, which will allow for alternative financing with royalties.

In 2018, Nickel 28 acquired an 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel Cobalt Operation located in Papua New Guinea, which provides the company with significant attributable cash flow from Ramu’s nickel and cobalt production. In addition, the company manages a portfolio of ten nickel and cobalt royalties from battery metal projects at the development and exploration stage in Canada, Australia and Papua New Guinea. The company will continue to focus its investment strategy on battery metals-focused projects where royalties and direct interest opportunities will provide Nickel 28 shareholders with long term sustainable value accretion.

Nickel 28 believes the acceleration of global demand for electric vehicles, driven by strong improvements to battery technology and increased engagement from traditional automotive manufacturers, will continue to support positive market dynamics for battery metals over the next 10 years and provide shareholders with significant potential value appreciation through the company’s assets.

The company’s disciplined strategy is steadfast:  “to maximize shareholder value appreciation, through its assets and strong cash flow profile, and deliver growth to shareholders as the battery metals market strengthens”.