Nickel 28 Announces Fiscal 2023 Financial Results
2023年5月17日 - 9:30PM
ビジネスワイヤ(英語)
Nickel 28 Capital Corp. (“Nickel 28” or the
“Company”) (TSXV: NKL) (FSE: 3JC0) has
released its financial results for the financial period ended
January 31, 2023.
The Company’s Chairman, Anthony Milewski is pleased to announce
that “with another strong year of production and sales performance
from Ramu, the Company continues to receive significant cash
distributions from Ramu. As a result of Ramu’s strong operating
results and financial performance, the Company repaid US$21.3
million of its construction debt, which leaves a remaining
construction debt balance of US$55.8 million at the end of the
fiscal year.” Mr. Milewski continued, “We would once again like to
thank our joint venture partner, Metallurgical Corporation of
China, for another exceptional year.”
Full Year Highlights
The Company’s principal asset, an 8.56% joint-venture interest
in the Ramu Nickel-Cobalt (“Ramu”) integrated operation in
Papua New Guinea, had another outstanding year in terms of
production, sales and cash flow. Highlights from Ramu and the
Company during the year include:
- Full year debt repayment of US$21.3 million, with a remaining
construction debt balance of US$55.8 million as at January 31st,
2023.
- Production of 34,302 tonnes of contained nickel and 2,987
tonnes of contained cobalt in mixed hydroxide precipitate (MHP)
placing Ramu as one of the top producers of MHP globally.
- Total Ramu project revenue of over US$820 million.
- Average cash costs for the year, net of by-product sales, of
US$3.37/lb. of contained nickel.
- Total net and comprehensive income of US$6.1 million or US$0.07
per share.
“Ramu’s consistent performance of production at the bottom of
the cost curve continues to translate into strong cash flow
regardless of commodity prices. Given this, we expect Ramu to again
deliver strong results in 2023 as EV demand for nickel rich
batteries improves,” stated Justin Cochrane, President of the
Company.
About Nickel 28
Nickel 28 Capital Corp. is a nickel-cobalt producer through its
8.56% joint-venture interest in the producing, long-life and
world-class Ramu Nickel-Cobalt Operation located in Papua New
Guinea. Ramu provides Nickel 28 with significant attributable
nickel and cobalt production thereby offering our shareholders
direct exposure to two metals which are critical to the adoption of
electric vehicles. In addition, Nickel 28 manages a portfolio of 10
nickel and cobalt royalties on development and exploration projects
in Canada, Australia and Papua New Guinea.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain information which constitutes
‘forward-looking statements’ and ‘forward-looking information’
within the meaning of applicable Canadian securities laws. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements are often identified by
terms such as “may,” “should,” “anticipate,” “expect,” “potential,”
“believe,” “intend” or the negative of these terms and similar
expressions. Forward-looking statements in this news release
include but are not limited to: statements with respect to
anticipated future production, sales and cash flow from Ramu and
matters relating thereto. Readers are cautioned not to place undue
reliance on forward-looking statements. Forward-looking statements
involve known and unknown risks and uncertainties, most of which
are beyond the Company’s control. Should one or more of the risks
or uncertainties underlying these forward-looking statements
materialize, or should assumptions underlying the forward-looking
statements prove incorrect, actual results, performance or
achievements could vary materially from those expressed or implied
by the forward-looking statements.
The forward-looking statements contained herein are made as of
the date of this release and, other than as required by applicable
securities laws, the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. The
forward-looking statements contained in this release are expressly
qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No securities regulatory authority has
either approved or disapproved of the contents of this news
release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230517005483/en/
Investors:
Justin Cochrane Tel: + 1 289 314 4766 Email:
info@nickel28.com
Kingsdale Advisors Tel: 1-888-518-1557 or
416-867-2272 Email: contactus@kingsdaleadvisors.com
Media:
Gagnier Communications Riyaz Lalani & Dan
Gagnier Tel: +1 416 305 1459 Email:
NKL28@gagnierfc.com
Nickel 28 Capital (TSXV:NKL)
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Nickel 28 Capital (TSXV:NKL)
過去 株価チャート
から 5 2023 まで 5 2024