Nickel 28 Releases Ramu Q4 and Full Year 2025 Operating Performance

About this update from Metallurgical Corporation Of China Ltd. Class A

[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - February 23, 2026) - Nickel 28 Capital Corp. (TSXV: NKL) (FSE: 3JC0) ("Nickel 28" or the "Company") is pleased to provide operational results for the quarter ending December 31, 2025, and for the full calendar year of 2025 for the Company's largest asset; the Ramu Nickel-Cobalt ("Ramu") 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 ("MCC").","length":559,"tagName":"p"},{"type":"text","content":"Full Year Q4 2025 Ramu Highlights:","length":34,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q4 2025 production of 8,231 tonnes of contained nickel in Mixed Hydroxide Precipitate ("MHP"), compared to 5,952 tonnes in the same period last year.","length":159,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Full year production of 33,007 tonnes of contained nickel in MHP, compared to 28,669 tonnes last year.","length":102,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q4 2025 production of 777 tonnes and full year production of 3,099 tonnes of contained cobalt in MHP, compared to 549 tonnes in the same period last year and 2,625 tonnes for the 2024 full year.","length":194,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q4 2025 nickel sales of 8,763 tonnes and full year sales of 32,622 tonnes of contained nickel in MHP, compared to 5,308 tonnes in the same period last year and 30,523 tonnes for the 2024 full year.","length":197,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q4 2025 cobalt sales of 825 tonnes and full year sales of 3,061 tonnes of contained cobalt in MHP, compared to 488 tonnes in the same period last year and 2,793 tonnes for the 2024 full year.","length":191,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Nickel inventory on hand at quarter end was 1,674 tonnes of nickel in MHP.","length":74,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"LME average nickel price of US$6.75/lb in Q4 2025 and US$6.88/lb for the full year. This was a decrease of 7% from the same period last year (US$7.26/lb) and a decrease of 10% from the 2024 average (US$7.63/lb).","length":211,"tagName":"p","att...

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