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Nickel 28 Files Fiscal Q2 2026 Financial Statements
Toronto, Ontario--(Newsfile Corp. - September 24, 2025) - Nickel 28 Capital Corp.  (TSXV: NK...
About this update from Nickel 28 Capital Corp
[{"type":"text","content":"Nickel 28 Files Fiscal Q2 2026 Financial StatementsToronto, Ontario--(Newsfile Corp. - September 24, 2025) - Nickel 28 Capital Corp. (TSXV: NKL) (FSE: 3JC0) (\"Nickel 28\" or the \"Company\") has released its results for the quarter ended July 31, 2025. Quarterly HighlightsKey financial and operating highlights from the Company's second financial quarter ended July 31, 2025, and the operations of the Company's principal asset, an 8.56% joint-venture interest in the Ramu Nickel-Cobalt integrated operation in Papua New Guinea (\"Ramu\"), include the following:Production of 8,564 tonnes of contained nickel and 787 tonnes of contained cobalt in mixed hydroxide precipitate (\"MHP\") during the second calendar quarter.Sales of 7,846 tonnes of contained nickel and 719 tonnes of contained cobalt in MHP during the second calendar quarter.Average production costs for the second calendar quarter, net of by-product sales, of US$2.68/lb of contained nickel.Share of operating profit from Ramu Nickel Mine of US$1.2 million during the second calendar quarter.Total net and comprehensive profit of US$0.1 million (US$0.00/share) for the three months ended July 31, 2025.Financial quarter end cash balance of US$8.0 million.Total non-recourse construction debt of US$37.5 million as at July 31, 2025.Craig Lennon, the Company's Chief Executive Officer, stated: \"As detailed in our Q2 2025 Operating Performance press release, the second quarter of calendar year 2025 was strong and the activities undertaken during the quarter have set the project up for what we expect to be a very good second half of calendar year 2025. During June the project undertook annual shutdown maintenance on two of the project's three HPAL (high pressure acid leach) autoclaves, the third HPAL autoclave underwent annual maintenance during Q1 2025. That annual maintenance has been completed means that, assuming no unforeseen issues, we expect the second half of 2025 will be interruption free in terms of production. Production to date in Q3 2025 has been very strong and we continue to achieve record weekly production rates.Financially we have ended the quarter with a strong cash balance, have our corporate costs down to our target levels [under US$2.5 million for the year ended January 31, 2026, excluding any costs associated with legal claims and transaction costs - cate...