Event Replay Chat
stevensalloway
Apr 17 2026
So Ali, is it going to be seamless in time 2.5 years on tailings and then right in to the mine processing?
bobby.rainer
Apr 17 2026
Can you comment on the Indonesian Infrastructure build out of HPAL and the demand on local nickel ores?
ausingercomp
Apr 17 2026
For Ali -- looking at the IMA mine project, your website says there is considerable Cu, Zn and Pb in the deposit. Are you going to try to get additional revenue from these resources - Cu in particular being particularly popular?
bobby.rainer
Apr 17 2026
For Mr. Colwell, How close is your operation to necessary infrastructure and smelters?

bcolwell
Apr 17 2026
Just missed you there Bobby, but the buildout has been significant. For example, 2 years ago there were 6 HPAL processors, as of January this year there's now 12. Thats 6 multi billiion processors coming online in just 2 years. So the demand is exceptionally high right now. Kitco had an article go out a few weeks ago where it stated that capacity utilization rates for smelters/processors in Indonesia could be as low as 70-75%. So there is strong demand for all ore inside the country at this time and for the forseeable future
Tuttle
Apr 17 2026
I'd love to hear more from the teams on selling forward and locking in high prices from time to time based on profit goals - for example when Silver is above some price, say $85 or $90/oz.
epstein.peter4
Apr 17 2026
For Ali, what tungsten and silver prices are you assuming for sales from tailings for that US$40M in revenue
mniehuser
Apr 17 2026
What accounts for the recent increase in the nickel price?

bcolwell
Apr 17 2026
Bobby - our operations are a 10km drive all by finished road to the local jetty. We then drop off on the barge, do our PSI test, and get paid in full at that time; repeat. For the trading side, we would then ship that ore to the 14 active nickel smelters within 170km of our operations. We're in Central Sulawesi which is the #1 nickel district in Indonesia, which also makes it the #1 nickel district in the world for production output
bobby.rainer
Apr 17 2026
How does Indonesia's the new pricing mechanism on nickel ore affect Nusa Nickel? Cobalt, Iron and Chromium content is included in the Nickel Ore pricing? Does the benefit producers more at the expense of the smelters?

bcolwell
Apr 17 2026
Mniehuser- The biggest reason for nickel rising is the Indonesian government proving that they're more of an OPEC to nickel than Saudi Arabia is to oil. They cut the production quota in early december last year which saw LME nickel prices go from roughly $14k USD /mt to $18.5k USD. So they now know they have significant control over nickel prices
stevensalloway
Apr 17 2026
What assurance has the U.S government given your companies that we will not fall into the foreign dependence again. Thereby driving your product down in prices. All these mines are ramping up all over the world to exclude or limit China. What happens if relations get better. Has everyone learned their lesson?
Carl Hermansen
Apr 17 2026
100% per Brandon's comment. As an investor in Nusa, his investor updates (as a private company) have been second to none.
salvo82
Apr 17 2026
For Mr Haji _ is phase 1 drilling complete
Phil
Apr 17 2026
Ali, any update or move on Mazda?

Romeo Maione
Apr 17 2026
Will pass all these questions through to relevant teams - sorry couldn't get to everything today. I'll make sure the teams get back to you.
stevensalloway
Apr 17 2026
Thanks all for taking this issue seriously!

Romeo Maione
Apr 17 2026
It was a good question!
chris
Apr 17 2026
Home run Brandon. Great job, all.
Phil
Apr 17 2026
TY Ali!!!!
Scaling Up: Building Value With Every Tonne
Hosted by American Tungsten, Kuya Silver, Nusa Nickel
Fri, Apr 17, 2026
03:00 PM
Description
Join us as we hear from developers and early producers about scaling production and what it truly takes to move from the drawing board to delivering ounces and pounds — with insights from American Tungsten, Kuya Silver and Nusa Nickel.
Featured Presenters

Ali Haji
CEO at American Tungsten

Ali Haji brings over 20 years of global metals and mining, investment management, and public capital markets experience. He has played a key role in advancing mining projects across tungsten, lithium, copper, and gold, including executing transformative M&A initiatives. He has previously held senior roles with ION Energy, Aranjin Resources and Invesco Ltd. and currently serves as an advisor to ATMA Capital Markets Ltd.

David Stein
President, CEO & Director at Kuya Silver

Mr. Stein is the Founder of Kuya and President since 2017. Educated with a technical background in Geology and Engineering, Mr. Stein jumped into the capital markets very early in his career, in 2001, as a mining equities analyst for a prominent Canadian broker-dealer. More recently Mr. Stein was President and CEO of Aberdeen International, where he led various private equity and public company investment mandates.

Brandon Colwell
CEO at Nusa Nickel

Brandon is a seasoned entrepreneur and investor with over nine years of experience building and advising companies across the capital markets. Over this period, he has worked alongside hundreds of public and private companies, helping build strong relationships with investor groups globally. He currently serves as a Strategic Advisor to Golden Rapture Mining (CSE: GLDR) and previously co-founded and served as Chief Executive Officer of Sagacity Capital Media, a corporate strategy and full-service marketing firm focused on emerging and growth-stage public companies. He specializes in assembling the right teams and building companies from the ground up, with a clear focus on long-term shareholder value.
Translate

