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Nickel Industries Limited (ASX:NIC)

ALERT: Price-sensitive ASX Announcement for NIC
Current share price for NIC : $0.790 -0.19 (-19.39%)+
Announcement
Release
17 Jun 2026 9:21AM
Price at Release
$0.980
Full Release
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Summary
Nickel Industries Limited, an Australian-based company, has provided an operating update detailing significant milestones and financial achievements for the months of April and May 2026. The company reported an adjusted EBITDA from operations of approximately US$80 million, despite an 8-day downtime in April. The company's RKEF operations released substantial working capital, expecting US$70 million in distributions by early July, alongside a US$15 million refund from Shanghai Decent. The commissioning of the Excelsior Nickel Cobalt (ENC) HPAL project is underway, with significant progress in ore preparation and expected production of mixed hydroxide precipitate (MHP) by mid-July and nickel cathode by mid-August. This development marks a strategic shift towards the electric vehicle battery supply chain, enhancing Nickel Industries' production portfolio and sustainability efforts.
Key Points
  • Adjusted EBITDA of approximately US$80 million for April and May 2026.
  • RKEF operations released US$70 million in working capital.
  • US$15 million refund from Shanghai Decent.
  • Commissioning of ENC HPAL project is underway.
  • First ore received at the limonite feed preparation plant in May.
  • Mixed hydroxide precipitate expected by mid-July.
  • Nickel cathode expected by mid-August.
  • Strategic shift towards the electric vehicle battery supply chain.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.