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Nickel Industries Limited (ASX:NIC)

ALERT: Price-sensitive ASX Announcement for NIC
Current share price for NIC : $0.815 -0.12 (-12.83%)+
Announcement
Release
24 Jun 2026 9:46AM
Price at Release
$0.935
Full Release
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Summary
Nickel Industries Limited announced a strategic agreement involving the monetisation of its interests in the Sampala Project to acquire a stake in the CNE HPAL project in Indonesia. This transaction involves acquiring a 36% interest in CNE without any cash consideration, in exchange for an 18% stake in the Sampala Project. The CNE project, which is currently under development, aims to produce mixed hydroxide precipitate for the electric vehicle battery supply chain and is expected to expand the company's production capacity. This strategic move is intended to position Nickel Industries as a leading producer in the nickel market, specifically catering to the EV sector. The transaction is contingent upon shareholder approval and regulatory clearances.
Key Points
  • Nickel Industries entered a binding Framework Agreement for cooperation in nickel ore mining and HPAL processing.
  • Acquisition of 36% interest in CNE as an expansion to ENC with no cash consideration.
  • Monetisation of an 18% stake in the Sampala Project as part of the acquisition.
  • CNE's designed annual production capacity is 28,357 nickel tonnes.
  • The deal is contingent on shareholder approval and regulatory approvals.
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.