Nickel 28 Capital Corp V.NKL

Alternate Symbol(s): CONXF

Metals & Mining Industrial Metals & Minerals

Nickel 28 Capital Corp. is a Canada-based nickel-cobalt producer through its 8.56% joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea. In addition, the Company manages a portfolio of nickel and cobalt royalties on projects in Canada, Australia and Papua New Guinea, including a 1.75% net smelter return (NSR) royalty in the Dumont nickel project in Quebec and a 2.0% NSR royalty on the Turnagain nickel project in British Columbia. The Company is focused on building its portfolio of battery metals investments, including streams, royalties and other direct interests in producing mines, development projects or exploration properties. The Company's royalties include Dumont Nickel-Cobalt Royalty, Turnagain Nickel-Cobalt Royalty, Flemington Cobalt-Scandium-Nickel Royalty and Nyngan Cobalt-Scandium-Nickel Royalty.

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Nickel 28 Capital Corp > name change and update on positioning the company

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Comment by AnthonyMilewskion Jan 15, 2021 9:11am

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Post# 32304687

RE:RE:RE:RE:name change and update on positioning the company

Yes, after paying off the first tranche of debt, ie the operating debt, we are entitled to 35% of our cash flow.
Yes, the interest rate is 5.05%
Yes, that is a good way of thinking about the financing deal that Highlands struck regarding construction
We anticipate paying off the first tranche this year. The speed at which the balance of the debt is primarily driven by nickel price. But we have the ability to repay or refinance that second trance at any time.

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