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The latest announcement is out from Nickel 28 Capital Corp ( (TSE:NKL) ).
Nickel 28 Capital Corp. reported fiscal third-quarter 2026 results showing steady production and profitability from its Ramu Nickel-Cobalt joint venture in Papua New Guinea, with 9,242 tonnes of contained nickel and 887 tonnes of contained cobalt produced, and 9,880 tonnes of nickel and 948 tonnes of cobalt sold in mixed hydroxide precipitate. The company posted a US$1.4 million share of operating profit from Ramu, net profit of US$0.6 million, an improved cash balance of US$9.5 million, and maintained non-recourse construction debt at US$35.4 million, while keeping corporate overheads below US$2.5 million excluding legal and one-time costs. Management highlighted uninterrupted operations and expectations for similar performance in the final quarter of 2025, which should support stronger loan repayment and potential cash distributions in the second half of the year, even as nickel prices remain flat, cobalt prices tick up, and Indonesian policy actions on illegal mining introduce potential supply-side tightening for the broader market.
Spark’s Take on TSE:NKL Stock
According to Spark, TipRanks’ AI Analyst, TSE:NKL is a Neutral.
Nickel 28 Capital Corp’s financial challenges, characterized by zero revenue and persistent losses, weigh heavily on its stock score. Technical analysis provides a more favorable outlook, with upward price momentum. Valuation remains a concern with negative earnings. Recent corporate events such as production resumption and leadership changes reflect operational improvements but don’t significantly alter financial performance.
To see Spark’s full report on TSE:NKL stock, click here.
More about Nickel 28 Capital Corp
Nickel 28 Capital Corp. is a nickel-cobalt producer with an 8.56% joint-venture interest in the Ramu Nickel-Cobalt operation in Papua New Guinea, providing shareholders with exposure to key battery metals used in electric vehicles. Beyond its producing asset, the company also manages a portfolio of 10 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea, positioning it as a leveraged play on long-term demand for critical energy-transition commodities.
Average Trading Volume: 37,885
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$59.84M
See more data about NKL stock on TipRanks’ Stock Analysis page.