Nickel 28 posts FY27 Q2 net profit of US$2.8 million, or US$0.03 a share

Nickel 28 posted net and comprehensive profit of US$2.8 million, or US$0.03 a share, for the three months ended July 31, 2026. Cash totaled US$9.2 million at quarter-end, while non-recourse construction debt stood at US$32.7 million. Ramu joint venture delivered operating profit of US$5.3 million; production reached 8,234 tonnes of contained nickel and 811 tonnes of contained cobalt in MHP. MHP sales totaled 8,967 tonnes of contained nickel and 881 tonnes of contained cobalt; management cited rising sulphur prices and strong payability levels. Company expects second-half 2026 production and