Nickel Industries (ASX:NIC) swaps Sampala equity for CNE HPAL at 5.4x uplift

Nickel Industries (NIC) Expands HPAL Footprint with Strategic Share Swap

NICKEL INDUSTRIES LIMITED (ASX: NIC) has announced it has entered into a binding Framework Agreement with its Indonesian partners for long-term strategic cooperation in nickel ore mining and high-pressure acid leach (HPAL) processing. Nickel Industries Limited (NIC) is an ASX-listed company which owns a portfolio of mining and low-cost downstream nickel processing assets in Indonesia. The company is strategically focused on transitioning its pro…

Nickel Industries (ASX:NIC) swaps Sampala equity for CNE HPAL at 5.4x uplift

The share-for-share structure adds 10,208 tonnes of attributable HPAL nickel without a dollar of new equity raised Nickel Industries (ASX:NIC) has pulled off the kind of capital-light deal that resource investors rarely get to see. The company will swap an 18% effective interest in its Sampala nickel ore project for a 36% stake in CNE, a new HPAL processing plant inside the Indonesia Morowali Industrial Park. No cash changes hands. The Sampala e…