Nickel 28 Capital Corp. has released its results for the quarter ended July 31, 2023. "In the second calendar quarter of 2023, Ramu continued its strong performance of operations maintaining its industry leading low costs and ability to operate at above nameplate capacity" stated Anthony Milewski, the Company's Chief Executive Officer. "Ramu experienced reduced production during the quarter as it pursued the opportunity [...]
Nickel 28 Capital Corp. is pleased to announce the reconstitution of its board of directors in accordance with the recommendations of an independent review committee of the Board established for the purposes of, among other things, considering whether the resignations previously tendered by five of the Company's directors pursuant to Nickel 28's majority voting policy should be accepted. Based upon the recommendations of [...]
Nickel 28 Capital Corp. is pleased to provide operational results for the production quarter ending June 30, 2023 for the Company's largest asset, being the Ramu Nickel-Cobalt integrated operation in Papua New Guinea. Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China. Q2 2023 Ramu Highlights: Production of 7,784 tonnes of contained nickel and 717 [...]
Nickel 28 Capital Corp. has released its results for the quarter ended April 30, 2023. "In the first calendar quarter of 2023, Ramu had another outstanding quarter of production and sales," stated Anthony Milewski, the Company's Executive Chairman. "Additionally, we're starting to see a material reduction in Ramu's cash costs on reduced input and operating costs." Quarterly Highlights The Company's principal asset, an [...]
Nickel 28 Capital Corp. is pleased to announce the appointment of Mr. C. Ian Ross as a new independent director to the Board of Directors , effective immediately. Mr. Ross brings extensive board, senior management and transactional experience in a wide variety of public companies and highly complex special situations. In addition, the Company is providing an update regarding the determination of the Board on the [...]
Majority of Votes Withheld from All Incumbent Nickel 28 Directors Board Has Lost Mandate of Shareholders to Lead the Company Reconstitution of the Board with Truly Independent Directors Representative of Shareholders is the Only Honorable and Appropriate Course of Action Pelham Investment Partners LP , a New York-based investment fund and the single largest shareholder of Nickel 28 Capital Corp. comments on the recent [...]
Nickel 28 Capital Corp. announces the results of its annual general and special meeting of shareholders held on June 12, 2023 . At the Meeting, all incumbent directors were duly re-elected as directors of Nickel 28. All other items put forward for consideration at the Meeting were also approved, including confirmation of the shareholder rights plan. In light of the fact that each of the directors received less than [...]
Shareholders have spoken - a complete replacement of the Board of Directors of Nickel 28 is desperately needed and has been demanded by an overwhelming majority of non-management shareholders Shareholders who have not yet voted to WITHHOLD on management nominees on the YELLOW proxy should still do so, and send their proxy to Laurel Hill, as these votes could still be counted at the Meeting if the Chair waives the proxy [...]
Following ISS, second independent proxy advisory firm, Egan-Jones, has also recommended that shareholders vote using only the YELLOW Proxy. Egan-Jones recommends that shareholders vote WITHHOLD against management's entire director slate. In light of a recent Court ruling, it is imperative that shareholders vote WITHHOLD on ALL Nickel 28 Board nominees using the YELLOW Proxy: Anthony Milewski, Justin Cochrane, Maurice [...]
Nickel 28 Capital Corp. announces that the Supreme Court of British Columbia today granted a petition brought by Maurice Swan, an independent director of Nickel 28 and the chair of Nickel 28's annual general and special meeting of shareholders, scheduled for June 12, 2023 at 10:00 a.m. . As requested by Mr. Swan, the Court confirmed that the purported advance notice of Pelham Investment Partners LP , to nominate directors [...]
Fellow shareholder Samara Capital Inc. holding voting control over approximately 7.4% of the issued and outstanding shares of Nickel 28 as of the record date, votes YELLOW Proxy "FOR" all Pelham's director nominees ISS recognizes that "several credible governance and compensation issues have been raised" in recommending that shareholders vote for Board Change using only the YELLOW Proxy Questions or need voting [...]
Samara Capital Inc. , a registered portfolio manager that holds voting control over approximately 7.4% of the outstanding shares of Nickel 28 Capital Corp. as of the record date has, after careful consideration, elected to support the Pelham slate of directors. Samara Capital has been invested in Nickel 28 since its inception and is very enthusiastic about Nickel 28's main asset, an 8.56% interest in the Ramu Nickel [...]
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