ASX:NICMetals and Mining
How New HPAL Stake Sale and Western Offtake Will Impact Nickel Industries (ASX:NIC) Investors
In recent months, Nickel Industries obtained approval to increase its 2025 nickel ore sales quota, secured a five-year environmental permit, and agreed to sell a 10% stake in its Excelsior Nickel Cobalt HPAL project to South Korean-listed Sphere Corp at a US$2.40 billion valuation with an accompanying offtake agreement.
This collaboration opens a new channel into Western aerospace and electric vehicle supply chains, potentially reshaping Nickel Industries’ customer mix and revenue...