Nickel 28 Capital Management

Management criteria checks 2/4

Nickel 28 Capital's CEO is Tony Milewski, appointed in Aug 2023, has a tenure of less than a year. directly owns 11.42% of the company’s shares, worth CA$6.37M. The average tenure of the management team and the board of directors is 4.5 years and 0.8 years respectively.

Key information

Tony Milewski

Chief executive officer

US$1.0m

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	11.4%
Management average tenure	4.5yrs
Board average tenure	less than a year

Recent management updates

Recent updates

CEO

Tony Milewski (42 yo)

less than a year

Tenure

US$1,022,187

Compensation

Mr. Anthony D. Milewski, Jr., also known as Tony, CPA, CA, M.A., J.D., LL.M. served as Independent Director at GIGA Metals Corporation since April 29, 2019 until April 2024 and served as Non-Executive Chai...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Anthony Milewski	CEO & Director	less than a year	US$1.02m	11.42% $ 6.4m
Justin Cochrane	President	less than a year	US$500.57k	5.74% $ 3.2m
Conor Kearns	CFO & Corporate Secretary	4.5yrs	US$227.06k	1.09% $ 605.6k
Craig Lennon	Head of Asia Pacific	4.5yrs	no data	1.27% $ 706.9k
Martin Vydra	Executive VP & Head of Strategy	4.5yrs	no data	3.41% $ 1.9m

4.5yrs

Average Tenure

42yo

Average Age

Experienced Management: NKL's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anthony Milewski	CEO & Director	4.5yrs	US$1.02m	11.42% $ 6.4m
Charles Ross	Independent Non-Executive Chair of the Board	less than a year	no data	no data
Christopher Wallace	Director	less than a year	no data	0.022% $ 12.0k
Brett Richards	Director	less than a year	no data	no data
Maurice Swan	Independent Director	4.3yrs	US$45.10k	0.45% $ 249.7k
Edward Collery	Director	less than a year	no data	no data

0.8yrs

Average Tenure

58yo

Average Age

Experienced Board: NKL's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.

Nickel 28 Capital Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Less than half of directors are independent

Nickel 28 Capital Corp. Announces Reconstitution of Board of Directors

Nickel 28 Capital Corp. Appoints C. Ian Ross as Independent Director, Member of the Nominating and Corporate Governance Committee and Compensation Committee

Non-Executive Chairman recently bought CA$574k worth of stock

Non-Executive Chairman recently bought CA$53k worth of stock

Recent updates

Less than half of directors are independent

Nickel 28 Capital Corp. Provides Production Guidance for the Year 2024

Nickel 28 Capital Corp. Announces Resumes Full Production Levels At the Ramu Mine's Basumuk HPAL Plant

Nickel 28 Capital Corp. Announces Ramu Pauses Operations Following Earthquake in Madang Province

Nickel 28 Capital Corp. Announces Ramu Pauses Operations Following Earthquake in Madang Province

New minor risk - Shareholder dilution

Price target decreased by 17% to CA$1.50

Less than half of directors are independent

Nickel 28 Capital Corp. Announces Reconstitution of Board of Directors

New major risk - Revenue and earnings growth

Nickel 28 Capital Corp. Appoints C. Ian Ross as Independent Director, Member of the Nominating and Corporate Governance Committee and Compensation Committee

Pelham Investment Partners, LP managed by PART V Capital Management, LLC acquired an additional 2.2% stake in Nickel 28 Capital Corp. (TSXV:NKL) for CAD 3.4 million.

Price target increased by 13% to CA$1.80

Investor sentiment improves as stock rises 16%

Non-Executive Chairman recently bought CA$574k worth of stock

Investor sentiment improves as stock rises 25%

Non-Executive Chairman recently bought CA$53k worth of stock

Non-Executive Chairman recently bought CA$147k worth of stock

Nickel 28 Appoints Lance C. Frericks to the Board of Directors

Insufficient new directors

Price target increased to CA$1.65

Investor sentiment improved over the past week

Nickel 28 Capital Corp. Provides an Update on its 2.0% Net Smelter Return Royalty from Giga Metal’s Turnagain Nickel/Cobalt Deposit

Investor sentiment improved over the past week

Nickel 28 Capital Corp., Annual General Meeting, Aug 15, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Price target increased to CA$1.65

CFO & Corporate Secretary recently bought CA$264k worth of stock

Investor sentiment improved over the past week

Investor sentiment improved over the past week

President exercised options to buy CA$698k worth of stock.

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Price target raised to CA$1.30

New 90-day high: CA$0.83

Conic Metals Corp. Completes Independent Analysis on Greenhouse Gas Intensity for the Ramu Nickel-Cobalt Operation

New 90-day high: CA$0.53

Conic Metals Corp. Provides Production Update

New 90-day high: CA$0.49

Executive VP & Head of Strategy recently bought CA$155k worth of stock

New 90-day high: CA$0.34

Executive VP & Head of Strategy exercised options to buy CA$121k worth of stock.

New 90-day low: CA$0.23

An unknown buyer acquired 7.2% stake in Giga Metals Corporation (TSXV:GIGA) from Conic Metals Corp. (TSXV:NKL) for CAD 6.9 million.

New 90-day high - CA$0.32

New 90-day high - CA$0.24

An unknown buyer agreed to acquire Highland Pacific Resources Limited from Conic Metals Corp. (TSXV:NKL) for $5 million.

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age