Nickel 28 Announces Ramu MINE Temporary Suspension of Operations IN Response to COVID-19
NEWS RELEASE TSX Venture: NKL
FSE: 3JC0
NICKEL 28 ANNOUNCES RAMU MINE TEMPORARY SUSPENSION OF
OPERATIONS IN RESPONSE TO COVID-19
TORONTO, ONTARIO, October 27, 2021 —Nickel 28 Capital Corp. (“Nickel 28” or the “ Company”)
(TSXV: NKL) (FSE: 3JC0) has been notified by Metallurgical Corporation of China (“MCC”), our
operating partner at the Ramu mine, that the mine site has paused production and operations for the next
two weeks to protect against the rising spread of the Covid-19 virus. MCC has taken this step to protect its
employee’s health and safety and to carry out additional Covid -19 screening, treatment and isolation, as
required. While there will be some impact, Nickel 28 is not expecting the two week shutdown to have a
material negative impact on production and sales for the year.
The Company has also learned that on October 25th, 2021, a Ramu mine site employee passed away as a
result of an accident at the mobile workshop . Our condolences go out to the family and relatives of the
deceased and to the employees at the Ramu mine site for their loss. MCC and the authorities are conducting
an investigation into the incident.
About Nickel 28
Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint -venture interest in the
producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu
provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our
shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition,
Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in
Canada, Australia and Papua New Guinea.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain information which constitutes ‘forward -looking statements’ and
‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements
that are contained in this news release that are not statements of historical fact may be deemed to be forward-
looking statements. Forward -looking statements are often identified by terms such as “may”, “should”,
“anticipate”, “expec t”, “potential”, “believe”, “intend” or the negative of these terms and similar
expressions. Forward-looking statements in this news release include, but are not limited to: statements and
figures with respect to the operational and financial results; statements with respect to Covid-19, including
its anticipated impact on production and sales; and statements with respect to the business and assets of the
Company and its strategy going forward . Readers are cautioned not to place undue reliance on forward -
looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most
of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying
these forward -looking statements materialize, or sho uld assumptions underlying the forward -looking
statements prove incorrect, actual results, performance or achievements could vary materially from those
expressed or implied by the forward-looking statements.
The forward-looking statements contained herein are made as of the date of this release and, other than as
required by applicable securities laws, the Company does not assume any obligation to update or revise
them to reflect new events or circumstances. The forward-looking statements contained in this release are
expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. No securities regulatory authority has either approved or disapproved of the contents of this
news release.
Investor Contact:
Nickel 28 Investor Relations
Tel: 647.846.7765
Email: [email protected]