Nickel 28 Releases Update ON GIGA Royalty: Secures Mitsubishi as Development Partner
NEWS RELEASE TSX Venture: NKL
FSE: 3JC0
NICKEL 28 RELEASES UPDATE ON GIGA ROYALTY: SECURES
MITSUBISHI AS DEVELOPMENT PARTNER
TORONTO, ONTARIO, August 15, 2022—Nickel 28 Capital Corp. (“Nickel 28” or the “Company”)
(TSXV: NKL) (FSE: 3JC0) is pleased to provide an update on its 2.0% Net Smelter Return (“NSR”)
royalty from Giga Metal’s (“Giga”) Turnagain Nickel/Cobalt deposit. Earlier today, Giga announced the
formation of a joint venture with Mitsubishi Corporation to pursue the development of the Turnagain Nickel
Deposit in northern British Columbia, Canada. This joint venture reinforces the Company’s belief that the
Turnagain deposit is world class and will meet the highest environmental standards. Turnagain is
extraordinarily well positioned to support the anticipated electric vehicle demand growth in North America
for battery metals such as nickel and cobalt. Given the global stature of Mitsubishi Corporation and their
strategy to invest in top tier mining projects, the Company believes that the Turnagain project has cleared
an important hurdle towards achieving development.
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”, “expect”, “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
with respect to the prospects of nickel and cobalt in the global electrification of vehicles; 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 should 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: 289.314.4766
Email: [email protected]