Nickel 28 Capital Corp (TSE:NKL) has released an update.
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Nickel 28 Capital Corp. reported the filing of its 2023 annual and 2024 first quarter financial statements, highlighting a robust year with significant production and sales of nickel and cobalt from its Ramu joint venture. The company successfully repaid US$14.4 million of its construction debt and received a cash distribution of US$3.0 million, despite a net comprehensive loss over the year. Further, the first quarter of 2024 showed continued strong performance with improved production costs and stable operating margins.
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