Highlights at the end of the year 2025
– Successfully entered production and monetization of nickel operations in Central Sulawesi, Indonesia by 2025
-Establishing a nickel trading subsidiary approved by the Indonesian government, facilitating trade in third-party nickel materials and nickel intermediates
-Extensive commercial opportunities across the nickel value chain, including exposure to intermediates such as Mixed Hydroxide Precipitate (MHP), Nickel Pig Iron (NPI), Nickel Matte and Ferronickel
– Entered into a non-binding memorandum of understanding regarding the potential supply of limonite material to an Indonesian MHP processing facility, subject to customary conditions
-Continue to advance business development initiatives in preparation for a planned listing on the TSX Venture Exchange, subject to regulatory approvals and market conditions
– Position the company to pursue operational expansion and increase production and trading activities in 2026
Operational milestones and production progress
The year 2025 marked a major operational turning point for Nusa Nickel. The company successfully entered production and became revenue-generating, validating its operating strategy and positioning Nusa Nickel as the only revenue-producing nickel junior company in North America operating in Indonesia. This milestone reflects management’s execution of extensive groundwork in the areas of project development, permitting and operational readiness.
Trading platform and value chain expansion
In addition to achieving production status, Nusa Nickel has established a dedicated trading subsidiary that was recently approved by the Government of Indonesia through its Sales and Transport License (IPP Nickel Trading License). This subsidiary opens multiple new revenue streams for the company and supports its long-term strategy of vertical integration by increasing flexibility, market access and capabilities in the nickel supply chain while complementing primary manufacturing operations.
Mixed hydroxide precipitation (MHP) strategy and intermediates
In 2025, Nusa Nickel has also continued its strategy to participate in high-quality nickel intermediates. The company has entered into a non-binding memorandum of understanding regarding the potential supply of limonite material to an Indonesian mixed hydroxide precipitate (MHP) processing facility, subject to customary conditions and further definitive agreements.
MHP is an established intermediate within global nickel supply chains and can be further refined into higher purity nickel products used in battery, industrial and advanced manufacturing applications. While there can be no assurance that this MHP project will be completed on commercial terms, management views the development of mine-to-intermediate optionality as a strategic component of the company’s longer-term growth strategy.
Business development and public market readiness
Throughout 2025, the Company continued to advance its business development initiatives, including entering into a definitive agreement with Genesis Acquisition Corp., a TSX Venture Exchange Capital Pool Company, in connection with a proposed qualifying transaction which, if completed, would result in Nusa Nickel becoming the resulting issuer on the TSX Venture Exchange, subject to exchange acceptance and other customary closing conditions.
This move provides additional structure and visibility to the company’s public market journey and supports the alignment of technical, audit and financing activities as Nusa Nickel prepares for potential public market participation.
Outlook and growth strategy for 2026
Looking ahead to 2026, Nusa Nickel is focusing on expansion and scale. The company is actively evaluating additional nickel project opportunities that could further grow its asset base and production profile. Management is also working toward a planned listing on the TSX Venture Exchange, subject to regulatory approval and market conditions, with the goal of providing greater liquidity, visibility and access to a broader investor base.
Operationally, Nusa Nickel plans to scale up both its manufacturing and trading operations by 2026. This includes increasing production from existing operations, expanding trading volumes of third-party material and further integrating production with downstream market access.
Management commentary
Brandon Colwell, Chief Executive Officer of Nusa Nickel, said:
“2025 has been a defining year for Nusa Nickel. We have transitioned into manufacturing, started generating revenues and received government approval for our trading subsidiary, all of which significantly strengthen our business. We believe that our position as the only revenue-producing nickel junior company in North America operating in Indonesia is highly differentiated. As we move into 2026, our focus is on growth, scale and disciplined execution as we evaluate new projects, make progress in the toward a TSX Venture Exchange listing and expand both our manufacturing and trading platforms to build long-term shareholder value.”
About Nusa Nickel Corp.
Nusa Nickel Corp. is North America’s only revenue-generating nickel producer and licensed trader operating in Indonesia’s world-leading nickel district.
The company focuses on the responsible sourcing, production and sale of lateritic nickel material, with a commitment to environmental stewardship and supporting local communities. In addition to its manufacturing operations, Nusa Nickel is a licensed nickel trader, allowing it to source and supply nickel ore from third-party producers and expand its market footprint across Indonesia.
For more information please visit www.nusanickel.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable Canadian securities legislation. Forward-looking statements include statements regarding the Company’s plans for operational expansion, production and trading growth, evaluation of additional nickel projects, development of intermediate product pathways including MHP, and a potential listing on the TSX Venture Exchange.
Forward-looking statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including regulatory approvals, market conditions, commodity price volatility, operational risks associated with operating in Indonesia, availability of financing and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable securities laws.
Source
#Nusa #Nickel #Corp #yearend #business #update #outlook