Nickel 28 Capital Corp. provided an update across four projects underlying its royalty portfolio, highlighting regulatory extensions in Quebec and engineering updates in British Columbia and New South Wales.

The company holds royalty interests in two Canadian nickel-cobalt projects: a 1.75% NSR royalty on the Dumont project in Quebec and a 2.0% NSR royalty on the Turnagain project in British Columbia. Nickel 28 also holds gross revenue royalties on two scandium projects in New South Wales, Australia, consisting of a 1.5% GRR on the Flemington project and a 1.7% GRR on the Nyngan project.

At Dumont, the Government of Quebec selected the asset for its "Filon" support service and extended the project authorization decree through 2031, preserving key regulatory approvals as the project advances toward a potential final investment decision. Production at Dumont is targeted to commence in 2030, subject to that decision.

At Turnagain, Giga Metals Corporation commenced a property-scale geophysical program in June 2026 to provide results during the balance of the year to inform exploration of the Attic Zone.

In New South Wales, Australian Mines Limited advanced Flemington into the pre-feasibility study stage, which is expected to be completed in approximately six to nine months following its July 2026 announcement. Concurrently, Scandium International Mining Corporation appointed Lycopodium Limited to update the definitive feasibility study for the Nyngan project.

Chief Executive Officer Craig Lennon commented on the developments: “We are encouraged by the progress being made across our royalty portfolio. Dumont continues to advance toward a potential final investment decision with renewed regulatory certainty and direct support from the Government of Quebec, while Turnagain continues to demonstrate the scale and exploration potential of a large, undeveloped nickel-cobalt sulphide deposit. At the same time, the advancement of Flemington and the update to the definitive feasibility study now underway at Nyngan are strengthening our exposure to scandium, a critical mineral with growing strategic importance in lightweight aluminium alloys, aerospace, defence and other advanced applications.”

Lennon added: “Nickel, cobalt and scandium are all increasingly important to critical-mineral supply chains. Our royalty interests provide shareholders with long-term exposure to these commodities and to projects in Canada and Australia, without the associated project development capital requirements. We believe the continued advancement of these assets has the potential to create value for Nickel 28 shareholders over time.”

The portfolio developments provide the company with ongoing exposure to critical minerals without direct project-level capital expenditures.

Read the full announcement: Nickel 28 Royalty Portfolio Update