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Pre-IPO. Revenue-generating. North America's only pure-play access to the world's #1 nickel-producing region.

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The Opportunity

The Case for Nusa Nickel

Nusa Nickel Corp offers North American investors direct exposure to Indonesia's dominant nickel district at the pre-IPO stage, with a company that is already generating revenue.

Indonesia produces 60-65% of global nickel supply. The Nickel Island Project IUP permit covers 2,641 hectares in Central Sulawesi, surrounded by 65+ active smelters within 170km. The IPP Nickel Traders License held by PT Nusa Niaga Corp creates a second, scalable revenue stream independent of mine output.

The company generated approximately $342,000 CAD in initial operating revenues within 15 months of commencing operations, demonstrating that the model works before any capital raise.

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Key Investment Metrics
Stage Pre-IPO / Revenue-Generating
Initial Operating Revenue ~$342,000 CAD (15 months)
IUP Permit Area 2,641 hectares
Permit Expiry July 11, 2031
Trading License IPP Nickel Traders License
Active Smelters Within 170km 65+
Nickel Price (Apr 2026) ~US$19,300/tonne (+23% YoY)
Going Public Via Genesis Acquisition Corp (Nov 2025)
Headquarters Toronto, Canada
The Investment Case

Three Reasons to Pay Attention

Going Public

Genesis Acquisition Corp

On November 21, 2025, Genesis Acquisition Corp entered a Business Combination Agreement with Nusa Nickel Corp. This reverse merger is Nusa Nickel's path to public markets, providing North American investors with exchange-listed access to the company's operations.

The transaction brings Nusa Nickel's dual production-trading platform to the public markets at a stage where the business is already generating revenue, a rare combination for a critical minerals pre-IPO.

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Transaction Details
Announcement Date November 21, 2025
Transaction Type Business Combination / Reverse Merger
Acquirer Genesis Acquisition Corp
Target Nusa Nickel Corp
Purpose Exchange listing for North American investors
Contact for Details bcolwell@nusanickel.com
Major Corporate Investments in Indonesia's Nickel Sector
Tesla $5B
Ford $4.5B
Volkswagen $5B
Toyota $1.8B
LG 10 GW
Vale $2B
01
The Macro Case

Why Indonesia

Next: Why Nickel
65%
Global Nickel Production
#1
Global Nickel Reserves
200+
Active Smelters
21M+
Tonnes Known Reserves
Four Structural Advantages

Indonesia's Nickel Dominance Is Not Cyclical

Four reinforcing structural advantages make Indonesia's position in global nickel markets a multi-decade reality, not a temporary cycle.

01 Reserves

The World's Largest Nickel Reserves

Indonesia holds the world's largest known nickel reserves at over 21 million tonnes, more than double the next largest holder. This is not a marginal lead. It is a structural moat that no other country can close in a generation.

The reserves are concentrated in Sulawesi, Maluku, and Papua, with the laterite ore bodies close to the surface and highly amenable to hydrometallurgical processing. Indonesia's geology is not just abundant, it is commercially exceptional.

Global Nickel Reserve Rankings
Indonesia21+ M tonnes
Philippines4.8 M tonnes
Russia7.6 M tonnes
Australia5.0 M tonnes
Canada2.7 M tonnes
#1
Global Nickel Reserves
21+ million tonnes
More than 2x the next largest holder
200+
Active Smelters
Chinese-financed RKEF and HPAL
Dominant global processing capacity
02 Infrastructure

World-Class Processing Infrastructure

Indonesia has invested tens of billions of dollars in smelting infrastructure over the last decade, primarily Chinese-financed Rotary Kiln Electric Furnace (RKEF) and High Pressure Acid Leach (HPAL) facilities.

This smelting buildout was catalyzed by Indonesia's 2020 ore export ban, which forced value-added processing to happen in-country. The result is a fully integrated nickel supply chain from mine to battery-grade product, all within Indonesia.

The Morowali Industrial Park alone covers 4,000+ hectares and hosts over 50 smelters. The infrastructure moat is enormous. Building comparable capacity elsewhere would take 15-20 years and hundreds of billions of capital.

03 Policy

Government Policy That Reinforces Dominance

Indonesia's government has deliberately and strategically used its resource position to force value-add processing within the country. The 2020 nickel ore export ban was the pivotal move, effectively eliminating raw ore exports and making Indonesia's processing infrastructure the only route to market.

Annual quotas now tighten feedstock supply intentionally. In 2026, the 260-270 million tonne quota falls well below the 340-350 million tonne smelter demand, pushing prices upward and prioritizing licensed Indonesian operators like PT Nusa Niaga Corp.

The 2026 US-Indonesia trade deal, finalizing reciprocal tariff eliminations, further embeds Indonesia as the preferred critical mineral supply chain partner for North American end markets.

Nickel Island Project, Central Sulawesi
2020
Ore Export Ban
Critical Mineral Alliance
US-Indonesia Trade Agreement 2026
99% tariff elimination on US exports. Critical mineral provisions secured.
04 Geopolitics

Geopolitical Alignment with Western Supply Chains

As Western nations race to secure non-Chinese critical mineral supply chains, Indonesia's strategic position has become a key diplomatic and commercial priority. The 2026 US-Indonesia trade deal is a direct expression of this alignment.

For North American automakers and battery manufacturers facing pressure to reduce Chinese supply chain exposure, Indonesia represents the only viable alternative at scale for nickel feedstock. There is no other geography that combines reserves, processing infrastructure, and government policy alignment at this volume.

North American capital has been slow to access this opportunity. Nusa Nickel is uniquely positioned as the gateway: a Canadian-headquartered operator with boots-on-the-ground presence in Central Sulawesi and an existing trading license.

02
The Commodity Case

Why Nickel

Next: Why Invest
$19300
Price Per Tonne (Apr 2026)
+23%
Year-Over-Year Increase
5.2M
Tonne Demand by 2035
3x
Demand Growth Projected
End Markets

Where Nickel Goes

Nickel is essential across multiple industries, and two of its largest end markets, stainless steel and EV batteries, are both growing simultaneously.

EV Batteries

NMC and NCA battery chemistries require nickel for high energy density. More range per charge means more nickel per vehicle. Battery-grade demand from EVs is the fastest-growing segment.

Stainless Steel

Still the largest single use of nickel at approximately 70% of all consumption. Growing global infrastructure, construction, and industrial production underpin continued baseline demand.

Energy Storage

Grid-scale energy storage systems for renewable integration require nickel-containing battery chemistries. As solar and wind penetration rises, storage demand grows in lockstep.

Aerospace and Defence

Nickel superalloys are essential for jet turbine blades and other high-temperature applications. Aviation recovery and defence spending provide resilient demand that doesn't track the EV cycle.

Demand Trajectory

Demand Is Set to Triple by 2035

Global nickel demand currently stands at approximately 3.2 million tonnes per year. By 2035, the International Energy Agency projects demand to reach 5.2 million tonnes, driven primarily by EV battery manufacturing.

The supply side cannot keep pace. New mine development takes 10-15 years from discovery to production. The capital investment pipeline is insufficient for the projected demand curve. This is a structural supply deficit, not a temporary imbalance.

Indonesia's smelting capacity positions it to capture the lion's share of this growth. Licensed traders like PT Nusa Niaga Corp, operating within Indonesia's quota system with direct smelter relationships, are best positioned to benefit as demand tightens supply.

Nickel Price Recovery (USD/tonne)
$19K $18K $17K $16K $15,700 $16,900 $17,350 $19,300 +23% YoY Q1 2025 Q3 2025 Q1 2026 Apr 2026
2025-2030 consensus: $20,000-$28,000/tonne
Corporate EV Battery Investment
Tesla$5B committed
Ford$4.5B committed
Volkswagen Group$5B committed
Toyota$1.8B committed
LG Energy Solution10GW capacity target
Vale$2B nickel expansion
Supply vs. Demand Gap 2026
Smelter Demand 345M t
Available Quota 265M t
Annual Deficit
~80M tonnes ore
Battery Growth
+18-22% p.a.
Mine supply growth: +2-3% p.a. — demand growth: +18-22% p.a.
Timing

Why Now Is the Right Time

Price Recovery
Price at Inflection Point

Nickel has recovered sharply after a 2024-2025 trough. Entering the cycle recovery with operational assets positions investors ahead of the next price surge.

EV Adoption
EV S-Curve Accelerating

Global EV penetration is moving from early adopter to mainstream. Each percentage point of market share gain represents millions of additional vehicles requiring battery nickel.

Pre-IPO
Pre-IPO Entry Point

Nusa Nickel is approaching public markets via a SPAC transaction with Genesis Acquisition Corp. Pre-IPO positioning in a revenue-generating operator is rare in the critical minerals sector.

03
The Company Case

Why Invest in Nusa Nickel

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$342K
Revenue in First 15 Months
2641ha
IUP Permit Area
65+
Nearby Smelters
9
Investment Differentiators
The Investment Case

Nine Reasons to Invest in Nusa Nickel

Most critical mineral companies are pre-revenue exploration plays. Nusa Nickel operates differently. We are a producing and trading operator with demonstrated commercial relationships, an Indonesian trading license that took years to obtain, and a path to public markets through the Genesis Acquisition Corp transaction.

01
North America's Only Revenue-Generating Indonesian Nickel Operator
No other North American-listed or pre-IPO company combines physical nickel operations, an IPP trading license, and demonstrated revenue from Indonesia's nickel district. This is a category of one.
02
Dual Business Model: Mining Plus Licensed Trading
Most mining companies are dependent on a single asset. Nusa Nickel operates both a 2,641 ha IUP mining permit and PT Nusa Niaga Corp, an IPP Nickel Traders License holder that can trade ore and processed nickel products independent of mining production. Trading provides near-term cash flow while mining represents long-term asset value.
03
Licensed Indonesian Nickel Trader (IPP)
Indonesia's IPP Nickel Traders License is deliberately difficult to obtain. It requires Indonesian corporate structure, regulatory approval, and local relationships. PT Nusa Niaga Corp holds an active IPP license, enabling Nusa Nickel to trade ore, NPI, ferronickel, MHP, and nickel matte directly within Indonesia's quota system.
04
Proven Revenue: $342,000 CAD in First 15 Months
This is not a mining exploration concept. Nusa Nickel generated approximately $342,000 CAD in its first 15 months of operation through nickel trading activities. Revenue from operations validates the business model and the team's commercial execution capability before any mining production has commenced.
05
Strategic Location: 65+ Smelters Within 170 km
The Nickel Island Project is located in Central Sulawesi, approximately 10 km from a dedicated export jetty and within 170 km of 65 or more active smelters. Logistics costs are minimal, and the buyer pool for ore and processed material is exceptionally deep. No other geography offers this combination.
06
Experienced Operator and Capital Markets Team
CEO Brandon Colwell brings North American capital markets expertise. COO Robert Tjandra brings an Indonesian geology and international energy background (BP). Together they bridge two worlds that are typically disconnected: Indonesian operations and North American investor relations. The Indonesian operations team has decades of in-country experience.
07
Public Markets Path via Genesis Acquisition Corp
Nusa Nickel announced a business combination with Genesis Acquisition Corp on November 21, 2025. The transaction is designed to provide North American investors with exchange-listed exposure to Indonesian nickel operations without the complexity of direct foreign investment. This is a rare pre-IPO entry point with a defined liquidity path.
08
Nickel Price at Structural Inflection Point
Nickel reached US$19,300/tonne in April 2026, up 11% in one month and 23% year-over-year. The 2024-2025 price trough is widely believed to be the bottom of the cycle. Entering with operational assets at this stage of the cycle, ahead of a projected 3x demand increase by 2035, is exceptional timing.
09
Long-Life IUP Permit With Significant Upside
The Nickel Island IUP production permit covers 2,641 hectares and extends through July 2031. The permit is valid for commercial production activities, and the geology is consistent with Central Sulawesi's documented laterite ore bodies. The 10 km jetty proximity and existing smelter relationships mean first ore shipments can move quickly once mining ramps.
Company Snapshot
HQToronto, Canada
OperationsCentral Sulawesi, Indonesia
Mining Permit2,641 ha IUP
Permit ExpiryJuly 2031
Trading LicenseIPP Nickel Traders
Revenue (15 mo.)~$342,000 CAD
Public Markets PathGenesis Acquisition Corp
AnnouncementNov 21, 2025
Market Context
Nickel Price (Apr 2026)$19,300/tonne
YoY Change+23%
Indonesia's Global Share60-65%
Smelters Within 170 km65+
Demand Growth (to 2035)~3x current level
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We didn't set out to build a story. We set out to build a business. The revenue track record, the trading license, the smelter relationships, the permit, the team on the ground. That is the differentiated opportunity we are bringing to North American capital markets.
Brandon Colwell, CEO
Brandon Colwell
CEO, Nusa Nickel Corp
Next Steps

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Contact Investor Relations 9 Investment Differentiators