Nusa Nickel Corp announced major achievements during 2025 and outlined its strategic direction moving forward. The company successfully transitioned into production and began generating revenue from nickel operations in Central Sulawesi, Indonesia.
The company achieved production status and established a licensed nickel trading subsidiary approved by Indonesia's government. This trading platform expanded commercial opportunities across the nickel value chain, including Mixed Hydroxide Precipitate (MHP), Nickel Pig Iron (NPI), Nickel Matte, and Ferronickel products. The firm also entered a non-binding agreement regarding potential limonite supply to an Indonesian MHP facility and advanced corporate development initiatives toward a planned TSX Venture Exchange listing.
Management emphasized that Nusa Nickel became the only revenue-producing nickel junior company in North America operating in Indonesia. The trading subsidiary, holding an Indonesian Sales and Transport License, enables the company to source and supply third-party nickel materials while supporting its broader vertical integration strategy.
The company is pursuing higher-value intermediate products through its MHP pathway strategy, though management noted no assurances exist regarding commercial completion of any related agreement.
Nusa Nickel executed a definitive agreement with Genesis Acquisition Corp, a TSX Venture Exchange Capital Pool Company, regarding a proposed Qualifying Transaction for a potential public listing.
"2025 was a defining year. We believe our position as the only revenue-producing nickel junior company in North America operating in Indonesia is highly differentiated."
Brandon Colwell, Chief Executive Officer
Looking ahead, the company plans to scale both production and trading activities, evaluate additional nickel projects, and pursue the TSX Venture Exchange listing to enhance liquidity and investor access.
This release contains forward-looking statements based on current management expectations, including statements regarding the proposed business combination with Genesis Acquisition Corp, future production and trading activity, and the planned TSX Venture Exchange listing. Forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. No assurance can be given that any proposed transaction will be completed as currently contemplated, or at all.
Nusa Nickel Corp announces its path to public markets via a business combination with Genesis Acquisition Corp.
Robert Tjandra, President and COO, will speak at the Indonesia-Alberta Energy Forum in Calgary.
A deep dive into why Indonesia's nickel dominance is structural, not cyclical.
No spam. Material news only. Be the first to hear about corporate announcements and nickel market developments.
By subscribing you agree to receive company updates. Unsubscribe anytime.
