CConic Metals is a base metal company offering direct exposure to nickel and cobalt, both being critical elements of electric vehicles and energy storage systems. Conic holds an 8.56-per-cent joint venture interest in the producing, long-life and world-class Ramu nickel-cobalt operation located in Papua New Guinea, which provides Conic with significant attributable nickel and cobalt production. Following repayment of the company’s operating and construction debt owed to MCC, Conic’s ownership interest in Ramu will automatically increase to 11.3 per cent at no cost to Conic. Additionally, when the company has repaid the operating and construction debt, the company will have the option to purchase an additional 9.25-per-cent interest in Ramu at market value, which, if exercised, would take the company’s interest to 20.55 per cent. In addition, Conic manages a portfolio of 11 nickel and cobalt royalties on advanced/development and exploration projects in Canada and Australia. Conic will continue to invest in a battery-metal-focused portfolio of streams, royalties and direct interests in mineral properties containing battery metals.
Website: www.conicmetals.com Primary ticker: TSXV:NKL Stage of development: Exploration, Production, Development Primary minerals: Nickel, Cobalt Project to promote: Ramu Nickel Cobalt Mine JV, Dumont NSR, Turnagain NSR Project location: Papua New Guinea, Canada, Australia