Australia's Nickel Industries jumps on $245 million finance facility

Nickel Industries

21/10/2026 03:39

** Shares of Nickel Industries NIC.AX rise as much as 3% to A$0.695, their largest intraday pct gain since September 23
** Nickel producer says PT Fajar Metal Industry has signed a $245 million non-recourse project finance facility
** PT Fajar owns the Excelsior nickel cobalt (ENC) High-Pressure Acid Leaching project, in which the co has a 46% stake
** Company adds the facility will not be consolidated into its group debt and does not impact its existing group financial covenants
** More than 7.6 million shares change hands vs 30-day avg volume of around 7.4 million shares
** Stock down 19.2% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))