Brief: Nickel Industries Says Sphere Corp. To Buy 10% Stake In ENC HPAL Project At $2.4 Bln Valuation

Nickel Industries

01/01/2026 21:42

Jan 2 (Reuters) - Nickel Industries Ltd NIC.AX:

SPHERE CORP. TO ACQUIRE A 10% INTEREST IN ENC HPAL PROJECT AT A US$2.4 BILLION VALUATION

SPHERE WILL OFFTAKE ITS 10% SHARE OF NICKEL AS CATHODE, ENTERED INTO OFFTAKE AGREEMENT, AT MARKET PRICE

NIC'S SHAREHOLDING IN ENC UNCHANGED POST TRANSACTION

Further company coverage: NIC.AX

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