Nickel 28 Capital Corp. announced resumption of full production levels at the Ramu Mine's Basumuk HPAL plant following the earthquake on October 7, 2023. The earthquake, which had a magnitude of 6.7, triggered immediate safety protocols and a comprehensive evaluation of the site's infrastructure.

While the event disrupted operations temporarily, MCC's commitment to safety, environmental responsibility and operational excellence guided the recovery process. The Company reported that there were no injuries or significant environmental impacts associated with the earthquake or MCC's subsequent response efforts. At this time, the Company is not anticipating any material impact on production and is still guiding for annual production levels at Ramu of approximately 33,000 Mt of contained nickel and 2,900 Mt of contained cobalt in calendar 2023.