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Sphere Corp. Stakes 10% in Nickel Industries’ ENC Project, Unlocking Aerospace Nickel Supply

8:42am on Friday 2nd of January, 2026 AEDT Mining
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Sphere Corp. Stakes 10% in Nickel Industries’ ENC Project, Unlocking Aerospace Nickel Supply

8:42am on Friday 2nd of January, 2026 AEDT
Key Points
  • Sphere Corp. acquires 10% stake in ENC HPAL project at US$2.4 billion valuation
  • Offtake agreement for nickel cathode established with aerospace-focused Sphere
  • Partnership opens new supply channels into North American aerospace sector
  • Nickel Industries retains 44% ownership; Decent Resource reduces stake
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