Latest Nickel Industries (ASX:NIC) News

Artificial intelligence stocks led the week, while miners and established companies delivered a broad run of stronger profits and dividends.
Large price gaps also showed that good company news did not always produce lasting buying.

Small-cap resources led the week, with Discovery Alaska rising 90% as it bought a Western Australian gold project. Gold, copper and critical minerals companies also drew strong buying. Large energy names posted solid results, but several shares fell as investors weighed capital needs, project delays and weaker forward guidance.

Nickel Industries surged to a US$74 million profit in H1 2026, driven by higher nickel prices, expanded mining quotas, and strategic HPAL investments including first nickel cathode production at ENC.

Nickel Industries delivered a record US$45.7 million Adjusted EBITDA from its Hengjaya Mine, launched first mixed hydroxide precipitate production at its ENC HPAL project, and secured major HPAL asset acquisitions, positioning itself for growth across the nickel value chain.

Big moves came from small and mid-cap names tied to drilling, project studies and fresh funding. Healthcare, mining and takeover stocks all had a busy week, but not every strong announcement held its gains.

A handful of small-cap names posted big weekly swings, but the bigger story was a flood of new studies, resource upgrades and funding deals across gold, rare earths and battery materials. Investors chased scale and near-term production, while several raisings and gap-down reopenings showed how quickly early enthusiasm can fade.

Nickel Industries is investing US$169 million for a 17.5% stake in the PT Teluk Metal Industry HPAL project, aiming for production by September 2027 and leveraging its exclusive ore supply from Sampala.

Small caps drove the week, with battery, resources and education names posting the biggest gains. Deal news, funding rounds and fresh drilling plans kept traders busy, while a few discounted raisings hit hard.

Small-cap materials stocks swung hard as buyers chased project funding, processing breakthroughs and new drill results. The biggest moves came from energy infrastructure, greenfields deals and uranium, while gold and copper stories kept the sector busy.

Nickel Industries reported a robust US$80 million Adjusted EBITDA for April-May 2026, driven by a strong May rebound and significant working capital releases. The company also progressed commissioning of its Excelsior Nickel Cobalt HPAL project, targeting nickel cathode production by mid-August.

Speculative small caps drove the week, with Tasman Resources, Solis Minerals and Lithium Energy leading the board after funding, drilling and asset sale updates. At the other end, ASX Ltd and Arafura Rare Earths fell hard as investors reacted to higher costs and fresh equity issuance.

Small-cap materials stocks swung hard as fresh funding, mine build decisions and standout drill hits drove the week’s biggest moves. Gold, lithium, rare earths and tungsten names all drew buying, while a few raisings and weak follow-through after trading halts kept losses sharp.