Nordic Nickel

Board and Executive Management Restructure

Changes to Nordic’s leadership team to reduce costs while prioritising ongoing exploration and development at the flagship Pulju Nickel Project in Finland

Nordic Nickel Ltd (ASX: NNL) ("Nordic Nickel" or "the Company") advises that, in response to ongoing weak market conditions and depressed nickel prices, it has implemented a number of changes to its Board and Executive Management structure.


The changes will reduce corporate overheads while maintaining continuity within the existing team and preserving the Company’s valuable experience and expertise to prioritise exploration and the ongoing strategic partnerships process at both the Pulju Nickel Project and the Maaninkijoki 3 Copper-Nickel-PGM Project.

Effective from 30 September 2024, the following changes will take effect:

1. Todd Ross, the current Managing Director, will transition to the role of Non- Executive Chairman. Todd's extensive experience and leadership have been instrumental in advancing the Pulju Project and driving the Company’s strategic direction. As Chairman, Todd will continue to provide strategic oversight, guidance and maintenance of key stakeholder relationships, ensuring the Company's ongoing focus on value-creation for shareholders.

2. Marcello Cardaci will step down as Chairman but will remain on the Board in a Non-Executive Director capacity. Marcello's contribution as Chairman has been significant, and the Board is pleased that he will continue to lend his expertise and knowledge to the Company in a non-executive role.

3. Robert Wrixon will continue in his role as Executive Director. Rob's operational expertise and deep industry knowledge remain crucial as Nordic Nickel continues to progress its exploration and development activities at the Pulju Project.

4. Juho Haverinen will remain in his role as Non-Executive Director. Juho's local knowledge and experience are vital to the Company’s success in navigating the regulatory and community engagement landscape in Finland.

Management Comment

Nordic’s Executive Director Robert Wrixon commented: "This restructure is a proactive step to adapt to the current market environment while ensuring we maintain the continuity and expertise that have been the driving forces behind Nordic Nickel's progress to date. By reducing costs and realigning our leadership structure, we are positioning the Company to continue advancing our key projects and stakeholder relationships without compromising on our strategic goals. I am confident that with Marcello's continued involvement and the ongoing contributions of Todd and Juho, Nordic Nickel remains positioned to deliver long-term value to shareholders."

The Board believes these changes will not only reduce costs but also strengthen the Company’s governance structure as it continues to advance the Pulju Project. This restructure reflects the Company’s commitment to preserving shareholder value during challenging market conditions while ensuring continuity and retention of expertise.

The Board of Nordic Nickel thanks Marcello for his outstanding service as Chairman and looks forward to his continued contributions in his new capacity.


Click here for the full ASX Release

This article includes content from Nordic Nickel, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

NNL:AU
The Conversation (0)
FPX Nickel (TSXV:FPX)

FPX Nickel Completes Production Run of Battery-Grade Nickel Sulphate to Support Discussions with Prospective EV Battery Supply Chain Partners

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) ("FPX" or the "Company") is pleased to announce successful production of additional battery-grade nickel sulphate from its Baptiste Nickel Project ("Baptiste" or the "Project"). Building on the success of previous testing campaigns, a production run was completed to produce larger quantities of nickel sulphate crystals. The nickel sulphate samples, which meet the strict target specifications for battery applications, will be provided to selected prospective downstream partners including pCAM producers, battery companies, and automakers pursuing supply security, traceable sourcing, and low carbon intensity production.

"The production of high-purity nickel sulphate further positions us to engage in strategic discussions with prospective downstream partners across the global EV supply chain," commented Martin Turenne, FPX Nickel's President and Director. "This milestone further demonstrates the strategic flexibility of the Baptiste awaruite concentrate and the technical maturity of the awaruite refining process."

Keep reading...Show less
Nickel bars in front of a world map.

Top 9 Nickel-producing Countries

The top nickel producing countries list has been shaken in recent years by Indonesia's rapid rise to the top, beating the Philippines and New Caledonia.

Demand for nickel is mounting. Stainless steel accounts for the vast majority of nickel demand, but electric vehicle (EV) batteries represent a growing application for the base metal as the shift toward a greener future gains steam.

But while nickel's long-term outlook appears bright, it may face headwinds in the short term. Nickel prices have been trending down since breaking US$20,000 per metric ton in May 2024 as weak usage coincides with strong output from top producer Indonesia.

Keep reading...Show less
Ni-Co Energy

Ni-Co Energy Set to Mobilize Critical Minerals Exploration just 90 km from Montreal

Ni-Co Energy Inc. announces that its technical team will be mobilized to the Kremer property around mid-June 2025. The project is located approximately 90 km north of downtown Montreal and about 15 km from the nearest municipality, in a remote forested area with access via an existing road and close proximity to the hydroelectric grid.

Meet The Team:

Keep reading...Show less
FPX Nickel (TSXV:FPX)

FPX Nickel


Keep reading...Show less

Latest Press Releases

Related News

×