Global Ferronickel Holdings Inc Information

Global Ferronickel Holdings, Inc. (FNI) is a publicly-listed company in the Philippines engaged in mining and exporting of nickel ores as its core business. FNI also has significant interests in steel manufacturing, port operations and logistics, ferronickel smelting plant and cement business. The company's extensive portfolio of nickel exploration tenements in key mineral regions is supported by its long-standing experience, solid technical expertise, and dedication to environmental, social, and governance (ESG) initiatives, providing long-term value through strategic expansion plans. As a leading nickel ore supplier in the ASEAN region, FNI is seeking opportunities to participate in the nickel ore processing business in the Philippines in the near term, catering to the increasing demand for nickel-based batteries for electric vehicles (EVs) and contributing to a more efficient and eco-friendly alternative to fossil fuel-powered vehicles. The company is committed to growth and is confident in its core mining business, as evidenced by its consolidation of mining interests to its wholly-owned subsidiary, Platinum Group Metal Corporation (PGMC). PGMC's synergistic operation across the company's existing nickel mines ensures a consistent nickel supply all year round. The Cagdianao Mine in Surigao and the Ipilan Nickel Mine in Palawan, both under PGMC, have a combined yearly shipment capacity of 6.5 million wet metric tons (WMT), accounting for about 15% of total nickel ore exports in the Philippines in terms of volume. With a focus on optimizing and expanding its existing mining operations, FNI aims to grow its mining portfolio strategically by actively engaging in dialogue with private and public offices to promote the mining industry as a crucial component of the domestic economy. Additionally, it plans to acquire new mining concessions and invest in profitable segments of the nickel processing value chain.