Nickel Industries Limited advised that it has executed a new USD 250 million term loan facility (the Facility), jointly provided by tier-1 banks PT Bank Negara Indonesia(Persero) Tbk (BNI) and DBS Bank Ltd. (DBS). Following the recent repayment of the USD 245 million balance of the Company's April 2024 notes, the Facility has been established to support the remaining funding requirements for the Nickel Industries' acquisition of a 55% equity interest 1 in the Excelsior Nickel Cobalt (ENC) HPAL Project, which is currently under construction within the Indonesia Morowali Industrial Park (IMIP). The establishment of this Facility follows the USD 400 million multi-tranche facility that was secured in October 2023 from BNI and successfully syndicated to a mix of Asian, European and global banking institutions.