Jan 18 (Reuters) - Nickel Industries Ltd (NIC) : AGREEMENTS FOR...

Jan 18 (Reuters) - Nickel Industries Ltd (NIC) :

• AGREEMENTS FOR PRODUCING NI ASSETS AND US$471M CAPITAL RAISE
• EXECUTED AN ELECTRIC VEHICLE BATTERY SUPPLY CHAIN STRATEGIC FRAMEWORK AGREEMENT WITH SHANGHAI DECENT INVESTMENT
• EQUITY RAISE WILL COMPRISE A US$185 MILLION FULLY UNDERWRITTEN, INSTITUTIONAL PLACEMENT
• ALSO ACQUIRED OPTIONS TO COLLABORATE WITH SHANGHAI DECENT ON FUTURE BATTERY NICKEL OPPORTUNITIES FOR US$40 MILLION
• ENTERED INTO BINDING AGREEMENTS WITH SHANGHAI DECENT TO ACQUIRE 10% INTERESTS IN TWO PRODUCING NICKEL ASSETS
• EQUITY RAISE WILL COMPRISE A US$270 MILLION PLACEMENT TO NEWSTRIDE
• EQUITY RAISE WILL COMPRISE A NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO US$20 MILLION
• PROCEEDS OF EQUITY RAISE WILL BE PUT TOWARDS ACQUIRING AN INDIRECT 10% INTEREST IN HNC HPAL, AND AN ADDITIONAL 10% INTEREST IN ONI
• ACTIVELY ASSESSING NEAR-TERM NICKEL LATERITE OPPORTUNITIES WITH EXPECTED ASSESSMENT TIMEFRAMES OVER COMING QUARTER
• US$185 MILLION PLACEMENT AT A$1.02 PER NEW SHARE