Nickel Industries Ltd Strategic Investments in EV Supply Chain Transcript
(audio in progress) -- importantly removes the risk of any equity overhang.
The CNE deal requires no cash; and, as I mentioned earlier, validates the Sampala Project value at over USD1.3 billion, which is a 5.4 times value uplift from NIC's acquisition price, which -- we haven't even paid for it yet. We're already getting this value uplift.
It brings Sampala more closely aligned and integrated with downstream HPAL processing. It delivers on the government objectives -- and we believe strongly positions the project for a favorable RKAB outcome, which was demonstrated with the RKAB quota that was delivered to our Hengjaya Mine operation.
Finally, it further diversifies us deeper into the EV battery supply chain, with a number of blue-chip Korean and Japanese partners; and an undisclosed strategic investor in the EV supply chain.
If we could just go to the next slide, please. Thank you. Just an overview of the transactions:
The first transaction, TMI, again, comes with a CapEx
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