03:04 PM EST, 02/19/2026 (MT Newswires) -- Nickel 28 Capital ( CONXF ) was at last look up near 3% and nearer to 52 week highs on Thursday afternoon after saying it received approval from the TSX Venture Exchange to conduct, at the company's discretion, a normal course issuer bid program.

The NCIB will allow the company to purchase up to around 7.05 million common shares, representing approximately 8.1% of Nickel 28's issued and outstanding common shares.

"The maximum number of common shares that may be purchased by the Company under the NCIB represents approximately 10% of the Company's "Public Float"," said the company.

The company added that the buyback will begin on Feb. 23, 2026, and will end on Feb. 23, 2027, or on an earlier date in the event that the maximum number of common shares sought in the NCIB have been repurchased.

"We are pleased to announce the TSXV's acceptance of Nickel 28's normal course issuer bid," said Craig Lennon, President and Chief Executive Officer of the company. "In the opinion of management and the board of directors of Nickel 28, the common shares have recently continued to trade in a price range that represents a substantial discount to the Company's net asset value and does not reflect the underlying value of the Company, and implementation of this normal course issuer bid represents an important element of our shareholder capital return policy to enhance shareholder value creation."

The company's shares were last seen up $0.03 at $1.15 on the TSX Venture Exchange, leaving it short of a 52 week high $1.19.

Price: 1.15, Change: +0.03, Percent Change: +2.68