The company said the move will fully offset its 2021 attributable greenhouse gas emissions (GHG), which is said it believes makes it the first company in the mining industry to be carbon neutral in the refined nickel-cobalt space.

Nickel 28 owns 8.56% in the long-life mine. On February 9, it completed an independent GHG analysis for Ramu, which returned an intensity calculation of 15.6 tonnes carbon dioxide equivalent per tonne of nickel (15.6 tCO2e/t Ni) in mixed hydroxide product. The company said it will now continue to introduce greater environmental, social and governance (ESG) transparency.

"In addition to GHG emission reporting, Nickel 28 will be providing further clarity with respect to other key measures such as health and safety statistics, community investment, energy and water usage, rehabilitation, and land reclamation," officials said.

In all, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.