Nickel Industries Ltd's stock soared 5.10% during intraday trading on Wednesday, driven by positive financial results and strategic business decisions announced by the company.

The company reported that its combined adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from operations for April and May 2026 was approximately $80 million. Additionally, Nickel Industries announced it will not proceed with an investment in the ONI matte converter, citing stronger margins and carbon benefits of using high-pressure acid leach technology for class-1 nickel supply.

Further positive developments include the refund of a $15 million option fee by its largest shareholder, Shanghai Decent, and the expectation to receive around $70 million in distributions by early July. These announcements collectively contributed to the significant stock price increase during the trading session.