AcroMeta Group Announces Strategic Entry into Indonesian Nickel Trading Through Key Partnership

Key Highlights for Investors

• AcroMeta Group Limited has initiated a significant strategic partnership in the nickel sector of Indonesia, signaling a potential expansion in its minerals business.
• A Deed of Undertaking has been executed, granting AcroMeta Minerals (AM), a wholly owned subsidiary, the right to acquire a 51% stake in CV Hastora Raya’s mining concession in Morawali, Central Sulawesi.
• This deal involves collaboration with PT Esa Jaya Labdagati (EJL), and support from Ms. Elisabet, the majority shareholder of EJL and 95% owner of CV Hastora Raya.
• The arrangement includes previous agreements such as a Supply Agreement, Deed of Personal Guarantee, and Deed of Pledge of Shares.
• AcroMeta will not engage directly in nickel trading within Indonesia but will operate through EJL to comply with local regulations.
• EJL will help AM enhance its capabilities and competitiveness in the global nickel market.
• The partnership aligns with AcroMeta’s strategy to participate in the global nickel value chain, capitalizing on rising demand from the stainless steel and energy transition sectors.

Details of the Strategic Partnership

On 6 February 2026, Ms. Elisabet, the majority shareholder of EJL and principal stakeholder in CV Hastora Raya, provided AM with a Deed of Undertaking. This legal commitment enables AM, at its sole discretion, to acquire a majority 51% interest in CV Hastora Raya’s mining business license area in Morawali, Central Sulawesi. The deal structure allows AM to jointly develop the nickel mine in compliance with Indonesian laws and regulations.

CV Hastora Raya is a limited partnership established under Indonesian law and is 95% owned by Ms. Elisabet. The partnership structure ensures AcroMeta’s entry into the Indonesian nickel sector is supported by experienced local stakeholders and compliant with all relevant regulations.

Importantly, the Supply Agreement stipulates that AM will not directly participate in the trading of nickel within Indonesia. Instead, all trading activities will be conducted through EJL, ensuring strict adherence to Indonesian regulatory requirements. EJL’s involvement is also expected to help AM improve its operational capabilities and global market competitiveness in nickel.

Potential Impact and Shareholder Considerations

• Strategic Positioning: This move gives AcroMeta a foothold in one of the world’s most important nickel-producing regions. The company is well-positioned to benefit from the anticipated growth in global demand driven by stainless steel production and energy transition technologies such as batteries for electric vehicles.
• Financial Impact: Based on current information, the proposed transaction is not expected to have a material impact on the Group’s net tangible assets or earnings per share for the current financial year. However, the long-term strategic value could be significant if the venture is successful.
• Regulatory Compliance: The structure of the partnership, including the use of EJL as the operational entity in Indonesia, minimizes regulatory risks and aligns with local laws, an important consideration for international investors.
• Potential Share Price Sensitivity: While the deal is not expected to impact near-term financials, the entry into the nickel sector, especially in a resource-rich region, is a notable strategic development. Any further material developments or successful execution of the mining project could become price sensitive and affect the Group’s share value.

Next Steps and Cautionary Note

The company will provide further updates as significant developments occur regarding this strategic partnership. Shareholders are advised to exercise caution when dealing in the company’s securities, given the potential for new information to impact the share price.

Disclaimer: This article is based on company disclosures and is intended for informational purposes only. It does not constitute investment advice. Investors are encouraged to perform their own due diligence and consult professional advisors before making investment decisions. The Singapore Exchange assumes no responsibility for the contents of this article.

View AcroMeta Historical chart here