SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

May 2, 2025

2. SEC Identification Number

ASO94-03992

3. BIR Tax Identification No.

003-871-592

4. Exact name of issuer as specified in its charter

Global Ferronickel Holdings, Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Penthouse, Platinum Tower, Asean Ave. cor. Fuentes St., Aseana, Parañaque City Postal Code 1701

8. Issuer's telephone number, including area code

(02) 8519 7888

9. Former name or former address, if changed since last report

n.a.

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	5,125,175,687

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Global Ferronickel Holdings, Inc.FNI

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Platinum Group Metals Corporation kicks off 2025 with milestone first shipment to Indonesia
Background/Description of the Disclosure
May 2, 2025 - Platinum Group Metals Corporation (PGMC), the operating arm in Surigao del Norte of diversified conglomerate Global Ferronickel Holdings, Inc. (FNI), announces the successful dispatch of its first nickel ore shipment for the year and it is heading to Indonesia. The first shipment, aboard MV YUE DIAN 59, left the PGMC anchorage area last April 30, 2025 carrying a total of 56,625 wet metric tons (WMT) of nickel ore. The cargo consists of low-grade ore with 1.25% Ni and iron content below 20%, marking the beginning of what is set to be a strong operational year for PGMC. “This first shipment to Indonesia represents a key strategic move for FNI as we continue to strengthen our international market presence and diversify our client base. China remains our biggest market but the demand from Indonesia has been growing significantly since the past year,” said FNI President Dante R. Bravo. PGMC targets to complete 91 shipments for the year, totaling five million WMT, weather permitting. The projected sales mix will consist of 47% medium-grade nickel ore and 53% low-grade nickel ore. FNI is committed to maintaining its position as one of the country's leading nickel ore producers and contributing to the growth of the Philippine mining industry. ###
Other Relevant Information
Forward-Looking Statements: This disclosure may contain forward-looking statements which are subject to a number of risks and uncertainties that could affect the Company's business and results of operations. Although the Company believes that the expectations reflected in this disclosure are reasonable, it gives no guarantee of future performance, actions, or events. Contact: Luigi I. Avanceña: 0998-544-7046 [email protected]