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)

Jan 29, 2026

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, JSY Platinum Tower, Asean corner Fuentes St., Aseana Avenue 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

Parañaque

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	5,110,421,196

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
Ipilan Nickel Corporation commences 2026 operations with first nickel ore shipment to China
Background/Description of the Disclosure
Ipilan Nickel Corporation (INC), the Palawan operating subsidiary of Global Ferronickel Holdings, Inc. (PSE: FNI), has officially commenced its mining operations for calendar year 2026 following the successful loading of its first nickel ore shipment for the year. The bulk carrier MV RU Cheng Shan has completed loading at Ipilan’s anchorage area in Brooke’s Point, Palawan, and has departed for China with 53,912 wet metric tons (WMT) of Ni 1.30% low-grade nickel ore. With favorable operating conditions and weather permitting, Ipilan targets to achieve at least 1.5 million WMT in volume production for the year. The projected sales mix for 2026 is 52.6% low-grade and 47.4% medium-grade nickel ore, in line with the Company’s market strategy and customer requirements. The commencement of shipments reflects the strong operational readiness of Ipilan’s mine site and its continued ramp-up under a comprehensive mine development program for the year. Key activities include mining area expansion, construction of additional haul roads, and the installation of critical environmental protection structures. These initiatives are integral to supporting the Company’s targeted production volumes while ensuring strict compliance with environmental and regulatory standards. Ipilan operates under a Mineral Production Sharing Agreement (MPSA) with the Philippine government, granting it the right to conduct mining operations within the Municipality of Brooke’s Point, Palawan, covering a total contract area of 2,835 hectares. The start of Ipilan’s 2026 operations underscores FNI’s continued execution of its growth strategy, anchored on disciplined mine development, responsible mining practices, and long-term value creation for shareholders. The Company remains committed to close coordination with national and local government agencies, and host communities to ensure that mining operations translate into inclusive economic growth, employment generation, and sustainable community development.
Other Relevant Information
Attached is the Press Release document