Westwin Elements secures $1.4B nickel sale

Westwin Elements Inc. signed two commercial sales agreements with metals and minerals trading firm Traxys North America LLC, covering up to 27,000 metric tons per year of Class 1 nickel and specialized nickel products over seven years.

With the two-part deal, Westwin secured approximately $1.4 billion in committed nickel sales. Traxys will also work to broker a $35 million credit facility to support construction of the nickel refinery Westwin is building in Lawton, Oklahoma. The loan is expected to be structured in conjunction with the company's senior debt package.

"This is more than a transaction — it's a vote of confidence in Westwin and in American-made critical minerals," KaLeigh Long, Westwin CEO, said in a statement. "This agreement reflects Traxys' deep conviction in both our near-term execution and long-term growth — and it positions Westwin as a cornerstone of the US critical minerals strategy."

The deal follows a recent $350 million sales agreement with Golden Age FZE, a subsidiary of Apex Group-Turkiye. Westwin now has binding agreements for 80% of its projected production from the refinery.