First, a large sample of Ni0.05Mo3Sb5.4Te1.6 was prepared by heating the elements in the stoichiometric ratio. β-SiC nanoparticles were added in volume fractions, f, of 0.01, 0.02, and 0.034 to three different portions of the material, and a portion without SiC nanoparticles was retained as a reference. All four samples were subjected to consolidation by hot-pressing. Furthermore, Al2O3 nanoparticles were added in volume fractions of f = 0.01, 0.0216, and 0.0325 to three other portions, again retaining a fourth protion as reference. These four samples were consolidated by spark-plasma sintering. The thermoelectric transport properties of these composites were characterized from 325 to 740 K. For the sample with 0.01 volume fraction of SiC, there was an enhancement in figure of merit by 18 % compared with the reference sample, mainly due to an 18 % reduced thermal conductivity. The 9 % reduction in thermal conductivity of the sample with 0.01 volume fraction of Al2O3 was not enough to compensate the loss in the power factor of 18 %, leading to a decrease in the figure of merit. Microstructural information obtained by SEM, TEM, and BET was used to elucidate the phase and transport properties. The spark-plasma-sintered bulk sample has a figure of merit that is 35 % higher than the bulk sample consolidated through hot-pressing.