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SPC Nickel

TSXV:SPC

Class 1 Nickel in the Sudbury Mining Camp in Ontario

Press Releases

Overview

Nickel plays a vital role in electric vehicle and battery manufacturing, a sector that is expanding rapidly year after year. Market research projects this growing nickel demand to reach upwards of 1.3 million metric tonnes per annum by 2030 as nickel content in electric vehicles increases to over 40 kilograms per car battery.

However, only Class 1 nickel with purities above 99.98 percent is suitable for electric vehicle batteries. Sulphide deposits found in the Sudbury Mining Camp in Ontario are one of the world’s primary sources of Class 1 nickel. Today, the Sudbury Mining Camp produces hundreds of tons of nickel and copper every year, containing some of the biggest concentrations of mines in the world.

SPC Nickel (TSXV: SPC) is exploring highly-prospective nickel-copper-platinum group mineralization projects within the world-class Sudbury Mining Camp in Ontario, Canada. The camp is the world’s second largest nickel camp with historic continuous production spanning over 125 years. The prolific mining camp leverages a highly skilled local mining workforce and excellent existing infrastructure with two active mills and smelters in operation.

SPC Nickel has a robust portfolio that includes the flagship Aer-Kidd project and Lockerby East project and the Janes and Owen properties. Aer-Kidd and Lockerby East are 100 percent owned advanced-stage projects, while SPC Nickel’s other properties present the company with favorable growth options.

Along trend northeast of the Aer-Kidd Property is KGHM Polska Miedz’s high-grade Victoria deposit that has a reported 14.5 million tonnes at 2.5 percent nickel, 2.5 percent copper and 7.6 g/t platinum group metals (PGM) resource. To the southwest is Vale’s producing Totten Mine that hosted initial resources of 10.1 million tonnes at 1.5 percent nickel, 1.97 percent copper and 4.8 g/t PGM.

At the end of 2020, the company raised C$7.82 million. This funding favorably positions it for more aggressive exploration for 2021.

Immediate plans for project development include extensive drilling at Aer-Kidd, which will last between 12 and 24 months.SPC Nickel expects to continue exploration on the rest of its portfolio of base metal projects.

This funding also well-positions the company to take advantage of the forecasted growth in the nickel, copper and platinum group markets.

SPC Nickel’s Company Highlights

  • SPC Nickel is focused on exploring and developing nickel and copper assets in the prolific Sudbury Mining Camp.
  • The company leverages well-positioned growth in the battery and green metals markets and a proven management team with solid exploration, development and operations skills.
  • The flagship Aer-Kidd project and Lockerby East project are 100 percent owned and present exciting discovery potential and advanced-stage development.
  • The Janes and Owen properties in Sudbury present the company with acquisition options. Both properties demonstrate high-grade mineralization.
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