Overview
Nickel is an important critical element in the electric vehicle market due to its ability in conducting higher energy density and larger storage capacities in batteries. In 2021, the sales of electric vehicles reached 6.75 million with the demand for electric battery production also increasing by 11 percent or 196,000 metric tonnes (mt) and is expected to grow to 855,000 mt in 2026.
With the EV market playing a significant role in achieving the zero emissions target by 2050, nickel exploration and mining companies are seen to be gearing up for it.
Tartisan Nickel Corp (CSE:TN; OTCQX:TTSRF)(FSE:A2D) is a Canadian battery metals exploration and development company focuses on developing the Kenbridge nickel–copper–cobalt project located in Northwestern Ontario, Canada.
The company commenced construction on an all-season access road into the Kenbridge Nickel Project and completed a positive Preliminary Economic Assessment (PEA) independently prepared by P&E Mining Consultants Inc of Brampton, Ontario. The PEA is focused solely on mining the Mineral Resources at the Kenbridge Nickel Project underground mine and provides a solid base case for moving the Kenbridge Project forward. The PEA indicated a 9-year mine plan based on a 1,500 tonne per day underground mining and processing operation. The Measured, Indicated and Inferred Mineral Resources assume an overall dilution of 47 percent and a 94 percent mine recovery factor.
Tartisan Nickel also owns the Sill Lake silver–lead property in Sault St. Marie, Ontario. Tartisan Nickel also maintains an investment portfolio that provides smart exposure to silver and nickel markets and projects. It currently has an equity stake of 2 percent net smelter return (NSR) on the La Victoria asset in Peru; Class 1 Nickel & Technologies Inc. (CSE:NICO) plus a 0.5 percent NSR on the Alexo-Kelex asset; and Peruvian Metals Corp. (TSXV:PER).
In 2021, Tartisan Nickel prepared a Technical NI 43-101 Report for its Sill Lake property. The report aims to validate and reinterpret the work previously done by Chemrox Technologies LLC, documentation of the current claims package held by Tartisan, and an examination of an airborne spectrographic report prepared by Steele and Associates.
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