Top Nickel Stocks of 2019 on the TSX and TSXV

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Nickel prices soared and fell this year as rumors and confirmation of Indonesia’s nickel ore export ban swirled, and more and more investors bet on an influx of demand for the metal due to electrification and electric vehicles (EVs), which require the metal in their batteries. 

As expected, some nickel companies have done exceptionally well this year, with their share prices seeing major increases over the course of the 12 month period.

Below, the Investing News Network profiles the top three nickel stocks of the year on the TSX and TSXV. All year-to-date and share price information was obtained on December 13, 2019, from TradingView, and all companies listed had market caps above C$10 million at that time.

1. Wallbridge Mining (TSXV:WM)

Current share price: C$0.85; year-to-date gain: 431.25 percent 

Wallbridge Mining is currently developing its 100 percent owned high-grade Fenelon gold property in Quebec. This includes an ongoing 70,000 to 80,000 meter drill program and a recently completed 35,000 metric ton bulk sample.

The company is also continuing exploration of its large portfolio of projects focused on nickel and other metals, including the Parkin properties in Sudbury, Ontario.

In October, Wallbridge Mining announced it was joining forces with Sibanye Gold (NYSE:SBGL) subsidiary Lonmin to work on the nickel-copper–platinum-group metals Denison property.

2. Talon Metals (TSX:TLO)

Current share price: C$0.14; year-to-date gain: 93.33 percent

Talon Metals is a nickel company focused on producing the metal for EVs, mainly through its Tamarack North project and Tamarack South project, both of which are located in Minnesota. Talon Metals spent 2019 working on its Tamarack projects without too much news otherwise.

However, the company did announce an upcoming work program and initiative to evaluate producing nickel sulfates for the battery market in early November.

3. Horizonte Minerals (TSX:HZM)

Current share price: C$0.65; year-to-date gain: 85.71 percent

Horizonte Minerals is a nickel-focused development company primarily operating in Brazil. The company owns the advanced Araguaia ferronickel project and the Vermelho nickel-cobalt project, both of which are located in the Carajás mineral district.

Horizonte hopes to begin shipping out battery-grade nickel from some of its assets, like the Serra do Tapa nickel deposit. The company recognizes the growing push toward electrification and EVs and hopes to supply some of the nickel necessary for it.

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Securities Disclosure: I, Sasha Dhesi, hold no direct investment interest in any company mentioned in this article.