Which nickel companies have made gains in 2021? The Investing News Network looks at the top nickel stocks of the year.
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Nickel has had an interesting year so far, with prices performing in a choppy fashion, but on an upward trend year-to-date.
Despite the market volatility, some nickel companies have done exceptionally well, with their share prices seeing major increases over the course of the year so far.
Below the Investing News Network profiles the top five nickel stocks with year-to-date gains on the TSX and TSXV. All year-to-date and share price information was obtained on October 1, 2021, from TradingView, and all companies listed had market caps above C$10 million at that time.
1. North American Nickel (TSX:NAN)
Current share price: C$0.34; year-to-date gain: 119.35 percent
North American Nickel is a mineral exploration company with 100 percent owned properties in Maniitsoq, Greenland, and Ontario, Canada. In 2019, the company became a founding shareholder in Premium Nickel Resources, a private Canadian company geared at providing direct exposure to nickel-copper–cobalt opportunities in the Southern African region.
The Maniitsoq property in Greenland is a camp-scale, permitted exploration project comprised of 3,048 square kilometers and covering numerous high-grade nickel-copper and cobalt sulfide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt. The Post Creek/Halcyon property in Sudbury, Ontario, is strategically located adjacent to the past-producing Podolsky copper-nickel-precious metals sulfide deposit belonging to KGHM Polska Miedz (WSE:KGH).
2. Nickel 28 Capital (TSXV:NKL)
Current share price: C$0.95; year-to-date gain: 100 percent
Nickel 28 Capital is a nickel-cobalt producer through its 8.56 percent joint venture interest in the producing, long-life and world-class Ramu nickel-cobalt operation located in Papua New Guinea. In addition, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.
Current share price: C$0.11; year-to-date gain: 29.41 percent
Noble Mineral Exploration has interests in Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF), Spruce Ridge Resources (TSXV:SHL,OTC Pink:SRCGF) and MacDonald Mines Exploration (TSXV:BMK,OTC Pink:MCDMF), and in the Holdsworth gold exploration property in the area of Wawa, Ontario.
In addition, the company holds approximately 72,000 hectares of mineral rights in the Timmins-Cochrane area of Northern Ontario, as well as a further 11,000 hectares in the Timmins area.
4. Canada Nickel Company
Current share price: C$2.28; year-to-date gain: 17.53 percent
Canada Nickel Company is advancing its 100 percent owned Crawford nickel-cobalt sulfide discovery, which has large-scale potential and is situated in the Timmins mining camp adjacent to major infrastructure. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt and NetZero Iron, and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt and iron products.
5. Talon Metals (TSX:TLO)
Current share price: C$0.59; year-to-date gain: 15.69 percent
Talon Metals is focused on producing nickel responsibly for the electric vehicle industry. The high-grade Tamarack nickel-copper-cobalt project is located in Minnesota, US, and is made up of the Tamarack North project and the Tamarack South project.
An updated preliminary economic assessment dated February 2021 provides economics for three different scenarios, foreseeing a nine year operation. Overall tonnage included in the mine plan increased from a previous report by 119 percent, rising from 4.9 million tonnes to 10.8 million tonnes, and the processing rate rose 80 percent, from 2,000 tonnes per day to 3,600 tonnes per day.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Canada Nickel Company, MacDonald Mines Exploration, Noble Mineral Exploration and Spruce Ridge Resources are clients of the Investing News Network. This article is not paid-for content.