Which nickel companies have made gains in 2021? The Investing News Network looks at the top nickel stocks of the year.
Click here to read the previous top nickel stocks article.
Nickel has had an interesting year, with prices performing in a choppy fashion, but overall upward.
The nickel price hit a near-decade high in late November before pulling back on uncertainty over the economic impact of the latest COVID-19 variant. 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 five top nickel stocks with year-to-date gains on the TSX and TSXV. All year-to-date and share price information was obtained on December 7, 2021, using TradingView’s stock screener, and all companies listed had market caps above C$10 million at that time.
1. Noront Resources
Current share price: C$0.73; year-to-date gain: 294.5 percent
Noront Resources (TSXV:NOT) has built a diverse project portfolio in a resource-rich region of Ontario’s James Bay Lowlands known as the Ring of Fire. The company is developing its high-grade Eagle's Nest nickel-copper-platinum-palladium deposit. Its asset base also includes the Blackbird, Black Thor and Big Daddy chromite deposits.
Noront shareholders have until January 14, 2022, to consider an acquisition bid by BHP Lonsdale Investments, a wholly owned subsidiary of BHP (NYSE:BHP,ASX:BHP). One of the largest mining companies in the world, BHP recently moved its nickel and copper headquarters to Toronto as the company looks to better position itself as a battery metals supplier for the emerging electric vehicle industry.
2. North American Nickel
Current share price: C$0.51; year-to-date gain: 229.03 percent
North American Nickel (TSX:NAN) is an exploration company with 100 percent owned properties in Greenland and 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 Southern Africa.
The Maniitsoq property in Greenland is a camp-scale, permitted exploration project that is 3,048 square kilometers in size and covers 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 just 2 kilometers away from the past-producing Podolsky copper-nickel-precious metals sulfide deposit belonging to KGHM (WSE:KGH).
3. Canada Nickel Company
Current share price: C$3.76; year-to-date gain: 93.81 percent
Canada Nickel Company (TSXV:CNC) is advancing its 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.
4. Nickel 28 Capital
Current share price: C$0.91; year-to-date gain: 91.58 percent
Nickel 28 Capital (TSXV:NKL) is a nickel-cobalt producer through its 8.56 percent joint venture interest in the producing, long-life, world-class Ramu nickel-cobalt operation located in Papua New Guinea.
In addition to that, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.
5. Noble Mineral Exploration
Current share price: C$0.12; year-to-date gain: 41.18 percent
Noble Mineral Exploration (TSX:NOB) has interests in Canada Nickel Company, Spruce Ridge Resources (TSXV:SHL,OTC Pink:SRCGF) and MacDonald Mines Exploration (TSXV:BMK,OTC Pink:MCDMF), as well as in the Holdsworth gold property near Wawa, Ontario.
Aside from that, 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.
Noble also owns the Buckingham graphite property, the Laverlochere nickel-copper-platinum-group metals property and the Cere-Villebon nickel-copper-platinum-group metals property, all in Quebec.
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Securities Disclosure: I, Melissa Pistilli, 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.
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