EV Nickel Inc. (TSXV:EVNI) ("EVNi" or the "Company") is pleased to announce that it has now closed its previously announced acquisition of properties (the "Acquisition") within and to the south of the Shaw Dome, spread across 12 townships (the "Acquisition Package" or the "Shaw Dome Acquisition Properties") incorporating 1,088 staked mining claims over almost 21,000 hectares of prospective land.
The Acquisition Package was acquired from 2812794 Ontario Inc. (the "Vendor"), a privately held mineral exploration company that is arms length from EVNi. The purchase price for 100% ownership of the Acquisition Package was $350K cash (the "Cash Consideration"), $100k of which was paid to the Vendor pursuant to a letter of intent signed in 2021, plus 2.5 million EVNi shares (the "Consideration Shares") issued at closing of the Acquisition.
In addition to the Cash Consideration and Share Consideration, EVNi and the Vendor and entered into a 2.75% net-smelter royalty agreement (the "Shaw Dome Royalty Agreement") with respect to certain Shaw Dome properties and a 2.75% net-smelter royalty agreement (the "Groves Royalty Agreement", together with the Shaw Dome Royalty, the "Royalty Agreements") with respect to the Groves properties. Pursuant to the Royalty Agreements, EVNi may re-purchase 50% of the royalties granted thereunder for $1,850,000 in the case of the Shaw Dome Royalty Agreement and $1,500,000 in the case of the Groves Royalty Agreement.
The Consideration Shares have been placed in escrow pursuant to an escrow agreement entered into between the Company, the Vendor and an escrow agent, pursuant to which one-third of the Consideration Shares will be released on the date that is six months following the closing date, one-third of the Consideration Shares will be released on the date that is twelve months following the closing date, one-third of the Consideration Shares will be released on the date that is eighteen months following the closing date.
The Company is now focussed on continuing to review the available historical data, including re-processing airborne and ground geophysical surveys to help prioritize targets and applyiying for exploration permits. EV Nickel plans to be drilling the most promising targets, across the Shaw Dome Acquisition Properties, later this year.
About EV Nickel Inc.
EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company, focussed on the Shaw Dome area, south of Timmins, Ontario. The Shaw Dome area is home to its Langmuir Project which includes W4, the basis of a 2010 historical estimate of 677K tonnes @ 1.00% Ni, ~15M lbs of Class 1 Nickel. EV Nickel plans to grow and advance a nickel business, targeting the growing demand for Class 1 Nickel, from the electric vehicle battery sector. EV Nickel has over 30,000 hectares to explore and has identified >100km of additional favourable strike length.
Qualified Person
The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "proposed", "plans", "expects", "intends", "may", "will", and similar expressions. Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although EV Nickel believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to raise sufficient capital to fund its obligations under various contractual arrangements, to maintain its mineral tenures and concessions in good standing, and to explore and develop its projects and for general working capital purposes, changes in economic conditions or financial markets, the inherent hazards associated with mineral exploration, future prices of metals and other commodities, environmental challenges and risks, the Company's ability to obtain the necessary permits and consents required to explore and complete the Acquisition Project, drill and develop its projects including those required to complete the Transaction, changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with such laws and regulations, the Company's ability to obtain required shareholder or regulatory approvals, dependence on key management personnel, natural disasters and global pandemics, including COVID-19 and general competition in the mining industry. These risks, as well as others, could cause actual results and events to vary significantly. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of EV Nickel based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.
Contact Information
For further information, visit www.evnickel.com
Or contact: Sean Samson, Chief Executive Officer at samson@evnickel.com.
EV Nickel Inc.
200 - 150 King St. W,
Toronto, ON M5H 1J9
www.evnickel.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
Click here to connect with EV Nickel Inc. (TSXV:EVNI) to receive an Investor Presentation.
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES
EV Nickel Inc. (TSXV:EVNI) ("EVNi" or the "Company") is pleased to announce that it has now closed its previously announced acquisition of properties (the "Acquisition") within and to the south of the Shaw Dome, spread across 12 townships (the "Acquisition Package" or the "Shaw Dome Acquisition Properties") incorporating 1,088 staked mining claims over almost 21,000 hectares of prospective land
The Acquisition Package was acquired from 2812794 Ontario Inc. (the "Vendor"), a privately held mineral exploration company that is arms length from EVNi. The purchase price for 100% ownership of the Acquisition Package was $350K cash (the "Cash Consideration"), $100k of which was paid to the Vendor pursuant to a letter of intent signed in 2021, plus 2.5 million EVNi shares (the "Consideration Shares") issued at closing of the Acquisition.
In addition to the Cash Consideration and Share Consideration, EVNi and the Vendor and entered into a 2.75% net-smelter royalty agreement (the "Shaw Dome Royalty Agreement") with respect to certain Shaw Dome properties and a 2.75% net-smelter royalty agreement (the "Groves Royalty Agreement", together with the Shaw Dome Royalty, the "Royalty Agreements") with respect to the Groves properties. Pursuant to the Royalty Agreements, EVNi may re-purchase 50% of the royalties granted thereunder for $1,850,000 in the case of the Shaw Dome Royalty Agreement and $1,500,000 in the case of the Groves Royalty Agreement.
The Consideration Shares have been placed in escrow pursuant to an escrow agreement entered into between the Company, the Vendor and an escrow agent, pursuant to which one-third of the Consideration Shares will be released on the date that is six months following the closing date, one-third of the Consideration Shares will be released on the date that is twelve months following the closing date, one-third of the Consideration Shares will be released on the date that is eighteen months following the closing date.
The Company is now focussed on continuing to review the available historical data, including re-processing airborne and ground geophysical surveys to help prioritize targets and applyiying for exploration permits. EV Nickel plans to be drilling the most promising targets, across the Shaw Dome Acquisition Properties, later this year.
About EV Nickel Inc.
EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company, focussed on the Shaw Dome area, south of Timmins, Ontario. The Shaw Dome area is home to its Langmuir Project which includes W4, the basis of a 2010 historical estimate of 677K tonnes @ 1.00% Ni, ~15M lbs of Class 1 Nickel. EV Nickel plans to grow and advance a nickel business, targeting the growing demand for Class 1 Nickel, from the electric vehicle battery sector. EV Nickel has over 30,000 hectares to explore and has identified >100km of additional favourable strike length.
Qualified Person
The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "proposed", "plans", "expects", "intends", "may", "will", and similar expressions. Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although EV Nickel believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to raise sufficient capital to fund its obligations under various contractual arrangements, to maintain its mineral tenures and concessions in good standing, and to explore and develop its projects and for general working capital purposes, changes in economic conditions or financial markets, the inherent hazards associated with mineral exploration, future prices of metals and other commodities, environmental challenges and risks, the Company's ability to obtain the necessary permits and consents required to explore and complete the Acquisition Project, drill and develop its projects including those required to complete the Transaction, changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with such laws and regulations, the Company's ability to obtain required shareholder or regulatory approvals, dependence on key management personnel, natural disasters and global pandemics, including COVID-19 and general competition in the mining industry. These risks, as well as others, could cause actual results and events to vary significantly. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of EV Nickel based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.
Contact Information
For further information, visit www.evnickel.com
Or contact: Sean Samson, Chief Executive Officer at samson@evnickel.com.
EV Nickel Inc.
200 - 150 King St. W,
Toronto, ON M5H 1J9
www.evnickel.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
SOURCE: EV Nickel Inc.
News Provided by ACCESSWIRE via QuoteMedia
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES
EV Nickel Inc. (TSXV:EVNI) ("EVNi" or the "Company") is pleased to report the assay results for the full Phase 1 drill program on the Langmuir Nickel Project ("Langmuir" or the "Property"). Building off of the first half results shared in December (see December 8, 2021 News Release), Rogue continues to identify high-grade mineralization along trend of the W4 Zone
Phase 1 focussed within and proximal to the W4 Zone and was designed to test gaps within the historic drilling, provide representative intersections of the mineralization and test the favourable ultramafic horizon to the east and west of the W4 mineralization. Phase 1 totalled 20 holes, comprising 4,192 metres of diamond drilling.
Hole EV21-09 intersected 15.7 metres grading 1.14% Ni starting at a drill depth of 123.30 metres, testing an area along the eastern boundary of the W4 Zone, outside of the previously identified nickel mineralization from the historic exploration. Hole EV21-09 represents a significant, near surface intercept demonstrating potential to expand the known mineralization along the edges and at depth in the W4 Zone.
A short drill interval of nickel sulphide mineralization identified in EV21-14, approximately 85 metres west of the interpreted western boundary of the W4 Zone, indicates that the stratigraphic horizon hosting the W4 Zone continues to be a fertile geological sequence with the potential to host additional nickel sulphide mineralization. This favourable stratigraphic horizon will form a portion of the planned diamond drilling in the Phase 2 program.
"The strong results of the Phase 1 drill program confirmed the potential of the Langmuir Project to host high grade, high nickel tenor, near surface nickel sulphide mineralization." states Paul Davis, EVNi's Vice President of Exploration. "The intersection of nickel sulphide mineralization to the west of the W4 Zone indicates that the komatiitic ultramafic sequence associated with the W4 Zone, both to the east and west of the observed mineralized zone, remains sulphide saturated with the potential to host additional nickel sulphide zones that will be explored during the Phase 2 drill program."
"Our first priority at EV Nickel is finding more nickel at Langmuir and this confirmation of the mineralization to the east and west of W4 starts us down that path," said Sean Samson, President & CEO of EVNi.
The complete results of the Phase 1 drill program are included in Table 1 (second half results in bold):
Detailed location and depth details of the Phase 1 drill program are in Table 2 and are plotted on Figure 1.
Upcoming Release of Drilling Information
EVNI plans to provide the full details of the Phase 2 drilling plan next week.
Assay QA/QC
Drill core samples from the 2021 drill program at the Langmuir Project are cut and bagged at the core logging facility located near the property and transported to ALS Canada Ltd for analysis. Samples, along with certified standards and blanks that are included by the Company for quality assurance and quality control, were prepared and analyzed at the laboratory. Samples are crushed to 70% less than 2mm. A riffle split is pulverized to 85% passing 75 microns. Nickel, copper, cobalt and sulphur are analyzed by sodium peroxide fusion with an ICP finish and platinum, palladium and gold by fire assay and ICP-AES finish. These and future assay results may vary from time to time due to re‒analysis for quality assurance and quality control.
About EV Nickel Inc.
EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company, focussed on the Shaw Dome area, south of Timmins, Ontario. The Shaw Dome area is home to its Langmuir project which includes W4, the basis of a 2010 historical estimate of 677K tonnes @ 1.00% Ni, ~15M lbs of Class 1 Nickel. EV Nickel plans to grow and advance a nickel business, targeting the growing demand for Class 1 Nickel, from the electric vehicle battery sector. EV Nickel has almost 9,100 hectares to explore across the Shaw Dome and has identified 30km of additional favourable strike length.
Qualified Person
The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.
Cautionary Note Regarding the Langmuir project's 2010 historical estimate:
Historical mineral resources for Langmuir were estimated by SRK Consulting (Canada) Inc., as documented in a report entitled, "Golden Chalice Resources Inc., Mineral Resource Evaluation, Langmuir W4 Project, Ontario, Canada", dated June 28, 2010 (the "Historical Report"). A qualified person, as defined by NI 43-101, has not done sufficient work to verify the historical assay results and technical information reported herein. The Company is not treating the Historical Report as current. The reader is cautioned not to rely upon any of the Historical Report, or the estimates therein. The historical estimates are presented herein as geological information only, as a guide to follow-up technical work, and for targeting of confirmation and exploration drilling.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "proposed", "expects", "intends", "may", "will", and similar expressions. Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although EV Nickel believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to raise sufficient capital to fund its obligations under various contractual arrangements, to maintain its mineral tenures and concessions in good standing, and to explore and develop its projects and for general working capital purposes, changes in economic conditions or financial markets, the inherent hazards associated with mineral exploration, future prices of metals and other commodities, environmental challenges and risks, the Company's ability to obtain the necessary permits and consents required to explore, drill and develop its projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives, changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with such laws and regulations, the Company's ability to obtain required shareholder or regulatory approvals, dependence on key management personnel, natural disasters and global pandemics, including COVID-19 and general competition in the mining industry. These risks, as well as others, could cause actual results and events to vary significantly. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of EV Nickel based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.
Contact Information
For further information, visit www.evnickel.com
Or contact: Sean Samson, Chief Executive Officer at info@evnickel.com.
EV Nickel Inc.
200 - 150 King St. W,
Toronto, ON M5H 1J9www.evnickel.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
SOURCE:EV Nickel Inc.
News Provided by ACCESSWIRE via QuoteMedia
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES
EV Nickel Inc. (TSXV:EVNI) ("EVNi" or the "Company") is pleased to announce that exploration drilling on the Langmuir Nickel Project ("Langmuir" of the "Property") from the inaugural drill program with significant intersections from within and along the eastern and western boundaries of the W4 Nickel Zone
Since June 2021, a total of 20 holes representing 4,192 metres of diamond drilling on the Langmuir Nickel Project. Assay results for 10 holes of the 2021 exploration drill program are reported in the Table 1 below. Drill hole information including the location of the collars, dip and azimuth of the holes and the final depth are provided in Table 2.
"We are very excited to start getting assay results and these begin to confirm our excitement for the potential of the Langmuir Project and the Shaw Dome more broadly," said Sean Samson, President & CEO of EVNi "This is a district which has produced nickel with the sorts of grades that get turned into mines."
"I am extremely encouraged by the mineralization observed within the W4 Zone," states Paul Davis, EVNi's Vice President of Exploration. "The unique characteristics of this deposit with a lower magnetic susceptibility and disseminated sulphides with a high nickel tenor opens up additional priority targets for exploration on the Langmuir Property. We are gearing up to start our Phase 2 drill program testing additional high priority targets along the favourable geologic trends to the east and west of W4."
The drill program was designed to test gaps within the W4 Zone historic drilling and provide EVNI with representative intersections of the W4 mineralization, test the eastern and western boundaries of the W4 Zone and explore the favourable ultramafic horizon to the east and west of the W4 mineralization.
Drilling within the W4 Zone intersected significant nickel mineralization associated with disseminated, blebby, veined and massive sulphides hosted in a serpentinized ultramafic unit including 40.2 metres grading 0.68% Ni in hole EV21-08; 17.10 metres grading 0.91% Ni in EV21-02; and 1.11 metres grading 8.66% Ni in EV21-01. These results confirm the high-grade nature of the sulphides mineralization associated with the W4 Zone. EV Nickel has implemented the analysis of sulphur for all drill core samples, allowing the Company to determine the nickel tenors, (nickel content in 100% sulphide) that have been calculated between 18% to >40% within the W4 Zone. This indicates that significant nickel mineralization is associated with low sulphide concentrations of less than 5% sulphide within the host ultramafic host. Assay results are pending for 10 holes of the Phase I drill hole program.
The type of nickel mineralization associated with the W4 Zone is not typical of the other nickel deposits hosted within the Shaw Dome, south of Timmins, Ontario. The sulphide composition of the mineralized zones is composed almost exclusively of pentlandite resulting in significant nickel grades being associated with low sulphide contents. The sulphide mineralization is also finely disseminated within the zone and has led the Company to expand the sampling in holes EV21-01 and EV21-10 to include intersections adjacent to those reported in Table 2 for which the assays are still pending. This style of mineralization also presents with a different geophysical signature than the traditional deposits and opens up additional target areas within the Langmuir Property.
Assay QA/QC
Drill core samples from the 2021 drill program at the Langmuir Project are cut and bagged at the core logging facility located near the property and transported to ALS Canada Ltd for analysis. Samples, along with standards and blanks that are included for quality assurance and quality control, were prepared and analyzed at the laboratory. Samples are crushed to 70% less than 2mm. A riffle split is pulverized to 85% passing 75 microns. Nickel, copper, cobalt and sulphur are analyzed by sodium peroxide fusion with an ICP finish and platinum, palladium and gold by fire assay and ICP-AES finish. These and future assay results may vary from time to time due to re‒analysis for quality assurance and quality control.
About EV Nickel Inc.
EV Nickel is a Canadian nickel exploration company, focused on the Shaw Dome area, south of Timmins, Ontario. The Shaw Dome area is home to its Langmuir project which includes W4, the basis of a 2010 historical estimate of 677K tonnes @ 1% Ni, ~15M lbs of Class 1 Nickel. EV Nickel's objective is to grow and advance a nickel business, targeting the growing demand for Class 1 Nickel, from the electric vehicle battery sector. EV Nickel has almost 9,100 hectares to explore across the Shaw Dome and has identified 30km of additional favourable strike length.
Qualified Person
The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.
Cautionary Note Regarding the Langmuir project's 2010 historical estimate:
Historical mineral resources for Langmuir were estimated by SRK Consulting (Canada) Inc., as documented in a report entitled, "Golden Chalice Resources Inc., Mineral Resource Evaluation, Langmuir W4 Project, Ontario, Canada", dated June 28, 2010 (the "Historical Report"). A qualified person, as defined by NI 43-101, has not done sufficient work to verify the historical assay results and technical information reported herein. The Company is not treating the Historical Report as current. The reader is cautioned not to rely upon any of the historical report, or the estimates therein. The historical estimates presented herein as geological information only, as a guide to follow-up technical work, and for targeting of confirmation and exploration drilling.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "proposed", "expects", "intends", "may", "will", and similar expressions. Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although EV Nickel believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to raise sufficient capital to fund its obligations under various contractual arrangements, to maintain its mineral tenures and concessions in good standing, and to explore and develop its projects and for general working capital purposes, changes in economic conditions or financial markets, the inherent hazards associated with mineral exploration, future prices of metals and other commodities, environmental challenges and risks, the Company's ability to obtain the necessary permits and consents required to explore, drill and develop its projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives, changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with such laws and regulations, the Company's ability to obtain required shareholder or regulatory approvals, dependence on key management personnel, natural disasters and global pandemics, including COVID-19 and general competition in the mining industry. These risks, as well as others, could cause actual results and events to vary significantly. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of EV Nickel based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.
Contact Information
For further information, visit www.evnickel.com
Or contact: Sean Samson, Chief Executive Officer at samson@evnickel.com.
EV Nickel Inc.
200 - 150 King St. W,
Toronto, ON M5H 1J9
www.evnickel.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
SOURCE: EV Nickel Inc.
News Provided by ACCESSWIRE via QuoteMedia
In 2014, the EU committed to cutting carbon emissions by 40 percent by 2030. In the years that followed, it has expanded considerably on that commitment, announcing an ambitious long-term strategy to become fully climate neutral by 2050. The EU has also taken steps to both shore up critical mineral supply chains and support the development of clean technology and green industry.
While the EU was the first to set a framework for decarbonization and electrification, it was far from the last. In the years since 2014, many others have followed Europe's lead.
In Canada, for instance, there are multiple government-led decarbonization policies. The Canadian federal government has announced plans to replace combustion engines and require 100 percent of car and passenger truck sales in 2035 to be zero emission. It will require all new vehicle sales to be zero emission by 2040. Electric Mobility Canada, an industry initiative, aims to help the country reach 100 percent electric passenger vehicle sales by 2030.
At the province level, governments have instituted programs that will help reach environmental goals, such as British Columbia's CleanBC Industrial Incentive Program and Alberta's Carbon Competitiveness Incentive.
Governments are moving toward a gradual phase out of gas vehicles in favor of electric cars.
The US, for its part, launched the Inflation Reduction Act of 2022. Though primarily a means to reduce the national deficit and curb inflation, the act also introduced several clauses geared towards sustainability, including a goal of a 40 percent reduction in emissions by 2030, investment into domestic manufacturing and energy production, and expanded tax credits for the purchase and sale of electric vehicles (EVs).
These measures will, according to a press release from the White House, serve a few purposes. First, the Act's incentives will reduce the cost of both EVs and EV charging infrastructure. Incentivization is also expected to drive competition and consumer demand while accelerating the growth of the EV market. Lastly, the government intends to promote private sector investment and establish a stable domestic supply chain for critical minerals.
China, the country with the world's fastest-growing EV market, has also established multiple sustainability-focused initiatives. The Chinese government is investing heavily in EVs, with plans to build charging stations for 20 million EVs by 2025 while also constructing a fully electrified public transit system. These measures represent a cornerstone of China's carbon neutrality plan, which it hopes to achieve by 2060.
Other countries are also on board with the EV industry.
Indonesia plans to have 13 million electric motorbikes and 2.2 million electric cars on the road by 2030. The United Kingdom intends for all new cars and vans sold in the country to be zero emission by 2035. The Government of Japan announced similar plans for what it refers to as clean energy vehicles.
The response from automakers to EV initiatives has been largely positive, with the majority of industry leaders embracing electrification. This is most evident from the heavy investment that companies like Tesla (NASDAQ:TSLA) and General Motors (NYSE:GM) have directed toward manufacturing infrastructure. For example, the US hosts nearly 30 EV factories and gigafactories in various stages of construction, with even more facilities dedicated to battery manufacturing.
Tesla alone currently operates five gigafactories worldwide, with plans to eventually increase that number to twelve.
Yet manufacturing is only half the equation; the other half is in the supply of raw materials that will feed it. Given the current rate of production, there is a looming global shortage of multiple materials crucial to EV production, including but not limited to lithium, graphite and copper.
While mining and exploration companies working together with governments have made great strides in addressing these deficits and establishing a stable domestic supply chain, it's still not enough. There are simply too many stalled, incomplete and slow-to-start projects. In light of this, EV manufacturers are increasingly taking matters into their own hands by establishing supply partnerships with junior mining and exploration companies.
These partnerships will impact the market for both critical minerals and battery metals, potentially causing further price spikes as manufacturers stake their claim on already limited supply. Moving forward, agreements between automakers and mineral producers could become standard practice — and even required to remain competitive in the EV market. The upside for exploration companies and their investors: these deals have the potential for considerable returns.
So why are EV manufacturers targeting exploration companies specifically?
As noted by the New York Times, established mining companies cannot meet the needs of the EV industry. Throwing in their lot with exploration companies gives automakers the opportunity to completely sidestep existing supply chains and gain exclusive access to the materials their factories require. These agreements represent something of a return to the automotive sector's roots, hearkening back to the days of Ford's (NYSE:F) Brazilian rubber plantations.
"We quickly realized there wasn't an established value chain that would support our ambitions for the next 10 years," Sham Kunjur, executive director of General Motors' EV Raw Materials Center of Excellence, told the New York Times. "It almost seems like 100 years later, we're back (to the early days of the industry)."
The majority of industry partnerships are focused on securing a supply of lithium, although other metals such as nickel, cobalt and manganese may also become targets in the near future.
There have been several prominent recent partnership deals, one of which is Liontown Resources’ (ASX:LTR) February 2022 deal with Tesla. Contingent on the company starting commercial production in 2025, the supply agreement promises roughly a third of the company's production capacity to the EV manufacturer. Liontown has also signed offtake agreements with Ford and LG Energy Solution (KRX:373220), with all three deals accounting for roughly 450,000 dry metric tons of lithium per year.
Nevada is emerging as a new lithium frontier with several promising projects underway.
In 2023, Lithium Americas (NYSE:LAC) signed a US$650 million equity investment deal with General Motors to develop the mining company's Thacker Pass project in Nevada. This deal represents the largest investment in raw battery materials by an automaker to date.
In Europe, Vulcan Energy Resources (ASX:VUL), which controls license areas in both Italy and the Upper Rhine Valley in Germany, currently maintains lithium supply agreements with Stellantis (NYSE:STLA), Renault (EPA:RNO) and Volkswagen (OTC Pink:VLKAF,FWB:VOW). It also has offtake agreements with LG Energy Solutions as well as battery materials producer Umicore (EBR:UMI).
Significant though they are, these agreements represent only a drop in the bucket. There are many other junior exploration companies that could serve as promising suppliers for automakers, including Grid Battery Metals (TSXV:CELL,OTCQB:EVKRF). In addition to several lithium development projects in Nevada, the company has discovered a promising nickel exploration region situated in Central British Columbia.
Each of the company's four projects is situated near extensive pre-existing infrastructure, ensuring that Grid Battery Metals can ramp up production in the short term with minimal capital investment cost. The Canadian exploration company also raised in excess of C$5 million in 2023 and has approximately C$9 million in working capital on its balance sheet.
With supply deficits growing progressively more severe, EV manufacturers have begun to take matters into their own hands, signing agreements with junior exploration companies to gain exclusive access to critical materials. This has resulted in significant returns for those companies and their investors — with more opportunities likely to come in the near future.
This INNSpired article is sponsored by Grid Battery Metals (TSXV:CELL,OTCQB:EVKRF). This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by Grid Battery Metalsin order to help investors learn more about the company. Grid Battery Metals is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Grid Battery Metalsand seek advice from a qualified investment advisor.
SKRR Exploration (TSXV:SKRR, OTCQB:SKKRF, FSE:BO4Q) is a Canadian junior exploration and development company focused on gold in the underexplored Trans Hudson Corridor in Saskatchewan, with five highly prospective gold assets in the area. In addition to its gold projects, SKRR holds two nickel-zinc properties located in Saskatchewan and British Columbia, and a recently optioned uranium asset in the Athabasca Basin.
Over the past 20 years, gold has outperformed the S&P 500, appreciating more than 500 percent, while the total returns of the S&P 500 are just over 190 percent. On the flip side of this growth, a gold supply crisis may be looming as the number of gold development projects has been on the decline since 2007. One study found that the 2015 level of gold discoveries is 85 percent below the 2006 level.
SKRR Exploration is aiming to change this gold supply trajectory, through exploration work at its highly prospective assets within the emerging gold-producing region of the Trans Hudson Corridor. To date, the Homestake Gold Mine just south of the Canadian border, has been the most significant deposit within the Trans Hudson Corridor. It produced 43.9 million ounces (Moz) of gold between 1878 and 2002.
The Trans Hudson Corridor demonstrates a similar potential to the famous Abitibi Greenstone Belt yet remains underexplored. The company owns five assets within the corridor and is currently systematically exploring each property. The company’s portfolio contains several unexplored or underexplored assets with blue-sky potential.
Additionally, the company has two nickel and zinc properties in Saskatchewan and British Columbia. Both of these metals have strong industrial demand that is expected to grow as the electrification transition continues. The global nickel market is expected to reach as high as US$59.1 billion in 2028, up from US$36.27 billion in 2021. Meanwhile, the global zinc market is expected to reach US$45.78 billion by 2027, up from US$26.64 billion in 2022.
In 2023, SKRR entered into an option agreement with F3 Uranium to acquire up to 70 percent interest in the Clearwater West Property, signaling the addition of uranium to its portfolio. Comprising three contiguous mineral claims totaling 11,786 hectares, the Clearwater West Project is located 20 kilometers outside the edge and in the southwest area of the Athabasca Basin.
An experienced management team leads the company toward reaching its goals. Sherman Dahl, CEO, brings 20 years of capital market experience to the company, focusing on identifying undervalued assets. Ron Netolitzky, advisor, has over 40 years of experience in the mining industry and is credited for three major gold deposits in Canada.
SKRR’s 5,038-hectare property is highly prospective of gold as exploration continues. The company has the option to earn up to 75 percent interest in the Olson property and is moving towards additional drilling through systematic exploration.
The large, 20,000-hectare Irving property is located near an established mining district. The Irving Lake property is an early-stage project that has exhibited gold mineralizations during previous exploration.
The 4,239-hectare asset is 40 kilometers northwest of the mining city of Flin Flon, Manitoba. SKRR has 100 percent interest in the project and is currently awaiting assay from a recently completed drill campaign.
SKRR Exploration’s gold projects are within the underexplored Trans Hudson Corridor. This corridor is similar to the prolific Abitibi Greenstone Belt yet has not received the same exploration attention.
The company has two nickel-zinc deposits, creating additional revenue streams as exploration continues. Each project is highly prospective for future deposits.
The Clearwater West Property comprises three contiguous mineral claims totaling 11,786 hectares and located 20 kilometers outside the edge and in the southwest area of the Athabasca Basin. The project is 13 kilometers south of Fission Uranium's Triple R deposit, located 7 kilometers outside the basin edge on its PLS Property and 17 kilometers south of NexGen's Arrow uranium deposit.
Clearwater West is an early-stage exploration project prospective for hosting high-grade uranium mineralization. SKRR is conducting a review of the previous exploration work and a reassessment of the untested drill targets on the Clearwater West Property. A work permit application for the planned winter 2024 exploration work has been submitted to the Ministry of Environment of Saskatchewan.Sherman Dahl is a seasoned investor and financier who is well-versed in finance and marketing strategies for small-cap private and public Canadian companies. Dahl has expertise in identifying undervalued companies and introducing these opportunities to his buy-side network of clients, strategic co-investors and marketing participants.
Dahl has a proven record of being able to raise capital and increase investor awareness and liquidity. Dahl was previously a vice-president and investment adviser with National Bank Financial, a leading Canadian investment dealer. In addition to managing a $150-million retail book and achieving Chairman’s Council level, Dahl participated in numerous capital raises totaling more than $150 million directly for various issuers with total issuer financings of $1 billion on behalf of retail and institutional clients over a 20-year career.
Pretium Communications is an advisory and consulting firm based in Vernon, BC. Pretium Holdings also owns and operates restaurants and media print businesses in Vernon, B.C. Dahl holds a Bachelor of Business Administration (economic and finance major) from the University of Regina.
Iain Butler has over 25 years of experience in various senior financial and general management roles. Currently with Kal Tire as the VP of finance for their mining group where he is a member of the board of directors for Kal Tire’s International entities. Butler has completed multiple complex acquisitions, both in Canada and abroad.
Iain has an economics degree from the University of Essex and is a member of the Chartered Professional Accountants of BC and the Institute of Chartered Accountants in England and Wales.
Jeremy Ross has more than twenty years in corporate development and marketing for small-cap to mid-tier mining, oil and gas companies. With a comprehensive network of institutional and retail relationships, Ross has planned and implemented numerous marketing campaigns. He was the corporate development consultant for Fission Energy and played a key role in growing investor awareness up until its major sale of assets to Denison Mines.
In 2013, Ross was appointed to the board of directors of Fission Uranium and was appointed to the Fission 3.0 board of directors following Fission Uranium’s acquisition of Alpha Minerals.
Ron Netolitzky has been very successful in mining exploration with over 40 years of experience and has been directly associated with three major gold discoveries in Canada that have subsequently been put into production: Eskay Creek, Snip and Brewery Creek. He is a director of several publicly traded exploration companies.
Netolitzky has been honored with the Prospector of the Year award from the PDAC, and Developer of the Year award from the BC & Yukon Chamber of Mines. In 2015, he was inducted into the Canadian Mining Hall of Fame.
Highlights
The Company was delighted to work with Morgans Financial Ltd as Lead Manager for the Placement, welcoming new interest in the Company’s assets and endeavours from its extensive client base.
Managing Director, Mr Fairhall said:
“This successful placement sets Pivotal up for an exciting 2024. Early repayment of the convertible note prevents the overhang of dilutive equity conversions, and the decision to replace that note with strong primary equity demand was a purposeful one. Allocation of the Placement was focussed on high-net-worth investors and long-term holders of the Company’s shares, to strengthen the Company’s position and register.
With a very strong balance sheet shareholders now enjoy a cleared path for extensive news flow through 2024, as Horden Lake is drilled and advanced for the first time in over a decade.
We remain very grateful to our loyal shareholders, particularly those that participated in the offer and warmly welcome our new shareholders.”
Catalysts and Work Program
The Company has commenced an extensive work program on its Canadian Cu-Ni-PGM projects, with the majority of focus on its 100% owned Horden Lake project, which already hosts a 28mt at 1.5% CuEq inferred and indicated resource1.
The Horden Lake exploration program is of particular importance, as it represents:
Key catalysts over the next 2-3 quarters are as follows:
Figure 1: Pivotal Metals work program and news flow timeline
Refer to the Company’s ASX announcement dated 3 October 2023 “Exploration and Development Work Program for Quebec Projects” for additional information.
Placement Details
As of the date of this release, the Company has received firm commitments to a raise $2.5m through the issuance of 156,250,000 new shares at $0.016/share; representing a 5.6% discount to the 5 day VWAP and 20% discount to the last traded share price on 23 November 2023.
The shares will be issued in two tranches. Tranche 1 will comprise the issuance of 132,187,500 shares which fall within the existing capacity under ASX Listing Rules 7.1 and 7.1A, approved at the Company’s AGM on 21 November 2023. Settlement of Tranche 1 is expected to take place on or around 4 December 2023, with allotment and quotation of new shares expected to occur on 5 December 2023.
Click here for the full ASX Release
This article includes content from Pivotal Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Grid Battery Metals (TSXV:CELL; OTCQB:EVKRF) is a Canadian-based exploration company focused on high-value battery metals required for the electric vehicle (EV) market. The company, formerly called Nickel Rock Resources, changed its name to Grid Battery Metals in April 2023 and started trading on the TSXV under the ticker CELL.
Grid is focused on EV battery metals exploration through its highly prospective lithium and nickel properties in North America. Grid has three lithium properties in Nevada: Texas Springs, Clayton Valley, and Volt Canyon. The Texas Springs Property, located in Elko County, covers approximately 2,500 hectares and is adjoining the southern boundary of the Nevada North Lithium Project owned by Surge Battery Metals (TSXV:NILI). Surge recently announced high-grade lithium of up to 8,070 parts per million (ppm) lithium on the Nevada North Lithium project, which increases the likelihood of a large-scale high-grade lithium discovery at Texas Springs.
The company has completed the first phase of its initial exploration program at Texas Springs, which included a CSAMT geophysical survey and a detailed soil sampling on a 50-meter by 100-meter spacing. Results from these two exploration programs will be key to determining its 2024 exploration plan and possible drilling locations for clay-based lithium targets.
The 2,300-acre Clayton Valley property, is immediately north of Albemarle’s (NYSE:ALB) Silver Peak Lithium Project, the only producing lithium mine in North America. The property has strong potential to host both lithium brine deposits as well as clay-hosted deposits.
The Volt Canyon lithium property features sediment-hosted lithium clay targets and has excellent accessibility, enabling exploration and exploitation throughout the year. Although limited exploration has been conducted in the immediate area, regional sediment samples in the region taken by the US government returned up to 108 ppm lithium near the property.
The exploration programs on these projects are fully funded through 2024, given Grid’s total available liquidity of approximately C$9 million (including marketable securities).
The shareholders should benefit from the company’s strategy of divesting its nickel assets into a separate public company. Grid announced plans to spin off its British Columbia nickel property into a new company (SpinCo) which will be listed on the TSX Venture Exchange. It is anticipated that each Grid shareholder will receive 1/20 of a SpinCo share for each Grid common share held. This is a win for shareholders as it gives them an equity interest in a new public company at no additional cost.
Grid’s management and geological team has been actively exploring for EV battery metals in Nevada for over a decade. They have been successful in finding and funding new lithium discoveries and had a number of successful exits from companies, the most recent being Surge Battery Metals, where they were responsible for the discovery of the Nevada North Lithium Project. The management’s successful track record of lithium exploration in Nevada provides confidence about the company’s future.
Net-zero targets and calls from policymakers to move towards cleaner transportation have led to an increase in focus on EVs. Auto manufacturers worldwide are producing more EVs for sale each year. Canalys’ latest research shows worldwide sales of EVs grew by 49 percent to 6.2 million units in the first half of 2023. The overall share of EVs reached 16 percent of the global light vehicle market in the same period, a significant increase compared to 12.4 percent from the first half of 2022. The United States is one the fastest growing EV market with a 97-percent year-over-year growth in the first half of 2023.
The support from both the US and Canadian governments through subsidies and favorable legislation continues to drive EV adoption. In particular, both countries have committed to supporting the mining industry for key battery metals with legislation like the US Inflation Reduction Act, which provides both financial and functional support to the mining industry. Buoyed by government policy, US electric vehicle sales are projected to surpass 4.6 million units by 2030 (versus the 2023 estimate of 1.3 million).
Automakers cannot produce electric vehicles without access to battery metals such as lithium and nickel. Fear of missing out is pushing automakers to lock supplies of minerals for electric vehicle batteries. As such, we are seeing increasing partnerships between miners and auto OEMs. Automakers, including General Motors, Ford, BMW, Tesla and Stellantis, have committed large investments in direct financing of mines. We see more carmakers following suit as they strive to own the full supply chain from mine to product.
The Texas Spring Lithium Project, located in Granite Range, Nevada, is 100 percent owned by the company. The project covers approximately 400 hectares (988.4 acres) of area with 34 full lode claims and 30 partial lode claims. It is adjacent to the southern boundary of the Nevada North Lithium Project, owned by Surge Battery Metals. Surge’s initial drilling efforts have successfully identified lithium-rich clay deposits. In fact, a recent discovery in September 2023 showed values of up to 8,070 ppm of lithium.
The proximity to Nevada North Lithium certainly increases optimism for the Texas Spring Project. On top of that, the key founders and members of Surge’s geological team are also the founding management team of Grid, which further increases confidence in the project. The project enjoys excellent infrastructure in terms of paved highways and country roads.
The company recently completed the first phase of its initial exploration program at Texas Springs which included a CSAMT geophysical survey and a detailed soil sampling. Together, they would help predict geological structure and possible drilling locations for lithium targets.
The Clayton Valley Lithium Project, located in Clayton Valley Nevada, is 100 percent owned by the company. The project is spread over approximately 930 hectares (~2,300 acres) with 118 claims. The project is located approximately 344 kilometers (~214 miles) from Reno in the northwest and Las Vegas in the southeast. Moreover, the property is around 315 kilometers (~196 miles) from the Tesla giga-factory and features good infrastructure with excellent road access and a nearby electrical substation.
The project claims are adjacent to the Silver Peak Lithium Project of Albemarle Corporation, which is the only producing lithium mine in North America. Clayton Valley’s lithium is contained in both underground reservoirs (aquifers) in the form of salty groundwater (brine), and in clay-hosted deposits. Historic exploration work dating back to 2021, which included three reverse circulation holes, has inferred the existence of a graben that may be a sub-basin of the larger Clayton Valley basin and may represent a secondary trap for lithium brines.
The Volt Canyon Lithium Project, located in Monitor Valley, Nevada, is 100 percent owned by the company. The project covers an area of approximately 635 hectares (~1,569 acres) with 80 claims and is located approximately 122 kilometers northeast of Tonopah, Nevada. It benefits from excellent accessibility that enables exploration throughout the year.
Although limited exploration has been conducted in the immediate area, regional sediment samples in the region taken by the US government returned up to 108 ppm lithium near the property. The deposit’s origin is thought to be similar to Clayton Valley clay deposits, located about 180 kilometers to the south.
The exploration program includes surface sampling, auger or push drill water sampling along with geophysical work to identify drilling sites for an initial drill test on the property. Subsequently, additional surface and subsurface sampling will be executed in the form of drilling.
The Grid Nickel Group is a nickel project located in Central British Columbia, Canada, involving 17 mineral claims in three groups – Nickel West, Nickel Central and Nickel South. The company has 100 percent interest on ~6,125 hectares with a 2 percent net smelter royalty and has the option to acquire 100 percent interest on an additional 1,400 hectares. The project is located approximately 100 kilometers (~62 miles) northwest of Fort St. James. The project enjoys good infrastructure in terms of paved and gravel roads, access by helicopter, a rail line at a short distance, and hydroelectric power lines crossing the region.
The company’s project area is in close proximity to FPX Nickel’s Decar Project & Baptiste Nickel Deposit, one of the world’s most robust large-scale nickel projects. The mineral claims are partially underlain by rocks similar to the Decar project, where mineralization includes nickel, cobalt and chromium. Exploration reports for the property date back to 1974 and some nickel mineralization occurs as awaruite, which is a naturally occurring nickel-iron alloy important in the manufacture of environmentally efficient batteries for the electric vehicle market.
The Grid Nickel Group project remains a non-core project for Grid and is planned to be separated into a new public listed company via a spin-off in the next three to six months. Each Grid shareholder will receive their proportionate share in the new company (SpinCo) at no additional cost. It is expected that for every 20 shares of Grid held, a shareholder will receive one share of SpinCo. SpinCo plans to raise $2 million in financing to fund its exploration program at the time of its public listing.
Tim Fernback holds a Bachelor of Science from McMaster University in Hamilton, Ontario and an MBA with a concentration in finance from the University of British Columbia. He also holds a Certified Professional Accounting (CPA, CMA) designation in Canada. He has more than 30 years of experience in finance with both public and private companies in Canada and is currently a director of several publicly traded companies.
Roberts Guanzon holds a Bachelor of Science degree in accounting and has rich experience in finance, accounting and corporate strategy. He serves as the CFO of several junior resource companies listed on the TSXV.
Tina Whyte has more than 20 years of experience in the corporate and securities industry. She is an expert in several areas including corporate governance, continuous disclosure, financing transactions and regulatory filings and compliance. She also holds corporate secretary positions with other publicly listed companies.
Jay Oness has rich experience in all aspects of corporate management including strategic planning, business development and investor relations for public companies. He has over 20 years of experience and has served as a director, senior executive and consultant to public companies in the resource and non-resource sectors. He is currently VP of business and corporate development of Southern Silver Exploration.
Robert Setter holds a degree in economics and has over two decades of experience in business development, marketing and research. Previously, he has served as the senior financial editor for Report on Mining. He currently sits on the boards of three other listed mining companies.
Ali H. Alizadeh is a senior geologist possessing extensive experience in mineral exploration & project management. He has been responsible for several uranium, gold and base metal projects during his exploration career with various exploration companies. He graduated with a geology degree in 1991, a M.Sc. in petrology in 1995, and an MBA at Queen’s University in 2010. He is also a member of the Association of Professional Engineers and Geoscientists of British Columbia.
Seth Cude is a certified professional geologist with over a decade of experience in the minerals industry. He also serves as a principal geologist with Rangefront Mining Services focusing on lithium exploration.
Jeremy Hanson is a professional geoscientist with a decade of experience in mineral exploration in Canada. He is also a founder of Hardline Exploration, a geological consulting firm focused on Western Canada.
*This article was written in collaboration with Couloir Capital.
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