- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
First Helium
Purpose Bitcoin ETF
Radiopharm Theranostics
Black Swan Graphene
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Excellent Metallurgical Results at Hotinvaara Enhance Entire Pulju Project
Premium nickel concentrate can be produced from the extensive disseminated pentlandite present throughout the Hotinvaara deposit.
Nordic Nickel Limited (ASX: NNL; Nordic, or the Company) is pleased to announce extremely positive results from its first pass metallurgical testing program for its Hotinvaara nickel-cobalt deposit in northern Finland. The current in in-situ JORC (2012) Mineral Resource Estimate at Hotinvaara is for 418Mt @ 0.21% Ni and 0.01% Co (0.22% NiEq1) for 862,800t contained Ni and 40,000t contained Co2.
HIGHLIGHTS
- Master composite from 11 samples across the Hotinvaara deposit produced a clean concentrate of 18.4% Ni and 0.66% Co after Locked Cycle Testing.
- Ni recovery of 62% achieved in a first pass program, employing a straightforward, conventional grinding and flotation process (cobalt recovery 51%).
- On average for the master composite, 75% of the total nickel assay is in sulphide form, and nickel deportment in the sulphides is almost entirely in pentlandite.
- Excellent results achieved with a relatively coarse grind of 90 microns, with no re- grind required.
- Comminution test work indicates the ore would be amenable to SAG milling and is not abrasive, both positive for project economics.
- Result is a superior, high-grade nickel concentrate with payable cobalt.
- Hotinvaara’s metallurgical properties compare favourably with similar lower grade nickel sulphide deposits currently under development in Canada.
- Achieving such a premium quality concentrate can be achieved from the abundant lower grade disseminated nickel sulphides at Hotinvaara bodes well for the rest of the Pulju Belt project area.
The Hotinvaara licence itself, within which the deposit sits, covers 5km2 to the southwest of the 240km2 Pulju Project area. The drilled footprint at Hotinvaara represents just 2km of the known 35km of mineralised strike that the prospective ultramafic unit lies within, highlighting the strong potential for resource growth.
The Pulju Project is a rare, district scale nickel-copper-cobalt exploration and development opportunity within a progressive mining district in Europe. To date, Pulju has been shown to host predominantly shallow, disseminated lower-grade nickel sulphides, such as those forming the majority of the current Hotinvaara deposit, but also some minor, but extremely high-grade massive/remobilised sulphides. Regarding the latter, these thin zones of concentrated, remobilised iron-nickel sulphides so far intersected at Hotinvaara have attained grades of up to 9.6% Ni3, demonstrating that Pulju has the potential for a style of extremely high-grade nickel sulphide mineralisation that has yet to be targeted.
The metallurgical test results reported here demonstrate that the lower grade disseminated nickel sulphide mineralisation at Hotinvaara is amenable to conventional processing and can produce a premium concentrate. Therefore, the next stage of exploration at Pulju may confidently focus on both known styles of mineralisation to achieve potentially valuable outcomes:
1) Increasing the existing resource base by targeting more of the shallow disseminated nickel zones, particularly in the known higher-grade areas. Although the overall grade of the current Hotinvaara resource is 0.22% NiEq, substantial higher-grade zones exist within these wide areas of dissemination, generally associated with greater levels of recrystallisation/remobilisation and higher Ni-in-sulphide content, including:
- 97m @ 0.33% Ni and 0.01% Co in HOV0073;
- 13m @ 0.47% Ni and 0.01% Co in HOV0103;
- 13m @ 0.33% Ni and 0.03% Co in HOV0263; and
- 26m @ 0.59% Ni and 0.02% Co in HOT0164.
Preferentially targeting these zones within the shallow disseminated nickel mineralisation becomes a valuable and viable path for future exploration.
2) Identifying and testing the structures that may have trapped and further concentrated these extensive remobilised sulphides found at Pulju. As a reminder, drilling at Hotinvaara has confirmed that conditions exist for the formation of extremely high grade remobilised and massive sulphides, albeit only in thin zones thus far, for example:
- 0.26m @ 9.61% Ni, 0.36% Co and 0.17% Cu in HOV0323;
- 0.90m @ 4.98% Ni, 0.14% Co and 0.03% Cu in HOV0323;
- 0.32m @ 5.03% Ni, 0.24% Co and 0.06% Cu in HOV0393; and
- 0.60m @ 4.66% Ni, 0.10% Co and 0.02% Cu in HOT0065.
An important next step in pursuit of this depositional model is a detailed structural analysis of the entire Pulju Belt to highlight structural features that may host depositional trap sites for accumulating and concentrating these remobilised sulphides. This analysis will integrate current and historical datasets such as airborne geophysics, surface mapping and the newly acquired BOT sampling database to prioritise later drill testing.
Hotinvaara Metallurgical Test Program - Report Summary
The testwork was conducted by Blue Coast Research in Parksville, British Columbia, Canada and was initiated to develop a baseline metallurgical treatment scheme aimed at making a saleable grade nickel concentrate. Comminution and flotation data sufficient to provide cost input into a potential future economic study of the project were to be created, together with preliminary estimates of recoveries and concentrate quality.
Sixteen samples in total were selected to represent a variety of expected metallurgical response types. Most are siliceous samples from the predominant ultramafic unit spanning a range of nickel head grades and sulphide nickel contents, selected to provide a geospatially and geostatistically valid representation of the main ore body, albeit with a logical bias in favour of shallower samples.
Click here for the full ASX Release
This article includes content from Nordic Nickel, 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.
Surface Exploration Results Reveal Ni and Cu Geochem Targets
Nickel Price 2024 Year-End Review
Nickel markets have been underwhelming the past couple of years as an oversupply of the base metal exceeded demand. It was a trend that continued through the last quarter of 2024.
Indonesian supply was the primary force preventing a breakout in the nickel markets. The country continued to be the largest global source, with much of its nickel destined for Chinese-owned refineries in the country.
However, oversupply was also met with weak demand, as China’s economy continued to sputter after the COVID-19 pandemic. The Chinese housing and manufacturing markets are important demand drivers for nickel, which is used in stainless steel products.
Nickel price in Q4
Nickel reached its 2024 peak of US$21,615 per metric ton on May 20, but was back below the US$16,000 mark by the end of July. Following some volatility in August and September, the price of nickel gained momentum at the end of Q3, reaching US$18,221 on October 2.
However, the increased prices were not to last, and nickel spent much of the final quarter in a downward trend.
By the end of October, the price had fallen to US$15,732 before climbing back to US$16,607 on November 7.
Since then, the nickel market has seen some volatility but has continued its downward trend. On December 19, it slumped to its 2024 low of US$15,090. However, it saw some small gains, ending the year at US$15,300 on December 31.
Nickel price, Q4 2024.
Chart via Trading Economics.
Nickel’s weak prices are largely due to high output from Indonesia and low demand, particularly from Asian markets, as China’s recovery has failed to gain traction.
As a result, on December 19, it was reported that Indonesia is considering implementing cuts to mining quotas to boost prices. The move would see the country cut output by nearly half, from 272 million metric tons of ore produced in 2024 to 150 million metric tons in 2025.
Additionally, Indonesia is looking to tighten environmental regulation compliance for miners in the new year and could introduce increased volatility into metals markets, including nickel. The move comes not long after it signed several new agreements in November with Chinese companies that would see billions invested in nickel operations in Indonesia.
Indonesia had previously worked to distance itself from China’s partnerships as it sought to improve relations with the United States and be included under the US Inflation Reduction Act (IRA).
The new agreements emerged shortly after Donald Trump won the US presidential election on November 7. Trump’s return to the Oval Office is unlikely to bode well for Indonesian officials seeking to secure a trade deal with the United States. However, a loosening of rules in the IRA might create new inroads for Indonesian nickel producers.
How did nickel perform for the rest of the year?
Nickel price in Q1
The story since the start of the year has been high output from Indonesian operations.
Low prices saw some nickel producers, including First Quantum Minerals (TSX:FM,OTC Pink:FQVLF) and Australia’s Wyloo Metals, cut production. However, New Caledonia was most affected. The country is more dependent on the nickel sector, with industry giants like Glencore (LSE:GLEN,OTC Pink:GLCNF), Eramet (EPA:ERA) and raw materials trader Trafigura owning significant stakes in nickel producers in the country.
Ultimately, cuts there led to a 200 million euro bailout package from the French government, which exacerbated tensions over New Caledonia's independence from France. Opponents of the agreement argued it risks the territory's sovereignty and that the mining companies aren’t contributing enough to bail out the mines, which employ thousands.
Nickel price in Q2
The second quarter was defined by a surge in nickel prices.
Positive momentum began to work its way into the market at the end of Q1, as Indonesia experienced delays in approving mining output quotas and speculation grew that Russian nickel could be sanctioned by the US and UK.
On April 12, news broke that Washington and London had banned US and UK metal exchanges from admitting new aluminum, copper and nickel from Russia. Taking immediate effect, the prohibitions also halted the import of those metals causing the price to soar to a year-to-date high of US$21,615 on May 20.
At the time Joe Mazumdar, editor of Exploration Insights, suggested this move would have little impact on the sector.
“That nickel is still going to make it into the market, it’s just going to go to a different exchange, probably Shanghai … So I could still see that nickel moving and getting consumed in the global market — it’s just not coming to the west,” he explained to the Investing News Network in an interview.
Ultimately, by the end of the quarter, the price was trending toward US$17,000.
Nickel price in Q3
Nickel saw a strong end to the third quarter with the price rising above the US$18,000 mark.
Nickel found pricing support in September as the Chinese government introduced a raft of stimulus measures intended to boost economic growth in the country. Among the measures were a 0.5 percent interest rate cut on existing mortgages and a reduction in the downpayment required to purchase a home to 15 percent from 25 percent.
The announcement came alongside cuts at Chinese smelters as they were forced to deal with a shortage in feeder supply due to more delays to Indonesia’s permitting and quota system.
Investor takeaway
The nickel market is expected to remain oversupplied for some time.
With China’s economy on a slow path to recovery, demand will remain weak. Meanwhile, supply will likely hinge on if Indonesia chooses to make significant cuts to supply output.
While demand for nickel in electric vehicle batteries is expected to be up 27 percent year-on-year in 2024, producers have also been looking to alternatives that don’t require as much nickel. Additionally, more consumers are looking to plug-in hybrid vehicles with smaller batteries that require less nickel.
Even with the increased demand from the battery sector, nickel is primarily used in stainless steel products, which are still dominated by the Chinese manufacturing and real estate sectors.
Perhaps the most significant factors to consider are political. A new administration in the United States and a shift in the IRA's approach to sourcing critical metals like nickel could alter the landscape for nickel producers in 2025.
Don’t forget to follow us @INN_Resource for real-time news updates.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
ASX Nickel Stocks: 5 Biggest Nickel Mining Companies
Nickel has traditionally been used in alloys such as stainless steel. However, in recent years, growing demand for lithium-ion batteries has brought attention to its role in the quickly developing battery sector.
In Australia, the country's largest nickel-mining stocks are providing key support for both markets.
Nickel saw strong volatility in the first half of 2024 as Indonesian supply continued to flood the market, with some companies curtailing their production as the price fell below the US$16,000 per tonne mark in February.
A broad increase in commodities prices in April and May pushed nickel to a year-to-date high of US$21,615, but the base metal quickly fell again below the US$16,000 mark. Despite a boost past US$18,000 in early October, as of December 17, nickel prices were back down to US$15,775 per MT.
Given the challenges for nickel in 2024, share prices for many Australian producers have declined. With the long-term outlook for nickel being more robust, there may be opportunities for less risk-averse investors to find good entry points to the Australian nickel sector.
Below are the five largest nickel stocks on the ASX by market cap. Data for this list was gathered using TradingView's stock screener, and all values were accurate as of December 17, 2024.
1. BHP (ASX:BHP)
Market cap: AU$204.67 billion
Share price: AU$40.52
BHP is a diversified mining company with headquarters in Melbourne, Australia. Worldwide, BHP runs dozens of mines that span North and South America and Australia. The company produces nickel sulphide ore out of its operations in Western Australia's Northern Goldfields area. It covers the mining, development and production of nickel until both matte and metal are ready to be shipped to buyers. BHP sells over 85 percent of its nickel to the electric vehicle (EV) industry.
BHP is on its way toward net-zero nickel production. In September 2022, its Nickel West division signed a deal with renewable energy company Enel Green Power to begin construction of the Flat Rocks wind farm in Western Australia. The project is set to include 18 wind turbines, and they will be the tallest wind turbines in Western Australia. As of October 2023, more than half of the wind turbines were already in place. The first stage of the wind farm is expected to provide enough energy to power BHP's Kalgoorlie nickel smelter and Kambalda concentrator once complete.
In the operational review for its 2024 fiscal year, which ended on June 30, BHP reported production of 81,600 tonnes of nickel during the period, a 2 percent increase compared to its 2023 fiscal year. This came in at the middle range of its 2024 guidance, which was set at 77,000 to 87,000 tonnes.
In October, BHP temporarily suspended nickel production from its Nickel West operations due to oversupply and low prices, but will continue to invest in the site to enable a restart and support. It will review the decision by February 2027.
2. IGO (ASX:IGO)
Market cap: AU$3.79 billion
Share price: AU$5.09
IGO is a diversified miner that produces several different metals, but its focus is on its 100 percent owned Nova nickel-copper-cobalt operation. Nova is located in Western Australia's Fraser Range and primarily produces nickel.
The company's results for its first fiscal quarter of 2025 show that nickel production from Nova came in at 3,692 tonnes, down 42 percent from the previous quarter on reduced ore grades and a flow through to recoveries.
IGO's other nickel production operation is Forrestania, at which operations have now been put under care and maintenance as of the December quarter. Forrestania put out 802 tonnes in Q1, down 36 percent from the previous quarter due to the earlier than planned closure of the Spotted Quoll mine following a major seismic event in July.
IGO also has a 49 percent stake in the Tianqi Lithium Energy Australia joint venture with Tianqi Lithium (SZSE:002466,HKEX:9696). The joint venture has 51 percent ownership of Greenbushes, Australia's largest lithium mine.
3. Nickel Industries (ASX:NIC)
Market cap: AU$3.78 billion
Share price: AU$0.84
New South Wales-based Nickel Industries, formerly Nickel Mines, is a significant producer of nickel pig iron, a critical component in manufacturing stainless steel. The company began producing high-grade nickel matte for EVs in 2022.
Nickel Industries has 80 percent interests in multiple nickel rotary kiln electric furnace (RKEF) operations in Indonesia: Hengjaya Nickel, Oracle Nickel and Ranger Nickel in the Morowali Industrial Park, and Angel Nickel in the Weda Bay Industrial Park. It also has an 80 percent interest in the Hengjaya nickel mine near the Morowali Industrial Park.
In the company's 2023 annual report, it reported that its operations set a nickel production record of 131,126 tonnes. This included contained nickel in the 834,192 tonnes of nickel pig iron it produced with an average grade of 12.9 percent nickel, along with additional low-grade matte production of 119,822 tonnes grading 17.1 percent.
In its June quarterly report, the company reported that it had brought its interest in the Excelsior nickel-cobalt project up to 44 percent, an increase of 30.25 percent. The project is currently under construction and is expected to commissioned ahead of October 2025.
Nickel Industries September quarterly report highlighted that the period was the company's strongest quarter of the year, during which it delivered "over US$100 million in EBITDA from operations, a key contributor to this strong result was the record ore production and sales of almost 3 million wmt for the quarter from our Hengjaya Mine which delivered US$37.3 million in EBITDA."
4. Centaurus Metals (ASX:CTM)
Market cap: AU$183.78 million
Share price: AU$0.375
Centaurus Metals is a mining and development company based in Brazil. According to the company, its goal is to become a major supplier of nickel sulphide to help provide a cleaner and greener future. The firm has its sights set on the development of its wholly owned Jaguar nickel-copper-cobalt project, which is located in Brazil's Carajás mineral province.
On July 2, Centaurus released a feasibility study for Jaguar forecasting an after-tax net present value of AU$997 million with an internal rate of return of 31 percent and payback period of 2.7 years from first production.
The following month, the company released an updated mineral resource estimate of 138.2 million tonnes at 0.87 percent nickel for 1.2 million tonnes of contained nickel. This includes measured and indicated resources of 112.6 million tonnes at 0.87 percent nickel for 978,900 tonnes of contained nickel.
An underground scoping study is now underway on the high-grade nickel resource immediately below the feasibility study pit.
5. Ardea Resources (ASX:ARL)
Market cap: AU$69.89 million
Share price: AU$0.335
Ardea Resources is developing its wholly owned Kalgoorlie nickel-cobalt project in Western Australia, which includes the Goongarrie Hub deposit. The company has said the project “hosts the largest nickel-cobalt resource in the developed world.” Ardea is currently working toward a planned definitive feasibility study (DFS).
A 2023 prefeasibility study for Goongarrie Hub shows an ore reserve of 194.1 million tonnes at 0.7 percent nickel and 0.05 percent cobalt, resulting in 1.36 million tonnes of contained nickel and 99,000 tonnes of contained cobalt. The study indicates an open-pit operation with a 40 year life and annual output of 30,000 tonnes of nickel and 2,000 tonnes of cobalt.
In July 2023, the company signed a memorandum of understanding to develop Goongarrie Hub with a Japanese consortium consisting of Sumitomo Metal Mining (TSE:5713), Mitsubishi (TSE:8058) and Mitsui (TSE:8031). On February 29, Ardea shared that it has agreed with the consortium on a DFS budget and the scopes of work for the study.
The company announced on August 14, 2024, that it had been notified that the consortium had obtained approval from the Australian Foreign Investment Review Board for its investment; it also obtained merger control clearance from the Korea Fair Trade Commission.
Ardea is currently working to produce definitive feasibility study for the Kalgoorlie project, and provided an update on its progress in its September 2024 quarterly report.
FAQs for nickel investing
What is nickel used for?
Nickel has a variety of applications. Its main use is as an alloy material for products such as stainless steel, and it is also used for plating metals to reduce corrosion. As its name suggests, nickel is used in coins as well, such as the 5 cent nickel in Australia, the US and Canada; Australian and US nickels are made up of 25 percent nickel and 75 percent copper, while Canada's nickel has nickel plating that makes up 2 percent of its composition.
Nickel demand is increasing from EVs, where the metal is a component of certain lithium-ion battery compositions; it has gotten extra attention thanks to that purpose.
Is nickel a good investment?
Nickel's role in EV batteries has seen it gain increased investor attention. In fact, its price spiked to an all-time high in 2022, and it remains at levels not seen in over a decade. For investors looking to invest in green metals, nickel could be a strong choice, but everyone should perform their own due diligence to decide whether it is the right portfolio fit.
How to invest in a nickel ETF?
Although there are no pure-play nickel ETFs, some ETF options to add the metal to your portfolio include the iShares S&P/TSX Global Base Metals Index ETF (TSX:XBM) and the VanEck Green Metals ETF (ARCA:GMET).
Exchange-traded funds (ETFs) can be a good option for investors who prefer a safer approach to investing in a sector. ETFs can be purchased the same as any other stock, which means you can invest in them using stock brokers and investing apps.
Article by Melissa Pistilli; FAQs by Lauren Kelly.
This is an updated version of an article first published by the Investing News Network in 2018.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
5 Best-performing Canadian Nickel Stocks of 2024
After trending down in 2023, nickel prices climbed to a 10 month high in late May of this year. However, they've since pulled back to four-year lows. While this environment has been tough for nickel companies, some stocks are still thriving.
Supply is expected to outflank demand over the short term, but the longer-term outlook for the metal is strong. Demand from the electric vehicle (EV) industry is one reason nickel's outlook looks bright further into the future.
Battery nickel demand is poised to triple by 2030, according to Benchmark. “Mid and high level performance EVs will be the primary driver of battery nickel demand growth in the coming years, particularly in Western markets,” said Jorge Uzcategui, senior nickel analyst at Benchmark. “There will be growth in China, but it won’t be as pronounced as in ex-China markets.”
As for Canada, nickel is listed as a top priority in the government's Critical Minerals Strategy. The country is the world's fifth largest producer of nickel, with much of its production coming from mines in Ontario's Sudbury Basin, including Vale’s (NYSE:VALE) Sudbury operation and Glencore's (LSE:GLEN,OTC Pink:GLCNF) Sudbury Integrated Nickel Operations.
In February, Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF) announced its subsidiary NetZero Metals is planning to develop a US$1 billion nickel-processing plant in Ontario that will become North America’s largest once complete.
How have Canadian nickel stocks performed in 2024? Below are the top nickel stocks in Canada on the TSXV and CSE by share price performance so far this year. TSX stocks were considered, but didn't make the cut.
All year-to-date and share price data was obtained on December 13, 2024, using TradingView’s stock screener. The top nickel stocks in Canada listed had market caps above C$10 million at that time.
1. Class 1 Nickel and Technologies (CSE:NICO)
Year-to-date gain: 533.33 percent
Market cap: C$35.9 million
Share price: C$0.19
Class 1 Nickel and Technologies' flagship property is its Alexo-Dundonald nickel project near Timmins, Ontario. The past-producing asset hosts four nickel sulfide deposits. The company’s pipeline also includes the past-producing Somanike nickel-copper project near Val-d’Or, Québec, and the River Valley platinum group metals (PGMs) project near Sudbury, Ontario.
Class 1 Nickel released resource estimate updates for the Alexo South and Alexo North deposits in April and May of this year, respectively. The company said it expects to start work on a preliminary economic assessment for Alexo-Dundonald in the near term as part of its plan to bring the asset back into production.
On October 3, Class 1 Nickel put out an updated resource estimate for the Dundonald South nickel deposit. In the indicated category, the company reported a 781 percent increase in metric tons of ore and a 474 percent increase in pounds of nickel.
The Canadian nickel exploration company's share price started off the year at C$0.06, and began climbing in April to reach a year-to-date high of C$0.40 on November 18.
2. Power Nickel (TSXV:PNPN)
Year-to-date gain: 318.18 percent
Market cap: C$187.23 million
Share price: C$0.92
Power Nickel is developing its 80 percent owned Nisk polymetallic property in Québec, which hosts nickel, copper, platinum and palladium mineralization. According to the company, it plans to create Canada's first carbon-neutral nickel mine. The polymetallic nature of the project is a plus for the economic case for future nickel production in a low price environment.
This ongoing work has generated positive news flow for the company in 2024. After starting the year at C$0.24, Power Nickel began gaining in mid-April following two key announcements. First, the company released drill results from the newly discovered Lion zone 5 kilometers northeast of the main Nisk deposit. Shortly after, it announced the completion of its option to earn an 80 percent stake in Nisk from Critical Elements Lithium (TSXV:CRE,OTCQX:CRECF).
Power Nickel’s share price jumped more than 15 percent on May 10 to reach C$0.64 following news that drilling continued to expand the high-grade, near-surface Lion discovery, with notable assays including 14.42 meters at 0.59 grams per metric ton (g/t) gold, 69.14 g/t silver, 8.17 percent copper, 6.25 g/t palladium, 8.44 g/t platinum and 0.58 percent nickel.
In June, Power Nickel commenced an 8,000 meter summer drill program at Nisk, and closed a flow-through offering for gross proceeds of over C$20 million. Some of the biggest names in mining — Robert Friedland and Rob McEwen — participated.
The company's excellent news flow continued into the fourth quarter with a series of stellar drill results from its Nisk winter drill program, including significant intersections as shared in its October 3, October 28 and November 11 news releases. Additionally, on December 5, Power Nickel announced it was executing a spinout of its interest in the Golden Ivan property in Chile into a wholly owned subsidiary Chilean Metals.
Power Nickel continued to climb before peaking at a year-to-date high of C$0.96 on December 12. On that same day, the company released another set of positive assay results from its work at Nisk.
3. Magna Mining (TSXV:NICU)
Year-to-date gain: 234.15 percent
Market cap: C$214.48 million
Share price: C$1.37
Magna Mining is a base metal exploration and development company based in Sudbury, Ontario. The company’s flagship assets are the Shakespeare Mine and the Crean Hill project. Shakespeare is a past-producing, nickel-copper-platinum group mine with major permits in place. The current deposit at Shakespeare hosts an NI 43-101 indicated open pit resource of 14.4 million MT. Crean Hill is a past producing nickel, copper and PGM mine.
In March, Magna announced the signing of a definitive off-take agreement with Vale Base Metals wholly-owned subsidiary Vale Canada for the advanced exploration portion of the Crean Hill project. A few months later, in June, it inked a toll milling agreement with Glencore Canada for the surface bulk sample of the 109 Footwall Zone at Crean Hill.
The company entered into a definitive share purchase agreement with a subsidiary of KGHM Polska Miedz (FWB:KGHA) to acquire a portfolio of base metals assets located in the Sudbury Basin, including the producing McCreedy West copper-nickel mine. In November, Magna completed an updated preliminary economic assessment at Crean Hill.
Magna Mining's share price started off the year at C$0.57, and gradually climbing to double its value by September 13. It reached a year-to-date high of C$1.67 on December 4.
4. Tartisan Nickel (CSE:TN)
Year-to-date gain: 108.7 percent
Market cap: C$27.19 million
Share price: C$0.24
Tartisan Nickel s a Canadian battery metals exploration and development company focuses on developing the Kenbridge nickel-copper-cobalt project located in Northwestern Ontario, Canada.
Tartisan acquired additional exploration claims for the Kenbridge project in mid-May. In November, the company closed C$1.5 million in flow-through financing with proceeds primarily going to fund the exploration and development of the project.
Shares in Tartisan Nickel fluctuated significantly in 2024. The company kicked off the year at C$0.19 before falling to a low of C$0.10 on March 12. However, its share price climbed rapidly in May to reach a year-to-date high of C$0.26 on May 16. Although shares fell as low as C$0.12 in late June, its value had doubled back up to C$0.24 on December 13.
5. EV Nickel (TSXV:EVNI)
Year-to-date gain: 70.83 percent
Market cap: C$38.41 million
Share price: C$0.41
EV Nickel’s primary project is the 30,000 hectare Shaw Dome asset, which is situated near Timmins, Ontario. The property includes the high-grade W4 deposit, which has a resource of 2 million metric tons at 0.98 percent nickel for 43.3 million pounds of Class 1 nickel across the measured, indicated and inferred categories.
Shaw Dome also holds the large-scale CarLang A zone, which has a resource of 1 billion metric tons at 0.24 percent nickel for 5.3 billion pounds of Class 1 nickel across the indicated and inferred categories.
EV Nickel is working on integrating carbon capture and storage technology for large-scale clean nickel production, and has procured funding from the Canadian government and Ontario's provincial government. In late 2023, the company announced it was moving its carbon capture research and development to the pilot plant stage.
The company's news so far in 2024 includes the closure of a flow-through financing in March that ultimately saw EV Nickel raise C$5.12 million to fund the development of its high-grade, large-scale nickel resources.
In April, EV Nickel launched a 2024 exploration program that is aimed at advancing the CarLang trend and exploring other nickel targets. The most recent news out of the program came in early September with the announcement that diamond drilling at the Langmuir #2 high-priority nickel target had confirmed high-grade nickel, with intercepts such as 18.5 meters grading 1.07 percent nickel, 7.5 meters grading 1.67 percent nickel, 2 meters grading 3.27 percent nickel and 1 meter grading 5.11 percent nickel. EV Nickel described the results as "very encouraging."
The Canadian nickel exploration company's share price started off the year at C$0.30 before steadily climbing to reach a year-to-date high of C$0.79 on May 17.
FAQs for nickel investing
How to invest in nickel?
There are a variety of ways to invest in nickel, but stocks and exchange-traded products are the most common. Nickel-focused companies can be found globally on various exchanges, and through the use of a broker or a service such as an app, investors can purchase companies and products that match their investing outlook.
Before buying a nickel stock, potential investors should take time to research the companies they’re considering; they should also decide how many shares will be purchased, and what price they are willing to pay. With many options on the market, it's critical to complete due diligence before making any investment decisions.
Nickel stocks like those mentioned above could be a good option for investors interested in the space. Experienced investors can also look at nickel futures.
What is nickel used for?
Nickel has a variety of applications. Its main use is an alloy material for products such as stainless steel, and it is also used for plating metals to reduce corrosion. It is used in coins as well, such as the 5 cent nickel in the US and Canada; the US nickel is made up of 25 percent nickel and 75 percent copper, while Canada's nickel has nickel plating that makes up 2 percent of its composition.
Nickel's up-and-coming use is in electric vehicles as a component of certain lithium-ion battery compositions, and it has gotten extra attention because of that purpose.
Where is nickel mined?
The world's top nickel-producing countries are primarily in Asia: Indonesia, the Philippines and New Caledonia make up the top three. Rounding out the top five are Russia and Canada. Indonesia's production stands far ahead of the rest of the pack, with 2023 output of 1.8 million metric tons compared to the Philippines' 400,000 metric tons and New Caledonia's 230,000 metric tons.
Significant nickel miners include Norilsk Nickel (OTC Pink:NILSY,MCX:GMKN), Nickel Asia, BHP Group (NYSE:BHP,ASX:BHP,LSE:BHP) and Glencore (LSE:GLEN,OTC Pink:GLCNF).
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Canada Nickel Company is a client of the Investing News Network. This article is not paid-for content.
Accelerated Non-Renounceable Entitlement Offer Results
Blackstone Minerals Limited (ASX: BSX) (“Blackstone” or the “Company”) advises that the Company has completed its Accelerated Non-Renounceable Entitlement Offer as per the terms of the Prospectus dated 4 November 2024 (“Entitlement Offer”). As announced on 6 November 2024, the institutional component of the Entitlement Offer was completed raising approximately $550k from Nanjia Capital Limited and its controlled entities.
Under the Entitlement Offer, eligible shareholders were invited to subscribe for one (1) New Share for every four (4) existing Shares held at an offer price of $0.03 per share.
The Company has now closed the retail component of the Entitlement Offer with applications totalling 2,767,788 shares including additional acceptances to be issued at $0.03 on top of the 18,650,023 shares issued under the institutional component of the Entitlement Offer on 15 November 2024. In accordance with the timetable, the New Shares will be issued on or before 4 December 2024.
The retail component of the Entitlement Offer is partially underwritten by Nanjia Capital Limited “(Nanjia”) for the amount of approximately $1.09m. Accordingly, Nanjia will now subscribe for 36,349,900 New Shares in accordance with the underwriting arrangements summarised in section 7.4(b) of the Prospectus and the Company expects to finalise this process within the next week.
Shortfall Share Placement
A total of 74,946,591 New Shares were not taken up under the Entitlement Offer by eligible securityholders or issued to Nanjia as underwriter (“Shortfall Shares’”) The directors will work with the lead manager to the Entitlement Offer and the major shareholders to place the shortfall within three (3) months of the closing date, subject to requirements of the ASX Listing Rules and Corporations Act 20021 (Cth) continuing to be met. Please refer to the Prospectus dated 4 November 2024 for further details on the issue of the shortfall.
Click here for the full ASX Release
This article includes content from Blackstone Minerals, 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.
Tartisan Nickel Corp. Closes $1,500,000 Flow-Through Financing at $0.24 per Share with a Thirteen Month Escrow Period
Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA)("Tartisan" or the "Company") is pleased to announce that the Company has closed $1,500,000.00 in flow-through financing with a Thirteen-month escrow period. 6,250,000 flow-through shares of the Company have been issued at the price of $0.24 per share for an aggregate subscription price of $1,500,000. The flow through shares are subject to a thirteen ("13") month escrow period from the Closing date. A 5% commission was paid to agents.
The proceeds from the flow-through financing are primarily being used to fund the exploration, development, and advancement of the Company's flagship Kenbridge Nickel Project, Atikwa Lake Area, Kenora Mining District, Ontario.
About Tartisan Nickel Corp.
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company which owns; the Kenbridge Nickel Project in northwestern Ontario; the Sill Lake Silver Property in Sault Ste. Marie, Ontario as well as the Night Danger Turtle Pond project in northwestern Ontario.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange CSE: TN) (OTCQB: TTSRF) (FSE: 8TA). Currently, there are 128,219,004 shares outstanding (133,719,004 fully diluted).
For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedarplus.ca.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
FPX Nickel
Investor Insight
As FPX Nickel strengthens its position in the critical metals space, investors seeking exposure to the green energy transition may find FPX Nickel an intriguing prospect, given its potential to become a low-cost, environmentally responsible nickel producer in a stable jurisdiction.
Overview
FPX Nickel (TSXV:FPX,OTXQB:FPOCF) is an exploration and development company focused on its advanced-development-stage Tier 1 Baptiste project in the Decar Nickel District in central British Columbia. The project has the potential to supply high-concentration nickel and cobalt sulfates suitable for the growing electric vehicle battery industry, as well as more traditional markets for nickel, such as stainless steel.
Nickel plays a vital role in electric vehicle (EV) and battery manufacturing, a sector that sees rapid expansion year after year. Market research projects a growing nickel demand for EVs to reach 1.3 million metric tonnes per annum by 2030, as nickel content in electric vehicles increases to over 40 kilograms per car battery.
Despite its significant role in powering a global shift to greener energies, analysts also project an undersupply of nickel for the next several years due to decreasing production and a lack of new active mines. Mining companies advancing high-margin nickel projects offer investors exposure to a market with great economic growth and success potential.
FPX Nickel’s Baptiste project leverages a 2023 preliminary feasibility study( PFS) and an updated mineral resource estimate that includes total nickel and potential by-product elements, cobalt and iron.
The PFS for Baptiste indicated an after-tax NPV of $2.01 billion and an IRR of 18.6 percent at $8.75-pound nickel for a 29-year mine life producing an average of 59,100 tonnes of nickel per year.
The positive geological interpretation of the Van target at the Decar Nickel District offers further blue-sky potential for the Baptiste project, potentially mimicking the successes of its geographic neighbors in central British Columbia, such as Artemis Gold’s C$1.8 billion Blackwater Gold open-pit project.
The Baptiste project presents FPX Nickel with the potential to produce nickel at a significantly lower carbon footprint than other sources of production in the global nickel industry. Recent leach testing of awaruite nickel concentrates produced from Baptiste achieved nickel recoveries of 98.8 percent to 99.5 percent in producing a high-purity chemical solution containing 69.4 to 70.1 g/L nickel.
In keeping with FPX Nickel’s aim to build a carbon-neutral mining operation at the Baptiste project, the company co-founded a multi-university research program to study carbon capture and storage at mining sites. The program is in collaboration with Anglo-American majority-owned (LSE:AAL,OTCQX:AAUKF) DeBeers, and the Government of Canada.
Metallurgical testing conducted by FPX Nickel for the production of high-grade (> 65 percent nickel) awaruite concentrate has included three campaigns with successful pilot-scale test work. This large-scale pilot test work validates the processing strategy for Baptiste, leveraging awaruite's ferromagnetism, high density, active surface properties, and very high nickel content.
Baptiste’s awaruite mineralization promotes a simple three-stage process for the production of nickel sulphate from concentrate. It has the potential to be more efficient than the typical five-stage process required to convert sulphide and laterite ores into nickel sulphate. Rapid nickel extraction of more than 98 percent in 60 minutes is achieved under mild pressure leaching conditions with significantly lower equipment size/risk, power consumption, pressure and temperature requirements than typical high-pressure acid leach (HPAL) operations.
In January 2024, FPX Nickel closed a C$14.4 million strategic equity investment from Sumitomo Metal Mining. Net proceeds of the private placement will be used to fund exploration and development activities at its Baptiste nickel‎ project, and continue ‎‎ongoing environmental baseline activities, feasibility study readiness activities, and ‎‎general corporate and administrative purposes.
FPX Nickel’s partially-owned subsidiary CO2 Lock, specializing in carbon capture and storage (CCS) via permanent mineralization, has completed a comprehensive field program at its SAM site in central British Columbia including the first-ever successful injection of CO2 into a brucite-rich ultramafic mineral project. This achievement marks a significant milestone in the development of CO2 Lock's innovative in-situ CO2 mineralization technology.
FPX Nickel’s management team consists of highly experienced capital markets and mining professionals, including Canadian Mining Hall of Fame member Dr. Peter Bradshaw, and veteran geologist Rob Pease.
Company Highlights
- FPX Nickel is a Canadian resource company focused on exploring and developing its wholly owned advanced-development-stage Baptiste nickel project in the Decar Nickel District, central British Columbia.
- The company favorably leverages low-cost operation and mining best practices. It is advancing one of the few major nickel deposits in the mining-friendly jurisdiction of British Columbia.
- The Baptiste property hosts high-tenor nickel mineralization with low impurities and little to no sulfides. The high-value nickel product has potential applications for direct feed to the stainless steel or the electric vehicle battery market, with high projected recoveries and low estimated operating cost.
- FPX Nickel operates a tight share structure consisting largely of management (which holds 14 percent of the company’s shares) and three large corporate strategic investors (which collectively hold 30 percent of the company).
- Baptiste offers a tremendous opportunity for lowering the carbon footprint of nickel.
- Preliminary feasibility study for Baptiste indicated an after-tax NPV of $2.01 billion and IRR of 18.6 percent at $ 8.75-pound nickel for a 29-year mine life producing an average of 59,100 tonnes per year of nickel.
- In early 2024, FPX Nickel closed a C$14.4 million in private placement financing from Sumitomo Metal Mining Canada (SMCL), a wholly owned subsidiary of Sumitomo Metal Mining (TSE:5713)
- The company has commenced the development of a standalone nickel sulphate refinery study which will be completed in the first quarter of 2025.
Key Project
Decar Nickel District - Baptiste Project
The Decar Nickel District covers over 410 square kilometers and is 80 kilometers west of the Mt. Milligan mine, central British Columbia. The property hosts the highly prospective Baptiste nickel project, which is one of the world’s largest development-stage nickel projects. The asset is accessible via logging and paved roads, with railway and hydropower nearby.
Baptiste hosts nickel-iron alloy mineralization, with NI 43-101 compliant indicated resources at an average grade of 0.123 percent DTR nickel for 2.3 million tons and 391 million tonnes of inferred resources with an average grade of 0.115 percent DTR nickel.
In September 2022, the company completed a 2,504-meter step-out drilling program at its Van target, located 6 km north of Baptiste in the Decar Nickel District. The completed holes stepped out aggressively from the initial discovery area, testing the potential for nickel mineralization up to 1 kilometer west of the holes drilled in 2021.
Baptiste Project 2023 PFS
In 2023, the company released the preliminary feasibility study results for the Baptiste nickel project indicating an average production of 59,100 tons of nickel per year in concentrate over a 29-year mine life. The project will be developed in a phased approach, with an initial mill throughput rate of 108,000 tons per day (Phase 1), followed by an expansion to 162,000 tons per day (Phase 2).
In line with the project’s robust economics, FPX Nickel has commenced the development of a standalone nickel sulphate refinery study which will be completed in the first quarter of 2025.
In 2023, FPX Nickel signed a non-binding memorandum of understanding with Japan Organization for Metals and Energy Security (JOGMEC) and the Prime Planet Energy & Solutions (PPES) joint venture between Toyota Motor Company and Panasonic, setting out a framework for FPX and PPES to explore collaborative opportunities for the vertical integration of nickel production at the Baptiste project and the production of nickel sulphate and cathode active materials for the PPES supply chain.
In 2024, FPX Nickel completed pilot-scale hydrometallurgy refinery testwork and produced battery-grade nickel sulphate. This milestone marks the completion of the campaign funded in part by a grant from Natural Resources Canada (NRCan) under the Government of Canada's Critical Minerals Research, Development and Demonstration (CMRDD) program.
Management Team
Martin Turenne - President, CEO and Director
Martin Turenne is a senior executive with over 15 years of experience in the commodities industry, including over five years in the mining industry. He has extensive leadership experience in strategic management, fundraising, economic analysis, financial reporting, regulatory compliance and corporate tax. Turenne formerly served as CFO of First Point Minerals Corp. from 2012 to 2015 and in positions at KPMG LLP and Methanex Corporation. He is a member of the Canadian Institute of Chartered Accountants.
Andrew Osterloh - Vice-president, Projects
With more than 20 years in the industry, Andrew Osterloh is experienced in process engineering, plant metallurgy and project management. He was formerly the project director and head of studies for Fluor Canada, leading feasibility study work for large base metal assets. He was formerly project director and manager of studies for Fluor Canada, where he led feasibility studies for several large base metal assets in the Americas for Glencore, Freeport-McMoRan, Teck and Newmont. Osterloh is a member of the Association of Professional Engineers of British Columbia and holds a Bachelor of Applied Science in mineral process engineering from the University of British Columbia.
Felicia de la Paz - Chief Financial Officer and Corporate Secretary
Felicia de la Paz started her professional career with KPMG LLP's audit practice in Vancouver, culminating with her role as a senior manager leading large teams in the execution of audit engagements for a variety of large and complex organizations across multiple industries. After joining Equinox Gold as the corporate controller in 2017, she was part of a core financial leadership team overseeing corporate accounting, financial reporting and system development, managing the successful integration of several new acquisitions across multiple jurisdictions, including both operating mines and large-scale development projects. She acted as the vice-president of finance for Vida Carbon, a carbon royalty and streaming company, and has more recently been providing financial and systems advisory services to public companies in the mining sector. She is a chartered professional accountant and holds a Bachelor of Commerce (Honours) from the University of British Columbia.
Dr. Peter M. D. Bradshaw - Chairman
Dr. Peter Bradshaw is a geologist with more than 45 years of international mineral exploration experience in over 30 countries with Barringer Research, Placer Dome, and Orvana Minerals. He is a member of the Canadian Mining Hall of Fame. Bradshaw’s key discoveries and project involvement include Porgera Gold Mine, Papua New Guinea; Kidston Gold Mine, Queensland, Australia; Misima Gold Mine, Papua New Guinea; Big Bell Gold Mine, Western Australia; Omai Gold Mine, Guyana; Decar Nickel Project, British Columbia, Canada; director of Aquila Resources; co-founder and first chairman of the Mineral Deposit Research Unit, University of British Columbia.
Nigel Fisher - Director, Environment
Nigel Fisher brings 20 years' experience leading environmental assessments, permitting and management systems, developing and executing on regulatory strategy and advancing governance and funding agreements with Indigenous governments across British Columbia. He has held progressively senior roles with New Gold, Teck Resources, Woodfibre LNG, and most recently, Skeena Resources as director of environment and regulatory affairs. In his prior roles, he successfully obtained multiple regulatory approvals for large-scale resource projects while maintaining compliance with existing and changing legislation.
Jarett Lalonde - Director, Government and Public Affairs
Jarett Lalonde is a highly regarded public affairs leader with over 20 years' experience in the natural resources, technology and regulated products sectors. In his most recent role as global head of product policy at Shopify, Lalonde was instrumental in crafting compelling public affairs narratives for the company's diverse product offerings, and spearheading engagement with policy makers across North America and Europe. Before joining Shopify, he worked with Global Public Affairs, a leading government relations and strategic communications firm, where he performed advisory work for numerous companies advancing large-scale natural resource projects in British Columbia and across Canada. Lalonde previously served as chief of staff to the Attorney General & Minister of Justice for the province of British Columbia, and as policy advisor to the Minister of Natural Resources Canada.
Rob Pease - Director
Rob Pease is a geologist with more than 30 years of experience in exploration, mine development and construction. He is the former CEO of Terrane Metals, acquired by Thompson Creek for C$650 million. Pease was also the former director of Richfield Ventures, acquired by New Gold for C$500 million. He is a director of Pure Gold Mining Inc. and Liberty Gold.
William H. Myckatyn - Director
William Myckatyn is a mining engineer with more than 34 years of experience in the mining industry. Myckatyn is the founder and CEO of Quadra Mining Ltd. He served as chairman and subsequently co-chairman of Quadra FNX Mining until its takeover in 2012. Prior to this, Myckatyn was chairman, president and CEO of Dayton Mining., where he led the restructuring and merger with Pacific Rim Mining. He was the former president and CEO of Princeton Mining and Gibraltar Mines. For over 17 years, he worked for various operations controlled by Placer Dome and its associated predecessor companies, including four separate mines in Australia and the Philippines. He is a director of San Marco Resources and OceanaGold.
Peter Marshall - Director
Peter Marshall is a mining engineer with 30 years of experience in mine development and construction. Marshall was formerly VP of project development at New Gold and SVP project development at Terrane Metals. He has extensive mine development experience in central British Columbia, including completing the Blackwater gold project feasibility study and development, and early construction of Mt. Milligan copper-gold mine, acquired by Thompson Creek for C$650 million in 2010.
James S. Gilbert, - Director
James Gilbert has more than 30 years of investment and transaction execution experience, with more than 20 years focused on the international mining and metals industry. Gilbert held senior management positions with Rothschild, Gerald Metals Inc. and Minera S.A., a private mining investment company. His experience covers mergers and acquisitions, debt and equity financing, off-take and specialty refining agreements, joint venture negotiations and strategic marketing. He was formerly director of AQM Copper Inc., acquired by Teck Resources in 2016.
Anne Currie - Director
Anne Currie is a recognized leader in the permitting of major Canadian mining projects, with over 30 years of experience in the private and public sector, including as a former senior partner with leading global consultancy Environmental Resources Management. She was British Columbia's chief gold commissioner, the chief regulatory authority for the Mineral Tenure Act., and has an exceptional track record in steering the environmental assessment and permitting processes for major mining projects in British Columbia, including for the KSM, Brucejack, Kemess Underground and Blackwater projects.
Kim Baird - Director
Kim Baird is an accomplished leader and strategic advisor working with indigenous communities, governments, businesses and other organizations. In her prior role as the elected chief of the Tsawwassen First Nation, she negotiated and implemented British Columbia's first modern urban treaty, establishing for the Tsawwassen People ownership and governance over their land and resources.
Dan Apai - Engineering Manager
Dan Apai has over twenty years of mining industry experience in civil engineering and engineering management over a diverse range of projects. In his previous role as a principal civil engineer for Fluor Canada, he led the study and detailed engineering works for numerous large-scale mining projects for clients including Teck, Newmont, BHP, First Quantum, Glencore, Josemaria Resources and Newcrest. Apai's technical expertise includes site layout, earthworks, water management, linear facilities (i.e., roads, powerlines, pipelines), and water supply systems – all elements that strongly influence the capital intensity, permitability, and operability of mining projects. Apai is a member of the Association of Professional Engineers of British Columbia and holds a Bachelor of Engineering from the University of Western Australia.
Tim Bekhuys - SVP, Sustainability and External Relations
Tim Bekhuys is a senior mining executive with over 40 years’ experience in community engagement, environmental assessment and permitting. He was formerly VP environment, health, safety and sustainability for SSR Mining, where he led all aspects of sustainability reporting, environmental assessment and permitting activities. He also previously acted as director of environment and sustainability for New Gold, where he successfully led the government, permitting, Indigenous and community relations programs for the Blackwater project in central B.C. Bekhuys was a former member of the boards of directors of the Association for Mineral Exploration British Columbia, the Mining Association of British Columbia, and the Mining Association of Canada.
Keith Patterson - Vice-president, Generative Exploration
Keith Patterson is a senior geologist with over 25 years’ experience in greenfield exploration throughout North America, South America, Europe and Asia. He was formerly director of project generation and greenfield strategy with Eldorado Gold where he managed global exploration and project generation. Patterson acted as vice-president of exploration for Jinshan Gold Mines where he was responsible for the execution of exploration programs and project evaluations in China. He is a registered professional geoscientist with the Engineers and Geoscientists of British Columbia and holds a Master of Geological Sciences and a Bachelor of Geological Engineering, both from the University of British Columbia.
Latest News
Latest Press Releases
Related News
TOP STOCKS
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.