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Victory Nickel Provides Corporate and Operations Update
Aug. 16, 2017 08:39AM PST
Base Metals Investing
Victory Nickel (“Victory Nickel” or the “Company”) (CSE: NI, www.victorynickel.ca) today provided an update on corporate and operating activity. Nickel Assets While frac sand has been the focus of management’s efforts over the past several years, the Company’s nickel projects remain valuable assets. Relative to the past several years, the nickel price has been performing well …
Victory Nickel (“Victory Nickel” or the “Company”) (CSE: NI, www.victorynickel.ca) today provided an update on corporate and operating activity.
Nickel Assets
While frac sand has been the focus of management’s efforts over the past several years, the Company’s nickel projects remain valuable assets. Relative to the past several years, the nickel price has been performing well recently.
According to Bloomberg, demand for nickel is forecast to increase dramatically through 2030, driven in large part by rising sales of electric vehicles and the fact that electric vehicle batteries typically contain more nickel than they do lithium.
With one of the largest undeveloped in-situ sulphide nickel resources in Canada situated in two of the world’s top ten most favourable mining jurisdictions – Manitoba and Quebec — Victory Nickel is well positioned to take advantage of this significant market shift.
About Victory Nickel
Victory Nickel is a Canadian company with four sulphide nickel deposits containing significant NI 43-101-compliant nickel resources and a significant frac sand resource at its Minago project.