- Metal Energy is focused on high-grade nickel projects in politically stable and mining-friendly jurisdictions in Canada.
- The company’s flagship project, Manibridge, encompasses a high-grade nickel past-producing mine within the historically prolific Thompson Nickel Belt, known for producing billions of pounds of high-grade nickel since 1961.
- A drilling program recently began at Manibridge that aims to confirm historic results and expand the known occurrences of high-grade nickel.
- The Strange Project is located within a geological region in Ontario that is already home to high-grade nickel and copper projects.
- The company is led by a diverse management team with multiple past successes that they believe they can repeat with the company’s nickel projects.
- Metal Energy is part of the Ore Group, providing access to additional financial and technical expertise.
Nickel has long been used in the production of stainless steel, but as the world races towards widespread adoption of green technologies, such as electric vehicles and renewable energy sources, the metal is becoming increasingly attractive for its role in high-capacity batteries. The green metal recently skyrocketed a historic 250 percent in two days, the largest-ever increase for nickel on the London Metals Exchange (LME). Russia’s invasion of Ukraine is the presumed catalyst, as Russia is the third-largest producer of nickel. LME halted trading for the day on March 8th due to rapidly crossing the US$100,000 per tonne threshold and then receding to US$80,000 per tonne before trading halted.
Even before Russia’s invasion of Ukraine, nickel had a positive outlook for 2022 after it surpassed expectations in 2021 with the metal ending in a deficit. Stainless steel is expected to remain the key driver of nickel demand for 2022, but the usage of nickel cathodes in long-range electric vehicle (EV) batteries is strengthening momentum. Some market analysts anticipate a “supercycle like no other” for the various metals necessary for the world to transition to green energy and the electrification of things.
The supercycle will go down as historically important as it is aims to replace centuries of dedicated fossil fuel use. The demand for nickel in green technologies is still gaining momentum, presenting mining companies with a unique opportunity: act pre-emptively to achieve a sustainable long-term market position. Governments around the world have made promises to transition to clean energy, a strong indication of the anticipated supercycle. Canada alone has promised that all of its electricity and all new cars sold will be zero-emission by 2035 – more clean energy metals are necessary to achieve that goal. Where will they come from?
Metal Energy (TSXV:MERG) is a well-funded battery metal exploration company focused primarily on nickel. The company has two projects in politically stable jurisdictions in Canada: Manitoba and Ontario. With a strong management team in place, the company is poised to capitalize on areas known for high-grade nickel deposits. Metal Energy’s flagship project, Manibridge, covers 4,368 hectares within the renowned Thompson Nickel Belt in Manitoba. The company recently acquired 49 percent interest in this project, per option to earn a full 100 percent of Manibridge.