- Nickel Creek Platinum is focused on the Nickel Shäw project, which hosts one of the most promising deposits for nickel, copper, cobalt, and PGMs in the world thanks to pre-existing regional infrastructure and an expansive open-pit potential.
- The Nickel Shäw project location is ideal and low-risk, offering access to the Alaska Highway. The company has long-term relationships with large institutional shareholders, and management has proven experience in related markets and project operations.
- Nickel in general is a vital component in battery technologies and will have a variety of uses for the growing electric vehicle market.
- Nickel Creek Platinum is dedicated not only to providing value for shareholders but also achieving a carbon neutral future in a way that is socially responsible. The organization is working with First Nations groups as well as local governments to minimize waste and promote positive environmental and social impacts.
Future demand for nickel is projected to reach an all-time high, with much of that growth coming from the electric vehicle industry. Within that industry alone, global nickel demand is expected to reach 2.6Mt by 2040 compared to only 92kt in 2020. Specifically, nickel is an important component of EV batteries, and the resulting demand is projected to rise 64 percent between 2019 and 2025 according to research firm Wood Mackenzie.Generating enough supply, however, is a continuing challenge. The nickel industry is slow to increase capacity efficiently, requiring significant shifts upward in nickel prices as demand rises before there is a supply response. High-profile industry experts like Robert Friedland, Executive Co-Chairman of Ivanhoe Mines and Elon Musk, CEO of Tesla, have expressed a need for more nickel production in the future, while CEO and Chairman of General Motors, Mary Barra, stated the need for electric vehicles in the future. Major automotive manufacturers have committed to hybrid and electric vehicles, and international government policies from the US, EU and China aim to continue this trend towards zero carbon emissions by 2050.