Power Nickel CEO Terry Lynch said, ”We can become net positive in terms of being able to consume carbon dioxide, earn credits and benefit the project financially.”
Power Nickel CEO Terry Lynch: Positioned to Support the Green Revolutionyoutu.be
Power Nickel’s (TSXV:PNPN) NISK nickel sulfide project near James Bay in Quebec has the potential to become Canada’s next nickel sulfide mine and one of the greenest sources of Class 1 nickel in history, according to Power Nickel CEO Terry Lynch.
“Nickel is becoming so important because it's probably the most efficient storage metal for chemical composition in batteries. We can, obviously, support the green revolution,” said Lynch after the company released an initial NI 43-101 compliant mineral resource estimate.
“We were very pleased to produce our inaugural NI 43-101, basically close to 4 million tonnes of indicated and inferred resource, about 1.25 percent nickel equivalent," Lynch said. "We use very conservative numbers. Through simple infill drilling techniques, we could easily probably add another couple million tonnes to that."
The mineral resource estimate on the NISK nickel sulfide project shows more than 2.5 million indicated tonnes at 1.2 percent nickel equivalent and 1.4 million inferred tonnes at 1.29 percent nickel equivalent. According to the company, the resource update has demonstrated to the market the very strong probability that the NISK project could realistically become Canada’s next nickel sulfide mine.
In March 2022, Power Nickel announced a follow-up 5,000 meter program. “We're super excited about our next already announced and financed 5,000 meter program, which is going to start in August. Our geological team feels that this project ultimately will be like the Lynn Lake project, which was 22 million tonnes, or Voisey's Bay — that’s over 50 million tonnes. We're thinking we're going to be somewhere in between there.”
Power Nickel is also developing its NISK project into one of the greenest sources of Class 1 nickel in history, according to the company. The project is located across the road from a major Hydro-Quebec substation, which can power everything with green energy. Additionally, because the mine would be a small, open-pit operation, it would have a very small footprint. Lynch also said that the company is working with cutting-edge carbon technology firms in conducting studies on how erudite rocks, which carry nickel, absorb carbon dioxide. ”We can become net positive in terms of being able to consume carbon dioxide, earn credits and benefit the project financially.”
Watch the full interview of Power Nickel CEO Terry Lynch above.
Disclaimer: This interview is sponsored by Power Nickel (TSXV:PNPN). This interview provides information which was sourced by the Investing News Network (INN) and approved by Power Nickel in order to help investors learn more about the company. Power Nickel is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
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 Power Nickel and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, 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 issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.