Company Highlights
- EV Nickel’s Langmuir Nickel project near Timmins, Ontario has a historical indicated resource in the W4 Zone of 677,000 tons at grades of 1.00 percent nickel and 0.06 percent copper from 2010.
- The project is near multiple nickel end-users, including Tesla.
- The project also has a historical inferred resource of 171,000 tons at grades of 0.91 percent nickel and 0.06 percent copper.
- The geology found in Shaw Dome has a strong resemblance to Western Australia’s Kambalda Dome which produced ~51Mt from 1968 to 2020.
- The inaugural drill program at the Langmuir Nickel Project produced Extremely high-grade nickel associated with W4 Zone including 8.66 percent Ni over 1.11 metres in hole EV21-01
- EV Nickel plans to stake 1,088 claims, over almost 21,000 hectares of prospective land to the north, west and south of the Company's Langmuir Project
Overview
In 2022, analysts are predicting that nickel prices will remain strong or at high levels despite a rocky first half of 2021. Driving this demand is predominantly stainless steel, with electric vehicle batteries continuing to pick up pace. However, not all nickel is created equal when it comes to batteries. The only type qualified for use in electric vehicle batteries is Class 1 nickel, which is usually found in sulfide deposits and has a much higher nickel content.
Given the attractiveness of nickel sulfide, attention is focusing on new and potential nickel sulfide deposits. Timmins in Ontario, Canada, is a world-class mining camp primarily known for gold, but recently, Canada Nickel (TSXV:CNC) announced that it could potentially expand a district-scale nickel sulfide deposit north of the city.
Twenty-five kilometers southeast of Timmins, EV Nickel (TSXV:EVNI) is looking to fill the huge demand for the base metal. The company’s prospective Langmuir Nickel project is a high-grade nickel sulfide project with a historical resource with 30 kilometers of additional strike length on the property. EV Nickel boasts a significant land package of approximately 9,100 hectares that is strategically located in the Shaw Dome, near multiple nickel end users, including Tesla (NASDAQ:TSLA), Detroit Peers, NIO (NYSE:NIO), SBE Canada and Rivian Automotive (NASDAQ:RIVN).
The Langmuir Nickel project is located in the Shaw Dome, a prospective nickel belt region that bears a strong resemblance to the Kambalda Dome in Western Australia that mined ~51Mt grading 3.1 percent nickel from 1968 to 2020. The Shaw Dome hosts Kambalda-style nickel sulfide mineralization occurring in ultramafic flows and sills. Eighty square kilometers of historical, favorable komatiitic units are found within EV Nickel’s property. EV Nickel announced its intent to acquire 1,088 claims1,088 claims, over almost 21,000 hectares of prospective land, from a private vendor located mainly in the highly prospective Shaw Dome to the north, west and south of the Langmuir Project.
The company is fully focused on three fronts: to find more nickel at Langmuir, secure more land in the Shaw Dome and create a Clean Nickelâ„¢ business.
Company Highlights
- EV Nickel’s Langmuir Nickel project near Timmins, Ontario has a historical indicated resource in the W4 Zone of 677,000 tons at grades of 1.00 percent nickel and 0.06 percent copper from 2010.
- The project is near multiple nickel end-users, including Tesla.
- The project also has a historical inferred resource of 171,000 tons at grades of 0.91 percent nickel and 0.06 percent copper.
- The geology found in Shaw Dome has a strong resemblance to Western Australia’s Kambalda Dome which produced ~51Mt from 1968 to 2020.
- The inaugural drill program at the Langmuir Nickel Project produced Extremely high-grade nickel associated with W4 Zone including 8.66 percent Ni over 1.11 metres in hole EV21-01
- EV Nickel plans to stake 1,088 claims, over almost 21,000 hectares of prospective land to the north, west and south of the Company's Langmuir Project
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