The world is charging towards a future powered by clean energy. Batteries are a vital part of that transition, as they are essential in electric vehicles (EVs) and for storing the electricity generated by renewable technologies. The global battery market is expected to grow by a compound annual growth rate (CAGR) of 8.2 percent between 2019 and 2027 as it grows from US$11.3 billion to US$20.5 billion in 2027. A more recent forecast indicates that global demand will reach US$32 billion by 2028, growing by a CAGR of 12.9 percent.
People tend to think of lithium as the main element for future technologies. While important, we’ll need a diverse range of metals to manufacture the sophisticated batteries green technologies require. Nickel is one such element that has catalytic and electromagnetic properties that make it a valuable element in battery technology. In addition, nickel, cobalt and platinum group metals are now considered critical minerals by the Canadian government for their importance in clean technologies. Both the United States and Canada are significantly investing in building a domestic supply of the critical metals used in battery manufacturing.
Voltage Metals (CSE:VOLT
, OTCQB:VLTMF) is a Canada-based exploration company focused on the metals necessary for batteries, including nickel, copper, cobalt and platinum group metals. Nickel is an essential metal for the company, as it understands its crucial role in the future of EVs and other green technologies. In general, nickel-focused mining companies typically choose whether to pursue high-grade or high-quantity nickel resources. Voltage Metals is pursuing high-grade nickel that surpasses its peers
The company has a diverse portfolio consisting of three primary and four secondary assets. Voltage Metals’ flagship property is the St. Laurent Project near Timmins, Ontario, in proximity to notable mines: 20 kilometers southwest is Hecla Mining’s Casa Berardi Mine, 50 kilometers south is Kirkland Lake Gold’s Detour Lake Mine, and 100 kilometers southwest is Wallbridge
Mining’s Grasset nickel-copper-cobalt-platinum-group-elements deposit. The St. Laurent Project encompasses massive sulfide targets that contain high-grade deposits of nickel, copper, cobalt, and platinum group metals. Additional airborne exploration has indicated the presence of an anomalous nickel deposit that will be the focus of future exploration initiatives.
Wheeler and Montcalm, Voltage Metals' other primary assets, show additional promise for exciting battery metal discoveries. The Wheeler Project located in southwestern Newfoundland and Labrador hosts mineralization containing nickel, copper, cobalt and chromium deposits. Meanwhile, the Montcalm Project in Timmins, Ontario, covers a large land area that encompasses a past-producing nickel, copper and cobalt mine. Combined, all three projects have the potential to help build a domestic supply of critical battery metals.
Voltage Metals is led by a management team of experienced explorers and geologists. Bob Breese, CEO and director, has firsthand experience managing mining operations in Nevada and Falconbridge’s Montcalm mine. Jay Freeman, chairman and director, specializes in corporate and commercial law and corporate financial management. Along with a technical team of geologists, Voltage Metals has the right leaders to capitalize on its promising assets.
- Voltage Metals is a Canada-based exploration company targeting nickel and other battery metals that have been deemed critical by the Canadian government.
- The company has a diverse portfolio of three primary and four secondary assets.
- St. Laurent is Voltage Metals’ flagship project, and past exploration has indicated the presence of high-grade nickel. In addition, airborne survey results indicate an anomalous deposit that may contain additional high-grade nickel and will be the focus of future exploration.
- The Montcalm and Wheeler projects contain promising historical exploration data that indicate high-grade battery metal deposits.
- Management has experience ranging from operations to corporate finance. The management team has all the expertise necessary to lead the company to explore its exciting properties.
St. Laurent Project
As the company’s flagship project, St. Laurent covers 42 square kilometers in an active mining region in Ontario. Ongoing exploration programs aim to confirm historical data that indicates the presence of high-grade nickel and other battery metals. In addition, the presence of nearby active mines builds confidence in the possibility of rich metal deposits.
- Close Proximity to Active Mines: Three active mines near St. Laurent indicate the jurisdiction's stability and the promising geology of the area. Wallbridge’s Grasset mine has a 2016 Indicated Resource Estimate which illustrated the presence of 3.5 million tonnes of nickel at 1.56 percent in addition to 0.17 percent copper, 0.03 percent cobalt, and 0.34 g/t platinum. Meanwhile, the Casa Beradi, a copper and gold mine located 20 kilometers, has produced 931,244 ounces of gold since 2006.
- Exciting 2019 Exploration Results: The 2019 Pancon Resource Drilling indicated mineralized intervals average over one percent nickel and 0.5 percent copper and 0.05 percent cobalt. The drilling program also extended known mineralization by 500 meters and identified a massive sulfide nickel exploration target for 2022 diamond drilling.
- Unexplored electromagnetic (EM) Anomaly: An airborne survey indicated the presence of a 600-meter-long EM anomaly that is generally associated with nickel occurrences. However, no drilling has been done to explain the anomaly, creating an exciting opportunity as the drilling gets underway.
- Drill Program: Voltage Metals has completed a diamond drill exploration program consisting 2,460 metres in seven holes, with downhole geophysical surveys completed on six of the seven holes. A total of 570 samples, representing 800 metres of core, were split for analysis. The company is now awaiting results from the lab.
The Wheeler Project
The 100-percent-owned Wheeler Project contains 197 square kilometers, located a short distance from the coastal town of Stephenville, Newfoundland and Labrador. An active mine north of Wheeler has posted promising drill results, while a considerable increase of new claims shows interest in the region.
- Encouraging Stream Sediment Samples: Samples taken on the northeastern half of the project’s area returned high values of nickel, copper, cobalt and chromium.
- Strong Presence of Nickel: Exploration data indicates the presence of high quantities of nickel, with sampling results including 4,980 ppm and 4,750 ppm nickel.
- Additional Metals Indicated: Copper, cobalt and chromium have also been identified throughout the property, with exploration data indicating 184 ppm copper.
- Potential for Ni-Cu-Co-Cr: Wheeler’s neighbor to the north, York Harbour Metals (TSX-V: YORK), is getting strong results at its VMS project: On Mar 26, 2022, YORK reported diamond drill intercept of 29 metres grading 5.25 percent Cu, .8 percent Zn and 436 g/t Co
The Montcalm Project
The nickel-cobalt-copper project is known for having 11 EM anomalies, six of which have not been explored. This includes the two most substantial anomalies that were not explained by a 2019 drill program. Voltage Metals’ land package includes a former-producing mine known for high-grade nickel and copper.
- Encouraging Past Production: The neighbouring Montcalm Mine produced 3.9 million tonnes of ore containing 1.25 percent nickel, 0.67 percent copper and 0.05 percent cobalt. Historical data indicates that up to two million tonnes of ore remains.
- Promising Anomalies: A 1990 GEOTEM® survey identified 11 EM anomalies throughout the project. Three of those anomalies were the target of the past-producing mine. However, many of the anomalies remain unexplored and unexplained. This creates exciting upside potential for the project.
- Additional Exploration Planned: Further geophysical surveys and diamond drilling are planned to identify promising metal deposits throughout the project’s area.
Voltage Metals also owns four additional projects slated for future exploration:
- The Jerry Lake Project: Located near St. Laurent, the Jerry Lake Project is a new target that has never been explored. It’s believed to host similar sulfide mineralizations as St. Laurent.
- The Gambler Project: The 7,620-hectare project is believed to host nickel-cobalt-copper much like the adjacent Montcalm Project.
- The Nova Project: The nickel-copper-gold project is only 19 kilometers away from the historical Montcalm Mine and has received little exploration. Sampling has shown the presence of battery metals that make it an ideal fit for Voltage Metals.
- The Skyfire Project: Historical survey results indicate the presence of silver and gold deposits. A one-meter section of a quartz vein returned 262 g/t silver and 0.27 g/t gold.
Bob Breese - CEO and Director
Bob Breese is an expert in project evaluation and management of junior mining companies, leading them from the development stage to production. Breese was responsible for all engineering functions at Falconbridge’s 3,500 tonne per day production at the Montcalm nickel mine, located outside of Timmins. Previously, Breese managed operations at Klondex’s Midas mine in Nevada. He also completed reserve evaluation reports and internal feasibility studies for Trelawney at its Chester Projects.
Clayton Fisher - President and Director
Clayton Fisher has 15 years of experience in the financial services and capital markets sectors. During his time serving as an investment advisor with Raymond James, Fisher evaluated and financed numerous mineral exploration companies. He has previously held CEO, director and advisory roles for private and public corporations. Fisher has a bachelor’s degree in economics and finance from the University of Victoria.
Nickolas Mah - CFO
Nik Mah has over 10 years of public practice experience, which includes working with junior venture mining companies. He worked in senior management positions at major financial institutions, including BDO Canada and KPMG. Mah has been a chartered professional accountant in Canada and a chartered accountant since 2010. He has a bachelor’s degree in science from the University of British Columbia.
Jay Freeman - Chairman and Director
Jay Freeman is the founding partner of JJR Capital, a Toronto-based investment/merchant banking organization. Freeman is a former portfolio manager at ScotiaBank, specializing in corporate and commercial law.
Layton Croft - Independent Director
Layton Croft is a corporate executive with global resource management experience spanning 25 years. Based n North Carolina, U.S.A., he has worked for or advised Rio Tinto, Ivanhoe Mines, Peabody Energy, Duke Energy, Atrium Health and Bank of America. He holds degrees from the University of North Carolina at Chapel Hill, the School for International Training in Vermont, and the Fletcher School of Law and Diplomacy at Tufts University in Massachusetts.
Rob Barlow - Independent Director
Rob Barlow is the founder of RevQuotient and is focused on go-to-market strategies, corporate governance, executive mentoring and digital transformation. Barlow is currently a board member of IvrNET (IVI.TSX.V) as an independent director and member of the audit committee, and chair of the MDA committee. Prior to these roles, he was president and CEO of WireIE Holdings International Inc., a privately owned telecommunications company, from June 2008 until September 2019. Currently, Barlow is the CEO and director of 6Harmonics.ca, a privately held technology manufacturer focusing on rural and remote broadband.