Weekly Nickel News

Top Stories : August 15 to 21

Aug. 15-21


North American Nickel : Premium Nickel Resources Ltd. Announces Expected Commencement of Trading Date & Company Overview (MarketScreener)
Premium Nickel Resources Ltd. is pleased to announce that trading in the Company’s common shares (the “Common Shares”) is expected to commence on the TSX Venture Exchange (the “Exchange”) at market open on Wednesday, August 17, 2022 under the symbol “PNRL”.
CANADA SILVER COBALT Files 43-101 Technical Report on Graal Nickel & Copper Project (MarketScreener)
Canada Silver Cobalt Works Inc.(TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt”) announces that it has filed on SEDAR a National Instrument 43-101 -Standards of Disclosure for Mineral Projectscompliant technical report dated July 4, 2022 on its Graal Nickel & Copper Project
Karora eyes ramping up of nickel production at Beta Hunt (Kalgoorlie Miner)
Gold miner Karora Resources is looking to cash in on the nickel resurgence by ramping up mining of the battery metal at its Beta Hunt operation at Kambalda. The Canadian company told the Toronto Stock Exchange last Friday a preliminary economic assessment base case supported an eight-year mining plan beginning next year to produce 9435 nickel tonnes at a net all-in-sustaining cost of $16,946/t.
Chinese state-controlled steel giant to take over nickel hub in Morowali: reports(The Jakarta Post)
Tsingshan Holding Group, Chinese nickel and stainless-steel top producer, is reportedly mulling over the possibility of selling some of its assets in Morowali, Indonesia to China Baowu Steel Group Ltd, a state-owned iron-and-steel firm headquartered in Shanghai.
Australia’s OZ Minerals gets final nod for key copper-nickel project (Reuters)
OZ Minerals said on Monday the Western Australia government granted final regulatory approval for the miner to begin construction at its West Musgrave copper-nickel project. Miners around the globe are looking to cash in on metals like copper and nickel, which are key raw materials of batteries used in electric vehicles.
Wealth Announces Completion of VTEM(TM) Geophysical Surveys and Discovery of Multiple New VMS Targets on its Kootenay Nickel-Cobalt-Copper Project(Yahoo)
Wealth Minerals Ltd., reports it has completed a 12,014 line-km, helicopter-borne, VTEM and magnetic geophysical survey (“VTEM”) covering 5,456 hectares within the Kootenay nickel-cobalt-gold property in south-eastern British Columbia (the “Kootenay Project”)
Manitou Gold Inc. Announces Intent to Spin Out Nickel-Cobalt-PGE Commodities (GoldSeiten.de)
Manitou Gold is pleased to announce that its board of directors has approved, in principle, a strategic reorganization of Manitou’s assets (the “Spin-Out”) pursuant to which Manitou proposes to spin out the nickel-cobalt-PGE commodities from its Goudreau project into a newly incorporated
First assays from Mulga Tank drilling confirm nickel-copper-PGE mineralisation for Western Mines Group (Small Caps)
The first batch of assays from a drillhole at Western Mines Group’s (ASX: WMG) Mulga Tank project in Western Australia have confirmed nickel-copper-platinum group elements (PGE) mineralisation. The assays are part of an initial 10-hole diamond drilling program for a total 3,990 metres, designed to test a range of geological and geophysical areas based on exploration targeting work.
Giga Metals and Mitsubishi Corporation Agree to Establish Joint Venture to Develop Turnagain Nickel Project(Yahoo)
Martin Vydra, President of Giga Metals Corporation (TSXV: GIGA) announced today that the Company has entered into a binding agreement with Mitsubishi Corporation (TSE: 8058) (“MC”) to form a new joint venture company, Hard Creek Nickel Corp. (“Hard Creek”), to jointly pursue the development of the Turnagain Nickel Deposit in northern British Columbia, Canada.
Bravo Intercepts High-Grade Nickel/Copper Massive Sulphide Mineralization at Luanga(Yahoo Finance)
Bravo Mining Corp today announced high grade nickel and copper assay results from the previously released diamond drill hole DDH22LU047 at its Luanga platinum group metals (palladium + platinum + rhodium) + gold + nickel (PGM+Au+Ni) project (“Luanga”)
Tartisan Nickel Corp. Announces Intention to Commence Normal Course Issuer Bid to Repurchase up to 5% of Its Common Shares (Yahoo Finance)
Tartisan Nickel Corp. announces its intention to commence a normal course issuer bid (“NCIB”), under which the Company may purchase up to 5,446,125 of the Company’s common shares, representing approximately 5% of the issued and outstanding common shares of the Company.
Metal Hawk targets new nickel sulphide zone (The West Australian)
ASX-listed explorer Metal Hawk will soon drill test a strong downhole electromagnetic, or “DHEM” conductor that may be harbouring disseminated nickel sulphide mineralisation at its Torana prospect near Kalgoorlie in WA. The target is a mere 200m from a recently plunged hole that returned 10m at 0.55 per cent nickel from 130m and is part of the companys larger Berehaven project.
Adavale’s launches helicopter EM survey to find nickel riches in Tanzania (Stockhead)
Adavale Resources is taking to the skies, launching a helicopter-borne electromagnetic survey at its Kabanga Jirani and Luhuma nickel projects in Tanzania. The survey will test nine high-priority areas across 18 conductive targets generated from a recent gravity survey, illuminating around 2000km of ground to 500m below surface.
Aldoro Resources identifies priority nickel-copper-PGE target areas at Narndee and Windimurra(Proactiveinvestors)
Aldoro Resources Ltd (ASX:ARN) has identified three areas for induced polarisation (IP) surveys targeting potential nickel-copper-PGE (Ni-Cu-PGE) mineralisation from its Narndee nickel exploration program in Western Australia.
Dubreuilville gold explorer on the hunt for nickel(Northern Ontario Business)
Manitou Gold is considering the creation of a spinoff nickel company based on some new discoveries at its Dubreuilville-area gold exploration project. In what the Toronto-headquartered company calls a “strategic reorganization” of its assets in a news release
Exploring the BHP quest for ‘future-facing’ minerals (Australian Resources & Investment)
BHP has mined nearly every mineral under the sun, but there’s no secret as to where its current priorities lie. Alongside its monster iron ore business, BHP is honing its strategy around “future-facing” commodities such as potash, copper and nickel.

Investor Relations

Nickel Industries signs term sheet for battery solar project  (Mining Weekly)
Nickel Industries on Wednesday said that SESNA had presented the company with a compelling project proposal which outlined, amongst other things, the key responsibilities and deliverables of the solar project.


Canada Nickel confirms discovery at newly acquired Deloro property in Ontario  (MINING.com)
Canada Nickel Company (TSXV: CNC) has received new assay results from its Deloro property that confirmed a second significant discovery from the company’s newly acquired property package in Ontario. The Deloro property is located 9 km southeast of Timmins and contains an ultramafic target that measures 1.4 km north-south by 450 metres east-west based on the total magnetic intensity (TMI).

Vendor/ Supplier Related

Nickel Industries goes renewable on power deal and Santos approves Alaskan oil development (Stockhead)
It’s well known that we have a shortage of battery quality nickel going around, with Indonesia looming as the main source of growth for an industry already grappling with the need for ESG friendly supply chains.

Earnings/ Financial Results

PHL metallic minerals output value rises sharply to P112.66B in first half (BusinessWorld)
THE VALUE of the metallic minerals industry’s output in the first half rose 39.42% to P112.66 billion, driven by strong prices of gold, copper and nickel, according to the Mines and Geosciences Bureau (MGB).
Metal output jumps 40% in H1 (Philstar)
The country’s metallic output continued its double-digit growth in the first half of the year, rising nearly 40 percent on strong prices of most metals, the Mines and Geosciences Bureau (MGB) said.
DMCI Mining earnings higher despite lower shipments(Manila Bulletin News)
DMCI Mining Corporation posted an 8 percent upturn in standalone second quarter core net income to P542 million from P502 millionin the same period last year. The firm said in a statement that core profit improved as higher selling prices and stronger US dollar offset the combined impact of lower shipments and higher fuel costs.
FNI income falls on fewer shipments of nickel in H1(BusinessMirror)
Global Ferronickel Holdings Inc. (FNI) said its net income in January to June declined as bad weather made it difficult for the company to ship more nickel ore. The company said its consolidated net income in the first half reached P417.4 million, 34.9 percent lower than last year’s P640.8 million.
Global Ferronickel earnings down 16% on lower shipments(BusinessWorld)
GLOBAL Ferronickel Holdings, Inc. reported that its second-quarter net income declined by 16.2% to P615.58 million from P734.56 million in the previous year. “The group encountered more rainy days this period totaling 128 rainy days compared to 105 rainy days during the same period in 2021.
FNI posts P417-M net income (Manila Bulletin News)
Nickel miner Global Ferronickel Holdings, Inc. (FNI) registered a 34 percent drop in consolidated net income to P417.4 million for the first half of 2022 from the P640.8 million earned in the same period last year.
Horizonte Minerals swings to profit as Araguaia development continues (Sharecast)
The AIM-traded firm, which remains pre-revenue, said its administrative expenses grew to $6.66m for the six months ended 30 June, from $3.67m a year ago. It put the profit down to a $4.36m change in the fair value of derivatives, and a $9.38m gain on foreign exchange.
Higher prices lift value of mineral output to P113B (Malaya Business Insight)
The value of metallic mineral production jumped 39.42 percent in the first half of 2022 to P112.66 billion from P80.81 billion in the same period in 2021, driven by higher metal prices and increased production of gold, copper and nickel.

Investor Relations

Bonded Zone Inventory of Nickel Rose 2,100 mt from Last Week (SMM news)
According to the SMM research, the bonded zone inventory stood at 8,600 mt this week. The inventory of nickel briquette was 4,000 mt, and that of nickel plate was 4,600 mt, 1,500 mt higher than last week. At present, the downstream still purchases on rigid demand.
FTSE 100 closes higher as traders continue ‘risk-on’ approach (Proactiveinvestors)
FTSE 100 closed in positive territory as traders once again decided on a risk-on approach. Britain’s top share index finished Tuesday ahead by almost 27 points, or 0.36%, at 7,536. “The latest jobs data provided grounds for both optimism and concern
Kin Mining, Kalium Lakes, American Rare Earths in equity raises (afr.com)
Listed gold explorer Kin Mining, potash explorer Kalium Lakes and American Rare Earths were fronting investors with cash calls on Tuesday morning.
EUA Share Price’Eurasia Mining’ Sharp Decline Imminent  (Investing Cube)
Eurasia Mining is down by 5 percent in today’s trading session, continuing its high volatility trend that has persisted for months. However, despite the drop, the share price is still in a sideways market, with its prices trading between the ranges of 4p and 7.5p for almost two weeks.
Coffee with Samso: Adavale Resources – the East African nickel belt (Proactiveinvestors)
Coffee with Samso Episode 151 is with Adavale Resources Ltd (ASX:ADD) executive director David Riekie. The company is currently completing a fund raising exercise and it gives current shareholders a great opportunity to participate. There appears to be a lot of exploration activities happening in the coming months.
London Metal Exchange Bans Russian Nickel (the deep dive)
The London Metal Exchange on Tuesday suspended from its approved warehouses Russian nickel exports dated on or after July 20, a move that follows the earlier decision to ban other Russian metals including copper, lead, primary aluminum, and aluminum alloy from British warehouses.
Nickel Ore Inventories at Chinese Ports Fell 80,000 wmt WoW (SMM news)
As of August 19, the nickel ore inventory at Chinese ports dipped 80,000 wmt from a week earlier to 6.21 million wmt. The total Ni content stood at 48,800 mt. Port inventory of nickel ore across seven major Chinese ports stood at 2,968,000 wmt, 60,000 wmt higher than last week.
Turquoise Hill rejects Rio Tinto’s $2.7 billion takeover offer  (MINING.com)
Canada’s Turquoise Hill Resources (TSX, NYSE: TRQ) has rejected majority shareholder Rio Tinto’s (ASX: RIO) bid to buy the 49% stake it doesn’t already own in the company for $2.7 billion, saying it did not reflect its full and fair value.
Hong Kong exchange sees further headwinds after first-half profit drop (euronews.next)
The operator of the Hong Kong Stock Exchange (HKEX) flagged continued pressures from global political tensions and other negative factors as it posted a 27% fall in first-half profit on Wednesday.
Giga Metals to Webcast Live at Virtual Battery Metals Investor Conference August 23rd  (KULR8 News)
Giga Metals (TSXV:GIGA, OTCQX:HNCKF), based in Vancouver, focused on nickel cobalt today announced that Mark Jarvis, CEO & Chairman, will present live at VirtualInvestorConferences.com on August 23rd, 2022. This battery metals focused event is co-sponsored by Virtual Investor Conferences and Independent Investment Research LLC.
UBS raises LFP global battery market share outlook to 40% by 2030 (S&P Global Market Intelligence)
UBS analysts said Aug. 16 they expect iron-based lithium-iron-phosphate (LFP) batteries to represent 40% of the global battery market by 2030, 25 percentage points higher than previous projections, due to improved driving range performance from LFP batteries and growing interest from battery producers to seek alternatives to the more common high-nickel content battery chemistries.

Vendor/ Supplier Related

Explained: Chinese Dominance Of The Critical Minerals Supply Chain And The Risks (Swarajya)
The world faces major challenges in responsibly sourcing large quantities of minerals that are critical for energy transition. Consumption of these critical minerals – most notably nickel, copper, lithium, and cobalt – is projected to rise, largely driven by their use in the renewable energy sector.
Magna Mining looks to revive former Sudbury nickel, copper mine  (Sudbury.com)
A Sudbury junior miner, with big ambitions to become a major Sudbury-area nickel producer, has picked up a choice piece of ground. Magna Mining has entered into a definitive share purchase agreement to acquire all of the shares of Lonmin Canada in a deal worth $16 million.
Tartisan Nickel advances environmental studies on Kenbridge project (kallanish)
Tartisan Nickel says initial baseline environmental studies have been completed and that Phase 2 baseline environmental studies have commenced at its Kenbridge nickel project in northwest Ontario, Kallanish reports. That upcoming work will include fisheries studies, surface water sampling, water quality profiling, stream flow monitoring, groundwater sampling
The wonder metal that could roil India’s EV ambition  (The Economic Times)
The wonder metal that could roil India’s EV ambition
Great Atlantic Resources confirms copper, nickel, cobalt at Mascarene property (kallanish)
Great Atlantic Resources says its 2022 drilling at its Mascarene property in New Brunswick confirms copper-bearing veins and anomalous levels of cobalt, nickel, gold and silver at a reported copper-nickel-cobalt occurrence, Kallanish reports. The assays show 6.74% copper, 34.5 grams/ tonne of silver and 0.6 g/t of gold, the British Columbia-based company says.
SA mining production declines for fourth consecutive quarter  (ESI AFRICA)
Mines specialising in manganese or diamonds and chromium ore also recorded a slow-down in activity in the second quarter of this year. This 3.4% decline makes for a fourth consecutive quarter of decline, said Stats SA principal survey statistician Juan-Pierre Terblanche.
Red Mountain Mining (ASX:RMX) completes RC drilling at Mt Mansbridge  (The Market Herald)
Red Mountain Mining (RMX) has completed drilling at its flagship Mt Mansbridge heavy rare earth and nickel-cobalt-platinum group element project in WA. The company began reverse circulation (RC) drilling in mid-July to follow up and test previous drilling at the Deja vu and Solo prospects to validate prior work and intercepts.
Global nickel market surplus at 20,500 tonnes in June INSG (MINING.com)
The global nickel market surplus rose to 20,500 tonnes in June from 19,500 tonnes in May, data from the Lisbon-based International Nickel Study Group (INSG) showed on Thursday. During the first six months of the year, the global market was in a surplus of 30,800 tonnes compared with a deficit of 125,500 tonnes in the same period of 2021, INSG added.
Mining projects get new tax break under climate bill (E&E News)
Mining companies operating in the U.S. are poised to get a potential windfall from the Democrats’ landmark climate, health care and tax legislation that passed Friday. Environmentalists heralded the package for its large tax breaks for wind, solar and battery developers.
Second seismic survey to highlight Legend nickel targets (BUSINESSNEWS)
Second seismic survey to highlight Legend nickel targets
MMC Norilsk Nickel: Information notice for holders of depositary receipts (Finanznachrichten.de)
Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, informs holders of American depositary receipts representing rights to the Company’s shares (“ADRs”) that in accordance with the requirements of Part 13 of Article 6 of the Federal Law No. 114-FZ “On Amendments to the Federal
Could Nickel price volatility herald a new era in Stainless Steel Innovation SASSDA (CBN News)
ONE of the key components of stainless steel is nickel, which has recently felt the severe knock-on effects of the war in Ukraine. This is because Russia is the world’s third-largest producer of nickel a key ingredient in stainless steel and a major component in lithium-ion batteries.
Premium Nickel Resources releases first assay results from Selebi (Mining Review Africa)
The Company’s 2022 diamond drilling program commenced March 14, 2022, with approximately 8,366 metres of drilling completed as of August 16, 2022. Results have been received for the first 2022 drillhole and are reported herein. Assay results are pending from two additional target zone intersections.
About 50kg of nickel goes into each Tesla battery but the world isn’t producing enough to keep up with demand
Mining companies in Australia are racing to find the next big reserve of one of the world’s most in-demand metals. Key points: Australia was once a world-leading producer of nickel but fell behind
Galileo Mining kicks off diamond drilling, targeting palladium, platinum, gold and more at Norseman’s Callisto discovery (Proactiveinvestors)
Galileo Mining Ltd (ASX:GAL) has kicked off diamond drilling at the Callisto palladium-platinum-gold-rhodium-copper-nickel discovery, part of the company’s 100% owned Norseman Project in Western Australia.
Ivanhoe Mines reports record profit for Q2 2022 as Kamoa-Kakula sets new copper production record (Kitco)
Ivanhoe Mines (TSX: IVN) yesterday reported record profit of $351.5 million for Q2 2022 compared to a loss of $108.6 million for the same period in 2021. The company also said it recorded a total comprehensive income of $340.9 million for Q2 2022 compared to a total comprehensive loss of $95.7 million for the same period in 2021.
BHP will remain ‘disciplined’ in OZ Minerals pursuit (Australian Mining)
BHP’s chief executive officer has called OZ Minerals “nice to have, but not a must-have”. “It’s pretty disappointing that the (OZ Minerals) board chose not to engage,” Mike Henry said during a media briefing following the release of BHP’s 2022 financial report.
Challenges facing Li-ion battery electrolytes and high-energy cathodes  (physicsworld.com)
Advances in materials for high energy, low cost and sustainable lithium ion batteries (LIBs) are vital for the pursuit of net zero emissions and to mitigate climate change. The positive electrode (cathode) plays a key role in the overall energy, cost and sustainability of the battery.
Jokowi Keeps Courting Tesla in Push for Electric Car Ecosystem (Bloomberg)
Electric-car producers have been keenly focused on lowering the costs of raw materials that have been driving up battery prices. The biggest producers of these metals have meanwhile been thinking hard about how to generate more value from their mineral wealth.
JASO has manufactured a tailored open trolley for a Colombian company dedicated to the production of nickel. One of the most important companies in the mining-industrial sector in Colombia needed to replace the open trolley that was installed in a double-girder crane due to the calcine
Boom in electric vehicles… Top 5 battery materials companies achieve record-breaking performance (etnews)
Major domestic battery materials companies managed to reach a record high 900 billion won in operating profits in the first half of this year. The expansion of high value-added cathode materials in the electric vehicle battery market by battery material companies such as LG Chem
Future Metals raises AUD5 million to advance Panton project (MORNINGSTAR)
Future Metals NL – Perth-based platinum exploration company – Receives firm commitments to subscribe for 40.0 million new shares in the company at 12.5 Australian cents each, in order to raise AUD5.0 million, which will go towards the exploration program at Panton, following up on the recent review which highlights the potential for a nickel, copper and platinum sulphide.
Kavango Resources says data review proves discovery potential of Kalahari Suture Zone (Proactiveinvestors)
Kavango Resources PLC (LSE:KAV, OTC:KVGOF) demonstrated the discovery potential of its Kalahari Suture Zone project in Botswana following a comprehensive review of all available exploration data. “Kavango has now completed the most comprehensive and successful exploration programme ever conducted on the Kalahari Suture Zone (KSZ),” said chief executive Ben Turney.