Weekly Nickel News

Top Stories : November 28 to December 4
EV NICKEL INC. (TSX-V:EVNI) (“EVNi” or the “Company”) is excited to announce the additional assay results, from 4 more holes of the Phase 3 Drilling program targeting the Large-Scale nickel target in the northeast of its Shaw Dome Project, referred to as the Carman-Langmuir or, “CarLang Area”.

A traditionally “spiky” commodity could be Tasmania’s ticket into a booming industry, according to the general manager of the state’s first and only nickel mine.

UK-BASED Galileo Resources PLC (AIM:GLR) said it has identified three priority gold and nickel exploration targets originally generated from an airborne geophysical survey over the Bulawayo gold project in Zimbabwe.

Global Energy Metals Corporation, a company involved in investment exposure to the battery metals supply chain, is pleased to provide a key update from its Nevada, USA based Lovelock project (“Lovelock” and/or the “Project”).

PolyMet Mining Corp. POM PLM (“PolyMet” or the “company”) today announced the filing of a technical report (the “Technical Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) by Independent Mining Consultants, Inc. (“IMC”) and JDS Energy & Mining Inc. (“JDS”) on the Mesaba deposit.

Altilium Group and New Generation Minerals (NGM) have announced their intention to form a new legal entity to promote, market, and license the DNi Process Altilium’s ground-breaking, patent-protected method for extracting nickel, cobalt, and other constituent metals in laterite ore in Western Australia.

Lygend Resources & Technology Co., a Chinese nickel producer and trader, advanced in its Hong Kong debut on Thursday, the first among eight newcomers to list in the Asian financial hub this month.

Authorities in New Caledonia imposed additional regulations that could limit production in the future at the Goro nickel mine — one of the world’s largest deposits — after a recent waste-dam leak.

Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) (“Gungnir” or the “Company”) is pleased to report further, near-surface drill results and visuals at the Company’s Lappvattnet nickel deposit in northern Sweden.

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) (“CanAlaska or the “Company”) is pleased to announce that assay results in the first 14 reported holes from the summer 2022 drill program have confirmed the presence of nickel-copper-cobalt mineralization on the Manibridge project.

Canada Nickel Company Inc. (“Canada Nickel” or the “Company”) (TSXV: CNC) (OTCQX: CNIKF) today announced positive drilling results from its ongoing regional exploration drilling campaign at its Reid and Sothman properties.

Xander Resources Inc. (“Xander” or the “Company”) (TSXV: XND) (OTCQB: XNDRF) (FSX: 1XI) a North American mineral acquisition and exploration company focused on the development of drill-ready battery and precious metal projects, is pleased to announce that it has commenced drilling at its Timmins Nickel Project (the “Project”) in located in Timmins, Ontario.

Business Expansion
Metal Energy Corp. (TSXV: MERG; US-OTC: MEEEF) a Toronto-based battery metal exploration company, is actively expanding high-grade nickel sulphide mineralization at the past-producing Manibridge mine in the world-class Thompson Nickel Belt of northern Manitoba.

The World Trade Organization ruled in favour of the European Union in a dispute over a ban on nickel ore exports with Indonesia, prompting Indonesia’s president to say his country would appeal.

Investor Relations
Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: A2D) (“Tartisan” or the “Company”) is pleased to announce that the Company has closed $1,797,000.00 in flow-through financing. This was comprised of 5,615,625 flow-through units of the Company at the price of $0.32 per unit for an aggregate subscription price of $1,798.000.

News Stories
Aurubis AG, which counts recycled-content copper as one of the predominant metals it produces, says it has signed a memorandum of understanding (MOU) with London-based Anglo American PLC to develop copper products that respond to the increasing expectations for future-enabling metals that are sustainably sourced and supplied.

Canada-based exploration company Kootenay Silver has appointed geologist Dale Brittliffe as VP of exploration. Brittliffe has more than 25 years experience in exploration for precious and base metals deposits in Canada, Mexico and Australia.

With mineral exploration expenditures nearly doubling over the past year, Nunavut has dethroned Yukon as the most popular Canadian territory to discover and expand deposits of industrial, precious, and critical minerals.

DATA shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, so Europe should secure more raw materials to shift away from oil faster, campaign group Transport and Environment (T&E) said on Tuesday (May 3).

The global energy transition will drive unprecedented growth opportunities for critical minerals. The rapid acceleration of electric vehicle (EV) uptake and deployment of battery storage systems provides an incredible opportunity for the Australian economy.

The US Government’s commitment to the lithium battery revolution had its doubters until late in October. That was when the Biden Administration committed to supporting the rapid development of domestic mining, processing and manufacturing industries required to catch up with China and Europe.

The company behind a planned uranium mine east of Kalgoorlie-Boulder is investigating the potential of mining critical minerals to boost the value and life of the proposed operation. Deep Yellow has been reappraising the Mulga Rock project 290km north-east of Kalgoorlie-Boulder since securing a $658 million merger in August

Australia’s platinum group metals (PGMs) pioneer, Podium Minerals, is evaluating the cleanest and greenest mining and processing options that include the possibility of circumventing the need for smelting.

As wealthy nations try to find new ways to cut their carbon emissions, electric vehicles have been getting a lot of attention. From incentives for electric cars in the US to all-out bans on future gas and petrol cars in the UK and European Union, leaders are pushing their populations away from the gas guzzlers.

Eagle Mine updated the public on efforts to continue operations in northern Marquette County during a public forum in Powell Township. During Wednesday night’s forum, Eagle Mine representatives provided a safety update and information about the operation’s environmental impact in Marquette County.

In Canada, the mining and construction industries will get a boost for transitioning to zero-emission heavy-duty vehicles through a new tax credit from the federal government. The tax credits will begin in the spring of 2023.

The past years saw steady progress in the Philippine infrastructure. This has been possible with hardworking players in various industries, one of which is the diversified engineering conglomerate DMCI Holdings, Inc., currently headed by this year’s “MAP Management Man of the Year,” Filipino-Chinese businessman Isidro A. Consunji.

In a world powered increasingly by clean energy, drilling for oil and gas will gradually give way to digging for metals and minerals. Today, the “critical minerals” used to make electric cars, solar panels, wind turbines, and grid-scale battery storage are facing soaring demand and some acute bottlenecks as miners race to catch up.

An upcoming report by the statistics and research consultants GlobalData says that robot technology will be essential for any mining company intending to remain competitive in the near future. As well as safety, robotics helps mining operations improve productivity and sustainability.

Australia will play a big role in South Korea’s ambition to lead the electric vehicle batteries market and diversify from China for its battery metals needs, a top South Korean executive said on Wednesday.

Mallee Resources Limited (“MYL” or “the Company”) is pleased to announce it has produced first concentrate at Avebury after a successful start to the commissioning of the processing plant. As at 21 October, around 19,200 ore tonnes were on the ROM stockpile, a further 2,500 tonnes were on fine ore stockpiles

Sometimes, it is best to go for the low-hanging fruit identify an existing opportunity, seize it and help it grow. This is the approach that London-listed Marula Mining is taking as it continues to grow its footprint across the continent, particularly in East Africa.

Metal Hawk (MHK) has launched a diamond drilling program at the Berehaven nickel project in the West Australian goldfields. The company has been undergoing systematic exploration at the project since it first discovered high grade nickel sulphide in September 2021 at the Commodore prospect.

When light hits molecules, the primary process is elastic scattering, known as Rayleigh scattering. This increases with the fourth frequency power and is more effective for short waves. Another process is called inelastic scattering, where the photons interact with the molecules at approximately ten power of seven or eight

Czech Republic-based Draslovka Holding is heading into a busy 12-month period where its glycine leaching technology will be showcased at numerous mining projects across the globe, the company told IM on the side lines of the Resourcing Tomorrow conference, in London, this week.

Production of the BMW iX5 Hydrogen has begun in the BMW Group’s pilot plant located at its Munich Research and Innovation Centre (FIZ). During the development phase, the world’s first ever Sports Activity Vehicle (SAV) equipped with hydrogen fuel cell technology has already finished a rigorous testing programme under demanding conditions.

Armada Metals Ltd (ASX:AMM) has taken to the skies for a 1,500-line-kilometre airborne Mobile Magnetotellurics (MobileMT) survey over the highest priority targets at the district-scale magmatic nickel-copper Nyanga Project in Gabon.

Glencore’s (LON:GLEN) (OTC:GLNCY) Q3 production results confirm that it is unlike any other commodity trading and mining giant out there. The Swiss-based commodity trader and mining giant’s asset quality and product diversification are vastly better than its peers which will be crucial over the medium and long term due to the ongoing energy crisis.

FPX Nickel released an updated mineral resource estimate in November. Last month CEO Martin Turenne spoke to Kitco Mining at the 2022 Precious Metal Summit Zurich. FPX Nickel (TSX-V: FPX) is a Vancouver-based junior nickel mining company advancing the Decar Nickel District in central British Columbia.

Bluejay Mining PLC on Tuesday said the processing of data from the Enonkoski nickel-copper-cobalt Project in Finland is nearly complete, and that results are “encouraging”. The Enonkoski Project is a part of a joint venture with Rio Tinto PLC and Bluejay Mining, a London-based mineral exploration and development company focused in Greenland and Finland.

Broad-space aircore drilling at the Murrin project in Western Australia has identified multiple anomalous gold zones for explorer Kin Mining (ASX: KIN). Murrin makes up part of the company’s wider flagship 1.4 million ounce Cardinia gold project near Leonora.

Stockhead’s Year in Review video series is a yearly wrap up address from company leaders showcasing latest achievements, discoveries and developments of emerging ASX companies. In this instalment Brett S Smith, executive managing director at Corazon Mining (ASX:CZN) takes a look back on the company’s achievements in 2022.

First Class Metals PLC on Tuesday announced the discovery of its highest grade drill hole intercept to date, at the West Pickle Lake mining project in Ontario Canada. First Class Metals is a Blackburn, England-based metals exploration company seeking large scale metal discoveries in Canada.

Mincor Resources achieves first stoping at Cassini underground nickel mine

Shares in Murchison Minerals (TSXV: MUR; US-OTC: MURMF) shot up 50% Tuesday on near-surface, high-grade drill results from its Haut-Plateau de la Manicouagan (HPM) nickel property in Quebec. The explorer reported assay results from a single hole from its summer

With its Goongarrie tenements renewed for a further five years, junior explorer Zuleika Gold has assembled boots on ground in its hunt for gold and nickel within the company’s under-explored tenure in WA’s goldfields. The company has commenced a 740-sample soil geochemistry program designed to infill previous geochemical sampling

Vale Indonesia expects to complete nickel HPAL plant by 2025

Today’s listing at the Hong Kong Stock Exchange by Lygend Resources & Technology, China’s largest nickel ore trading company, has minted the country’s latest billionaire. Lygend Chairman Cai Jianyong directly owns 416.7 million shares, along with 88% of Lygend Investment, which directly and through a subsidiary holds 508 million shares.

When it comes to battery minerals, every dog has its day on Elon Musk’s Twitter feed. In 2016 he was pushing back against a lithium price boom when he declared that nickel and graphite were the true heroes of his batteries, and lithium was just “the salt on the salad”.

Nickel surplus to build (Key Investing)
The metals complex has had a volatile year. Most metals performed strongly in the first quarter given the growing supply uncertainty due to Russia’s invasion of Ukraine. However, a stronger US dollar, rising rates and weaker downstream demand weighed heavily on metals markets for the remainder of the year.

Joining us today on the Daily Dive is Terry Lynch, CEO of Power Nickel (TSXV: PNPN). Terry sits with us this afternoon to share his outlook on nickel, his read on Indonesia’s OPEC-like proposal to manage battery metals, and China’s influence and impact on the copper market.

Anew film has revealed the scale and nature of the impacts that deep-sea mining would have on life in the Pacific Island region, from direct damage to seafloor ecosystems, to tailings waste and sediment plumes.

The advanced feasibility study into the Townsville Energy Chemicals Hub (TECH) base metals project, in Queensland, has confirmed the Stage 1 economics, prompting owner Queensland Pacific Metals (QPM) to start formal debt funding negotiations with potential lenders.

LME claims $20bn nickel trade chaos threatened to tip it into “death spiral”

Maharashtra has hit a jackpot. As per the mining data available with the state government, Bagwadi and Ghanpewadi regions in the Sindhudurg district were detected with gold reserves. The state government is quite eager to attract the private sector to conduct mining of these reserves as it hopes to generate more revenue that can be spent on a slew of development works.

Three former and two current representatives from the three congressional districts of the island of Mindoro want mining activities on the island banned to protect it from frequent flooding and destruction of agricultural lands, communities and infrastructure.

A Chinese-backed nickel refinery has taken over a chunk of a major island in Indonesia, and is wreaking havoc on its ecosystem. In less than a single decade, the Indonesia Morowali Industrial Park (IMIP) has released enough pollution that people in the neighboring village of Kurisa can no longer fish, nor rely on rivers as safe water sources.

Prime Minister Justin Trudeau’s government is keen to strengthen Canada’s relationship with Indonesia, but not so much so that it’s willing to join the nickel cartel that the emerging Asian power is trying to get off the ground.

The London Metal Exchange (LME), battling a combined $472 million lawsuit from U.S. hedge funds Elliott Associates and Jane Street Global Trading, had a regulatory obligation to be able to cancel nickel trades in March, it said in court filings.

Iron ore billionaire Andrew Forrest likes the look of nickel developer Chalice Mining and is trying to get his hands on a sizeable chunk.

Fund Raising/Grants
Karelian Diamond Resources PLC on Tuesday announced a placing to raise £250,000 to fund its mining operations and exploration. The Dublin-based exploration company focused on Finland said it had placed 12.5 million shares at 2 pence each, a 20% discount to Monday’s closing price of 2.5p.

Thor Mining PLC (AIM:THR, OTC:THORF, ASX:THR) said it has raised A$2.65mln to fund uranium exploration projects in Colorado and Utah, with existing and new investors backing an equity raise. The company, in a statement, said it is issuing 378.5mln new shares priced at 0.7 Australian cents through a placing which remains subject to shareholder approval.

Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF) is raising up to $9 million as part of a capital raise to progress the potential restart of the Black Swan Project in Western Australia. The company received commitments to raise $6 million through a private placement from new and existing institutional

Vendor/ Supplier Related
The European Union has reported plans to sign a memorandum of understanding (MoU) with Morocco on the supply of critical raw materials to accelerate the energy transition. A recent report on the Africa-EU Green Energy Initiative that is part of the Global Gateway Investment Package

General Motors is acting to ensure it has the material needed to support the company’s ambitious plans for battery-electric vehicles. Underscoring the automaker’s continuing effort to build a North American supply chain supporting battery production, GM says it has reached agreement with Canada Limited

On Nov. 16, the Biden Administration announced a $74 million funding package to advance domestic battery recycling and reuse that will strengthen the nation’s battery supply chain. Michigan Technological University and Eagle Mine are co-recipients of part of this funding.

Environment/ Climate
I attended a Minnesota Environmental Congress event just a couple of weeks after the DFL won control of the Legislature, with DFL Governor Mark Dayton already in office. On my way out, I ran into Rep. Melissa Hortman, who at the time was an emerging DFL lawmaker from Brooklyn Park. I asked her what needed to happen on environmental issues.

Junior Viking Mines has inked a binding agreement with Flinders Mines to earn up to a 99% interest in the Canegrass battery minerals project, in Western Australia. Under the terms of a farm-in agreement, Viking will acquire the majority interest in the project by spending A$4-million exploration over a 54-month period

Exports/ Imports
Exports tipped to hit US$7,4bn in 2022

Shares of Avicanna Inc (TSX:AVCN) rose 17% to $0.34 as the commercial stage, international biopharmaceutical company revealed the commercialization of its patent-pending, water-soluble technology “Influid” with an initial Viola-branded beverage infuser SKU for the Canadian market.

Talon Metals Stock A Buy: The Path Towards Made-In-America Nickel

The world’s fastest-growing lithium producer is lobbying hard to gain access to President Joe Biden’s new electric vehicle tax credits, despite Argentina not meeting the requirement of being a US free-trade partner. So far, it’s being rebuffed.

‘Investment decisions will tend to go to countries where royalties are tax deductible’

Bamboo propagation and mining sector advocates from the Junction Ridge Resources Development Corp. (JRRDC) and the Kilusang 5K (Kawayan:Kalikasan, Kabuhayan, Kaunlaran, Kinabukasan) in a statement on Friday said that bamboo planting is the best antidote to the pervading criticisms against mining.

Business Partnership
Zimbabwe has signed an agreement with Tsingshan Holdings Group, which plans to set up lithium mining and processing operations in the southern African country, President Emmerson Mnangagwa said on Tuesday.

BHP Group Ltd (BHP.AX) Chief Executive Mike Henry told the Reuters NEXT conference on Wednesday that “all fundamentals are in place” in China for continued economic growth over the next 20 years. China, the world’s second biggest economy, accounts for more than 50% of global demand for raw materials.

Indonesian President Joko Widodo said his nation won’t follow a purely open economic model that he blamed for undercutting Latin America’s growth prospects for decades, saying Taiwan and South Korea show the advantage of making the world dependent on them.