GIGA:CC - CEO Clips - Giga Metals: Giga Metals Partners with Mitsubishi to Develop Nickel and Cobalt Deposit for EV Batteries

Mining stocks to watch

Giga Metals, a Canadian mining company, has a large deposit of nickel and cobalt that is likely to be developed and built during this market cycle due to the high demand for electric vehicles and batteries. However, building a mine requires a significant investment of $1.5-$2 billion, which is a challenge for a small company like Giga Metals. To overcome this challenge, they signed a joint venture with Mitsubishi Corp. six months ago. Mitsubishi Corp. evaluated 26 different nickel projects before choosing Giga Metals. They have the capability of building the mine. The price of nickel has increased, making it possible for all large undeveloped deposits to be developed, and it's a matter of time for them to be developed.

Mark Jarvis, CEO

Mr. Jarvis has more than 30 years of experience in exploration and development of mineral resources, both in oil and gas and metals. After a career in financing exploration projects as a stockbroker, Mr. Jarvis moved to the corporate side of the business in 1996. He joined the Board of Ultra Petroleum, which at the time was a small oil and gas exploration and development company with a large, unconventional gas deposit. As Director responsible for Corporate Finance, he raised the equity capital necessary to prove the concept and to establish enough production to finance further growth with debt. Ultra Petroleum grew from an exploration play to 3 TCF of proven gas reserves.

Mr. Jarvis became CEO of Giga Metals Corporation's predecessor company in January 2004. During his tenure, the company has drilled off a giant nickel/cobalt deposit, worked out a reliable metallurgical circuit, and published a Preliminary Economic Assessment.

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