HNCKF - Giga Metals CEO discusses vision for a greener battery future - PDAC 2024
(NewsDirect)
Giga Metals Corp (TSX-V:GIGA, OTCQX:GIGGF)CEO Mark Jarvis tells Proactive's Angela Harmantas that thecompany possesses one of the world's largest deposits of sulphidenickel and cobalt, crucial for battery chemistry in electric vehicles(EVs).
Speaking to Proactive atPDAC 2024, Jarvis said the company's focus is on producingenvironmentally friendly nickel, addressing the automotiveindustry's demand for clean raw materials, particularly fromEuropean carmakers. The Turnagain Nickely project in British Columbiais Giga Metals' flagship, highlighted by its pre-feasibility studyrevealing 35,000 tonnes per year of nickel and 2,000 tonnes per yearof cobalt over a 30-year mine life. This is based on 950 milliontonnes of reserves, part of larger indicated and inferred resourcessuggesting potential for a 100-year mine life.
Currently, thecompany is seeking strategic partners to fund the transition frompre-feasibility to final investment decision, a process estimated tocost around $50 million. Giga Metals aims to advance the projectthrough environmental assessments and full feasibility studies, withMitsubishi Corp as a key existing partner.
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