GIGA:CC - Giga Metals: Seizing Opportunity From Rising Nickel Demands

2024-03-27 17:08:02 ET

Focusing on metals critical to modern batteries

Giga Metals is focused on metals critical to modern batteries, especially those used in Electric Vehicles and Energy Storage. The company's core asset is the Turnagain Project, located in northern British Columbia which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world. Giga is also exploring for copper, another critical battery metal, in Brazil.

"I'm really excited about this whole electric vehicle paradigm, which has completely changed the nickel market. I think the battery market at some point is going to be equal to or bigger than the stainless market," says CEO, Mark Jarvis.

In a world of electric vehicles, the projected demand for nickel is nothing short of astonishing. "The estimates I've seen are that by 2040, you're going to need between 40 to 70 large mines to come on stream to produce simply for the battery market," says Jarvis.

More on the Turnagain Project

The Turnagain Project is among the largest undeveloped sulphide nickel deposits in the world. Further, Giga Metals has 100% ownership of the project.

The updated Mineral Resource in September 2019 showed Measured & Indicated resources of 5.2 billion pounds of nickel and 312 million pounds of cobalt. It also showed Inferred resources of 5.5 Billion pounds of nickel and 327 million pounds of cobalt.

With further drilling, Giga Metals will acquire the data needed to advance the project to pre-feasibility.

For more information on Giga Metals Corp. (TSX.V: GIGA, OTCQB: HNCKF) please click the request investor info button.