Among the World’s Largest Undeveloped Resources of Sulphide Nickel and Cobalt
Stock Code:
TSX-V: GIGA, OTCQX: HNCKF, FSE: BRR2
Company Exposure:
Nickel, Cobalt
Project Locations:
Canada
Giga Metals Corporation is focused on metals critical to modern batteries, especially those used in electric vehicles (EVs) 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 Metals has formed a joint venture with Mitsubishi Corporation to develop the Turnagain nickel/cobalt project in Canada. The Preliminary Economic Assessment (PEA) models production of an average of 33,000t of nickel per year over a 37-year mine life and the company is fully funded to complete the Prefeasibility Study in Q2 2023.
Turnagain is the only undeveloped Canadian nickel project of this scale that is focussed on the battery market rather than the steel market.
Investment Highlights
- Giga Metals is a TSXV & OTCQX listed junior mining company
- JV agreement with Mitsubishi Corporation to develop Turnagain
- Giga owns 85% of the Turnagain nickel project, MC owns 15%
- World is in critical need of nickel to meet global battery demand
- Objective: build a 35+ year operation, averaging 33,000tpa nickel
- Updated Preliminary Economic Assessment (PEA) models – 37-year mine life
- Company fully funded to complete the Prefeasibility Study in Q2 2023
- 40-70 new Turnagain-scale projects needed in next 20 years
