Categories: Precious Metals
Topics: General Precious Metals

Capitalizing on Green-Energy with Nickel Stocks

Power Nickel Inc. (TSX-V: PNPN)(OTC: PNPNF) — currently trading around C$0.35 per share — is a Canadian junior mineral exploration company focused on high-potential nickel, copper, gold, and other battery metals prospects in Canada and Chile.

The company’s flagship is the NISK nickel project (80% earn-in from Critical Elements Lithium) — a high-grade nickel sulphide deposit located in the world-class James Bay mining region of Quebec, Canada.

Quebec’s favorable mining tax laws mean that, for every dollar Power Nickel spends on exploration and development in the province, the company gets back fifty cents in tax benefit, which equates to around a 50% discount on exploration as compared to virtually any other mining jurisdiction in the world.  

With access to abundant low-carbon hydropower, shallow mineral depth, and established infrastructure nearby, the exploration stage NISK deposit is positioned to become, potentially, if produced, one of the lowest-cost and environmentally-friendly sources of high-grade nickel in the world.

Nickel is in high-demand, especially in the EV space where the nickel component in lithium-ion batteries is currently around 60 kg per battery. And sticking with the “green” theme, NISK is projected to potentially host one of the greenest sources of Class 1 nickel — LME deliverable nickel with a purity standard of 99.8% or better — in the world. 

Power Nickel recently partnered with Australia-based Fleet Space Technologies — a developer and operator of a constellation of microsatellites that deliver universal connectivity across the globe, including for use in the exploration of nickel ore deposits — at its NISK project. 

Nickel deposits typically form clusters or mineralized pods whereby the Power Nickel team plans to deploy the groundbreaking sonar-based technology at NISK to potentially vector in on additional zones of high-grade mineralization across the project’s 20 km of strike length. 

Power Nickel CEO Terry Lynch — whom you’re about to hear from directly in our exclusive interview coming right up — commented on the technology via press release:

“Fleet Space Technologies has already successfully used this technology in Australia and now in Minnesota. By using this advanced seismic tomography approach in combination with our in-house methods, we hope to increase our chances of finding more nickel ore pods at a faster rate…” 

Already, the NISK project hosts a historical 43-101 resource of approximately 3 million tonnes across all categories at an average grade of around 1.5% nickel equivalent. 

A recently completed Phase 2 drill program focused on expanding that resource returned highlights of:

• 40.3m @ 0.88% Ni, 0.56% Cu, 0.06% Co, 1.64 ppm Pd and 0.15 ppm Pt (Hole PN-22-009); including
• 25.86m @ 1.17% Ni, 0.80% Cu, 0.08% Co, 1.46 ppm Pd and 0.23 ppm Pt

Phase 3 drilling is underway and has been expanded to 7,500 to 10,000 meters with a focus on testing the continuity of the NISK Main Zone and the NISK West and NISK East extension areas.

Additionally, Power Nickel has announced its intent to spin off its copper-gold projects in British Columbia and Chile with current Power Nickel shareholders gaining an interest. The team intends to deploy Fleet Space Technologies, if proven successful at NISK, on those projects as well at a later date.  

So lots of angles to the Power Nickel story and plenty of catalysts coming up, including additional assays due soon from Phase 2 drilling and, as well, from Phase 3 as holes are completed and sent to the lab for processing. 

Our own Gerardo Del Real of Junior Resource Monthly caught up with Power Nickel CEO Terry Lynch to go over the ongoing advancement of the NISK nickel project, the advanced technologies being deployed via Fleet Space Technologies, and much, much more. Please enjoy!

Mike Fagan
Editor, Resource Stock Digest