Assay TV catches up with Mark Jarvis, CEO & Chairman of Giga Metals (TSXV: GIGA, OTCQX: HNCKF, FSE: BRR2), to talk about the outlook for the battery-grade nickel market. Marks shares his thoughts on the recent spike in nickel prices in recent days, triggered by Russia’s invasion of the Ukraine and a short-squeeze playing out on the LME. While these record highs may be short-lived, Mark sees a longer term uptrend for the market.
In this discussion Mark also introduces Giga’s Turnagain Nickel and Cobalt Project. A PEA on Turnagain predicts annual average production of 33,000tonnes of 18% nickel concentrate over a 37 year mine life. With battery manufacturers seeking low-carbon raw materials, Mark discusses the opportunities for Giga to lower the carbon footprint of its nickel products by electrifying mining operations and sequestering atmospheric carbon dioxide in its tailings.
The company hopes to complete a pre-feasibility study by the end of 2022, followed by an environmental assessment in 2023, as Giga looks to supply North America’s growing Gigafactory market with battery-grade nickel and cobalt.
Website: gigametals.com
Primary tickers: TSXV:GIGA, OTCQX:HNCKF, FSE:BRR2
Stage of development: Development
Commodities: Nickel, Cobalt
Project to promote: Turnagain
Project Location: Canada
Mining investment news, insights, and company profiles
The Assay TV – Mark Jarvis, CEO & Chairman, Giga Metals (TSXV:GIGA, OTCQX:HNCKF, FSE:BRR2) – 14/3/2022
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