Global demand for nickel could grow fourfold over the next few decades, according to the BHP Group, as noted by Bloomberg. In fact, “The world’s biggest miner predicts nine in 10 cars sold by 2040 will be EVs, helping to boost worldwide usage of key battery materials including nickel. The market for nickel is already being transformed as car batteries take over from stainless steel as the major growth market.” That could all be beneficial news for
Power Nickel Inc.
(TSXV: PNPN) (OTCBB: CMETF),
BHP Group
(NYSE: BHP),
Glencore
(OTC: GLNCY),
Vale
(NYSE: VALE), and
South32
(OTC: SOUHY). “We anticipate demand for nickel in the next 30 years will be 200% to 300% of the demand in the previous 30 years,” Jess Farrell, BHP’s asset president of Nickel West added.
Look at
Power Nickel Inc. (TSXV: PNPN) (OTCBB: CMETF), For Example
Power Nickel
is a TSXV listed mining company headquartered in Toronto, Canada. The company is focused on the acquisition and exploration of mineral properties in Canada that offer the potential for high-grade nickel deposits. Power Nickel also has a mining investment portfolio that contains an 80% ownership position of
Consolidation Gold & Copper
. Consolidation Gold & Copper owns 100% interest in the Golden Ivan project in British Columbia’s Golden Triangle and also owns 100% interest in three projects in Chile.
Most recently, the company announced initial results from its current drill program at its “Nisk” project near James Bay. These initial drill results confirm the presence of high-grade Ni-Cu-Co-PGE mineralization in the Nisk Main zone and extends mineralization by an additional 150 m at depth and to the east and below to the central portion. While assay results are still pending for most of the holes drilled to date, results received so far are very encouraging and continue to demonstrate the robustness of the system.
While assay results are still pending for most of the holes drilled to date, results received so far are very encouraging and continue to demonstrate the robustness of the system. The first hole released below in the Fall Drill Program is an amazing result.
– 1.17% Ni, 0.80% Cu, 0.08% Co, 1.46 ppm Pd and 0.23 ppm Pt over 25.86m in PN-22-009
– Including 11.00m @ 1.50% Ni, 0.93% Cu, 0.10% Co, 1.85 ppm Pd and 0.36 ppm Pt, and
– 1.80m @ 1.97% Ni, 0.41% Cu, 0.14% Co and 2.03 ppm Pd
For full details of this breaking news,
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.
Core logging has confirmed the presence of sulfide mineralization in the areas defined as targets. Such visual observation indicates that the mineralization extends to a minimum of 150 metres below the deepest know intercepts. While such intercepts look promising, their description is based solely on visual logging of the core, for which assay results are pending.
The presence of nickel is supported by XRF measurements made as part of the core logging procedure, but such readings should be considered indicative only. Caution is therefore required as interpreted extent of the mineralization should also be determined once assay results are available. The company will update the market once these results become available.
“The initial assays of our fall program are very encouraging for Power Nickel shareholders. These holes were drilled in an area where no resource was modeled and as a result, will not only help us better understand our deposit but also of course add substantial tonnage to our model. The PN-22-009 hole in particular shows that there will be solid very high-grade sections of the deposit which will raise resource grade and improve economics in any future mine plan.
From what we have seen in this drilling round we believe our aspiration to become Canada’s next Nickel mine is something our drill bit is turning into a very high probability outcome. When compared with other high-grade Nickel sulfides exploration projects around the world, ours trades at a tenth or much less of the value. Results like this will hopefully cause investors to look at Power Nickel and Nisk in a new light.” – Commented CEO Terry Lynch.
About the Nisk Project
The Nisk Project is located in the southern portion of the Eeyo Istchee James Bay territory, Québec, a region that is the site of a number of mining projects and improving infrastructure. The Nisk Project is a known Nickel-PGE occurrence on which former operators have performed technical work at a relatively high level of expertise. This historical work, which included preliminary metallurgical test work, led to an evaluation of the mineral resource potential in the Nisk-1 Main zone.
Other related developments from around the markets include:
BHP Group
signed a renewable Power Purchase Agreement (PPA)
with Neoen, which is expected to meet half of Olympic Dam’s electricity needs from FY2026, based on current forecast demand, and allow Olympic Dam to record a net zero emission position for the contracted volume of supply. The PPA is expected to supply 70 megawatts (MW) of electricity to Olympic Dam and will support Neoen to construct the 203MW Goyder South Stage 1b Wind Farm, assuming all relevant consents are obtained. This wind farm is to form part of the larger Goyder Renewables Zone in South Australia, and will introduce new renewable generation into the South Australian electricity grid. In addition, Neoen will construct a large-scale battery energy storage system in Blyth, South Australia to support the PPA, which will also assist in improving the stability of the South Australian electricity grid.
Glencore
and
Newmont Corporation
announced they have reached an agreement in which Glencore will acquire Newmont’s 18.75% shareholding in the MARA Project (MARA). Following completion of the transaction, Glencore will own 43.75% of MARA. Under the terms of the agreement, Glencore will pay $124.9 million upon closing and a $30 million deferred payment upon commercial production subject to an annual interest charge of 6%. Total deferred consideration is capped at $50 million.
Vale
announces that it has
signed three agreements
with local authorities and clients to jointly study the development of industrial complexes in the Kingdom of Saudi Arabia, the United Arab Emirates, and the Sultanate of Oman to produce low-carbon products to the steelmaking industry. The parties are seeking to cooperate in the development of these Mega Hubs to produce hot briquetted iron and steel products to supply both the local and seaborne markets, with significant reduction of CO2 emissions. The production of HBI using natural gas emits around 60% less CO2, when compared to pig iron production through the integrated BF-BOF route. In the future, the replacement of natural gas by hydrogen and the usage of renewable energy could eliminate CO2 emissions.
South32
released its
Climate Change Action Plan
outlining the actions we are taking to address the risks and opportunities that climate change presents. Sustainable Development Report 2022, sets out our approach, actions and progress to date and the ways in which we are playing our part to address climate change. It will be the subject of a non-binding advisory resolution at our 2022 Annual General Meeting, providing shareholders with an opportunity to discuss and provide feedback on our approach.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Power Nickel Inc. by Power Nickel Inc. We own ZERO shares of Power Nickel Inc. Please
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