Giga Metals CEO discusses vision for a greener battery future - PDAC 2024
March 18, 2024 at 12:45 pm EDT
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Giga Metals Corp (TSX-V:GIGA, OTCQX:GIGGF) CEO Mark Jarvis tells Proactive's Angela Harmantas that the company possesses one of the world's largest deposits of sulphide nickel and cobalt, crucial for battery chemistry in electric vehicles (EVs).
Speaking to Proactive at PDAC 2024, Jarvis said the company's focus is on producing environmentally friendly nickel, addressing the automotive industry's demand for clean raw materials, particularly from European carmakers. The Turnagain Nickely project in British Columbia is Giga Metals' flagship, highlighted by its pre-feasibility study revealing 35,000 tonnes per year of nickel and 2,000 tonnes per year of cobalt over a 30-year mine life. This is based on 950 million tonnes of reserves, part of larger indicated and inferred resources suggesting potential for a 100-year mine life.
Currently, the company is seeking strategic partners to fund the transition from pre-feasibility to final investment decision, a process estimated to cost around $50 million. Giga Metals aims to advance the project through environmental assessments and full feasibility studies, with Mitsubishi Corp as a key existing partner.
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Proactive North America
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Copyright (c) 2024 TheNewswire - All rights reserved., source Press Releases
Giga Metals Corporation is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties in Canada. The Companyâs core asset is the Turnagain Project, located in northern British Columbia, which contains one of the few undeveloped sulfides nickel and cobalt resources. The Turnagain property lies immediately north of the Turnagain River near its confluence with Hard Creek, 65 kilometers east of the community of Dease Lake. The Turnagain Nickel property consists of approximately 71 claims that covers approximately 38,681 hectares. The Turnagain Nickel property covers the known extent of a zoned, Alaskan-type ultramafic intrusive complex in fault contact with Paleozoic to Early Mesozoic graphitic sedimentary rocks along its northern and eastern margins.