--News Direct--
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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