Junior Nickel Miners to Watch - (TSX-V: $AEMC) (OTCQB: $AKEMF)
(TSX: $NCP.TO) (TSX.V: $PGE.V) (TSX.V: $GIGA.V) @AKEnergyMetals
@nickelcreekptm @Stillwater_CM @giga_metals
Getting
in on the Nickel Play - Timing is Everything
February 13, 2024 - Investorideas.com, a global investor news source covering
mining and metals stocks releases a mining snapshot focused on junior nickel miners
featuring
Alaska Energy Metals
Corp. (TSX-V:AEMC) (OTCQB:
AKEMF), a company focused on delineating and
developing a large polymetallic exploration target containing nickel, copper,
cobalt, chrome, iron, platinum, palladium and gold and located in central
Alaska.
Read this article,
featuring $AEMC in full at https://www.investorideas.com/news/2024/mining/02131Junior-Nickel-Miners.asp
Looking to see if this is the right time to be looking at nickel plays,
analyst commentary from Forbes reported last week, “Nickel was the worst performing base metal
in 2023, falling 45% year-on-year,” Morgan Stanley said.
“However, with the price stabilizing and supply cuts emerging,
investors are asking if we are close to a trough.
“This looks increasingly likely in our view, with the spot price now
at the 75th percentile of Wood Mackenzie’s cost curve. Historically, the nickel
price has troughed at the 70th percentile, followed by a subsequent rebound.”
Betting big on the future of nickel, Alaska Energy Metals Corp.
(TSX-V: AEMC)
(OTCQB: AKEMF) just issued breaking news with an
updated independent mineral resource estimate prepared in accordance with
National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI
43-101”) (“2024 MRE” or “2024 Resource”) for its 100% owned Eureka Deposit,
Nikolai Nickel Project in Alaska, USA. The effective date is February 12, 2023.
The newly-published 2024 MRE contains an addition of 813
million tonnes of indicated resource, 896 million tonnes of inferred resource
(an increase of 180%), and a strip ratio decrease, when compared with the
maiden resource published in 2023 (see press release dated November 20,
2023). The study
was completed by Stantec Consulting Services, Inc., and includes 35 historical
drill holes, the data for which the Company purchased in August 2023, and eight
diamond drill holes (totaling 4,138 meters) drilled by the Company on the
project in 2023.
Highlights of the news
include:
·
The Eureka West and Eureka East deposits
reported in the maiden 2023 Mineral Resource Estimate (“MRE”) are now connected
as one deposit measuring 4.5 kilometers (2.8 miles) in length.
Relative to the maiden
MRE:
·
A significant portion of the deposit was
upgraded from Inferred to Indicated MRE. Previously there was 0 tonnes of
Indicated resource. There has been an addition of 813 million tonnes of
Indicated resource to the MRE.
·
The grade of the Indicated resource is 0.29%
nickel equivalent (“NiEq”).
·
The Inferred resource has increased from 319.6
million tonnes to 896 million tonnes, a 180% increase. The grade of the
Inferred resource is 0.27% NiEq.
·
There has been an addition of 3.877 billion
pounds (1.758 million tonnes) of contained nickel to the Indicated resource.
·
There has been an increase in Inferred
resource contained nickel metal from 1.552 billion pounds (703,975 tonnes) to
4.225 billion pounds (1.916 million tonnes), a 172% increase.
·
As a consequence of joining the two deposits
together, the strip ratio has been reduced from 3.7:1 to 1.5:1. Three parallel
zones of mineralization are now identified (EZ1, EZ2, and EZ3).
·
A higher-grade core zone has been identified
within EZ2 and it shows continuity along much of the strike of the deposit. The
higher-grade core contains an Indicated resource of 211 million tonnes at a
grade of 0.34% NiEq and an Inferred resource of 154 million tonnes at a grade
of 0.33% NiEq.
Alaska Energy Metals President & CEO
Gregory Beischer commented in the press release, “In less than a year, we have
taken an exploration concept to a substantial deposit of nickel and other
critical metals. The mineral resource estimate update has produced a 180%
increase in the Inferred tonnage, and added substantial, new Indicated tonnage
to the deposit. The update increases the nickel metal content of the deposit to
over 8 billion pounds (more than 3.7 million metric tonnes) with only a 0.01%
grade decrease and a notably lower strip ratio. With this updated mineral
resource estimate, the Eureka deposit of the Nikolai Nickel project represents
a globally significant accumulation of nickel and has now become one of the
larger known nickel deposits in the United States. Nikolai could potentially
become an important source of nickel for the USA, catering to the needs of
various manufacturing sectors including stainless steel, electric vehicles,
defense components, long-term, grid-scale renewable energy storage batteries
and a myriad of other uses. This significant achievement speaks volumes to the
hard work our team has put into the project over the past year. I am
particularly encouraged by the delineation of a higher-grade core zone. The
presence of this core zone could dramatically affect project economics in a
positive way.”
Additional information:
alaskaenergymetals
Nickel Creek Platinum Corp. (TSX:
NCP) (OTCQB:
NCPCF) is focused on advancing its
100%-owned Nickel Shäw Project towards becoming Canada's next world-class
nickel sulphide mine. Located in the Yukon, their asset is host to over 2.5
billion pounds of nickel, 1.3 billion pounds of copper, 7.0 million ounces of
platinum group metals ("PGM's") and 137 million pounds of cobalt in
the measured and indicated categories – positioning them well for the rapidly
growing demand for these urbanization commodities.
Looking to the future in their corporate
presentation they note, “It is
estimated that 1.5 to 2.5Mt/y of new battery grade nickel could be required
globally by 2040 – this represents the majority of the current nickel
consumption now.”
Junior miner Stillwater Critical Minerals (TSX.V: PGE) (OTCQB: PGEZF), made hearts turn last year when they announced a 9.99% strategic investment by Glencore.
President and CEO, Michael Rowley stated, “We are very pleased to
welcome Glencore, one of the top five largest mining companies in the world, as
a major investor. This represents a major step forward for Stillwater as we
advance our flagship Stillwater West project with the vision of becoming a
large-scale source of battery and precious minerals that are now listed as
critical in the US, and elsewhere. There are very few projects globally, and
especially located within the United States, that offer the combination of
grade and scale in a producing district that we see at Stillwater West. We are
now booking drills and crews for our 2023 drill campaign with a focus on
expansion of the high-grade nickel-copper sulphides identified in our past
campaigns. We look forward to announcing further details in the coming weeks,
along with the start of drilling.”
Giga Metals Corp. (TSX.V: GIGA) core asset is the Turnagain Project, located
in northern British Columbia, which contains one of the few significant
undeveloped sulphide nickel and cobalt resources in the world. Turnagain is
held in Hard Creek Nickel, a subsidiary owned 85% by Giga Metals Corporation
and 15% by Mitsubishi Corporation.
The company was featured in a Business in Vancouver article on nickel plays in December, reporting, “It
would have an initial capital cost of $2.6 billion and sustaining capital costs
over 30 years of $2.2 billion. It would require a new 78-kilometre access road
and a 160-kilometre transmission line to tie into the Northwest Transmission
Line.”
“We’re looking at average production of a little over 35,000 tonnes
per year of nickel and a little over 2,000 tonnes per year of cobalt,” said
Giga Metals CEO, Mark Jarvis.
With the recent attention the news from Canada Nickel made with its major
investment in Timmins, planning $1-billion nickel processing plant in
Ontario for EVs, investors may be on the hunt for other nickel plays.
For additional insight as to why nickel is one of the metals to keep
an eye on in 2024, Investor Ideas recently interviewed Gregory Beischer,
President and CEO of Alaska Energy
Metals Corp. (TSX-V:AEMC) (OTCQB:
AKEMF).
Listen to Exploring Mining on Spotify
Research mining stocks at Investorideas.com with our mining stocks
directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp
About Investorideas.com - Big
Investing Ideas
Investorideas.com is the go-to platform for big
investing ideas. From breaking stock news to top-rated investing podcasts, we
cover it all. Our original branded content includes podcasts such as Exploring
Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create
free investor stock directories for sectors including mining, crypto, renewable
energy, gaming, biotech, tech, sports and more. Public companies within the
sectors we cover can use our news publishing and content creation services to
help tell their story to interested investors. Paid content is always
disclosed.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced
news, articles and equity research as well as creates original content,
including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investing involves risk and possible
losses. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Contact
management and IR of each company directly regarding specific questions. Disclosure:
Alaska Energy Metals Corp is a paid for mining
client at InvestorIdeas.com. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news
release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please
read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Follow us on Twitter @investorideas @MiningStockIdea
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact Investorideas.com to be a guest or
sponsor this podcast
800-665-0411
Get more mining stock investor ideas- news, articles, and podcasts and stock directories
