Class 1 Nickel and Technologies Limited (CNX: NICO) Timmins, Ontario, Canada. A past production operation ( 2.0-4.0% nickel head grade) with two high-grade NI 43-101 nickel sulphide Mineral Resources that remain open at depth and along strike (Nickel-Copper-Cobalt-PGE’s). Class 1 Nickel & Technologies Limited offers an outstanding opportunity to invest in a new company that owns advanced and expanding battery-grade class 1 nickel and cobalt sulphide Mineral Resources.
There are two types of nickel in the world Class 1, and Class 2 – while both Class 1 and Class 2 nickel are suitable for use in the steel industry, it is only Class 1 nickel ( higher purity ) that is suitable for use in electric vehicle lithium-ion batteries.
website, stock page (CA), pre-registration link, Amvest webinar event schedule & library or replays
Compelling Investment Attributes include:
- Enviable Location, logistics and infrastructure: Situated in a safe and reliable mining jurisdiction located only 45km northeast of mining city Timmins, Ontario, Canada, the projects enjoy year-round road access, availability of local skilled workforces and access to several operating process plants that are currently available to accept feedstock into their operations.
- Strategic land package geologically: Class 1 has assembled several highly sought after and difficult to find komatiite-hosted Nickel-Copper-Cobalt sulphide Mineral Resources into one valuable 20km2 land package. The company’s Timmins projects envelop a large “Z‟-shaped komatiite fold (komatiite rocks are a type of ultramafic volcanic rock that contains nickel sulphide) hosted in a mixed group of The Kidd-Munro assemblage rocks (OGS 1991).
- Existing nickel Mineral Resources: The company has commenced a program of work to expand its existing nickel inventory which includes; (i) The Alexo Mineral Resource and The Kelex Mineral Resource, two past-producing mines that ceased operations in 2005 due to low nickel prices that remain open at depth and along strike; (ii) The Dundonald North project (formerly Dundeal), The Dundonald South & Dundonald East projects that include two magmatic sulphide Inferred Mineral Resources (Historic Falconbridge estimated non-NI 43-101 compliant) and an option to acquire The Somanike nickel project in Quebec.
- Low OPEX: The company intends to re-enter direct shipping process plant feed operations ( Nickel – Cobalt – PGE’s), leveraging its proximity to operating process plants and suitability to traditional environmentally sustainable production methods.
- Due to the quality of the projects which have remained unworked for a considerable period, the company has been able to attract highly regarded and credentialed career nickel experts who possess vast nickel exploration development and mining experience.
|