Located in Quebec (Canada), our flagship NISK project is a high-grade nickel sulphide deposit positioned to be one of the greenest sources of class-1 nickel in the world. With access to abundant low-carbon hydropower and easy road access, NISK is well setup to supply the battery metals market with sustainably mined, environmentally-friendly high-grade nickel.
“I’d just like to re-emphasise, any mining companies out there, please mine more nickel... Tesla will give you a giant contract for a long period of time, if you mine nickel efficiently and in an environmentally sensitive way.” [1]
Growing Demand for Nickel-Containing Lithium-Ion Batteries
Driving Growth
Power Nickel is poised to supply high-grade nickel to the growing electric vehicle market
Our NISK high-grade nickel project is well-placed to supply class-1 nickel to the growing market for lithium-ion batteries. With mineralizations for Nickel, Copper, Cobalt, Palladium and Platinum, NISK is being developed to meet the demand for multiple battery metals.
NISK
NI 43-101 Compliant Mineral Resource Estimate
Indicated 2,587,600 tonnes 1.20% NiEq, 0.72% Ni, 0.42% Cu, 0.05% Co, 0.11 g/t Pt, 0.72 g/t Pd, 0.05 g/t Au, 2.44 g/t Ag, 31,000 tonnes NiEq
Inferred 1,404,800 tonnes 1.29% NiEq, 0.75% Ni, 0.53% Cu, 0.04% Co, 0.18 g/t Pt, 0.79 g/t Pd, 0.04 g/t Au, 1.71 g/t Ag, 18,100 tonnes NiEq
Exploration Drilling underway in September and October 2022 to easily add new tonnage through infilling known high-density areas, exploring near our high-grade intercepts and drilling high-valued targets in Nisk West, Wildcat Target 1 and Wildcat Target 2.
The key assumptions, parameters and methods used to prepare the mineral resource estimates described above are set out in the technical report: NI 43-101 Technical Report and Mineral Resource Estimate for the Nisk Project, Eeyou Istchee James Bay territory, Québec
Investment Portfolio
In addition to the exploration and development of our NISK high-grade nickel project, Power Nickel also owns significant assets that will be monetized at the right time to provide maximum value for shareholders and cashflow to the company in the near future.
3% Copaquire Royalty
Copaquire is a Copper Moly deposit held by Teck Resources. Located in Chile, Copaquire adjoins Teck's nearly-depleted Quebrada Blanca copper mine and is expected to be brought into production in the near future. Upon production, this 3% royalty will provide Power Nickel subsidiary Consolidation Gold and Copper with recurring cashflow.
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