EV Nickel plans to grow and advance its Clean Nickel business

The rallying cry for more nickel was uttered by Elon Musk in 2020 when he pleaded, “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.”

EV Nickel Inc (EVNi) has taken up the challenge of finding more sources of nickel in an environmentally sound way and is exploring and advancing the next generation of high-grade projects located south of Timmins, Ontario. To the north of Timmins, is the proposed Crawford mine, the world’s largest nickel sulphide discovery since the 1970s according to its owners Canada Nickel Company.

“Ontario has ambitious goals for its development of the Electric Vehicle ecosystem and to meet them it will take innovation and a rethink of how things are done, this is in the DNA of our Company,” said Sean Samson, EV Nickel’s President and CEO.

EV Nickel’s Shaw Dome property located 25 km southeast of Timmins, Ontario, consists of the Carlang area which is also home to the Langmuir W4 Zone. EV Nickel plans to grow and advance a Clean Nickel TM business, targeting the growing demand for Class 1 Nickel from the electric vehicle battery sector. EV Nickel has more than 30,000 hectares to explore and has identified more than 100km of favourable strike length and it has the Redstone Mill for processing only 7 km away.

In January 2023 EV Nickel reported on assay results from the Carlang site at the Shaw Dome Deposit. “Carlang is turning out to be exactly what we expected and I am excited to see the results of the upcoming preliminary resource estimate,” said Sean Samson, President & CEO. “The A Zone will get us started but we know it’s only 1.4km of the more than 10km of prospective strike length across Carlang. This is one part of our two track strategy of focusing on both this large-scale plus the high-grade potential of our Shaw Dome Project.”

Nickel quantities indicated at the Carlang site are large enough to contribute to the building of Carlang A Zone which represents just

20% of the full 10 km long Carlang Area Trend. Total inferred nickel is 1,161,305 tonnes. Total indicated nickel totals 1,253,738 tonnes. With pressure on auto manufacturers to produce more EV battery vehicles to replace gasoline driven cars, there is not enough Nickel for EVs as the current market also serves the stainless-steel industry. EV Nickel’s mission is to accelerate the transition to clean energy by following a two-track approach: 1) produce more nickel and 2) produce it using clean technology. “Defining this enormous maiden mineral resource for our large scale A Zone in the Carlang area of the Shaw Dome property is a major milestone for EV Nickel,” said Samson.

“The A Zone is just the beginning of the Carlang Area because we know the host units have been identified over approximately 5 times the strike length,” added Samson. “So, if we consider the full potential of the Carlang Trend- this is the type of generational opportunity, which is near the surface and in an excellent location, that the world needs for a supply of Clean Nickel™ to help fuel the energy transition.” The amount of nickel needed for EV batteries for an average 100kWh electric vehicle battery requires about 145 pounds of nickel as cited by Bloomberg News. Using that estimate, Samson calculated that the nickel resources at Carlang alone 37 million EVs could be produced.

Clean Nickel

TM

In addition, the company has patented its Clean Nickel™ projects to deliver the metal needed to power the electric vehicle revolution in an