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Five Top Ways to Invest in Nickel’s Expected Fourfold Growth

Global demand for nickel could grow fourfold over the next few decades, according to the BHP Group, as noted by Bloomberg. In fact, “The world’s biggest miner predicts nine in 10 cars sold by 2040 will be EVs, helping to boost worldwide usage of key battery materials including nickel. The market for nickel is already being transformed as car batteries take over from stainless steel as the major growth market.” That could all be beneficial news for Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF), BHP Group (NYSE: BHP), Glencore (OTC: GLNCY), Vale (NYSE: VALE), and Canada Nickel Company (OTC: CNIKF).

Look at Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF), For Example

Power Nickel announced it has closed the second tranche of the private placement previously announced on March 13, 2023 for 5,170,000 flow-through units of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,585,000. The Company has received conditional TSX Venture Exchange approval for the Private Placement.

“We are pleased to close the Second Tranche of our previously announced $5,000,000 Private Placement. " said Power Nickel CEO Terry Lynch. “Once again, we have benefited greatly by having our project in Quebec, where very favorable incentives exist for Critical Mineral projects like our NISK Nickel Sulfide project at Nemaska.” Lynch commented further, “Quebec, Canada is in our opinion the World’s leading jurisdiction for exploration for Critical Minerals. This was further cemented by the recent Quebec and Canadian budgets, which provide substantial incentives to explore Critical Minerals and build mines. In our case, this financing is focused on exploration and we were able to raise twice as much money with half the dilution. Going forward the new, unappreciated by the market incentives, could as example advance as much as $200 Million USD to building a $400 Million Nickel Mine. While significant steps remain before determining if a mine would be viable and the budgets are not yet law, these are substantial incentives which de-risk projects for investors and enable governments to inspire investment and development in the critical mineral sector. We look forward to utilizing these incentives on our quest to build the world's first Carbon Neutral Nickel Mine”.

The Company anticipates closing the balance of the announced $5,000,000 Financing of $706,000 in early May.

“While the Federal and Provincial budgets were overwhelmingly positive for Power Nickel in specific and the Critical Mineral Industry in general, it likely did slow down the investors in the Flow Through sector while they analyzed the changes to Alternative Minimum Tax. Generally, they are back on board but the closing did take longer than planned. Our back-end investors have been waiting patiently to execute and we hope to conclude the financing as originally planned shortly” commented Terry Lynch CEO of Power Nickel.

Other related developments from around the markets include:

BHP Americas President Rag Udd said it is imperative to streamline the permitting process, push for regulatory and fiscal certainty for the development of large mining investments, while highlighting the natural resources company's willingness to increase its contribution to the country. The President of BHP Americas, Rag Udd, spoke at the World Copper Conference and called for a broad public-private agreement to enable new long-term investments in the mining sector in Chile, guaranteeing faster permit delivery and ensuring regulatory and fiscal certainty. In a panel discussion with other mining company executives, Rag Udd addressed the urgent need to reduce investment uncertainty so that the industry can keep developing capital-intensive projects that can continue to contribute to the country's development.

Glencore Chief Executive Officer, Gary Nagle recently noted: “First quarter production was broadly in line with our expectations, accounting for portfolio changes and operational conditions, including the disposals / closures of some zinc and lead mines in the Americas during 2022. Full year production guidance is unchanged from that presented at Glencore’s investor presentation in December 2022. “Our Marketing segment continued to perform well through Q1 2023, particularly within energy products, such that extrapolating Q1’s Marketing Adjusted EBIT has us, once again, on track to exceed the top end of our $2.2-3.2 billion p.a. long-term guidance range.”

Vale distributed MYR40,000 worth of Hari Raya Aidilfitri food aid to various communities in Manjung. The initiative, which benefits 200 socioeconomically vulnerable families, is a continuation of the company’s flagship MYR2.0 million ‘Vale Bersama Manjung’ community assistance programme, which started during the early days of the pandemic in 2020. To ensure the effectiveness in the delivery of the festive food aid programme, Vale collaborated closely with local community chiefs in Lekir, Beruas, Pengkalan Baharu and Pangkor to identify the families most in need in various locations in the district.

Canada Nickel Company announced assay results that indicate an expansion of high grade, near-surface nickel mineralization at the Texmont property located 36 kilometres south of Timmins, Ontario. Mark Selby, CEO of Canada Nickel Company, said, "The latest assay results continue to confirm our thesis of near-surface high grade intervals within thick mineralized sections which support the potential for near-term, smaller scale, open pit production. Of particular note, we are excited by the near-surface higher grade interval in hole TEX23-32 in the northern lens which is nearly half a kilometre from the southern high-grade lens. We have now planned additional drilling at the northern lens. We are looking forward to delivering an initial resource and Preliminary Economic Analysis ("PEA") on Texmont this year as its near-term production potential is highly complementary to our large-scale Crawford and regional nickel sulphide project potential."

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Power Nickel Inc. by Power Nickel Inc. We own ZERO shares of Power Nickel Inc. Please click here for full disclaimer.


Ty Hoffer
Winning Media
[email protected]