EV Nickel
Financials:
Primary ticker: TSXV:EVNI
Stage of development: Exploration, Development
Primary minerals: Nickel
Project to promote: Shaw Dome Project
Project location: Canada
Website: evnickel.com
Corporate presentation: Click here
EV Nickel’s mission is to accelerate the transition to clean energy.
It is a Canadian nickel exploration company, focussed on the Shaw Dome area, south of Timmins, Ontario. In addition to extensive historic production, the Shaw Dome area is home to the Langmuir W4 Zone, the basis of a 2010 historical estimate of 677K tonnes @ 1.00% Ni, ~15M lbs of Class 1 Nickel. EV Nickel plans to grow and advance a Clean Nickel TM business from its more than 30,000 hectares which contains 100km+ of favourable strike length. EVNi is developing a two-track strategy- with scalable High-Grade and Large-Scale options.
Major shareholders:
Rogue Resources (original March ’21 vendor) – 15%
PrivateCo (April ’22 acquisition vendor) – 6%
Sprott Asset – 5%
Management Ownership – 5%
Management Profile
Sean Samson- President, CEO & Director
Sean Samson- President, CEO & Director. Has helped run mining companies since 2006, first at Kinross where he led 300+ people across eight countries. Then at PE-owned FNI Mining, including six months as interim COO, running a 250 person underground mine. Since 2016 has run Rogue Resources and now its spinout, EVNi.
Won the 2012 Canadian Young Mining Leader award from the CIM.
First 10 years of his career between consulting at Bain and trading for investment banks in New York and Europe. Undergrad from Harvard, MBA from Cambridge (UK) and is a certified Surface Miner in Ontario. Was elected to PDAC board and a Cleantech advisor at MaRS, a Toronto based Innovation Centre.
What is your rationale for taking part 121 Mining Investment?
Looking to expose EVNi’s story, to develop market support and create more investor relationships for potential future raises. Story appeals to macro Nickel investors, ESG focus investors and mining focused funds. Currently financed to get Resources / Tech Reports completed (into 2023) but looking to promote the two-track strategy. Have new drill results from 1H 2022 activity on the High-Grade and will have just completed drilling on the Large-Scale targets (results to come over remaining 2022).
What recent news would you like to highlight to investors attending?
Sept 6 (and July 11 & June 9)- completed drilling on High-Grade target, identified “W4 Extension”
June 13- ROFR in place for permitted mill
May 2- launched Clean Nickel (TM) strategy
April 4- tripled land pkg, to >30K hectares
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Get Phase 3 drill results out– outlining mineralization of the Large-Scale CarLang
6 Months:
Complete Phase 4 (infill) drilling on the High-Grade W4 Extension
12 Months:
Complete New Shaw Dome Tech Report(s)- to likely include updated W4 Resource (High-Grade), maiden CarLang Resource (Large-Scale), Clean Nickel research results, and potential additional acquisitions.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Access to drilling contractors and lab space– aggressively managing parallel options
What do you think makes your company such a compelling investment?
Two-track strategy- with scalable High-Grade and Large-Scale options.
What are the top 3 key investor takeaways?
1- Two-tracks / Optionality
2- enormous potential
3- real team / district and plan