EV Nickel Negotiates Lease and ROFR to Purchase the Patents Hosting the Permitted Carshaw Mill
EV Nickel Negotiates Lease and ROFR to Purchase the Patents
Hosting the Permitted Carshaw Mill
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE
SERVICES
• Negotiated access to the Carshaw Mill site, adjacent to the Company's Carman-
Langmuir exploration target
• EV Nickel may potentially use the site as a Regional Exploration and Technical hub
• Secured Right of First Refusal to purchase the land, including the Permitted Carshaw
Mill Facility
TORONTO, ON / ACCESSWIRE / June 13, 2022 / EV Nickel Inc. (TSX-V:EVNI) ("EVNi"
or the "Company") is pleased to announce it has agreed terms for a Lease and Right of First
Refusal Agreement, pending further due diligence, with a privately held mineral exploration
company that is arms length from EVNi (the "Vendor"), for surface rights overlaying seven
mining patents (the "Lease Properties"), east of Langmuir Road and serviced by a power line, in
Shaw Township, southeast of Timmins, Ontario. The surface rights are beneficially owned or
under option with the Vendor.
EVNi believes that the Lease Properties may provide an excellent future base for its regional
exploration and the Company has also secured a right of first refusal ("ROFR") for acquisition of
the Lease Properties from the Vendor. This ROFR positions EVNi to also acquire the Carshaw
Mill, a permitted processing facility, located on the Lease Properties. The Lease Properties are
located adjacent to the Large-Scale Carman-Langmuir Target, which EVNi plans to drill this
summer.
"Part of our current focus is to secure more land in the Shaw Dome and we've had our eye on
Carshaw for awhile" states Sean Samson, President, CEO of EV Nickel. "With a large focus of
future drilling to be up on the Northeast, moving our team closer to the activity, and closer to
town, is a bonus. Also, there are only two permitted processing mills in the district, this gives us
a ROFR for the surface rights under one of them."
EVNi is now working with the Vendor on the Final Lease Agreement and plans to have this
finalized in the coming weeks.
Exploration Phases
The Company's Phase 2 Drilling is almost complete, with the final holes now underway, testing
the down plunge potential of the High-Grade Langmuir W4 Zone. This work is targeting the
extension of the currently defined mineralized envelope with an objective of identifying
additional down plunge, high-grade nickel mineralization.
Once Phase 2 is complete, EV Nickel will immediately shift into Phase 3, starting with the
Large-Scale Carman-Langmuir Target in the northeast of the Company's land package.
About EV Nickel Inc.
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, 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.
Qualified Person
The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and
Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He
has reviewed and approved the technical information in this press release. There are no known
factors that could materially affect the reliability of the information verified by Mr. Davis.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking information. Such forward-looking statements or
information are provided for the purpose of providing information about management's current
expectations and plans relating to the future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. Any such forward-looking information
may be identified by words such as "proposed", "expects", "intends", "may", "will", and similar
expressions. Forward-looking statements or information are based on a number of factors and
assumptions which have been used to develop such statements and information, but which may
prove to be incorrect. Although EV Nickel believes that the expectations reflected in such
forward-looking statements or information are reasonable, undue reliance should not be placed
on forward-looking statements because the Company can give no assurance that such
expectations will prove to be correct. Factors that could cause actual results to differ materially
from those described in such forward-looking information include, but are not limited to,
changes in business plans and strategies, market conditions, share price, best use of available
cash, the ability of the Company to raise sufficient capital to fund its obligations under various
contractual arrangements, to maintain its mineral tenures and concessions in good standing, and
to explore and develop its projects and for general working capital purposes, changes in
economic conditions or financial markets, the inherent hazards associated with mineral
exploration, future prices of metals and other commodities, environmental challenges and risks,
the Company's ability to obtain the necessary permits and consents required to explore, drill and
develop its projects and if obtained, to obtain such permits and consents in a timely fashion
relative to the Company's plans and business objectives, changes in environmental and other
laws or regulations that could have an impact on the Company's operations, compliance with
such laws and regulations, the Company's ability to obtain required shareholder or regulatory
approvals, dependence on key management personnel, natural disasters and global pandemics,
including COVID-19 and general competition in the mining industry. These risks, as well as
others, could cause actual results and events to vary significantly. The forward-looking
information in this press release reflects the current expectations, assumptions and/or beliefs of
EV Nickel based on information currently available to the Company. Any forward-looking
information speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any
forward-looking information, whether as a result of new information, future events or results or
expressly qualified by this cautionary statement.
Contact Information
For further information, visit www.evnickel.com
Or contact: Sean Samson, Chief Executive Officer at [email protected].
EV Nickel Inc.
200 - 150 King St. W,
Toronto, ON M5H 1J9
www.evnickel.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this
release.
SOURCE: EV Nickel Inc.