EV Nickel Welcomes Ontario Government Investment in its Clean Nickel (TM) Strategy
EV Nickel Welcomes Ontario Government Investment in its Clean Nickel (TM)
Strategy
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE
SERVICES
TORONTO, ON / ACCESSWIRE / March 6, 2023 / EV Nickel Inc. (TSX-V:EVNI)
("EVNi" or the "Company") today announced the company has received $500,000 CAD in a
partnership with the Ontario government. The non-dilutive funding contribution is for the
advancement of EVNi's "Clean Nickel"™ strategy, which targets the lowest possible carbon cost
for nickel production, at its Shaw Dome Project near Timmins, ON.
"We are proud to have the Ontario government as partners in our evolution as a modern, low-
carbon mining company. Clean, low-carbon mining and processing is the future for North
America's needs in the EV and battery production industry," said Sean Samson, CEO of EVNi.
"We look forward to applying these additional resources to our R&D mandate so we can meet
the current and future carbon intensity expectations of OEMs and EV consumers around the
world."
EVNi is engaged in two separate research and development project streams under their Clean
Nickel™ strategy. This includes their work in advancing "bioleaching"; a process through which
bacteria erodes the rock around the critical mineral naturally and with zero carbon emissions.
The second focuses on developing an integrated carbon capture and storage process, to earn
carbon credits alongside the Clean Nickel™ production.
EVNi's R&D consortium includes a number of labs, post-secondary education institutions and
engineering groups from across the country. The strategy's R&D mandate is being coordinated
through The EPCM Group, a global engineering firm based out of Oakville, ON.
"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," added Samson.
Last week EVNi announced a Maiden Resource for its CarLang A Zone deposit, and the
contained nickel defined in the A Zone is roughly equivalent to the nickel in ~37M Electric
Vehicles and the A Zone represents just the first 20% of the full CarLang (for further detail see
the February 28, 2023 news release).
"We are excited to support emerging, innovative mining companies like EVNi that are at the
forefront of what will be a robust, domestic supply chain for electric vehicle and battery
production in the province," said Hon. George Pirie, Ontario Minister of Mines. "Ontario's
Critical Minerals Strategy is working, and we look forward to seeing EVNi and their partners
succeed in the global market for electric vehicles."
"Our government continues to respond to the incredible economic opportunity available in
Northern Ontario," said Greg Rickford, Minister for Northern Development and Minister for
Indigenous Affairs. "We look forward to continue seeing companies like EV Nickel from
Timmins, ON invest in solutions that will support a robust domestic supply chain for electric
vehicle and battery manufacturing."
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. The Shaw
Dome includes the CarLang Area with more than 10km of mineralization and where the first
20% contains the A Zone- with a Resource which defined 1.25M Indicated and 1.16M Inferred
tonnes of Contained Nickel, and the W4 Zone- the basis of a 2010 historical estimate of 677K
tonnes @ 1% Ni, ~15M lbs of Class 1 Nickel. EV Nickel plans to grow and advance a Clean
Nickel™ 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. The Company is focused on a 2-track strategy with High-
Grade (starting with W4) and Large-Scale targets (starting with CarLang).
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.