Hard Creek Nickel Announces Change of Name to Giga Metals Corporation (Vancouver, B.C.) The Company announced today that it will change its name to Giga Metals Corporation to better reflect the new direction of the Company in its search for
NEWS RELEASE
August 17, 2017 Trading Symbol: TSX.V – HNC
Hard Creek Nickel Announces Change of Name to
Giga Metals Corporation
(Vancouver, B.C.) The Company announced today that it will change its name to Giga
Metals Corporation to better reflect the new direction of the Company in its search for
new opportunities in the battery metals sector.
The Company intends to become a minerals company offering direct exposure to nickel,
cobalt, and possibly other integral raw materials in electric vehicle (“ EV”) and battery
energy storage markets. The Company ’s Turnagain project represents a significant
nickel-cobalt resource and serves as a core project for the Company’s new business
focus. The Company is currently evaluating other battery m etal projects as potential
acquisitions.
EVs have entered into the mainstream at economically attractive price points to the mass
market. Increasing demand for EVs is expected to drive investor demand for battery
metals, particularly nickel and cobalt, which are important components in batteries.
Management intends to pursue a business model that offers direct and long -term leverage
to nickel and cobalt price appreciation through owning substantial projects containing
these two metals and possibly other battery metals.
“Our new name reflects our focus on the raw materials needed for modern electric
batteries,” said Mr. Jarvis. “Nickel is one of the principal materials in EV batteries.
Cobalt, which is a significant byproduct of our Turnagain nic kel deposit, is a second
critical component of the batteries used in EVs. We are also actively looking for other
acquisition opportunities in the battery metals space.”
The name change is subject to regulatory approvals.
“Mark Jarvis”
MARK JARVIS, President
HARD CREEK NICKEL CORPORATION
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Suite 203, 700 West Pender Street, Vancouver, BC, Canada V6C 1G8 T: 604-681-2300
E: [email protected] W: www.hardcreeknickel.com