Articles for tag: Atlantic, discovery, nickel, shares, soar

March 4, 2025

Ron Finklestien

mining

Atlantic Nickel Soars on Exciting New Discovery

First Atlantic Nickel Discovers High-Grade Resource in Newfoundland The Atlantic nickel project is situated 40 km from Grand Falls-Windsor, Newfoundland. Credit: First Atlantic Nickel First Atlantic Nickel (TSXV: FAN) experienced a significant uptick, reaching its highest share price in over two years due to a promising high-grade discovery at its district-scale project in central Newfoundland. Recent drilling at the Super Gulp zone of the Atlantic nickel project included five holes during its initial phase. Notably, the first hole yielded assays of up to 0.32% nickel and 0.8% chromium, with an average of 0.25% nickel and 0.28% chromium over the full

January 10, 2025

Ron Finklestien

mining

“Analysis: Declining Prices of Lithium, Nickel, and Cobalt Signifies Challenges for EV Battery Metals Market”

Global Electric Vehicle Battery Capacity Reaches New Heights Amid Market Shifts From January to October, the world saw a total of 674.6 GWh of new battery power, according to Toronto’s Adamas Intelligence, a firm specializing in EV supply chain research. Increasing Popularity of Hybrid Vehicles The surge in electric vehicle (EV) adoption coincides with a growing preference for hybrid vehicles, which typically contain smaller batteries. This trend reflects a noticeable shift in consumer choice. This year, plug-in hybrid vehicles (PHEVs) have seen a staggering 71% increase in battery capacity compared to a modest 17% growth for fully electric cars. The

October 15, 2024

Ron Finklestien

mining

“Power Nickel Achieves Record-Breaking Intersection in Quebec”

Power Nickel’s Recent Drill Success Ignites Hope for Carbon-Neutral Mining In a promising update, Power Nickel has successfully drilled into the mineralized zone at a depth of 118 meters, building on previous exploration efforts. By using data from earlier drill holes, the company adjusted its drilling approach, moving to a shallower depth further west. This change resulted in a productive strike, raising hopes for the project’s future. “This is very encouraging for lots of reasons: size of the zone, grade, depth of the intersection, and the move westward,” stated Power Nickel’s CEO, Lynch. Power Nickel got involved with the NISK

April 24, 2024

Ron Finklestien

mining

Power Nickel earns 80% of Nisk project in Quebec, adds polymetallic zone

Shares in Power Nickel have soared nearly 60% since it reported the first Lion drill results on April 15. They were up 4% on Wednesday to C41¢ apiece, valuing the company at C$65.6 million ($47.8m). “We have a real sentiment of having found a large prolific area hosting different styles of multi-elements mineralization, each being a smaller part of a much larger system,” Lynch said. “We look forward to ramping up our efforts throughout ’24 and ’25 as we seek to bring these targets to a production decision.” Drill hole PN-24-047 cut 14.4 metres grading of 0.59 gram gold per tonne,

April 23, 2024

Ron Finklestien

mining

Metals Company and SGS produce world’s first nickel sulphate from seafloor polymetallic nodules

Following the successful nickel sulphate production, SGS continues testing to produce what TMC believes will be the world’s first cobalt sulphate from polymetallic nodules. “The production of the world’s first nickel sulphate from deep-seafloor nodules is an important milestone, confirming that our custom flowsheet configuration can be deployed to process these remarkable rocks into final products suitable for use in batteries,” said TMC head of onshore development Jeffrey Donald. “The data collected will inform further engineering decisions to move this towards commercial scale, and TMC continues to expect that initial production will begin with a capital-light approach by leveraging the

March 26, 2024

Ron Finklestien

mining

Exploration Funding Boosts Kenorland’s Nickel Project in Manitoba

The Untouched Terrain For more than twenty years, the South Thompson region has laid dormant, untouched by any significant exploration efforts at a project-scale. Historically, only three exploration campaigns have ventured onto the property, leaving vast swaths of the land unexplored and untapped. The echoes of past geophysical and drilling expeditions by Falconbridge, Amax, and Cominco resonate through the untouched wilderness. A Glint of Discovery The historic groundwork laid by previous explorers bore fruit with the discovery of the neighboring Minago deposit, under the ownership of Flying Nickel. This adjacent deposit boasts a considerable 722 million lb. of measured and

March 22, 2024

Ron Finklestien

mining

Dynamic Changes in Mining Leadership Positions Mining Movers and Shakers: A Look at Recent Executive Appointments

New Leaders, New Strategies Atlas Lithium embraced Brian Talbot as COO and a board member, enhancing its strategic prowess. Meanwhile, Calibre Mining elevated Jason Cyr to VP operations and Andre Morneau to process manager at the Valentine gold mine, fortifying its operational backbone with top-tier talent. Canter Resources adopted Ainesh Mohan as CFO and Jan Urata as corporate secretary, a testament to their financial acuity in guiding the company towards success. Montage Gold welcomed Silvia Bottero as the new EVP of exploration, injecting fresh perspective into their mining explorations. Premier American Uranium entrusted Colin Healey with the role of CEO,

February 9, 2024

Ron Finklestien

mining

Mining Updates: Notable Personnel Changes and Board Appointments Mining Updates: Notable Personnel Changes and Board Appointments

Mandalay Resources has named Hashim Ahmed as its new EVP and CFO, signaling a change in leadership at the company’s upper echelons. In a significant move, President Tim Heenan at Mirasol Resources has been elevated to the position of CEO and has now secured a seat on the board, reflecting a strategic reshaping of the company’s leadership. Nion Nickel has appointed François Vézina as the COO for the Dumont nickel project, with his prior experience at Osisko Development underlining the company’s emphasis on expertise and industry knowledge. Sola Gold announced that president and director Javier Cordova Unda has taken a

February 8, 2024

Ron Finklestien

mining

Turning the Corner: The Resurgence of Industrial Commodity Prices Green shoots for copper, nickel, zinc, aluminium prices 

In a recent trading desk note, Marcus Garvey, head of Macquarie commodities strategy based in Singapore, and a team of analysts, brought forth compelling evidence of the industrial commodity sector’s revival. According to the note, the full set of PMIs for January, particularly the world manufacturing new orders which saw a 1.2pp increase to 49.8, marks a potential turning point for the global industrial cycle, bearing bullish implications for industrial commodities demand. Furthermore, expectations of a smaller reduction in US interest rates this year, as opposed to previous estimates, have bolstered the dollar and exerted downward pressure on metal prices

February 8, 2024

Ron Finklestien

mining

A Mining Crusade: Power Nickel CEO Exposes the Hazards of Naked Short-Selling

Terry Lynch, Power Nickel. Credit: The Northern Miner A crusade for transparency and the survival of junior mining companies against market manipulation is unfolding before our eyes, with Power Nickel (TSXV: PNPN; US-OTC: PNPNF) CEO Terry Lynch leading the charge. Lynch, a steadfast guardian of his company’s fortunes, uncovered what he deemed as persistent and suspicious trading patterns, prompting him to launch an investigation. In 2019, he spearheaded the formation of Save Canadian Mining, an alliance that has rallied industry leaders to confront and counter what he is convinced are illicit short-selling practices aimed at undermining the junior mining sector.