EV Nickel Inc. Launches Comprehensive 2024 Exploration Program

EV Nickel Inc., a mining company, announced a fully funded exploration program for 2024, following a successful financing round that raised over $5 million. The funds will be allocated to advance its two significant nickel deposits near Timmins, Ontario, and explore additional targets within their extensive landholdings.

The exploration will include a variety of methods such as geophysical surveys, metallurgical tests, surface mapping, and diamond drilling, focusing on the CarLang A Nickel Deposit and the Shaw Dome Property. These locations are promising, with the CarLang A deposit featuring a reported 1.1 billion tonnes at 0.24% nickel and the W4 Resource at Shaw Dome boasting 2.0 million tonnes at 0.98% nickel.

Highlighting the environmental focus, EV Nickel aims to ensure sustainable practices in extracting critical minerals essential for the North American battery and stainless-steel markets. The strategic importance of these activities is underscored by support from both Ontario and federal initiatives aiming to enhance North America's supply chain for clean energy resources.