Top 5 Canadian Nickel Stocks of 2024

12 months-to-date achieve: 96.67 p.c; market cap: C$53.03 million; present share value: C$0.59

EV Nickel’s major mission is the 30,000 hectare Shaw Dome asset in Ontario. It contains the high-grade W4 deposit, which has a useful resource of two million metric tons at 0.98 p.c nickel for 43.3 million kilos of Class 1 nickel throughout the measured, indicated and inferred classes. Shaw Dome additionally holds the large-scale CarLang A zone, which has a useful resource of 1 billion metric tons at 0.24 p.c nickel for five.3 billion kilos of Class 1 nickel throughout indicated and inferred classes.

EV Nickel can be engaged on integrating carbon capture and storage technology for large-scale clear nickel manufacturing, with majority funding from the Canadian authorities and Ontario’s provincial authorities. In late 2023, the corporate introduced it was transferring its carbon seize analysis and improvement to the pilot plant stage.

The Canadian nickel exploration firm’s share value began off the 12 months at C$0.30 earlier than steadily climbing to achieve a year-to-date excessive of C$0.69 on February 12.

12 months-to-date achieve: 34.78 p.c; market cap: C$19.53 million; present share value: C$0.115

Exploration-stage Fathom Nickel says its mission is to focus on magmatic nickel sulfide discoveries to help the worldwide electrical car market. The corporate’s Saskatchewan-focused portfolio contains the Albert Lake mission, which holds nickel, copper and platinum-group metals (PGMs), and the Gochager Lake nickel-copper mission. The 90,000 hectare Albert Lake mission hosts the historic and past-producing Rottenstone deposit.

Fathom kicked off its winter exploration program at Albert Lake through the first week of February. Based on the corporate, the primary gap will goal a “very sturdy, very distinguished conductor dominating the northeastern part of the determine.” Fathom can even purpose to additional check and doubtlessly discover the supply of a multi-element soil geochemical anomaly on the Tremblay-Olson claims space. It plans to finish 5 to seven drill holes to that finish.

The corporate’s share value has moved from C$0.12 at first of the 12 months to a year-to-date excessive of C$0.21.

12 months-to-date achieve: 20 p.c; market cap: C$25.31 million; present share value: C$0.12

Sama Assets’ focus is on the Samapleu nickel-copper-PGMs mission in Côte d’Ivoire, West Africa, which incorporates the Samapleu and Grata deposits. Samapleu is a three way partnership between Sama (70 p.c) and Ivanhoe Electrical (30 p.c); Ivanhoe Electrical has the choice to buy as much as a 60 p.c curiosity within the mission.

Within the first few weeks of the 12 months, Sama has already dropped a number of press releases. The corporate shared highlights from its ongoing 3,800 meter winter drilling program on the Yepleu prospect. Importantly, the work has confirmed that newly discovered nickel-copper-PGMs mineralization measures 500 by 400 meters, is close to floor and open in all instructions. Drill results from this system thus far embody drill gap S-349, which intersected 53 meters of mixed mineralization layers grading 0.29 p.c nickel, together with 2.6 meters at 1.31 p.c nickel and 0.95 p.c copper.

Sama’s share value began off the 12 months at C$0.11 earlier than leaping to a year-to-date excessive of C$0.14 on February 12.

12 months-to-date achieve: 13.33 p.c; market cap: C$93.15 million; present share value: C$0.34

FPX Nickel is growing its flagship development-stage Baptiste nickel mission within the Decar Nickel District of BC. The property is host to 4 targets, together with the Baptiste deposit and the Van goal, the previous of which is the corporate’s major goal. The corporate is focusing on each the stainless-steel and battery-grade nickel markets.

FPX Nickel is at present conducting environmental baseline actions, and getting ready for a feasibility examine at Baptiste. In late January, the corporate introduced a C$14.4 million strategic funding from Sumitomo Metallic Mining Canada, which is an entirely owned subsidiary of Sumitomo Metallic Mining (TSE:5713).

By means of CO2 Lock, its majority owned subsidiary, FPX Nickel is pursuing carbon seize and storage expertise as a way of decreasing the carbon footprint related to mining battery metals. In late February, CO2 Lock accomplished the first-ever profitable injection of CO2 right into a brucite-rich ultramafic mineral mission as part of a complete subject program going down at its SAM website in Central BC. “This achievement marks a major milestone within the improvement of CO2 Lock’s progressive in-situ CO 2 mineralization expertise,” states a press launch.

Shares moved from a year-to-date low of C$0.27 in mid-January to a year-to-date excessive of C$0.40 on February 5.

12 months-to-date achieve: 11.2 p.c; market cap: C$240.57 million; present share value: C$1.39

Canada Nickel Firm has honed its efforts on its wholly owned flagship Crawford nickel sulfide mission in Ontario’s productive Timmins Mining Camp. A bankable feasibility examine demonstrates a large-scale nickel deposit with a mine lifetime of 41 years, an after-tax internet current worth of US$2.5 billion and an inside price of return of 17.1 p.c. The corporate has stated it’s focusing on each the electrical car and stainless-steel markets.

A couple of big-name corporations maintain vital possession positions in Canada Nickel, together with Agnico Eagle Mines (TSX:AEM,NYSE:AEM), which holds an 11 p.c stake, and Anglo American (LSE:AAL,OTCQX:AAUKF), which has a 7.6 p.c stake. In February of this 12 months, battery and digital supplies producer Samsung SDI (KRX:006400) made an fairness funding of US$18.5 million for an 8.7 p.c possession stake within the firm.

Canada Nickel’s share value was buying and selling at C$1.14 earlier than leaping to a year-to-date excessive of C$2.24 on January 16.

In early February, the corporate shared that its wholly owned subsidiary, NetZero Metals, is planning to develop a nickel-processing facility and stainless-steel and alloy manufacturing facility within the Timmins Nickel District. Canada Nickel’s share value had slid to C$1.35 on February 5 earlier than rising as much as C$1.46 on February 9 following the information.

Later within the month, Canada Nickel shared profitable outcomes from preliminary infill drilling at its one hundred pc owned Bannockburn property, and introduced a brand new discovery on the Mann property. Mann is a three way partnership with Noble Mineral Exploration (TSXV:NOB,OTCQB:NLPXF) by which Canada Nickel can earn an 80 p.c curiosity.