In perspective
Reuters' article never explicitly stated that there is a contract. Market got way ahead of itself. Turnagain mothballed for many years; until now. EV demand for 1st class nickel is growing.
Giga Metals is sitting on a mother lode of 1st class nickel that everyone wants. Elon Musk no need to mention GIGA specifically on Battery Day; just indication to source ethical 1st class nickel from Canada is good enough.