Fathom Nickel - One to Watch as EV Production Soars Nickel, one of the world’s most used and utilized metals. It has uses in nearly everything.
- Electronics (A central component of batteries)
- Steel (due to its high anti-corrosion properties)
- Armour, pipes, nails, etc. nickel is used in a wide variety of things.
- Even Elon Musk scrambled to find a deal to secure a consistent source of nickel for Tesla. He recently signed a deal with BHP for nickel.
Fathom Nickel hopes to help satisfy the increase of demand in nickel (mainly due to EVs). By 2030 nickel is estimated to account for around 59% of total demand, up from today's 5%. Their Albert Lake project is looking very promising
- The historic Rottenstone mine is on it (since 1929)
- Permits in hand and increased the land package to 90,000+ hectares
- Within 15km to access power and infrastructure
- Located on the Trans Hudson Corridor (a prominent corridor host to numerous nickel mines)
- A 2017 survey at Rottenstone returned 3.99% Ni, 1.32% Cu, 970ppm Co,and 12.60 g/t Pt-Pd + Au
Overall, the numbers, results, and location look promising, in addition to the fact that there already completed the first drilling program with no unexpected delays and are on track to begin another program in Q3. When all the results and samples return, I can say this will see another run back up to the $0.70 levels, if not beyond.