Giga Metals Corporation is a Canadian mining company dedicated to providing essential metals for the battery industry, specifically nickel and cobalt. The company’s flagship asset, the Turnagain Project in British Columbia, represents one of the world’s largest undeveloped sulphide nickel deposits. With a strong focus on environmental responsibility, Giga Metals aims to establish the first carbon-neutral nickel mine globally. The company’s strategic approach combines sustainable mining practices with advanced technologies to minimize environmental impact while meeting the growing demand for battery materials in the electric vehicle sector.
Battery Technology
Giga Metals’ contribution to battery technology centers on the production of high-grade nickel sulphide concentrate containing 18% nickel and 1% cobalt, specifically designed for electric vehicle batteries. The Turnagain Project utilizes advanced processing methods to ensure the delivery of premium-grade materials essential for high-performance battery cathodes.
The company’s technical approach incorporates hydroelectric power and electric mining equipment to reduce carbon emissions. Their innovative mineral carbonation process naturally captures CO2, supporting their goal of carbon neutrality. This process involves using mine waste rock to absorb atmospheric carbon dioxide, effectively offsetting mining operations’ emissions.
Through partnership with Mitsubishi Corporation, Giga Metals has enhanced its technical capabilities and market access. The collaboration ensures the implementation of advanced mining technologies and efficient processing methods, resulting in superior-quality battery materials that meet strict industry standards.
Recent Projects
In December 2024, Giga Metals received significant findings from Dr. Stephen Beresford, identifying new high-grade mineral targets within the Turnagain complex. The study revealed potential for Volkovsky-type massive copper sulfide magnetite deposits and semi-massive sulfide Breccia pipes, expanding the project’s scope.
The company completed a positive Pre-Feasibility Study in October 2023, outlining a 30-year production plan. Additionally, Giga Metals announced plans to raise $1.5 million through a non-brokered private placement to support ongoing operations and development.
Investors
Mitsubishi Corporation stands as a significant investor in Giga Metals, holding a 15% equity interest in the Hard Creek Nickel Corp. subsidiary, acquired through an $8 million CAD investment. Giga Metals maintains an 85% controlling interest in this subsidiary, which oversees the Turnagain project development. The company actively engages with potential strategic investors through MarketSmart Communications, their investor relations partner.
Business Details
Location: Vancouver, British Columbia, Canada
Website: https://gigametals.com
LinkedIn: https://www.linkedin.com/company/giga-metals/
