|
Giga Metals Corporation Company Data
| Introduction
| Projects in Hand
| Management
Giga Metals is a junior mining company focused on metals critical to modern batteries, especially those used in electric vehicles and energy storage. The Company’s core asset is the 100%-owned Turnagain Project, located in north-central British Columbia, which contains one of the significant undeveloped sulphide nickel and cobalt resources in the world. Giga is also exploring for sediment hosted copper deposits in Brazil. The Company is seeking strategic partners to advance this project with the objective of building a 37,000 tonnes per year nickel operation. Global Demand Lithium-ion batteries are the fastest growing source of demand for nickel. Experts estimate that 1.5 to 2.5 Mt/y of additional battery-grade nickel is needed by 2040. This would require 40-70 new large mines with suitable products, like Turnagain. Turnagain Nickel-Cobalt Project, British Columbia, Canada Project Highlights
Comparison with Laterite Projects
Management and Directors Mark Jarvis, CEO and Director Mr. Jarvis has more than 30 years of experience in exploration and development of mineral resources, both in oil & gas and metals. After a career financing exploration projects as a stockbroker, he moved to the corporate side of the business in 1996. He joined the board of Ultra Petroleum as Director and was responsible for Corporate Finance and at the time when Ultra had a large unconventional gas prospect that ultimately became 3 TCF of proved reserves. Martin Vydra, President and Director Mr. Vydra is a former executive with Sherritt International. Mr. Vydra is widely recognized as an expert in nickel and cobalt extraction, processing and refining including the development and application of advanced technologies to maximize the recovery of valuable metals such as nickel and cobalt from a variety of feeds. While at Sherritt, his technical accomplishments spanned four continents and over 20 operations.Robert Morris, DirectorMr. Morris served as Executive Vice President with global accountability for sales and marketing of Vale S.A.'s base metals portfolio. Lyle Trytten, Manager of Development Mr. Trytten has more than 25 years' experience in the nickel industry, and was previously General Manager, Sustainability with Sherritt International Corporation at their Alberta nickel refinery. Greg Ross, P.Geo., QP, Project Manager Mr. Ross has over 12 years of experience in the mineral exploration and resource development industries. He has served in Project and Senior Geologist roles for junior mining companies operating in Western Canada. David Tupper, P.Geo., QP, Manager of Exploration Mr. Tupper has over 32 years of mineral exploration experience. He has experience exploring for uranium, gold, base metals and coal in a wide variety of geological settings in North, Central and South America, as well as Asia. Matt Anderson, CPA, CA, B.Comm., Chief Financial Officer Mr. Anderson has extensive experience in financial and accounting related functions based on his experience working with companies such as Claren Energy Corp., I-Minerals Inc. and Callinex Mines Inc., among others. Leslie Young, Corporate Secretary Ms. Young's 25-year background in the junior capital markets started with CM Oliver & Company where she served as Executive Secretary. Ms. Young was Corporate Secretary and Office Administrator for Giga Metals' predecessor company. Holly Millar, B.A., Director of Corporate Communications & Marketing Ms. Millar has more than 10 years of experience in digital and traditional marketing. She has experience working in a wide variety of industries in both Vancouver and Berlin. James Edward Beswick, P.Eng., Fcim, Environmental, Safety and Community Programs Manager Mr. Beswick has over 30 years of experience in environment, permitting and community relations. He was Director of Environment and Permitting for Hillsborough Resources Limited. He is currently the President for the Canadian Institute of Mining Foundation. Anthony Milewski, Chairman of the Board Mr. Milewski is the Chairman of Nickel 28. He has been active in battery metals including investing in cobalt and actively trading physical cobalt. Lyle Davis, P.Eng. (Alberta), MBA, Director Mr. Davis is a director and CEO of Condor Resources Inc. On February 03, 2022, Giga Metals Corp. has entered into an underwriting agreement with a syndicate of underwriters led by Cantor Fitzgerald Canada Corp., as lead underwriter and sole bookrunner, and including Canaccord Genuity Corp., Haywood Securities Inc. and Echelon Wealth Partners Inc. to sell 10.9 million common share units at a price to the public of 34 cents per unit for gross proceeds to the company of approximately $3.7-million. Anticipated use of proceeds received from the sale of the units will be used for development and exploration expenses at the Turnagain project in British Columbia including undertaking a prefeasibility study, as well as for general corporate expenses. On February 01, 2022, Giga Metals Corp. is undertaking an overnight marketed public offering of common share units of the company for anticipated gross proceeds of up to $7.5-million. The offering is expected to be completed pursuant to an underwriting agreement to be entered into between the company and Cantor Fitzgerald Canada Corp. (CFCC) as lead underwriter and sole bookrunner, acting on its own behalf and on behalf of a syndicate of underwriters. On January 31, 2022, Mark Jarvis, CEO of Giga Metals Corp. announced today that a tenure swap has been completed with Copper Fox Metals, which has land on the western border of Giga's Turnagain project in northern B.C. A total of 1,910.28 hectares in a strip along the northwest of the Turnagain claims was traded to Copper Fox in exchange for 2,153.44 hectares towards the southwest portion of the Turnagain claims. "We are very happy to successfully complete this trade," said Mr. Jarvis. "The tenure we acquired covers ground that impinges on our most probable Tailings Management Facility location and also covers our second most likely mill site. The tenure swapped to Copper Fox is not proximal to our deposit and proposed infrastructure and, to the best of our knowledge, has no mineralization of interest." On December 23, 2021, Giga Metals Corp. announce that the drill program at the16,858-hectare Corrente property in the state of Piaui, Brazil, has been temporarily suspended due to weather. Flooding in the area has subsided, but water tables have remained too high for effective drilling. The exploration program is expected to resume in February, 2022. On December 06, 2021, Giga Metals Corp. has commenced a first phase reconnaissance drilling program to test the potential of a series of priority targets generated during 2021 at its sedimentary-hosted copper exploration project, in the state of Piaui, Brazil (see press release dated Feb. 21, 2021). The drill targets on the 16,858-hectare Corrente property to be tested by this initial program are defined by:
Giga Metals to attend 121 Mining Investment Conference in London |
Disclaimer
|