Responsibly reactivating past-producing assets through modern exploration
Class 1 Nickel and Technologies Limited
Class 1 Nickel is a Canadian Stock Exchange listed resource company (CSE: NICO) upgrading and developing its existing nickel-cobalt sulphide portfolio.
Class 1 Nickel owns two high-grade past producing nickel sulphide projects in Tier 1 mining camps, including the Alexo-Dundonald Project with existing NI43-101 Compliant Mineral Resource with significant resource growth and near-term mining potential.
An opportunity steeped in history – reinvigorated by the markets increasing demand for clean nickel
Leverage previous production for a cleaner tomorrow through exploration and growth of a formerly producing resource in need of responsible reactivation to supply the electric revolution
Green Revolution - Energy Metals Opportunity in Canada
Critical battery minerals, particularly nickel and PGEs experiencing unprecedented demand as part of global electrification and decarbonization trend.
Canada’s federal budget includes an investment of at least $1.6 billion for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain
With current trends, Class 1 Nickel is expected to be undersupply
Lithium Battery and EV manufacturers undertaking vertical integration via direct investment to ensure certainty of supply
PROJECTS
INVESTMENT HIGHLIGHTS
Short-Medium Term Cash Flow Potential
- MRE (2024) on Alexo-Dundonald Project and potentially completing a PEA on Alexo South Deposit.
- Multiple local processing options for Alex0-Dundonald which could reduce upfront CAPEX.
Significant Exploration Upside
- Historical drilling at both Alexo-Dundonald & Somanike Projects constrained to relatively shallow depths (~200m).
- Opportunity for deeper drilling on high-grade targets (>1% Ni).
- Resource expansion potential at Alexo-Dundonald.
- Significant potential at Somanike to define a contiguous geological resource down-plunge and along strike of the 4 Marbridge Mine zones.
Strong Nickel Fundamentals
- Nickel market expected to reach 3.5M tonnes by 2030, a CAGR of 7.1% from 2022 to 2030 (GlobeNewswire, March 2023) with nickel demand doubling by 2025 (next investors.com, 2023).
- Tesla is developing cathodes that will contain higher nickel and no cobalt.
Location and Infrastructure
- Flagship Alexo-Dundonald located ~45 km from Timmins, Ontario, close to roads, power and excellent infrastructure
- Pro-mining region known for some of Canada’s most significant mining operations such as Bell Creek and Timmins West (Pan American), Hoyle Pond (Newmont), Taylor (Kirkland Lake) and Kidd Creek (Glencore).
Strong Team
- Class 1 is supported with a strong a board, management and founders, collectively owning 70% of the company
- Impressive technical team,, with a strong track record of nickel sulphide exploration success.