Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Pat Maggitti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 21
EV Nickel Inc. Reports Results of 2025 Diamond Drill Hole Program - Extension of Nickel Mineralization on Gemini North EV NICKEL INC. announced assay results from 15 diamond drill holes completed as part of its 2025 diamond drill program at the Shaw Dome Project. The program was designed to test the western extension of the Gemini North Zone (10 holes) and evaluate regional targets associated with the CarLang C Area (5 holes). Assay results have been received for all 15 holes drilled on the Shaw Dome Project. Fourteen of the 15 drill holes intersected nickel mineralization associated with dunite and peridotite host rocks within the CarLang Trend. The Gemini North Zone is located at the northeastern end of the CarLang Trend and represents an interpreted dunite/peridotite body measuring approximately 1,000 metres by 500 metres. Gold, platinum, and palladium were analyzed by fire assay with an ICP-OES finish. Assay results may vary from time to time due to re-analysis conducted as part of ongoing QA/QC procedures. The Company also announces that it has granted 272,728 restricted share units ("RSUs") to directors of the Company. Each RSU entitles the holder to receive one common share of the Company upon vesting. The RSUs vest in equal tranches as follows: one-third after 12 months from the date of grant, one-third after 24 months, and the remaining one-third after 36 months. The RSUs were issued pursuant to the Company's equity incentive plan, the applicable RSU agreements, and the policies of the TSX Venture Exchange. Tillkännagivande • Nov 11
EV Nickel Inc., Annual General Meeting, Dec 17, 2025 EV Nickel Inc., Annual General Meeting, Dec 17, 2025. Tillkännagivande • May 27
EV Nickel Inc. Announces Results for the Final 6 Additional Holes of the Year-To-Date 2025 Diamond Drill Program Designed to Explore the Recently Discovered Gemini North Zone on Its Shaw Dome Project EV Nickel Inc. announced results for the final 6 additional holes of the year-to-date 2025 diamond drill program designed to explore the recently discovered Gemini North Zone on its Shaw Dome Project. Assay results have been received for the 12 holes completed on the Gemini North Zone. All 6 of the holes reported in this release intersected similar style sulphide mineralization as previously reported for the Gemini North Zone. The Gemini North Zone is located on the northeastern end of the CarLang Trend representing an interpreted dunite/peridotite body that covers an area of approximately 1000 metre by 500 metre. Nickel mineralization associated with higher sulphur contents were intersected in all 12 holes of the 2025 Gemini North diamond drill program. The drill program was designed to determine the orientation of the sulphide associated nickel mineralization around hole EV24-CAR08 in preparation for the more intensive Phase 2 drill program. The nickel sulphide zone is currently open in all directions indicating that the target zone extends beyond the limits of the Phase 1 drill program. The Phase 2 diamond drill program is being designed (i) to test the area around the Gemini North Zone, (ii) to define the extent of the higher-grade sulphide zones, and (iii) to provide an assessment of the Gemini North's overall potential. Surface sampling located to the west and south of the Gemini North zone identified a broad area of >0.24% nickel mineralization that are yet to be drilled tested. The correlation between elevated sulphur contents and enhanced recovery characteristics has been well established in large-scale nickel projects within the Timmins Area. Notably, the Gemini North Zone has demonstrated consistently higher sulphur grades over longer drill intercepts compared to other mineralized zones in the region, underscoring its distinctive geological character. This evidence supports the interpretation that Gemini North may represent a substantial, potentially standalone, nickel sulphide zone within the Shaw Dome Project. Historic diamond drilling reports, available in the Ministry of Energy and Mines Assessment Files, along the eastern boundary of the CarLang C area, where the Gemini North Zone is located, has described visible disseminated sulphides associated with serpentinized peridotites and dunites. As part of Phase 1 exploration in 2025, a reconnaissance diamond drill program comprising five holes was completed within these prospective zones. As part of the Company's ongoing metallurgical test program, a total of 6 composite samples from the Gemini North Zone have been shipped to SGS Canada Inc. Samples were selected from the 2025 drill program and shipped to SGS Canada Inc.'s testing facility in Lakefield, Ontario. The program will complete both open cycle and closed cycle flotation tests, mineralogical analysis and comminution testing to define the recovery and physical properties of the Gemini Zone with the objective to define the optimal flow sheet to efficiently recover the critical minerals associated with the Zone. Ontario Junior Exploration Program Funding Update. Tillkännagivande • Dec 28
EV Nickel Inc. Elects Mike Silver as Members of the Board of Directors EV Nickel Inc. at its annual general meeting held on December 18, 2024, elected Mike Silver as members of the board of directors of the Company to hold office until the next annual meeting of shareholders. Tillkännagivande • Dec 13
EV Nickel Inc. Announces Positive Mineralogical Results for New Large-Scale Zone EV NICKEL INC. announced the results of Quantitative Evaluation of Materials by Scanning Electron Microscope and Electron Probe Microanalysis completed by XPS Sudbury, on selected samples from drill hole EV24-CAR08 located in the CarLang C target area. Following the encouraging higher-grade intercepts from diamond drill hole EV24-CAR 08, announced in October 8, and Nov. 5, 2024 press releases, these QEMSCAN results confirm that the higher grade drill results are associated with nickel sulphides observed in the drill core with mineralization that could be associated with improved recovery rates and result in a higher-grade concentrate output. The Company is now turning its focus to this new zone as its top priority in the 2025 exploration program and is launching the zone the Gemini North Zone. Technical Details. Additional work would need to be completed by the Company to confirm the volumes of carbon that could be captured by the host peridotites. EVNI is currently developing its 2025 exploration program for the Gemini North Zone and CarLang C area and expects to complete diamond drilling, geophysical analysis, metallurgical and mineralogical studies with an objective of defining a new resource covering the nickel mineralization identified in the 2024 exploration program. Drill core samples from EVNi drilling at the CarLang C Target were cut and bagged at the core logging facility located near the Shaw Dome Project and transported to Activation Laboratories Limited ("Actlabs") in Timmins for preparation and analysis. Samples, along with certified standards and blanks, that are included by the Company for quality assurance and quality control, were prepared and analyzed at the laboratories. Nickel, copper, cobalt, iron and sulphur are analyzed by peroxide fusion with an ICP-OES finish and gold, platinum and palladium are analyzed by Fire Assay with an ICP-Oes finish. These and future assay results may vary from time to time due to re-analysis for quality assurance and quality control. Tillkännagivande • Nov 14
EV Nickel Reports Precious Metals Assays Associated with Elevated Nickel Mineralization in Hole Ev24-Car08 on the CarLang C Zone EV Nickel Inc. announced the precious metal assay results ("PGMs") for hole EV24-CAR08 located in the CarLang C target area that intersected significant drill intercepts of elevated nickel mineralization associated with apparent magmatic sulphides observed within the diamond drill core. Diamond drill hole EV24-CAR08 is located on the northern end of the CarLang C target . Results for the newly discovered zone Carlang C Zone included the highest nickel grades to date on the CarLang trend and as a result of the higher sulphur contents intersected in hole EV24-CAR08, EV Nickel had the entire length of the hole analyzed for the gold (Au), platinum (Pt) and palladium (Pd) contents after having received the higher-grade nickel intercepts associated with the visible disseminated sulphide mineralization. The Au, Pt and Pd values are significantly elevated compared to the CarLang A target area. In order to better understand the style of mineralization associated with hole EV24-CAR08, selected samples from the hole were submitted to XPS Sudbury for mineralogical characterisation with detailed modal mineralogy and nickel deportment utilizing QEMSCAN (quantitative evaluation of materials by scanning electron microscopy) and EPMA (electron-probe micro analysis). This work will provide the definitive identification of the nickel bearing minerals in the samples and the nickel distribution associated with each of the hosting minerals. The Company is designing its 2025 exploration programs to expand and define the size of the nickel mineralization identified in hole CAR08. Exploration work will include diamond drilling, geophysical surveys and metallurgical studies. The PEA Technical Report for the CarLang A Deposit is being completed and is scheduled for release in the coming weeks. The CarLang A Deposit contains in accordance with National Instrument 43-101, a combined Resource of 1.1B tonnes @ 0.24% Ni consisting of an Indicated Resource of 0.5B tonnes @ 0.25% Ni and an Inferred Resource of 0.5B tonnes @ 0.23% Ni. Tillkännagivande • Oct 09
EV Nickel Inc., Annual General Meeting, Dec 18, 2024 EV Nickel Inc., Annual General Meeting, Dec 18, 2024. Tillkännagivande • Oct 08
EV Nickel Inc. Intersects 3 New Zones of Mineralization on the Carlang Trend Including Highest Nickel Grades to Date & Significantly Extends Strike Length by 7Km EV NICKEL INC. announce exploration results for its recently completed diamond drill program on the CarLand trend. The diamond drill program confirmed the presence of near surface nickel mineralization equal to, or better than CarLang A over 3 new target areas including CarLang B, CarLang C and CarLang E representing over 7 kilometres of additional strike length for the Large Scale Style Nickel Mineralization. Results for the newly discovered zone Carlang C Zone included the highest nickel grades to date on the CarLang trend. The CarLang C zone covers an area of approximately 2 kilometers long by 1.5 kilometers wide and is approximately double the area of the Company's Carlang A zone which host its deposit. The CarLang A Deposit contains in accordance with National Instrument 43-101, a combined Resource of 1.1B tonnes @ 0.24% Ni consisting of an Indicated Resource of 0.5B tonnes @ 0.25% Ni and an Inferred Resource of 0.5B tonnes @ 0.23% Ni. The Carlang C Zone was originally defined by Government of Ontario mapping and geophysical interpretation. All ten holes intersected significant, near surface widths of dunite and peridotites that are similar, or better than that observed for the CarLang A Deposit. Seven of the ten diamond drill holes ended in the host dunites and peridotites, and did not define the basal contact of these units. Holes EV24-CAR06 and EV24-CAR08 intersected significantly better nickel grades than had been observed at the CarLang A Deposit with drill intercepts of 241.70 metres grading 0.30% Ni and 234.00 metres grading 0.28% Ni, respectively. Additional zones of higher-grade nickel mineralization were observed in both holes with EV24-CAR06 intersecting 7.50 metres grading 0.56% Ni and 1.5 metres grading 0.96% Ni. EV24-CAR08 intersected three separate higher-grade zones of 37.50 metres grading 0.37% Ni, 13.50 metres grading 0.39% Ni and 19.50 metres grading 0.37% Ni with 1-5% disseminated sulfide observed in drill core. Of significance is that both EV24-CAR06 and EV24-CAR08 bottomed in higher grade dunite/peridotite with assays of 0.27% Ni (CAR06 250.50 to 252.00 metres) and 0.35% Ni (CAR08: 250.50 to 252.00 metres), respectively indicating that the zone has not been closed off at depth and that the holes were still in nickel mineralization when they were stopped. Holes EV24-CAR06 and EV24-CAR08 are approximately 1.5 kilometres apart suggesting a potentially higher-grade zone of nickel mineralization on the western side of the CarLang C mineralized trend over this widely spaced drill area. Tillkännagivande • Sep 05
EV Nickel Confirms High-Grade Nickel at Langmuir #2 Intersecting Nickel Grades from 1.07% to 5.11% EV NICKEL INC. announced high-grade nickel intercepts from the 2024 drill program on the Langmuir #2 Nickel Zone. Results are illustrated in Table 1 below and with intercepts grading from 1.07% Ni to as high as 5.11% Ni in drill hole EV24-L04. In addition, the assay analysis indicates that the nickel sulphides have a higher than expected nickel tenor ranging from ~12% to >40% Ni (nickel tenor is a calculated nickel content in 100% sulphide). The high-grade assay results announced represent the first 4 holes of the 2024 program targeting the down plunge high-grade nickel associated with the formerly producing Langmuir #2 Nickel Mine (For the Langmuir #2 Zone location in the Shaw Dome Project). The Langmuir #2 target represents the first of 4 high-grade nickel zones to be tested by the Company which also include the W2 and Croxall nickel targets identified with limited historical exploration over the past 20 years. The Company previously released its 43-101 Technical Report on the 2Mt grading 0.98% Ni high-grade W4 deposit (comprised of a Measured and Indicated Resources of 1.45Mt grading 0.98% Ni and Inferred Resource of 0.56Mt grading 0.98% Ni; see news releases dated June 16, 2023 and July 26, 2023). The Company plans to diamond drill the additional high-grade targets over the coming months to advance on the high-grade nickel strategy with an objective of advancing towards a short to medium term source of Canadian nickel into the EV Battery manufacturing supply chain. The High-Grade targets and deposits in the southern portion of Land package is in addition to EVNi's Large-Scale CarLang A Nickel Deposit located approximately 2km to the northeast of the Langmuir #2 zone. Together, the high-grade and large-scale deposits provides EVNi with a project pipeline with the potential to grow a strong, sustainable nickel source for North American markets. This diamond drill hole program is designed to confirm the down-plunge potential and demonstrate the exceptional potential of the mineralized trend that hosts additional high-grade nickel sulphides. The objectives of this program include expanding the known mineralization along the interpreted plunge of the mineralization and expanding the size of the nickel sulphide mineralized envelope. In addition, this program has provided EVNi with fresh samples of the nickel sulphide mineralization. Following on the successes of the Langmuir 2 drilling program, EVNI will continue to execute on the remainder of the 2024 diamond drilling program testing the continuity of the 10 kms of strike of the dunites and peridotites of the CarLang Trend and test the extension of the W4 deposit below the current resource envelope to define the mineralization boundary below 400 metres vertical depth. Drill core samples from EVNi drilling at the Langmuir #2 Target were cut and bagged at the core logging facility located near the Shaw Dome Project and transported to ALS Canada Ltd. ("ALS") for analysis. Samples, along with certified standards and blanks, included by the Company for quality assurance and quality control, were prepared and analyzed at ALS. Samples were crushed at ALS to 70% less than 2 millimetres. A riffle split was pulverized to 85% passing 75 microns. Nickel, copper, cobalt and sulphur are analyzed by sodium peroxide fusion with an ICP finish and platinum, palladium and gold by fire assay and an ICP-AES finish. These and future assay results may vary from time to time due to re?analysis for quality assurance and quality control purposes. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Gadi Levin was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • Jun 18
EV Nickel Inc. Provides Update on 2024 Exploration Plan and Initiates Diamond Drill Program on High Grade Target EV Nickel Inc. provided an update on its 2024 Exploration Plan and the commencement of diamond drilling on the Langmuir #2, high priority nickel target. 2024 Exploration Program: A systematic exploration program has been developed consisting of geophysical surveys, metallurgical test work, surface mapping and sampling and diamond drilling of both the priority, high-grade exploration targets and along the prospective 10 km+ CarLang Trend and to continue to advance the Company's at-surface large scale, CarLang A Nickel Deposit. The Company will also be commencing a diamond drill programs on its priority, high-grade nickel targets contained within the Shaw Dome Property starting in mid-June. Exploration diamond drilling will focus on areas with known occurrences of high-grade nickel including the Langmuir #2 Nickel Zone and the extension of the previously announced W4 Resource, in accordance with National Instrument 43-101, consisting of a combined Resource of 2.0M tonnes @ 0.98% Ni for 43.3M lbs of Class 1 Nickel consisting of Measured and Indicated Resources of 1.45M tonnes @ 0.98% Ni and Inferred Resources of 0.6M tonnes @ 0.98% Ni as well as on other prospective high-grade nickel targets in the area. Tillkännagivande • Jun 08
EV Nickel Surface Sample Program Identifies Significant Extension of Large-Scale Nickel Mineralization Along the Carlang Trend EV NICKEL INC. announce assay results from 148 surface samples from the CarLang Trend targeting areas over the Large-Scale nickel target in the northeast of its Shaw Dome Project. The surface sampling program was focused on the Carlang B target, one of 5 large scale targets identified on the Company's Shaw Dome Project located approximately 2km from its flagship Carlang A deposit. The surface sampling program was designed to identify the distribution of dunites and peridotites along the northwestern arm of the CarLang Trend in an area, referred to as CarLang B, focusing on an area approximately 1.8km long by 0.5km wide. Of the 148 samples submitted for analysis, 123 of the samples were from the targeted peridotites and dunites, where 79% of the assay samples graded 0.24% nickel or better, ranging from 0.15% Ni to 0.34% nickel, indicating that the CarLang B area represents another potential zone of similar grade material as the Company's flagship CarLang A Deposit. The Carlang A deposit hosts, in accordance with National Instrument 43-101, a combined Resource of 1.1B tonnes @ 0.24% Ni consisting of an Indicated Resource of 0.5B tonnes @ 0.25% Ni and an Inferred Resource of 0.5B tonnes @ 0.23% Ni. As part of the 2024 summer field season, the Company intends to expand the detailed surface sampling program to include the remaining areas along the CarLang Trend to the north and east of the CarLang A Deposit. This work is expected to begin in mid-June and will be coordinated with other work to be completed on the CarLang A Deposit including a potential stripping and mapping program. Additional details on the exploration program will be released in due course. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Gadi Levin was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • Apr 16
EV Nickel Announces Fully Funded Exploration Program EV Nickel Inc. announced its 2024 exploration program. Following the closing of a $5,119,750 flow-through financing on March 28, 2024, the Company has designed an impactful exploration program to advance its two significant Nickel deposits and evaluate other targets on its extensive land package near Timmins Ontario, Canada. A systematic exploration program consisting of geophysical surveys, metallurgical test work, surface mapping and sampling and diamond drilling along the prospective 10 km+ CarLang Trend has been designed to continue to advance the Company's at-surface large scale, CarLang A Nickel Deposit, which hosts, in accordance with National Instrument 43-101, a combined Resource of 1.1B tonnes @ 0.24% Ni for 5.3B lbs of Class 1 Nickel consisting of Indicated Resource of 0.5B tonnes @ 0.25% Ni and an Inferred Resource of 0.5B tonnes @ 0.23% Ni (see press release dated February 28, 2023 and/or SEDAR filing dated April 12, 2023). The Company will also be completing diamond drill programs on its priority, high-grade nickel targets contained within the Shaw Dome Property. Exploration diamond drilling will focus on areas with known occurrences of high-grade nickel including the extension of the previously announced W4 Resource, in accordance with National Instrument 43-101, consisting of a combined Resource of 2.0M tonnes @ 0.98% Ni for 43.3M lbs of Class 1 Nickel consisting of Measured and Indicated Resources of 1.45M tonnes @ 0.98% Ni and Inferred Resources of 0.6M tonnes @ 0.98% Ni (see press release dated June 12, 2023 and/or SEDAR filing dated July 26, 2023) as well as on other prospective high-grade nickel targets in the area. EV Nickel's mission is to provide the world with clean nickel from Tier 1 jurisdictions. projects are located within 30 km of Timmins, a developing hub of clean critical minerals for the North American battery and stainless-steel markets and an important emerging critical mineral district for the North American efforts to bring on-shore the full vertical integration of electric batteries and vehicles. EV Nickel aims to play an integral part of the North American on-shoring initiative as the Company's clean low carbon deposits can be an important source of supply to support the Inflation Reduction Act (IRA) and Ontario and Federal policies and initiatives which strive to bring clean critical mineral production from Canada into the North American supply chain and globally. In further support of this initiative, the Company has and will continue to partner with environmentally responsible and ethical organizations from around the province and around the world to assist in developing these essential critical minerals. EV Nickel is also eager to collaborate with all stakeholders and leading sustainable engineering, mining, automotive and battery companies to provide this key input to support global decarbonization initiatives. The governments of Ontario and Canada are also providing significant legislative, policy and financial support to help ensure that the Timmins region becomes a leading participant in the developing North American supply chain for the clean transition energy. Tillkännagivande • Mar 29
EV Nickel Inc. announced that it has received CAD 5.11975 million in funding On March 28, 2024, EV Nickel Inc. closed the transaction. The company has paid the agents a cash fee equal to CAD 358,382.52 and 446,017 compensation warrants. Each compensation warrant entitles the holder thereof to one common share at a price of CAD 0.75 per common share until the close of business on the date which is 24 months from the closing date of the offering. Tillkännagivande • Mar 05
EV Nickel Inc. announced that it expects to receive CAD 3.5 million in funding EV Nickel Inc. announced that it has entered into an agreement with PowerOne Capital Markets Limited and Clarus Securities Inc. on best-efforts basis to issue 4,666,667 flow-through common shares at an issue price of CAD 0.75 per share for the gross proceeds of CAD 3,500,000.25 on March 4, 2024. Closing of the Offering is anticipated to occur on or about March 28, 2024 or such other date as may be agreed to by the Company and Clarus. The securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the Closing Date in accordance with applicable securities legislation. This proposed Offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.3m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€11.6m market cap, or US$12.6m). New Risk • Nov 01
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$635k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-CA$635k). Shareholders have been substantially diluted in the past year (129% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€6.03m market cap, or US$6.38m). Tillkännagivande • Oct 21
EV Nickel Inc., Annual General Meeting, Dec 20, 2023 EV Nickel Inc., Annual General Meeting, Dec 20, 2023. Board Change • Oct 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Gadi Levin is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Sep 28
EV Nickel Inc. Announces the Ongoing Results of the Optimization Phase of the Bioleaching Application on its High-Grade W4 Sulphide Zone EV Nickel Inc. announced the ongoing results of the Optimization Phase of the Bioleaching Application on its High-Grade W4 Sulphide Zone ("W4"), located in the Shaw Dome Project, just outside Timmins, Ontario. Building on the Preliminary Results, the Optimization Phase has successfully produced Ni and Co mixed hydroxide precipitate ("MHP") and advanced the research to prepare for development of a Pilot Plant, to demonstrate the technology in an operational environment. Three cultures were selected for bulking up and adaptation with two adaptation tests prepared using the rougher concentrates and one adaptation test using the cleaner concentrate. The adaptation test programs were complete in August and were monitored to determine the metal concentrations of the leach liquor, pH, temperature, oxidation-reduction potential and bacterial activity. The research has continued with EVNi's technical partners at RPC. Results of this adaptation program indicated that greater than 90% of the Ni and Co were extracted from the concentrates within a 7 day period during the batch bioleach setup. Measurements of the concentration of Ni, Co, Cu, Fe and Mg were monitored through the process and the resulting solution has been interpreted by RPC as being ideal for Ni and Co recovery and iron removal. Precipitation tests completed on the leach liquor successfully extracted Ni and Co as a MHP and a precipitate of magnesium hydroxide representing potentially saleable products into the battery manufacturing industry and chemical/manufacturing industries. Preliminary results demonstrate that 99.8% of the Ni, 99.9% of the Co and 99.9% of the Mg can be precipitated and captured from the PLS. The results of the Optimization Phase have been incorporated into the development of the flow sheet design utilizing the process parameters and conditions observed during the program. Given the ongoing success of the test work to date, EVNi will now advance to the Pilot Plant Phase, under the supervision of EPCM Engineering of Oakville, Ontario ("EPCM"). If successful, the Tank Bioleach scenario could facilitate a small footprint, localized production of a product directly required by the planned battery plants. This potentially avoids the need to send concentrate to foreign-owned smelters and refiners plus cuts down on the distance material currently travels, before reaching the state which the battery plants require- a current challenge for the industry. The Tank Bioleach scenario could precipitate the end product to match the input specifications of the customers, a huge benefit to the new buyers of nickel. Tillkännagivande • Sep 15
John Paterson to Join the Board of EV Nickel Inc EV Nickel Inc. announced that John Paterson will be joining company's Board effective immediately. Mr. Paterson's career is in finance and law working in both domestic and international financial institutions. With extensive corporate experience, he is currently a board member and advisor to companies in various industries and areas, including strategy, planning, and execution. New Risk • Sep 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 127% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (127% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€4.21m market cap, or US$4.49m). Tillkännagivande • Sep 15
EV Nickel Inc. announced that it has received CAD 2.10002 million in funding EV Nickel Inc. has closed the transaction on September 14, 2023.The company issued 33,633,333 units for gross proceeds of CAD 2,018,000 in its second and final tranche bringing the total funds raised in the transaction to CAD 2,100,020.The company paid CAD 88,761 and 1,479,357 in common share purchase warrants.Each finder's Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.09 for a period of 24 months following the Closing Date. PowerOne Capital Markets Limited acted as a finder in connection with the Offering.The transaction received participation from three new strategic investors consisting of two generalist financial investors, John Paterson ("Mr.Paterson") and Hegemon VC EVNi, LLC ("Hegemon"), and one industry participant.In connection with the Offering, and pursuant to Investor Rights Agreements (each, an "Investor Rights Agreement") entered into with each of the New Strategic Investors, each New Strategic Investor was also granted the right to nominate a candidate to the EVNi board of directors (the "Nomination Rights"). One of the New Strategic Investors, John Paterson, will hold Nomination Rights until December 31, 2025, and the other two New Strategic Investors will retain their Nomination Rights provided they continue to hold at least 5% of the Common Shares. Each of the New Strategic Investors has also been granted a right to maintain their pro-rata interest in the Company in future financings. Tillkännagivande • Jul 27
EV NICKEL INC. Announces Completion of NI 43-101 Technical Report for Previously Announced Updated Resource Estimate on the High-Grade W4 Deposit EV NICKEL INC. announced the completion of a National Instrument 43-101 technical report supporting the updated mineral resource estimate ("MRE") for the W4 Nickel Deposit ("W4 Deposit"), a High-Grade nickel deposit in the southeast of its Shaw Dome Project. EVNi completed diamond drilling on the W4 Nickel Deposit between 2021 and 2023, combing this new data with historical drilling completed on the Langmuir W4 Zone by Golden Chalice Resources to complete an updated MRE in accordance with NI 43-101. The updated MRE reports Measured Resources of 0.49Mt or 11.5M pounds of contained nickel, Indicated Resources of 0.96Mt or 19.7M pounds of contained nickel, and Inferred Resources of 0.56Mt or 12.1M pounds of contained nickel. This Updated MRE was modeled to ~500 m from surface while the 2010 historical resource estimate was to ~400 m from surface. The W4 Nickel Deposit remains open at depth and along plunge. For context - equivalent number of EVs in the Resource's contained nickel: It is estimated that the average electric vehicle battery requires ~145 pounds of nickel (Bloomberg New Energy Finance ("BNEF") estimate, for 100kWh battery1) and based on this, the Contained Nickel in this Updated Mineral Resource Estimate represents the equivalent nickel which would be used in roughly 300K electric vehicles. On a Nickel Equivalent basis, the Measured & Indicated Resources of 31.3M pounds at 0.98% Ni, works out to 33.0M NiEq pounds (2.16x the 2010 historical estimate) and the Inferred Resources of 12.1M pounds at 0.98% Ni works out to 12.7M pounds (3.71x the 2010 historical estimate). Core Handling and Assay-QA/QC Procedures: Drill core samples from EVNi drilling at the W4 Nickel Deposit were cut or whole core sampled and bagged at the core logging facility located near the Shaw Dome Project and transported to ALS Canada Ltd. ("ALS") for analysis. Samples, along with certified standards and blanks, included by the Company for quality assurance and quality control, were prepared and analyzed at ALS. Samples were crushed at ALS to 70% less than 2 millimetres. A riffle split was pulverized to 85% passing 75 microns. Nickel, copper, cobalt and sulphur are analyzed by sodium peroxide fusion with an ICP finish and platinum, palladium and gold by fire assay and an ICP-AES finish. These and future assay results may vary from time to time due to re?analysis for quality assurance and quality control purposes. Calculation of the New Resource Payment: As part of the original consideration paid to Rogue Resources for vending the Langmuir Project to EVNi in 2021, Rogue is owed a future payment based on the size of an updated new mineral resource estimate (the "New Resource Payment"). This Updated MRE now triggers this payment by EVNi and it is due within 60 days of this Technical Report being filed. The payment has a calculation formula, and is capped at $5,000,000, to be paid in cash, EVNi shares, or a combination thereof to be determined by EVNi. Originally due in 2021, Rogue amended the Langmuir Asset Purchase Agreement, granting until the end of 2023 for EVNi to complete the Updated MRE. In exchange for this amendment, EVNi agreed to provide Rogue with access to an advance on the New Resource Payment, and as of July 31, 2023, that will total $375,284, including the interest due. This advance will be subtracted from the New Resource Payment amount due. EVNi has indicated to Rogue that it plans to settle the remaining value of the New Resource Payment completely in shares and independent directors of both companies will be in communication about the specifics. Tillkännagivande • Jul 18
EV Nickel Inc. announced that it expects to receive CAD 1 million in funding EV Nickel Inc. announced a non-brokered private placement of 16,666,666 units at an issue price of CAD 0.06 for gross proceeds of up to CAD 1,000,000 on July 17, 2023. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of CAD 0.09 for a period of 24 months following the closing date of the offering. A finder’s fee may be paid on a portion of the proceeds from the offering. Closing of the offering is subject to customary closing conditions including, but not limited to, the receipt of applicable regulatory approvals, including the approval of the listing of the shares on the TSX Venture Exchange. Board Change • Jul 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Gadi Levin is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 13
Ev Nickel Inc. Updates Resource Estimate on the High-Grade W4 Deposit- More Than Doubles 2010 Historical Estimate EV NICKEL INC. announced an updated mineral resource estimate for the "W4 Deposit", a High-Grade nickel deposit in the southeast of its Shaw Dome Project. EVNi completed diamond drilling on the W4 Deposit between 2021 and 2023, combing this new data with historical drilling completed on the W4 Zone by Golden Chalice Resources to complete an updated MRE in accordance with National Instrument 43-101. The updated MRE reports Measured Resources of 0.49Mt or 11.5M pounds of contained nickel, Indicated Resources of 0.96Mt or 19.8M pounds of contained nickel, and Inferred Resources of 0.56Mt or 12.1M pounds of contained nickel . This Updated MRE was modeled to 500 m from surface while the 2010 historical resource estimate was to 400 m from surface. The W4 Deposit remains open at depth and along plunge. On a Nickel Equivalent basis ("NiEq"), this Measured & Indicated Resources of 31.3M pounds at 0.98% Ni, works out to 33.2M NiEq pounds (2.2x the 2010 historical estimate on a NiEq basis) and the Inferred Resources of 12.1M pounds at 0.98% Ni works out to 12.9M pounds (3.8x the 2010 historical estimate on a NiEq basis). Tillkännagivande • May 06
EV Nickel Inc. Announces EVNi Clean Nickel(TM) R&D - Preliminary Results Confirm Bioleaching Potential for the W4 Nickel Sulphides EV Nickel Inc. announced the results of a Technical Evaluation of Bioleaching Application on its High-Grade W4 Sulphide Zone ("W4"), located in the middle of EVNi's Shaw Dome Project, just outside Timmins, Ontario. The evaluation was completed by the Research and Productivity Council ("RPC") of Fredericton, New Brunswick. RPC raised locally occurring bacteria from Shaw Dome water samples and then developed two conceptual flow sheets to process the material through: a Whole Ore to Heap Bioleach; and a Crushing-Grinding-Flotation to Tank Bioleach. RPC completed initial bench scale testing which proved the ore is amenable to bioleaching and extraction rates realized for Ni and Co were very encouraging, indicating a strong bioleaching potential for W4, likely greater with Tank Bioleach. Based upon these results, RPC's bench scale testing now enters an optimization phase. The RPC research study was completed on a sample of W4 ore with a composite grade of 0.78% Nickel and 0.02% Cobalt. Extractions achieved by the test work ranged from 86.0% to 90.5% for Nickel and 85.2% to 90.1% for Cobalt after tests ranging from 8-12 days of leaching under defined pH and temperature conditions. The degree of sulphuric acid ("H2SO4") consumption is a key consideration when assessing bioleaching potential and based upon the composition of the host ultramafic- magnesium-rich materials with low sulphide content- the Heap Bioleach scenario was determined to be problematic for the W4 ore. RPC recommended the Tank Bioleach scenario because it is expected to have a considerably lower acid consumption and by incorporating flotation to upgrade the feed it will likely result in even higher bioleaching efficiency. Plus, the Tank Bioleach scenario has a far smaller processing footprint and likely lower capital costs. If successful, the Tank Bioleach scenario could facilitate a small footprint, localized production of the product required by the planned battery plants. This avoids the need to send concentrate to foreign-owned smelters and refiners plus cuts down on the distance material currently travels before the critical metal reaches the state which the battery plants require- a current challenge for the industry. The Tank Bioleach scenario could precipitate the end-product to match the input specifications of the customers, a huge benefit to the new buyers of nickel. Bioleaching for base metals is a proven process which has long been a technology for recovering copper. For nickel, bioleaching has been used commercially with both Heap Bioleach and Tank Bioleach, and there have been commercial operations around the world, including in: Australia, Asia, the Middle East and Scandinavia. Heap Bioleach is the primary nickel recovery process for Terrafame in Finland, which produced 31,550 tonnes of nickel in 2022. As part of the bioleaching process, magnesium ("Mg") is extracted and can be converted to magnesium hydroxide ("Mg(OH)2 ", in nature as brucite) which is capable of capturing and mineralizing CO2 . EVNi is researching this in the parallel Clean Nickel™ research stream, for Carbon Capture and Storage ("CCS", for further information on the importance of brucite, see News Release dated April 20, 2023). RPC indicated that the residual Mg minerals in the bioleach residue or floatation tails could be used for CCS and recommended further testing to optimize and validate the CO2 capture potential. Tillkännagivande • Feb 17
EV NICKEL INC. Announces EV Nickel Drilling on the High-Grade W4 Zone Hits Sulphide Intercepts on the First Two Holes and Extends Mineralized Zone to the East EV NICKEL INC. announced that the Phase 4 drill program on the eastern extension of the High-Grade W4 Zone has successfully completed the first 2 holes on Section 497550mE, with both holes intersecting sulphide mineralization consistent with the Phase 2 drill program completed in 2022. The two drill holes passed through the expected komatiitic units and intersected the sulphide mineralization where the Company had projected the extension of the sulphide zone from drilling completed in 2022. Sulphide mineralization consists of the typical W4 sulphide mineralization with semi-massive veins, blebs, heavy dusty disseminated and disseminated intercepts and has been observed in the core over drill intercepts of greater than 10 metres. As a reference, results from the Phase 2 Drill Program completed in 2022, holes EV22-17 and EV22-18, located approximately 50 metres to the west of the current drilling intersected 20.60m grading 1.23% Ni and 15.70m grading 0.90% Ni drill lengths, respectively. The Company is still logging the mineralized intercepts and does not assume that the zones will contain the same nickel grades or tenors as observed throughout the W4 Zone, this will not be known until assays are completed. The sulphide intercepts will be sampled and sent for analysis in the coming days. The Company expects the assay results from the two holes in 6 to 8 weeks. Tillkännagivande • Feb 10
Ev Nickel Initiates Drilling on the High-Grade W4 Zone, Focused on the East Side of the Mineralization, to Be Incorporated into the Upcoming Resource EV NICKEL INC. announced that it has begun the Phase 4 drilling campaign, back at the High-Grade W4 Zone forming part of its Shaw Dome Project. The Company has engaged with Timmins-based, NPLH Drilling to begin its Phase 4 drill hole program, targeting the eastern expansion of the W4 Extension. The Phase 2 drilling program completed in 2022, began to define the W4 Extension and identified significant previously undiscovered nickel mineralization on the eastern most section (Section 497400mE), including 20.6 metres grading 1.23% Ni in EV22-17 and 15.70 metres grading 0.90% Ni in EV22-18. This drilling has started on a section 50 metres east of section 497500mE, targeting the interpreted plunge of the High-Grade nickel mineralization forming the W4 Extension. Additional holes will be drilled into the deposit to provide over 1000 kg of the W4 Zone as part of the ongoing metallurgical studies. Assay results are anticipated for the Phase 4 drill program in early Q2. Tillkännagivande • Feb 07
EV Nickel Inc. Reports Assay Results from Final 5 Holes from 2022 Drilling on the Carlang A Zone EV Nickel Inc. announced the assay results, from the final 5 drill holes of the Phase 3 Drilling program, completed over the Large-Scale nickel target in the northeast of its Shaw Dome Project, referred to as the Carman-Langmuir or, "CarLang Area". Assay analyses of all 28 holes confirm that every hole intersected the targeted dunite unit containing significant mineralized nickel intercepts. The CarLang Area is comprised of a thick sequence of serpentinized dunite/peridotite hosting thick intersections of large-scale, broad zones of nickel mineralization. Gaps observed in the mineralized sequence represent intersections of late, cross cutting diabase or intermediate dykes in an otherwise continuous sequence of dunite/peridotite. CarLang A Zone: Caracle Creek International Consulting ("CCIC") is completing the Preliminary Resource Estimate for the CarLang A Zone and results are on schedule for delivery in the first quarter of 2023. The resource estimate is being completed by CCIC on the 1,400 metres of strike length tested by EVNi in the 2022 Phase 3 drilling program and will define the footwall and hanging wall contacts of the 350- to 550-metre-wide unit. The dunite/peridotite body was identified in every hole of the Phase 3 program and 16 of the 28 holes bottomed in the dunite/peridotite unit, indicating that the zone extends at depth below the 250 vertical metres tested in this drilling. Tillkännagivande • Jan 12
EV Nickel Inc. Confirms New High-Grade Ni-Cu Zone at Groves EV Nickel Inc. announced assay results from recent surface sampling and historic, 2016 diamond drilling on the Mathu Ni-Cu-PGE Zone contained in its wholly owned 3,000 hectare, Groves Project. Located approximately 6 kilometres southeast of the Town of Gogama, Ontario in the Porcupine Mining Division, the Groves Project was acquired by EVNi in April 2022 and incorporates multiple zones and showings, including the previously identified Mathu showing. This past summer, channel samples were cut across 2 sulphide zones on the showing, confirming the Ni-Cu-PGE mineralization previously observed in sulphide boulders. The grab samples from the two sulphide zones returned 1.87% Ni and 0.75% Cu and 1.30% Ni and 3.20% Cu. The metal ratios of the sulphides observed in both Mathu and Eveco are more indicative of a mafic source given the approximate 1 to 1 ratio of Ni to Cu observed. The location of the sulphides, not associated with significant volumes of mafic intrusive units, indicates that the source of the sulphide mineralization may be identified within the property boundaries and the potential exists to trace back the sulphide mineralization to its potential source. The Mathu showing was originally discovered by Northern Sun Mining Corporation in 2015 while prospecting on the property. Following the discovery of sulphide boulders, diamond drilling and geophysics were conducted in 2016. The diamond drill program consisted of 7 holes testing the near surface potential of Mathu. The drill program successfully intersected the Ni-Cu-PGE mineralization in 3 of the holes, with the sulphide mineralization being hosted in intermediate volcanics. Drilling intersected significant Ni-Cu-PGE mineralization including 1.87% Ni and 0.75% Cu over 3.37 metres in hole GM-16-02, 0.72% Ni and 1.09% Cu over 4.10 metres in hole GM-16-03 and 0.90% Ni and 0.63% Cu over 5.40 metres in hole GM-16-04. A bore hole electromagnetic survey was completed on select holes from the 2016 diamond drill program, identifying off hole anomalies below the existing drill holes indicating potential for extensions of the Ni-Cu-PGE mineralization at depth and along strike. Tillkännagivande • Dec 21
EV Nickel Inc., Annual General Meeting, Feb 28, 2023 EV Nickel Inc., Annual General Meeting, Feb 28, 2023. Board Change • Nov 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. President, CEO & Director Sean Joseph Samson was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
