EV Nickel

What EV Nickel does

EV Nickel Inc. (TSX-V: EVNI) is a Canadian nickel exploration and pre-development company headquartered in Toronto, Ontario, focused exclusively on the Shaw Dome Project near Timmins. The asset base spans over 30,000 hectares and comprises three principal targets: the large-scale CarLang A Zone (maiden resource ~1 billion tonnes at 0.24% Ni, exposed at surface with less than 5m overburden), the Gemini North Nickel Zone (maiden resource 93.5 Mt at 0.23% Ni with millerite as the dominant nickel sulphide mineral), and the high-grade W4 Deposit (2 Mt at 0.98% Ni under a 21-year mining lease granted February 2025). Additional prospective ground includes Langmuir #2 and over 100 km of identified favorable strike length across the CarLang trend and surrounding areas.

The company's proprietary Clean Nickel™ initiative combines two technologies: a bioleaching process using naturally occurring oxidizing bacteria to extract nickel and copper from ore (developed with RPC Science & Engineering under NRC IRAP funding), and carbon capture via mineral carbonation in ultramafic tailings (partnered with UBC's CarbMin Lab and XPrize-winning carbon mineralization firm Arca). Continuous pilot-scale testing of W4 flotation concentrates achieved 90.1% nickel and 89.6% cobalt extraction at day six, with battery-grade nickel sulphate produced at up to 98.2% purity and over 99% recovery of nickel and cobalt as mixed hydroxide precipitate.

EV Nickel is pre-revenue and monetizes through capital markets rather than product sales. Stated future revenue pathways include offtake-driven nickel production with EV battery manufacturers and stainless steel producers, potential licensing of Clean Nickel™ technology to third-party project owners, and by-product credits from copper, cobalt, PGMs, magnesium compounds, and carbon sequestration. Target customer verticals span EV battery/clean energy, stainless steel/specialty alloys, and government/defense (with US Department of Defence, Commerce, and Energy programs alongside Canadian Federal and Ontario provincial programs providing validation). The team comprises a small executive group (1–10 total employees) including Interim CEO John Paterson, CFO Travis Gingras, VP Exploration Paul Davis (30+ years Shaw Dome experience), Regional Geologist Phil Vicker, and Executive Director Mike Silver.

Name

EV Nickel

Legal name

EV Nickel Inc.

Website

https://evnickel.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Canadian TSX-V-listed junior nickel explorer developing the Shaw Dome Project in Ontario, anchored by the billion-tonne CarLang A Zone and high-grade W4 deposit. Clean Nickel™ platform pairs bioleaching with carbon mineralization for battery-grade nickel production.

Ownership category

akta.pro rank

Product category

Nickel Mining and Mineral Exploration

NAICS

Other Metal Ore Mining (212290)

SIC

Metal Mining (1000)

akta.pro primary industry

Nickel Mining & Concentrates (IMAKAFAB)

akta.pro secondary industries

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

Keywords

• Nickel exploration
• Critical metals mining
• Bioleaching processing
• Carbon capture mining
• Battery-grade nickel sulphate

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Future Nickel Production: Pre-revenue exploration company planning to monetize nickel resources through future production and offtake agreements with EV battery manufacturers and stainless steel producers. The 2026 joint venture with Pure North Resources targets 6-10 million tonnes grading 1.0-2.0% nickel for potential future production.
2. Clean Nickel Technology Licensing: The company states it is positioned to advance toward a full-scale bioleaching facility and to partner with other project owners to advance bioleaching solutions across the nickel sector, potentially licensing Clean Nickel™ technology.
3. By-product Sales: Potential revenue from by-products including copper, cobalt, platinum, palladium, iron, magnesium compounds, and carbon credits from integrated carbon capture and storage operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

EV Nickel Inc. is a Canadian nickel exploration and development company advancing the Shaw Dome Project in Ontario — a tier-one jurisdiction asset comprising large-scale (CarLang A, Gemini North) and high-grade (W4) nickel sulphide deposits. The company's differentiated offering is the Clean Nickel™ strategy, which pairs bioleaching extraction (demonstrated 90.1% nickel recovery producing battery-grade nickel sulphate) with carbon mineralization-based CO2 sequestration in ultramafic tailings to deliver low-carbon nickel for EV battery, stainless steel, and defense supply chains.

Product overview

EV Nickel is a Canadian nickel exploration company (TSX-V: EVNI) operating exclusively within the mining sector. The company's product portfolio consists of its flagship Shaw Dome Project — an integrated suite of exploration assets — rather than a software platform. The Shaw Dome Project encompasses three primary named deposits/products: (1) the CarLang A Zone (large-scale, surface-near deposit with ~1B tonnes at 0.24% Ni); (2) the Gemini North Nickel Zone (large-scale sulphide-rich discovery); and (3) the W4 Nickel Deposit (high-grade target with ~2Mt at 0.98% Ni). The company also operates the Clean Nickel™ R&D programs covering bioleaching and carbon capture technologies.

Differentiator

Problem solved

Functional benefit

Products and services

• Shaw Dome Project
• CarLang A Zone
• Gemini North Nickel Zone
• W4 Nickel Deposit
• Clean Nickel™ R&D Program
• Pilot-Scale Bioleach and Nickel Sulphate Production

Quantifiable outcome

• 90.1% nickel and 89.6% cobalt extraction achieved at day six in bioleaching pilot testing
• +6 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core, strategic and tactical.

• Pure North Resources Inc.coreStrategic or Co-development Partner · 17 June 2026Letter of Intent signed June 17, 2026 to form high-grade nickel joint venture consolidating several prospective high-grade nickel deposits and former producing mines within Ontario's Shaw Dome district. EV Nickel contributes W4 Nickel Deposit and Langmuir #2 Nickel Mine Zone for 40% equity stake; Pure North contributes permitted Hart Deposit, Redstone Mine, and McWatters Mine properties retaining 60% ownership. Joint venture targets 6 to 10 million tonnes grading 1.0-2.0% nickel.
• Ontario Ministry of MinesstrategicStrategic or Co-development Partner · 5 May 2025Provincial government ministry working with EV Nickel to develop the Shaw Dome into a world class nickel producing area. Ministry provides regulatory support, permitting, and access to government funding programs including CMIF (Ontario Critical Minerals Innovation Fund) and OJEP (Ontario Junior Exploration Program).
• Caracle Creek International Consulting Inc. (CCIC)coreImplementation/ SI/ Consulting Partner · 28 February 2023Independent consulting firm engaged to complete mineral resource estimates in accordance with NI 43-101 for both CarLang A Zone (February 2023 maiden resource) and Gemini North Zone (February 2026 maiden resource). Dr. Scott Jobin-Bevans served as Qualified Person for Gemini North MRE.
• Arca (formerly Carbin Minerals)strategicStrategic or Co-development Partner · 28 February 2023Global leaders in carbon mineralization technology co-founded by Professor Greg Dipple from UBC. Arca developed technologies that accelerate natural geochemical carbon mineralization processes. Won $1 million milestone award from XPrize and the Musk Foundation in 2022. Partnering with EV Nickel on carbon capture and storage potential for CarLang Area.
• The EPCM GroupstrategicImplementation/ SI/ Consulting Partner · 28 February 2023Global engineering firm based in Oakville, Ontario coordinating various streams of research and development for EV Nickel, including oversight of carbon capture and storage initiatives and technology partnerships.
• Blue Heron EnvironmentaltacticalImplementation/ SI/ Consulting Partner · 26 July 2022Timmins-based environmental consulting firm commissioned to complete surface water baseline monitoring study for Langmuir W4 Zone, documenting hydrology and water quality data on quarterly basis for permitting pathway.
• SGS Canada Inc.tacticalImplementation/ SI/ Consulting Partner · 9 June 2022Metallurgical testing services for W4 Nickel Project including mineralogy characterization, grindability testing, and flotation recovery testing for potential mill flowsheets. Samples from drill holes EVMET22-01 and EVMET22-02 submitted for comprehensive metallurgical analysis.
• ALS Canada Ltd.tacticalImplementation/ SI/ Consulting Partner · 9 June 2022Analytical laboratory services for drill core sample preparation and analysis including sodium peroxide fusion with ICP finish for nickel, copper, cobalt and sulphur, and fire assay with ICP-AES finish for platinum, palladium and gold.
• RPC Science & EngineeringcoreStrategic or Co-development Partner · 2 May 2022Technical evaluation of bioleaching technology using naturally occurring oxidizing bacteria to extract nickel and copper. RPC provides specialized engineering, scientific and laboratory-based services including pilot facilities for industrial and environmental process development. Project funded through NRC IRAP grants.
• University of British Columbia - CarbMin Lab (Dr. Greg Dipple)coreStrategic or Co-development Partner · 2 May 2022Carbon mineralization laboratory evaluating potential for carbon capture and storage via carbon mineralization in tailings and waste rock from Shaw Dome deposits. Team assesses CO2 capture from air and concentrated streams, combining CO2 with magnesium from mine tailings to form stable carbonate minerals for long-term storage.
• Missinaibi Drilling Services Inc.tacticalOthers · 17 January 2022First Nations-owned drilling services company contracted for Phase 2 diamond drill program with minimum 10,000 metres of drilling at the Langmuir Project in 2022.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Canada Nickel Company: Canada Nickel Company is a junior nickel exploration and development company also anchored in the Timmins, Ontario district, developing large-scale, low-grade nickel sulphide resources (Crawford, Reid, Texmont). It is the closest geographic and asset-mix comparable to EV Nickel, both targeting bulk-tonnage nickel for the EV supply chain.
• FPX Nickel: FPX Nickel is a Canadian junior developing the Baptiste deposit in British Columbia, focused on awaruite nickel — a low-carbon, sulphide-free nickel resource targeted at the stainless steel and battery markets. Comparable as a Canadian-listed nickel explorer pursuing differentiated, ESG-friendly Class 1 nickel.
• Talon Metals: Talon Metals is a nickel-copper-PGM explorer developing the Tamarack underground project in Minnesota, USA, with direct offtake exposure to Tesla for the EV battery supply chain. It is a direct peer in the EV-battery-focused junior nickel space and competes for similar North American critical-metals capital and policy support.
• Power Nickel: Power Nickel is a Canadian junior exploring the Nisk project near Nemaska in Quebec, focused on high-grade nickel-copper-PGM sulphide mineralization. It is a direct peer as a Canadian-listed nickel explorer pursuing critical-metals supply for EV/stainless steel end markets.

Broad incumbents

• Sherritt International: Sherritt International is a Canadian-headquartered producer of refined nickel (and cobalt) from laterite operations in Cuba and a hydropower asset in Madagascar. It is a broad incumbent producing Class 1 nickel for the EV battery supply chain, comparable through end-market exposure and bio/hydromet processing know-how.
• Vale S.A. Vale is one of the world's largest nickel producers, operating integrated mining and refining in Canada (Sudbury, Voisey's Bay) and Indonesia, with growing exposure to Class 1 nickel for EV battery markets. It is a broad incumbent supplying the same end markets with much greater scale and downstream integration.
• Glencore plc: Glencore is one of the world's largest diversified miners and a top global nickel producer (Sudbury, Raglan, Koniambo, Murrin Murrin), with growing offtake into EV battery supply chains. Comparable as a broad incumbent producing nickel for EV batteries and stainless steel.
• BHP Group: BHP is a top global miner that produces nickel from its Nickel West operations in Western Australia and is positioning into battery materials supply. Comparable as a broad incumbent counterpart in the nickel-for-batteries supply chain.

Emerging players

• Nickel 28 Capital Corp: Nickel 28 is a Canadian junior holding a royalty on the Ramu nickel-cobalt operation in Papua New Guinea, providing indirect exposure to Class 1 nickel supply for the EV battery supply chain. Comparable as an emerging North American-listed vehicle for nickel-battery exposure with a different monetization model.
• Giga Metals Corp: Giga Metals is developing the Turnagain nickel deposit in British Columbia as a large-scale, low-carbon nickel project targeting the EV battery supply chain. Comparable as an emerging Canadian-listed nickel developer pursuing bulk-tonnage resources for EV/Class 1 markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/EV_Nickel

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EV Nickel