Giga Metals

What Giga Metals does

Giga Metals Corporation (TSX-V: GIGA, OTCQB: GIGGF, FSE: BRR2) is a publicly traded, pre-revenue mineral exploration and development company headquartered in Vancouver, BC, focused on advancing the Turnagain Nickel-Cobalt Project in northern British Columbia — among the world's largest undeveloped sulfide nickel-cobalt resources at 1.52 billion tonnes Measured and Indicated, containing 4.1 billion pounds of nickel and 253 million pounds of cobalt. The project's core technical proposition is a simple, conventional metallurgical flowsheet using off-the-shelf equipment to produce a clean concentrate grading 18% nickel and 1% cobalt suitable for Class 1 nickel refining; supporting programs include magnetotelluric and HeliSAM-EM geophysical surveys and a mineral carbonation research partnership with Arca Climate Technologies and UBC aimed at making Turnagain the world's first carbon-neutral nickel mine (potential sequestration of up to 220 million tonnes of CO2 over a 30-year mine life). The Attic Zone, adjacent to the nickel resource, is being explored for copper, platinum, and palladium by-product potential.

Giga Metals generates no commercial revenue and operates a development-stage business model reliant on equity financings (frequent non-brokered private placements with insider participation) and strategic partnerships to advance the project through Pre-Feasibility toward Feasibility and construction. Capital formation is supplemented by a 2% NSR royalty sold to Cobalt 27 Capital Corp. in 2018 for US$10 million. The principal strategic relationship is a joint venture with Mitsubishi Corporation (completed September 2022 via the Hard Creek Nickel subsidiary) which provides capital, technical expertise, and Asian market access. Additional ecosystem partners include the Tahltan Central Government (Communications Agreement on traditional territory), Arca Climate Technologies (exclusive carbon sequestration agreement, January 2026), and UBC (foundational mineral carbonation research). Planned future revenue streams target Asian battery manufacturers and traditional smelters/refiners seeking conflict-free, ESG-compliant supply from a Tier-1 jurisdiction; offtake discussions are reportedly underway but no binding agreements are disclosed.

Name

Giga Metals

Legal name

Giga Metals Corporation

Website

https://gigametals.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Giga Metals is a pre-revenue Canadian mineral exploration company developing the Turnagain Nickel-Cobalt Project in northern British Columbia — among the world's largest undeveloped sulfide nickel-cobalt resources — in joint venture with Mitsubishi Corporation, targeting battery manufacturers and smelters with low-carbon, responsibly-sourced supply.

Ownership category

akta.pro rank

Product category

Nickel-cobalt mining

SIC

Metal Mining (1000)

akta.pro primary industry

Nickel Mining & Concentrates (IMAKAFAB)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Nickel-cobalt mining
• Battery metals exploration
• Sulfide mineral resources
• Critical minerals development
• Mining pre-feasibility

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Future Nickel-Cobalt Concentrate Sales: Primary planned revenue stream from sale of nickel-cobalt concentrate produced at the Turnagain mine to smelters for refining into Class 1 nickel required by battery manufacturers. Concentrate will target 18% Ni and 1% Co grades. Company has had approaches from Asian battery manufacturers seeking conflict-free nickel and cobalt.
2. Royalty Revenue: 2% Net Smelter Return (NSR) royalty on all future nickel and cobalt production sold to Cobalt 27 Capital Corp. for US$1 million cash plus US$9 million in Cobalt 27 shares. Giga retains option to repurchase 0.5% of NSR for US$20 million prior to fifth anniversary.
3. Equity Financing via Private Placements: Company raises capital through non-brokered private placements of units (common shares plus warrants) to fund exploration, development, and corporate purposes. Recent 2026 placements raised approximately $1.425 million. Ongoing financing activity to support project advancement.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

Giga Metals is a publicly-traded mineral exploration and development company advancing the Turnagain Project, one of the world's largest undeveloped sulfide nickel-cobalt deposits in northern British Columbia, Canada. The company is developing resources to produce clean nickel-cobalt concentrate (18% Ni, 1% Co) for battery manufacturers, with parallel initiatives in low-carbon mining and mineral carbonation-based carbon sequestration. The project is operated as a joint venture with Mitsubishi Corporation through the Hard Creek Nickel subsidiary.

Product overview

Giga Metals Corporation is a mineral exploration and development company focused on nickel and cobalt resources for battery production. The company's primary offering is the Turnagain Project, a large undeveloped sulphide nickel-cobalt deposit in northern British Columbia. Supporting initiatives include the Low-Carbon Nickel program targeting carbon-neutral mining operations and Carbon Sequestration through mineral carbonation partnerships. The company also produces 'The Charge' podcast focused on nickel and electrification. Giga Metals operates as a joint venture with Mitsubishi Corporation through its Hard Creek Nickel subsidiary.

Differentiator

Problem solved

Functional benefit

Products and services

• Turnagain Nickel-Cobalt Project A large undeveloped sulfide nickel-cobalt resource project located in northern British Columbia, Canada, approximately 65 km east of Dease Lake. Contains 1.52 billion tonnes of Measured and Indicated resources with 4.1 billion pounds of nickel and 253 million pounds of cobalt. Designed to produce clean concentrate grading 18% nickel and 1% cobalt suitable for Class 1 nickel production for battery manufacturers. The Attic Zone shows additional potential for copper, platinum, and palladium mineralization.
• Low-Carbon Nickel Initiative An initiative to develop what the company positions as the world's first carbon-neutral nickel mine. Leverages carbon sequestration through mineral carbonation of Turnagain ultramafic materials to produce low-carbon nickel for electric vehicle and clean energy supply chains.
• Carbon Sequestration through Mineral Carbonation Research and development initiative exploring carbon sequestration potential of Turnagain ultramafic materials through mineral carbonation processes, including thermal activation, in-situ CO2 injection, and passive enhanced weathering. System has potential to sequester up to 220 million metric tons of CO2 over a 30-year mine life using brucite-enriched formations. Developed in partnership with Arca Climate Technologies and the University of British Columbia.
• The Charge Podcast A podcast series exploring the role of nickel in the electric revolution, featuring interviews with stakeholders in electrification, mining, sustainability, and investment. Available on Spotify, Apple Podcasts, Google Podcasts, and RSS feeds.

Quantifiable outcome

• 220 million metric tonnes CO2 potential sequestration over 30-year mine life
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered flagship, core and minor.

• Arca Climate TechnologiesflagshipStrategic or Co-development Partner · 14 January 2026Exclusive agreement to explore carbon removal at the Turnagain nickel project using mineral carbonation technology. Partnership aims to develop systems capable of sequestering up to 220 million metric tonnes of CO2 over a 30-year mine life using brucite-enriched ultramafic formations. Involves advanced research on thermal activation, in-situ CO2 injection, and passive enhanced weathering technologies.
• Mitsubishi CorporationcoreStrategic or Co-development Partner · 1 September 2022Mitsubishi Corporation completed joint venture transaction through its Hard Creek Nickel subsidiary to develop the Turnagain nickel-cobalt project. Joint venture conducted as strategic partnership for development of one of the world's largest undeveloped sulfide nickel resources. Mitsubishi involvement provides capital, technical expertise, and market access for the project.
• Tahltan Central GovernmentcoreStrategic or Co-development Partner · 25 January 2018Communications Agreement establishing working relationship with Tahltan Nation (including Tahltan Central Government, Tahltan Band, and Iskut Band) for the Turnagain Project located on their traditional territory. Includes provisions for communication, cooperation on employment, contracting, and community opportunities. Project site is approximately 65 km east of Dease Lake in northwestern BC.
• University of British Columbia (UBC)minorStrategic or Co-development Partner · 27 February 2017UBC conducted research on carbon sequestration properties of Turnagain ultramafic rocks through NSERC Engage grant. PhD student Wei Feng, supervised by Dr. David Dreisinger (Metallurgy Chair), conducted tests on Turnagain materials for mineral carbonation. Research established foundation for current carbon sequestration partnership.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Canada Nickel Company: Toronto-listed developer of the Crawford nickel-cobalt sulfide project, also in Ontario with comparable scale and a battery-materials go-to-market strategy. Most analogous Canadian-listed junior targeting Class 1 nickel for the EV supply chain.
• FPX Nickel Corp. BC-based developer of the Decar nickel project producing awaruite nickel concentrate. Similar stage, similar jurisdiction, similar 'clean concentrate' value proposition aimed at stainless and battery markets.
• Horizonte Minerals: Developer of the Araguaia and Vermelho nickel projects in Brazil, focused on ferronickel for stainless and battery supply. Closely comparable pre-production nickel developer with similar scale and project-development timing.
• Talon Metals Corp. Developer of the high-grade Tamarack nickel-copper-cobalt project in Minnesota. Pre-construction, sulfide-nickel-focused, similarly pursuing EV/battery off-take and ESG-aligned positioning.

Emerging players

• Nickel Creek Platinum Corp. Canadian junior advancing the Nickel Shäw project in Yukon with nickel-copper-PGE mineralization. Relevant emerging-stage peer with similar polymetallic optionality narrative.

Others

• Arca Climate Technologies: Technology partner of Giga Metals developing mineral-carbonation CO2 removal using Turnagain's brucite-bearing ore. Adjacent enabling participant whose commercial success is directly tied to realizing Giga's carbon-neutral mine thesis.
• Pala Investments: Specialist mining private equity firm with large stakes in multiple battery-materials developers (including Giga Metals). Relevant ecosystem participant / investor reflecting peer-comparable capital flows in the nickel-development sector.

Regional players

• PT Vale Indonesia: Indonesian laterite-to-matte nickel producer majority-owned by Vale, supplying Class 1 nickel for stainless and battery markets. Key geographic- and product-comparable incumbent in the broader Asian battery supply chain.

Broad incumbents

• BHP Group (Nickel West): Major diversified miner operating the Nickel West integrated nickel business in Western Australia, including Mt Keith and downstream Kwinana refinery. Operates at vastly larger scale and serves as the established incumbent benchmarking sulfide nickel supply for batteries.
• Eramet SA: French mining group with integrated nickel operations (New Caledonia's SLN and Indonesia Weda Bay) including matte and Class 1 nickel supply to battery customers. Relevant incumbent comparable competing for the same battery-grade nickel offtake.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCxPqT8T6Tn_P-xhJbgFjkHw
• Xx.com/giga_metals
• Facebookfacebook.com/gigametals
• LinkedInlinkedin.com/company/hard-creek-nickel-corp-

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors

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 Giga Metals