As Nickel is a key metal in the construction of electric vehicle batteries, Elon Musk announced in September at Tesla’s Battery Day event that nickel would be the company’s metal of choice for its batteries.
At the time Musk said he had conversations with nickel miners in which he asked them to increase their output for the EV industry.
Tesla has been targeting cost reductions in its EV battery production process, and views nickel as a better option than cobalt.
Nickel Rock Resources Inc. (OTC:SSMLF) seems to be in a good position to take advantage of the booming nickel demand and can help investors benefit from it.
From March of this year, Nickel Rock Resources Inc. (OTC:SSMLF) has been continually active and has accomplished a lot during a time of global uncertainty caused by the COVID-19 global pandemic. This progress has positioned the Company for a bright and successful future.
Most recently, the Company has been completely rebranded as Nickel Rock Resources to reinforce our plans for exploring and developing great nickel assets. To facilitate this plan the Company completed an equity financing totalling $1,000,000 and successfully acquired a 100% interest in several highly prospective claims which include the Hard Nickel Centre Group(which includes the Klone claim group), Hard Nickel 3, Hard Nickel 4 and the Nickel 100 claim group.
The acquisition of the Hard Nickel Group and the Nickel 100 claims are subject to Exchange approval. The properties are located near Canada’s prolific Omineca mining district 100kms northwest of Fort St James, British Columbia. Nearby is the prolific Mt. Milligan mine owned and operated by Centerra. The area is very prospective for nickel-based mineral deposits as can be demonstrated by the recently announced Baptiste Nickel Deposit owned by FPX Minerals. Also, a key part of the rebranding of Nickel Rock, is the launch of our new website (http://www.
nickelrockresources.com/) and a soon to be launched social media campaign.
The Nickel Rock Resources mineral claims are partially underlain by rocks like those hosting the Decar project of FPX Nickel where mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite which is a naturally occurring nickel-iron alloy important in the manufacture of environmentally efficient batteries for the electric vehicle markets globally. The mineral awaruite is both highly magnetic and very dense and is therefore amenable to concentration by mechanical processes including magnetic and gravity separation. This style of deposit is unique and presents considerable metallurgical and processing cost saving advantages.