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on EV Nickel Inc. (isin : CA26928V1058)

EV Nickel Inc. Launches Comprehensive 2024 Exploration Program

EV Nickel Inc., a mining company, announced a fully funded exploration program for 2024, following a successful financing round that raised over $5 million. The funds will be allocated to advance its two significant nickel deposits near Timmins, Ontario, and explore additional targets within their extensive landholdings.

The exploration will include a variety of methods such as geophysical surveys, metallurgical tests, surface mapping, and diamond drilling, focusing on the CarLang A Nickel Deposit and the Shaw Dome Property. These locations are promising, with the CarLang A deposit featuring a reported 1.1 billion tonnes at 0.24% nickel and the W4 Resource at Shaw Dome boasting 2.0 million tonnes at 0.98% nickel.

Highlighting the environmental focus, EV Nickel aims to ensure sustainable practices in extracting critical minerals essential for the North American battery and stainless-steel markets. The strategic importance of these activities is underscored by support from both Ontario and federal initiatives aiming to enhance North America's supply chain for clean energy resources.

R. E.

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