10:59:00 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Giga Metals Corp
Symbol GIGA
Shares Issued 43,149,015
Close 2018-11-19 C$ 0.195
Market Cap C$ 8,414,058
Recent Sedar Documents

Giga Metals appoints Vydra as director

2018-11-20 11:28 ET - News Release

Mr. Mark Jarvis reports

GIGA METALS: MARTIN VYDRA APPOINTED TO BOARD OF DIRECTORS

Giga Metals Corp. has appointed Martin Vydra to the board of Giga. Mr. Vydra is a former executive with Sherritt International Corp. and is current head of strategy at Cobalt 27 Capital Corp.

"This is exciting news for our company," said chief executive officer Mark Jarvis. "Martin has a unique and deep background both in the technical aspects of nickel and cobalt processing, and in marketing intermediate and finished products to end users ranging from aerospace to lithium-ion battery manufacturers. Martin will be active in helping us select the offtake partners we want to work with."

"Turnagain is a very interesting, very large project," said Mr. Vydra. "One of the project's strengths is the quality of concentrates that can be produced. I have already had initial discussions with potential offtake partners and their interest is evident when they review our concentrate specifications. I look forward to working with Mark and his management and technical team to advance development of the Turnagain project."

Mr. Vydra is widely recognized as an expert in nickel and cobalt extraction, processing, and refining including the development and application of advanced technologies to maximize the recovery of valuable metals such as nickel and cobalt from a variety of feeds. From 2012 to 2017, Mr. Vydra held the position of senior vice-president of metals at Sherritt International, where he successfully guided the division through one of the most challenging periods in the commodities cycle, while delivering production at near to bottom quartile costs.

Mr. Vydra's technical accomplishments at Sherritt spanned four continents and over 20 operations, including postings in Australia where he was integral in Murrin Murrin's refinery start-up; Finland for the design of Harjavalta's nickel reduction circuit; and, in Chile, where he oversaw the design, construction and commissioning of a major pressure oxidation operation. Mr. Vydra also played a key role in the assessment of Sherritt's Cuba's operations at Moa Bay, which resulted in the formation of Sherritt's Moa joint venture. Additionally, from 2005 to 2007, Mr. Vydra was responsible for engineering, maintenance and capital construction at Sherritt's nickel refinery and was considered one of Sherritt's top technical experts across global operations.

Most recently, Mr. Vydra served as Sherritt's senior vice-president, commercial and technologies, where he had oversight for the sales and marketing of nickel and cobalt, and marketing and commercialization of Sherritt's proprietary technologies. Mr. Vydra was instrumental in gaining access to numerous markets culminating with large-scale commercial plants built in China (zinc processing and coinage), Australia (HPAL) and in South America (pressure oxidation of sulphide ores).

In addition to his technical expertise, from 2008 to 2011, Mr. Vydra held the position of managing director, commercial contracts and marketing, with global responsibility for metal marketing, which included finished products from Sherritt's Ambatovy and Moa joint ventures. Over his career, Mr. Vydra has been responsible for the sales and marketing of cobalt, nickel, fine cobalt powders and chemicals, thermal spray powders, and coinage with end users ranging from aerospace to lithium-ion battery manufacturers.

Mr. Vydra is a current and founding member of the London Metals Exchange Cobalt Committee and served on the board of directors of the Cobalt Institute. Mr. Vydra was also a member of the board of directors of the Nickel Institute from 2010 to 2018, where he served as chair from 2015 to 2017. Mr. Vydra's ability to combine technical and commercial aspects of the nickel and cobalt industries places him within a distinct group of industry professionals who offer this skill set.

About Giga Metal's Turnagain nickel-cobalt project

The Turnagain project hosts the Horsetrail nickel-cobalt deposit, a significant undeveloped nickel-cobalt sulphide deposit, located in British Columbia, Canada.

Engineering and metallurgical studies are under way with an objective of producing a prefeasibility study by the end of 2019. Extensive metallurgical work indicates a clean concentrate grading 18 per cent nickel and 1 per cent cobalt is reliably achievable using simple off-the-shelf processing technology.

The Turnagain project covers a large, relatively underexplored land package prospective for additional ultramafic-hosted nickel-cobalt discoveries. Turnagain is one of the few projects in a stable jurisdiction that can potentially deliver large quantities of nickel and cobalt to meet the growing needs of the electric vehicle and energy storage markets at a time when many research analysts are projecting there will be shortages in the cobalt and nickel required by battery manufacturers.

Grant of incentive stock options

The company also announced that pursuant to its stock option plan, approved by the TSX Venture Exchange, the company will be granting 585,000 stock options to certain consultants, directors, officers and employees, exercisable at 35 cents per share, expiring Nov. 20, 2023.

The company further announces that 250,000 options were cancelled in February, 2018, exercisable at 55 cents.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.