18:58:39 EDT Fri 19 Apr 2024
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Giga Metals Corp
Symbol GIGA
Shares Issued 55,494,015
Close 2020-07-28 C$ 0.34
Market Cap C$ 18,867,965
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Giga tells Musk to look to Canada for nickel

2020-07-29 09:09 ET - News Release

Mr. Mark Jarvis reports

GIGA METALS RESPONDS TO ELON MUSK'S CALL TO ACTION FOR NICKEL MINERS

Giga Metals Corp. has noted that, during Tesla's recent quarterly conference call, Tesla chief executive officer Elon Musk called on miners to start building nickel mines in anticipation of shortages of this critical material for electric vehicle batteries.

"Well, I'd just like to re-emphasize, any mining companies out there, please mine more nickel. Okay. Wherever you are in the world, please mine more nickel and don't wait for nickel to go back to some long -- some high point that you experienced some five years ago, whatever. Go for efficiency, obviously environmentally friendly nickel mining at high volume. Tesla will give you a giant contract for a long period of time, if you mine nickel efficiently and in an environmentally sensitive way. So hopefully this message goes out to all mining companies. Please get nickel," Mr. Musk said.

"If you want environmentally responsible nickel, I really think you have to look at sulphide deposits in first-world jurisdictions such as Canada and Australia," said Mark Jarvis, CEO of Giga Metals. "Canada has several very large, low-grade, open-pittable sulphide nickel deposits waiting to be developed, including Canada Nickel's Crawford deposit, Waterton's Dumont deposit and our own Turnagain deposit. Canada has some of the toughest environmental regulations in the world, so if you buy your nickel from Canada, you can be assured that this part of your supply chain is ethically sourced."

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