Giga Metals Corporation aims to be a premier supplier of the battery metals that will be needed as the world progresses to a future powered by clean energy. We are currently focused on two of the key metals used in the batteries of electric vehicles: Nickel and Cobalt.
Our Turnagain Project is among the largest undeveloped nickel-cobalt sulphide deposits in the world in terms of total contained nickel. The NI 43-101 compliant resource contains 4.1 billion pounds of nickel and 252 million pounds of cobalt in the measured and indicated categories, plus a further 4.3 billion pounds of nickel and 279 million pounds of cobalt in the inferred resource category.
The growth in electric vehicles and energy storage is accelerating and, as a result, we intend to fast track the development of the Turnagain Project. Our goal is to supply battery manufacturers with the high-quality nickel and cobalt feedstock that they require.
We are also actively seeking other battery metals projects. There will be a shortage in these types of metals over the next decade as the clean energy revolution takes place.