Power Nickel Becoming Canada's Next High Grade Nickel Mine

Power Nickel Is The Future Nickel If you believe in the future of Nickel and Electric Vehicles, Power Nickel is an emerging growth company you need to start paying attention to. They are bullish on the Nickel space and bullish on themselves. They believe they will become Canada's Next Nickel mine. Why? The world consumes allot of Nickel and in growing quantities. The current primary driver is its use in stainless steel where it accounts for 60% of demand; globalization and urbanization in developing countries is also having an immense impact. Electrification is also very new and creating a demand for the metal that some believe will outstrip its demand use for stainless steel. Electrification is quickly becoming a primary driver with 12 to 15 percent of of current demand, predicted to become 50% by 2030. Lets not also forget the important role played in lithium Ion Batteries chemistries with 40% Nickel use increasing to 60% by 2025. All these factors put a strain on supply. An estimate of the required future mines required to meet this expected demand is in the neighborhood of 30. This is where Power Nickel enters. The future of of Nickel is in the emerging renewable energy revolution and they intend to meet that demand through development of the NISK project where they believe they have commercial tonnage potential in the neighborhood of 50 million tones, putting on the map with Voisey's Bay. The equal pressure of demand and supply positions Power Nickel to grow into one of Canada's next low carbon, high grade Nickel mines. Sit back and enjoy this great take on the Nickel market and Power Nickel's current and future place in it with CEO Terry Lynch