The Baptiste and Turnagain mines would represent $8 billion in capital investments and would contribute significantly to Canada’s nickel production
Canada is the world’s sixth-largest nickel producer, with roughly 130,000 million tonnes of nickel produced in Ontario, Quebec, Manitoba and Labrador annually. There are currently no nickel mines in B.C., but a growing demand for the metal from the electric vehicle market, and a federal strategy that promotes critical mineral self-sufficiency in Canada, could change that.
There are now two very large nickel mines proposed for B.C., representing a potential investment of roughly $8 billion: The FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) Baptiste project near Fort St. James and the Giga Metals (TSX-V: GIGA) Turnagain project near Dease Lake in northwest B.C.
Both projects are in early development stages, with pre-feasibility studies published in recent weeks. “FPX Nickel’s Baptiste project and Giga Metals’ Turnagain project are two of the world’s top 10 nickel projects,” said Michael Goehring, president of the Mining Association of BC.
“These are two exciting projects that are really what the government of Canada’s critical minerals strategy is all about. “These are two projects that have received investment from significant and sophisticated global players. That’s strong validation in the strong fundamentals of both of these projects.”
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