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Ring of Fire nickel could supply half million cars – by Nicole Stoffman (Timmins Press – October 4, 2023)

https://www.timminspress.com/

CEO remains bullish despite ‘ambitious timeline’

Even if the company aiming to begin mining the Ring of Fire meets its very ambitious production start date of 2030, it will still be “late in the game to capture the increase in the demand for nickel.” Wyloo Ring of Fire CEO Kristan Straub made the comment during a Sept 25 “State of Mining” presentation at the Dante Club hosted by the Timmins Chamber of Commerce.

The worldwide demand for nickel is so great, and the ability for Canada and North America to meet that demand so small, that Straub predicts the world will be moving towards substituting nickel by 2040.

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Nornickel begins extraction of ore 2km deep (Green Car Congress – October 3, 2023)

https://www.greencarcongress.com/

Nornickel, Russia’s leading metals and mining company, has begun extraction at the Glubokaya (Deep) shaft of the Skalisty (Rocky) mine, reaching depths of 2 kilometers. This move will enable Nornickel to substantially boost extraction of the most valuable and rich ore.

To initiate the extraction, the company connected two independent vertical shafts—the ventilation and skip-hoist. The connection was achieved at a depth of 1,943 meters. This integration facilitated the mine’s essential infrastructure and initiated its primary ventilation system. No one in the Eurasian mining industry has ventured this deep before, Nornickel said.

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Ring of Fire developer Wyloo Metals rebrands to Wyloo – by Staff (Northern Ontario Business – September 27, 2023)

https://www.northernontariobusiness.com/

Australian company decides to place its global mineral assets under one banner

Australia’s Wyloo Metals has again rebranded its mineral assets in Ontario’s Ring of Fire. The Perth-headquartered mine developer has decided to place its Canadian and Western Australian mine and exploration properties under the single banner of Wyloo.

Privately owned Wyloo acquired the assets of Toronto’s Noront Resources in April 2022, which comprises the Eagle’s Nest nickel project and its chromite properties, 500 kilometres north of Thunder Bay.

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NEWS RELEASE: Ring of Fire Metals, Wyloo Metals, Mincor Resources combine to become major nickel player, “Wyloo” (Wyloo – September 27, 2023)

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Ring of Fire Metals, Wyloo Metals and Mincor Resources and will unify under the brand name Wyloo after becoming the largest pure-play nickel company outside of Russia. Wyloo Metals’ acquisition of Mincor Resources, completed last month, makes Wyloo a producer of high-grade nickel sulphide from its newly acquired Cassini and Northern Operations mines in Kambalda, Western Australia.

The new name also applies to Wyloo’s Canadian subsidiary, formerly Ring of Fire Metals, which owns the high-grade Eagle’s Nest project and the only material chromite resource in North America, in the Ring of Fire region in northern Ontario, Canada.

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Ring of Fire Metals CEO responds to environmental concerns – by Nicole Stoffman (Timmins Daily Press – September 27, 2023)

https://www.timminspress.com/

Says mining on high ground means minimal impact on peatlands

Kristan Straub provided an update on the development of the Eagle’s Nest Project within the Ring of Fire at a State of Mining luncheon at the Dante Club on Tuesday. Eagle’s Nest is an undeveloped high-grade nickel sulphide project and chromite deposit 400 kilometres northeast of Thunder Bay, and is set to be the first critical minerals deposit to be mined in the Ring of Fire region.

The Ring of Fire comprises 5,000 square kilometres, and is rich in critical minerals such as: high-grade nickel, copper, cobalt, platinum group elements and chromite. Critical minerals are so called because they have specific applications in industry and technology and have few substitutes. They are subject to geopolitical and environmental risk because they are geographically concentrated. The world’s biggest supplier of Nickel is Indonesia.

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Pentagon gives mine developer $20M to find nickel in Michigan – by Garret Ellison (M Live.com – September 20, 2023)

https://www.mlive.com/

WASHINGTON, D.C., — The federal government has awarded more than $20 million to a mine developer which is exploring for nickel deposits in Michigan and Minnesota.

On Tuesday, Sept. 12, the U.S. Department of Defense awarded a grant to Talon Metals, which is accelerating its hunt for nickel along a geologically unique region that includes parts of Minnesota and Michigan’s Upper Peninsula.

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Difficult decisions to open a new all-electric mine in Sudbury – by Len Gillis (Northern Ontario Business – September 13, 2023)

https://www.northernontariobusiness.com/

Glencore’s new Onaping Depth mine will need an underground refrigeration system and smaller diameter tunnels to keep the costs down

The process of going from diesel-powered underground mining to battery-electric mining is now a foregone conclusion for most Northern Ontario mine operators, but there are going to be plenty of growing pains.

That was one of the messages that came out of the Global Mining Guidelines Group forum held in Sudbury on Sept. 12 to examine the job of converting underground mines to full battery electric operations.

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Lithium, Nickel Miners Get $110 Million Boost From US Defense Department – by Joe Deaux (Bloomberg News – September 12, 2023)

https://www.bnnbloomberg.ca/

(Bloomberg) — Albemarle Corp. and Talon Metals Corp. are getting about $110 million in new US government funding to support the expansion of domestic mining of lithium and nickel, two metals critical to the nation’s energy transition.

Albemarle, the world’s largest lithium producer, will get $90 million to help support the miner’s planned reopening of its Kings Mountain, North Carolina lithium mine. Nickel miner Talon Metals will get $20.6 million to advance exploration of its Tamarack Intrusive Complex in Minnesota. The agreements, under the Defense Production Act, were announced Tuesday by the Defense Department.

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Mining company loses bid to revive Minnesota copper, nickel project – by Clark Mindock (Reuters – September 7, 2023)

https://www.reuters.com/

Sept 7 (Reuters) – A U.S. judge has rejected a bid by a subsidiary of Chilean mining company Antofagasta Plc(ANTO.L) to restore canceled mineral leases for a proposed $1.7 billion Minnesota copper and nickel mine, which the Biden administration had blocked over concerns it could pollute a major recreational waterway.

U.S. District Judge Christopher Cooper in Washington, D.C., on Wednesday dismissed Twin Metals’ 2022 lawsuit, which challenged the U.S. Interior Department’s decision earlier that year to cancel leases for an underground mine near the Boundary Waters Canoe Area Wilderness. The project would have been one of the biggest U.S. sources of metals needed to build electric vehicle batteries and other clean energy technologies.

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From ‘Ring of Fire’ to Mincor: Twiggy’s nickel dream drives Wyloo boss – by Simon Johanson (Sydney Morning Herald – September 3, 2023)

https://www.smh.com.au/

Ask Wyloo Metals boss Luca Giacovazzi, 31, if he’s a bit young to be four years into running a pure-play nickel miner that wrestled control of Canada’s fabled “Ring of Fire” basin from resources giant BHP, and he quips: “Don’t hold it against me.”

As head of Wyloo, Giacovazzi has the ear of mining magnate Andrew Forrest. The $1.5 billion mining and exploration company he has been building with strategic and capital creating deals since 2019 sits alongside Squadron Energy as a prize asset in Forrest’s private investment vehicle Tattarang.

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Almost there’: Ring of Fire talks expected between Ottawa, First Nations this fall – by Naimul Karim (Financial Post – September 05, 2023)

https://financialpost.com/

Representatives expected to meet this month to discuss conditions to guide regional assessment

Long-delayed plans to mine the mineral-rich Ring of Fire region in Ontario have taken a step forward as representatives from First Nations and the federal government are expected to meet this month to discuss conditions to guide a regional assessment.

The regional assessment will include large studies to determine the environmental impact of large-scale development in the region. Currently, about 18 First Nations from the area are creating a structure for the assessment, which will form the basis for discussions with the government.

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JV Article: Archer’s Grasset nickel deposit is getting its ‘day in the sun’ – by Northern Miner Staff (Canadian Mining Journal – August 28, 2023)

https://www.canadianminingjournal.com/

A multi-million-tonne nickel sulphide deposit discovered more than 10 years ago in the northern Abitibi region of Quebec is receiving fresh scrutiny

A multi-million-tonne nickel sulphide deposit discovered more than 10 years ago in the northern Abitibi region of Quebec is receiving fresh scrutiny from Archer Exploration (CSE: RCHR; US-OTC: RCHRF), the latest addition to Canada’s emerging league of battery material-focused junior exploration companies.

Grasset is one of the largest nickel sulphide deposits in Canada’s Abitibi region and the only North American nickel sulphide deposit with more than 50,000 contained tonnes of nickel and an average nickel-equivalent grade of over 1.5% that isn’t controlled by a major mining company.

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Wyloo will be mining more than nickel at Eagle’s Nest – by Ian Ross (Northern Ontario Business – August 17, 2023)

https://www.northernontariobusiness.com/

Underground aggregate extraction for Ring of Fire road will deliver both practical and environmental solutions

The proposed Eagle’s Nest mine will “set a new benchmark for what mining could look like” in the Ring of Fire, said its Australian developer.

Luca Giacovazzi, CEO of Wyloo Metals and a director with Ring of Fire Metals (formerly Noront Resources), revealed some of their innovative engineering solutions last week at the Diggers and Dealers Mining Forum, a leading industry bash held at Kalgoorlie in Western Australia.

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Time for Canada to fix its First Nations Problem – by John Kaiser (Kaiser Watch Podcast – August 11, 2023)

https://www.kaiserresearch.com/

Why did FPX Nickel drop sharply on Wednesday?

FPX Nickel Corp released a vague Aug 9, 2023 Update on its 2012 MOU with Tl’azt’en Nation which the market didn’t really understand until it tracked down the publication referred to by FPX, Dust’Lus Talo ‘Ooza’ August 2023, a monthly newsletter of the Tl’azt’en Nation.

Page 4 contained a declaration by Chief Leslie Aslin, elected in June 2022, that after more than a decade of collecting from FPX Nickel whatever benefits accrued from the 2012 Memorandum of Understanding, the Tl’azt’en Nation has decided it is unequivocally against development of Baptiste, which would become the world’s first awaruite based nickel mine in a secure jurisdiction, possibly with a zero carbon footprint, producing more than 4 decades of “clean” nickel relative to the dirty nickel Indonesia and Russia supplies (double that if Van is developed).

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Carmakers are desperate for nickel and have nowhere to look. It’s spurring majors to invest big – by Josh Chiat (Stockhead – August 13, 2023)

https://stockhead.com.au/

The head of Andrew and Nicola Forrest’s mining vehicle Wyloo Metals says carmakers are struggling to find nickel to stick in electric vehicles in a sign the sector is ripe for investment. It comes as BHP (ASX:BHP), a customer of Wyloo’s recently acquired Mincor Resources business in WA’s historic Kambalda nickel district, launches into one of the biggest investment splurges its once near dead nickel division has seen in 50 years.

Wyloo Metals CEO Luca Giacovazzi, who has spearheaded a dramatic expansion of Fortescue founder and iron ore billionaire Forrest’s private mining enterprise in recent years, told the Diggers and Dealers Mining Forum in Kalgoorlie last week contracts signed to date showed how short carmakers would be of the key cathode material.

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