Responsibly reactivating past-producing assets through modern exploration
Class 1 Nickel and Technologies Limited
Class 1 Nickel is a Canadian Stock Exchange listed resource company (CSE: NICO) upgrading and developing its existing nickel-cobalt sulphide portfolio.
Class 1 Nickel owns two high-grade past producing nickel sulphide projects in Tier 1 mining camps, including the Alexo-Dundonald Project with existing NI43-101 Compliant Mineral Resource with significant resource growth and near-term mining potential.
An opportunity steeped in history – reinvigorated by the markets increasing demand for clean nickel
Leverage previous production for a cleaner tomorrow through exploration and growth of a formerly producing resource in need of responsible reactivation to supply the electric revolution
Green Revolution - Energy Metals Opportunity in Canada
Critical battery minerals, particularly nickel and PGEs experiencing unprecedented demand as part of global electrification and decarbonization trend.
Canada’s federal budget includes an investment of at least $1.6 billion for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain
With current trends, Class 1 Nickel is expected to be undersupply
Lithium Battery and EV manufacturers undertaking vertical integration via direct investment to ensure certainty of supply
PROJECTS
INVESTMENT HIGHLIGHTS
Short-Medium Term Cash Flow Potential
- Flagship Alexo-Dundonald Project is a past-producing project where Class 1 Nickel is completing a database review, 3D Modelling and infill drilling program to increase the known resource with a view to completing a PEA by mid 2023.
- Multiple local processing options for Alexo-Dundonald, which could reduce upfront capex. Mineralized material was previously sent to Glencore’s Strathcona processing facility near Sudbury, and the Kidd Metallurgical Site is ~30 km away.
Significant Exploration Upside
- Historical drilling at Alexo-Dundonald and Somanike Projects was constrained to 200m depth. Significant potential to define a contiguous geological resource down plunge and along strike of the 4 zones.
- Class 1 intend to aggressively explore and drill potential mineralized extensions and new, untested anomalies.
Strong Nickel Fundamentals
- Nickel expected to more than triple demand by 2030 while supply is estimated to increase 56%
- Tesla is developing cathodes that will contain higher nickel
- VALE sees 44% increase in global nickel demand by 2030
Location and Infrastructure
- The Alexo-Dundonald Project includes 28.5 km2 land package located 45 km from Timmins, Ontario, close to road, power, and infrastructure.
- Pro-mining region known for some of Canada’s most significant mining operations such as Bell Creek and Timmins West (Pan American), Hoyle Pond (Newmont), Taylor (Kirkland Lake), and Kidd Creek (Glencore).
Strong Team
- Class 1 is supported with a strong a board, management and founders, collectively owning 70% of the company.
- The company has amassed an impressive technical team, with a strong track record of nickel sulphide exploration success.