CEO Clips - Giga Metals Partners with Mitsubishi to Advance Nickel & Cobalt Deposit
Mining stocks to watch
Giga Metals, a Canadian mining company, has a giant deposit of nickel and cobalt that is advancing to Pre-Feasibility to feed the high demand for electric vehicles and batteries. Building a mine of this scale requires a significant investment of $1.5-$2 billion,which is a challenge for a small company like Giga Metals. To overcome this challenge, they signed a joint venture with Mitsubishi Corp. six months ago. Mitsubishi has the financial capacity to help build a large mine. Giga is also talking to large car and battery manufacturers to take a minority interest in the project for them to secure a reliable long-term supply of these critical minerals.
Mark Jarvis, CEO
Mr. Jarvis has more than 30 years of experience in exploration and development of mineral resources, both in oil and gas and metals. After a career in financing exploration projects as a stockbroker, Mr. Jarvis moved to the corporate side of the business in 1996. He joined the Board of Ultra Petroleum, which at the time was a small oil and gas exploration and development company with a large, unconventional gas deposit. As Director responsible for Corporate Finance, he raised the equity capital necessary to prove the concept and to establish enough production to finance further growth with debt. Ultra Petroleum grew from an exploration play to 3 TCF of proven gas reserves.
Mr. Jarvis became CEO of Giga Metals Corporation's predecessor company in January 2004. During his tenure, the company has drilled off a giant nickel/cobalt deposit, worked out a reliable metallurgical circuit, and published a Preliminary Economic Assessment.
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