- IEA projects EV sales to grow by 35% this year to reach 14 million
- Drilling results confirm Midlothian as a “significant discovery,” states CEO
- Testing was comprised of four drillholes, which were completed during winter 2023
With the electric vehicle (“EV”) market growing — and projected to increase even more in the coming years (https://ibn.fm/gRiIU) — demand for EV components, including nickel, is growing as well. Nickel is an essential material used in many EV batteries, and Canada Nickel Company (TSX.V: CNC) (OTCQX: CNIKF) is committed to increase its production to meet the growing demand. As evidence of that commitment, the company recently released the latest drill results from its Midlothian property, indicating all on the project show good nickel grades (https://ibn.fm/OICtU).
“The global auto industry is undergoing a sea change,” an International Energy Association (“IEA”) report stated. “Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the…
NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF
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