B.C. nickel-cobalt project gets notice, cash

North of 60 Mining News – July 13, 2018


Last updated 9/25/2020 at 5:46am

Hard Creek Nickel, Giga Metals battery metals project BC

Tesla Inc.

Increased electric vehicle production is driving up the demand for new sources of cobalt in safe jurisdictions, such as Giga Metals' Turnagain project in northern British Columbia.

Giga Metals Corp. (formerly Hard Creek Metals Corp.) July 11 said it has agreed to sell a 2 percent net smelter return royalty on all future metal production from the Turnagain nickel-cobalt project in north-central British Columbia, to Cobalt 27 Capital Corp. for US$1 million in cash payment and 1.125 million Cobalt 27 shares, valued at US$6.8 million based on the July 11 closing price.


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