While Others Hibernate, Savvy Investors Are Snatching Up Depressed Nickel and EV Stocks
Wednesday, January 24, 2024
It almost never fails that electric vehicles (EVs) and associated metal stocks get a bad rap in cold weather. Why? Because battery-powered vehicles perform worse in freezing temperatures and reporters don’t miss the opportunity to put it in the headlines. Metal stocks suffer sympathetically. However, it's important to understand the nuances and not paint them with too broad a brush or to fail to look for opportunities.
Reduced driving range and longer charging times are front-and-center for EVs makers like Tesla
and Rivian (NASDAQ: TSLA) right now, while worries about disrupted mining operations and future demand have been weighing on miners big and small, such as Arcadium Lithium (NASDAQ: RIVN) , FMC Corporation (NYSE: ALTM) , and Fathom Nickel Inc. (NYSE: FMC) (CSE:FNI) , a young explorer making its mark in the prolific Canadian Shield. (OTCQB: FNICF)
Fathom Nickel has not one, but two, targets in the Canadian Shield’s Trans-Hudson Corridor in Saskatchewan, including the Albert Lake Project, a treasure trove of magmatic nickel sulphide potential, promising a story of modern-day mineral exploration with the allure of a classic gold rush.
Nickel, one of the key ingredients in electric vehicle batteries, fuels the dreams of a greener future in addition to its litany of industrial uses. In the net zero scenario that countries aspire to achieve in the coming years, the
International Energy Administration sees a shortfall of nickel supply.
Source: IEA, Anticipated supply and projected demand for nickel in the Net Zero Scenario, 2030, IEA, Paris https://www.iea.org/data-and-statistics/charts/anticipated-supply-and-projected-demand-for-nickel-in-the-net-zero-scenario-2030, IEA. Licence: CC B
Fathom Nickel, a junior mining company brimming with ambition, recognizes the opportunity to fill the pending void and aims to become a cornerstone in the sustainable transportation revolution. The Albert Lake Project is a crown jewel, a 90,459-hectare playground holding the legacy of the historic Rottenstone Mine, once renowned for its high-grade nickel sulphide deposits. Equally impressive, the Albert Lake Project is complemented in the Fathom Nickel portfolio by the 22,000+ hectare Gochager Lake Project that is host to a historic, NI 43-101 non-compliant open pit resource consisting of 4.3 million tons at 0.295% nickel (Ni) and 0.081% copper (Cu).
History alone doesn't guarantee riches. This is where the scientific sleuthing begins. Armed with cutting-edge geophysical tools and seasoned geological expertise, Fathom's team is meticulously and systematically probing the mineralization at its projects. Last week, Fathom gave investors a reason to get excited with news that the winter exploration program at the Albert Lake Project will commence during the last week of January.
The geophysics team and drill contractor are expected to arrive at the property on or about January 29. Drilling is expected to commence during the first week of February. Drilling will focus on the Tremblay-Olson Claims area, approximately two kilometers southwest of the historic Rottenstone Mine, where the company
has identified a very robust time domain electromagnetic (TDEM) conductor occurring on the eastern flank of an impressive multi-element-in-soil anomaly.
The company intends to move quickly, drilling 2,000-2,500 meters across 5-7 holes in just four weeks.
The stakes are high, the excitement palpable, for Fathom to write the next chapter in the history of Canada’s famous base metal mining industry. Beyond the geological drama, Fathom Nickel embraces a deeper narrative too. Management understands the responsibility that comes with unlocking the earth's treasures. Environmental stewardship is paramount, with a commitment to minimizing their footprint and engaging with local communities. Sustainability isn't just a buzzword; it's woven into the fabric of their exploration mission.
Looking back a year, FNI stock was an upward force, as shares surged from (in Canadian dollars) 4.5 cents in February to 35 cents in September. As winter began to cast long shadows on the frozen landscape, the stock consolidated, seemingly finding a bottom at a dime per share in December. With drilling set to commence, every day brings the company and investors closer to better understanding if indeed the Trans-Hudson Corridor is ready to unveil its next great discovery. And when the sun inevitably shines bright on EV and metal stocks again, those that paid attention during the winter doldrums will be glad they did.
Fathom Nickel Inc. (CSE:FNI) (OTCQB: FNICF) Full Corporate Write-Up:
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