North American Nickel Inc.

North American Nickel Inc. is a mineral exploration company with 100%-owned properties in Maniitsoq, Greenland; Sudbury, Ontario; and the Thompson Nickel Belt in Manitoba. The Maniitsoq property in Greenland is a camp-scale project comprising 2,954 km2 covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt. The >75km-long belt is situated along, and near, the southwest coast of Greenland, which is pack-ice free year-round.

Expert Comments:

Haywood Securities (7/10/15)
"North American Nickel Inc. announced details of its previously announced private placement in June, whereby 45.5M shares will be issued at CA$0.22 per share plus one half of one warrant priced at $0.30 per share. . .for gross proceeds of $10M. The net proceeds of the financing will be used to fund the company's 2015 exploration and zone drill program at its 100%-owned Maniitsoq nickel-sulfide project in southwestern Greenland and to provide additional working capital."

Haywood Securities (6/25/15)
"The current deposit model for North American Nickel Inc.'s Maniitsoq project in Greenland hinges on mantle melting in response to a giant meteorite impact approximately 3 billion years ago. . .to date, the company has identified more than 200 conducive target zones through versatile time-domain electromagnetic (VTEM) geophysical surveys. . .and completed 14,589m diamond drilling on the Maniitsoq project, with two-thirds of the drilling targeting massive to semi-massive sulfide mineralization at Imiak Hill (including high-grade discovery holes such as MQ-13-026, which returned 18.62m grading 4.31% nickel and 0.62% copper in 2013)."

Haywood Securities (4/16/15)
"North American Nickel Inc. is focused on advancing its 100%-owned Maniitsoq nickel project located in coastal southwest Greenland. . .initial exploration drilling has produced significant results (including 11.03m grading 3.07% nickel and 0.53% copper in drill hole MQ-14-037). Further drilling is required to determine whether a deep-seated magma-conduit system exists, synonymous with geologically similar deposit types such as Voisey's Bay in Labrador. . .North American Nickel is also proceeding with an assignment agreement with Minelco AB to acquire the nearby Seqi deepwater port, which will provide it with an operational hub capable of accepting Panamax vessels up to 55,000 deadweight tons year-round."

"I like North American Nickel Inc. . .the company has put together one heck of a management team. It has been able to raise money all through the down cycle. It is being funded by its sister company, VMS Ventures. Funding is also being provided by the Sentient Group, which is an umbrella group, so that opens up other conduits to financing. It has $6M in its treasury and will raise more. North American Nickel continues to advance its highly prospective Maniitsoq nickel-sulphide project in Greenland. It is going exploring this year, putting drill holes into the new targets identified last year and will drill some of the older targets to define resources. North American Nickel will also fly geophysics over new targets and will have boots on the ground doing an extensive mapping and sampling program. The drilling contract has been signed. The camp logistics contract is signed.

The company announced April 1 it is moving forward with its plan to buy the port of Seqi from LKAB Minerals, a subsidiary of Minelco AS, a Swedish iron producer. The port is a pier out into a deep-water fjord just a little farther up from its base camp. When North American Nickel gets Seqi, fog is not going to be as much of a problem. Helicopter expenses will be quite a bit lower, and shipping will be possible year-round. To build or replace this pier and quay would cost about $50–60M. My understanding is that North American Nickel can take over the reclamation bond that was posted with the government. And the port would be a revenue stream should other companies decide to make use of it. . .Patricia Tirschmann, the new vice president of exploration, liked the project and wanted to come aboard; she's an expert in nickel sulphide exploration. She then hired Sharon Taylor as chief geophysicist, again another in-house expert hired. This shows you the quality of the people that an existing high-quality management team with a high-quality project attracts.

North American Nickel is a well-funded, well-managed company with serious backers working to find nickel sulphide. Such deposits are rare, and anything close to tidewater is even rarer. This company is building shareholder value." read more >

"North American Nickel Inc. is in the small-cap, high-grade category. . .North American Nickel has spent the past two years exploring a high-grade nickel sulphide discovery in Greenland that is associated with rocks that are similar to the world-class Voisey's Bay deposit in Labrador." read more >

"Nickel is definitely a metal to have on your radar screen. Today, nickel sulfide discoveries are as rare as chicken teeth, but North American Nickel Inc. has found an incredible amount of smoke in Greenland and should find fire soon." read more >

More Expert Comments

Experts Commenting on This Company

Angelos Damaskos, Chief Executive Officer – Sector Investment Managers Ltd
Stefan Ioannou, Mining Analyst – Haywood Securities
Rick Mills Ahead of the Herd
Steve Palmer, President and Chief Investment Officer – AlphaNorth Asset Management

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