Company management believes the supply chain for EV vehicles is already filled with too many middle men. EV manufacturers must control the whole supply chain to stay competitive, especially with a commodity that may soon be inflationary, leading to a squeeze on profits as the cost of nickel starts to rise with increased demand. Goldman Sachs recently upgraded their numbers for EV vehicles coming to market in the next 20 years. We anticipate that major EV players like Tesla will seek out nickel through billion dollar supply contracts and the inevitable purchase of their own nickel mines.
Company management believes there will be a nickel rush leading to an extreme rise in nickel prices. Nickel is projected to become the most important EV metal and those companies that position themselves readily in the supply chain will have a product steadily increasing in demand. We believe the arrival of semi trucks will generate the need for much larger battery cells, further straining nickel supply. We anticipate that as larger EV vehicles such as buses and trucks pour onto the streets, the nickel rush will begin.
Upon successful completion of its exploration work Fortune Nickel and Gold Inc. intends to build a mining operation that is both sustainable and profitable. Financing to move the Gowan project through the mine development sequence is available from an array of different sources. Large cap mining companies looking to make a substantial ROI are potential partners and already have an interest in the Gowan project. Large scale (“EV”) companies relying on a steadily priced nickel supply for their battery production needs are potential partners as well. A partner will be chosen based on the company’s best long term financial interests such as shareholder value and financial strength.
Company management has a strategy to secure itself into the multi-billion dollar nickel supply chain. Stay tuned.
Fortune's Strategic Advisor, Prairie Fire Enterprises, has put a strategic work program in place that includes the following:
Fly a detailed mag survey-50m spacing using a drone system.
Re-drill the government RCD hole that contained 3.5% Nickel to obtain updated assays on nickel, platinum, palladium copper, and gold.
Fly a detailed EM and gravity survey or do 3 lines of IP survey.
Conduct a moving loop electromagnetic survey or "MLEM" across the property to help speed up the exploration process. The new MLEM survey will integrate some fresh technology in the form of a high-temperature superconducting quantum interference device or "SQUID." SQUID helps to minimize noise levels that originate from the conductive surficial cover so that the EM signal can penetrate deeper and at higher resolutions. SQUID can assist the operator to understand better what may be lurking below the surface.
Diamond drill the 10 best targets.
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