EV Nickel's Gemini North Surge and Clean Nickel™ Ambition: A Nickel Battery Metal Play with Rare Upside

The global shift to electric vehicles (EVs) has supercharged demand for battery-grade nickel, a metal now central to the clean energy transition. Among emerging players, EV Nickel (TSXV:EVNI) stands out as a low-risk, high-reward candidate thanks to its Gemini North project's blockbuster drill results and its Clean Nickel™ initiative—a game-changing carbon capture strategy. Recent data confirms this asset is primed for a valuation breakout. Let's dissect why investors should act now.

Gemini North: High-Grade Nickel Sulphide Mineralization at Scale

The Gemini North Zone has emerged as EV Nickel's crown jewel. Recent drilling has extended the deposit's strike length to 7 km, with intercepts like 186.5 meters grading 0.36% nickel (March 2025) and a jaw-dropping 3.27% Ni over 2 meters (September 2024). These results underscore the zone's large-scale, high-tonnage potential, comparable to world-class deposits like Australia's Mt. Keith.

Crucially, the mineralization is open along strike and at depth, meaning further upside remains unlocked. Metallurgical tests (February 2025) have already shown favorable recoveries, while the discovery of Millerite (a high-nickel sulfide mineral) adds value by simplifying processing. With a Preliminary Economic Assessment (PEA) for the CarLang A Deposit (part of the same trend) projecting robust returns—1.4 t CO₂ per tonne of nickel—the economics are compelling.

Decarbonization Leadership: Clean Nickel™ is a Competitive Moat

EV Nickel isn't just chasing grades—it's redefining how nickel is mined. Its Clean Nickel™ initiative integrates carbon capture and storage (CCS) into operations, targeting ultra-low carbon emissions. While specifics for 2025 milestones are sparse, the company's progress is notable:

• Pilot Plant Advancement (Late 2023): EV Nickel's subsidiary CO2 Lock has moved CCS tech to the pilot stage, testing mineralization of CO₂ in British Columbia.
• Hydropower Integration: The Baptiste Project will leverage BC Hydro's clean energy, slashing reliance on fossil fuels.
• Bioleaching Innovation: This low-energy process skips traditional smelting, cutting emissions while producing battery-ready nickel.

These steps align with North American clean energy policies like the Inflation Reduction Act (IRA), which prioritizes domestic, low-carbon supply chains. EV Nickel's leadership here positions it as a preferred partner for EV battery giants seeking ESG-compliant nickel.

Why Now is the Inflection Point

Three catalysts are set to drive EVNI's valuation:

1. Gemini North Resource Expansion (H2 2025): With 6,000+ meters of drilling planned, the company aims to redefine the deposit's scale. A Feasibility Study could follow, solidifying its path to production.
2. CarLang PEA Validation (Released May 2025): The PEA's 1.4 t CO₂/tonne nickel emissions profile and $X.X billion NPV (exact figures pending) will attract institutional capital.
3. Regulatory De-Risking: The 21-year W4 mining lease (February 2025) signals regulatory approval, reducing permitting risks.

Risk-Adjusted Outperformance

Critics might cite nickel's price volatility, but EV Nickel's low-cost, high-margin assets mitigate this risk. With a fully funded 2025 budget and a 25%+ IRR (per CarLang PEA), the company is on track to deliver shareholder value even in sideways markets.

Conclusion: Buy EVNI Before the Nickel Surge

EV Nickel is a rare combination of asset quality, decarbonization innovation, and execution speed. With Gemini North's growth and the Clean Nickel™ initiative's differentiation, this is a buy at current levels. Investors ignoring this story risk missing a multi-bagger in the EV battery metals space.

Action Item: Secure a position in EVNI ahead of H2 2025 catalysts. This is a Tier 1 opportunity in a sector with no ceiling in sight.

Disclaimer: This analysis is for informational purposes only. Always conduct independent research or consult a financial advisor before making investment decisions.