Test results at Giga Metals (TSXV:GIGA) Turnagain nickel project indicate potential carbon neutrality

• Giga Metals Corp. (GIGA) recently conducted testing at its Turnagain nickel project that demonstrated the project’s potential to operate as carbon neutral
• The test work was conducted by a team led by the University of British Columbia’s Dr. Greg Dipple, and showed that Turnagain could become a carbon-neutral project if an electrified haul fleet becomes available
• Based on results from the study, Giga Metals estimates that approximately 900,000 tonnes of CO₂ would be sequestered over the life of the mine
• Giga Metals is focused on metals critical to modern batteries, especially those used in electric vehicles and energy storage
• Giga Metals Corp. (GIGA) remains steady, trading at $0.39 per share

Giga Metals Corp. (GIGA) recently conducted testing that demonstrated the Turnagain nickel project’s potential to operate as carbon neutral.

The test work was conducted by a team led by the University of British Columbia’s Dr. Greg Dipple, who has been studying mineral sequestration of CO₂ in mine tailings around the world for more than 15 years.

According to Dr. Dipple’s research, the greenhouse gas is absorbed by exposing tailings or other waste rock to the atmosphere, which converts the host rock minerals to carbonate minerals, locking away the CO₂ for geological time periods.

At the demonstrated basic sequestration rate measured in the study and factoring in the tailings management facility size used in the preliminary economic assessment, Giga Metals estimates that approximately 900,000 tonnes of CO₂ would be sequestered over the life of the mine.

“This is exciting news,” said Martin Vydra, Giga Metals president and director. “We now have empirical data that supports our ambition to build the world’s first true carbon neutral nickel mine, meaning a project that achieves carbon neutrality without purchasing carbon credits.”

“We look forward to working with Giga Metals to conduct additional tests on larger samples,” said Dr. Dipple, whose research showed that Turnagain could become a carbon neutral project if an electrified haul fleet becomes available.

“We recognize the growing importance of strong ESG performance from commodity producers,” said Mr. Vydra. “We are also looking forward to continuing work with Dr. Dipple as we see a potential for Turnagain to actually generate carbon credits under the right scenario, however there is still significant work ahead before we can address this potential.”

Giga Metals Corporation is focused on metals critical to modern batteries, especially those used in electric vehicles and energy storage.

Giga Metals Corp. (GIGA) remains steady, trading at $0.39 per share as of 2:21 pm ET.