EV Nickel Forms Subsidiary to Advance Bioleaching Technology

MT newswire2026/10/05 20:56

04:56 PM EDT, 10/05/2026 (MT Newswires) -- EV Nickel (EVNI.V) after trade Monday said it formed a wholly owned subsidiary focused on developing and commercializing bioleaching technology for nickel processing. The company also signed a memorandum of understanding with Weber Manufacturing Technologies to explore an integrated Canadian mine-to-nickel-product supply chain, it said. Per the proposed deal, the companies will assess producing nickel powders and related products in Canada using mixed hydroxide precipitates from EV Nickel's Timmins, Ontario-area projects. "EV Nickel believes that the development of domestic nickel processing technologies represents an important opportunity to increase the value captured from Canadian nickel resources while supporting the Canadian domestic critical-mineral supply-chain security," the company said. EV Nickel shares closed at CA$0.14 on the TSX Venture Exchange.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

The value of cryptocurrency assets held by the U.S. government has shrunk by $16 billion from last year’s peak.

AiCoin•2026/10/11 03:23

Copper prices approach historic highs! UBS remains bullish: "Still most optimistic"

华尔街见闻•2026/10/11 01:57

A COVID Vaccine Stock on the S&P 500 Is Up 600% This Year

BeInCrypto•2026/10/10 22:48

The number of stablecoin holders on the Solana chain has surpassed 14 million.

AiCoin•2026/10/10 21:35