TSX-V: FLYN $0.090
OTCQB: FLYNF $0.064
Nickel: $7.993
Platinum: $936.672
TSX-V: FLYN $0.090
OTCQB: FLYNF $0.064
Nickel: $7.993
Platinum: $936.672
pulacayo_img
pulacayo_img
pulacayo_img
pulacayo_img
pulacayo_img
pulacayo_img
pulacayo_img

Subscribe to our Newsletter

OTCQB:FLYNF

0.064
0.000
2000

TSX-V:FLYN

0.090
-0.005
5750
Last updated: 2024-04-18

About Flying Nickel

Flying Nickel Mining Corp., is a Canadian mining company trading on the Toronto Venture Exchange under the symbol FLYN and on the OTC under FLYNF.

The Company's flagship Minago project (Thompson nickel belt in Manitoba, Canada) is one of the world's largest high-grade open-pit optimized platinum nickel sulphide deposits.

Flying Nickel aims to supply the electric vehicle industry with high-performance battery ingredients that are 100% made in Canada with low carbon emissions.

Downloads

*Based on technical report by Mercator Geotechnical Services dated July 6, 2021. Mineral resources do not demonstrate economic viability

405,020 oz PGM

690,000,000 lbs Nickel

88.065

Shares Outstanding

$7.926

Market Cap

Minago Nickel PGM Project

Project Location Project Profile (M&I) Stage
Thompson Manitoba 690Mlbs Nickel,
405koz PGM
Permitting
Pre-Production

Minago is located in the southern extent of the Thompson Nickel Belt (“TNB”). TNB is the 2nd largest nickel camp in Canada with over 5 billion pounds of past nickel production. Provincial Highway 6 and a high-voltage (230 kV) transmission line are within 1km from proposed Minago open-pit project area. Vale currently mines and produces nickel concentrates in Thompson. The Thompson nickel concentrates are shipped by rail to Vale’s Sudbury smelter for processing to refined nickel for customers such as Telsa.

Minago Nickel PGM Resource

The Minago Project MRE, effective date March 18th 2024, was prepared by Mercator Geological Services Limited (“Mercator”)

Type Ni %
Cut-off
Category Tonnes
(M)
Ni % Pd
g/t
Pt
g/t
Ni
M lbs
Pd
koz
Pt
koz
In-Pit 0.29 Measured 11.53 0.74 0.21 0.09 188.1 77.9 33.4
Indicated 24.44 0.63 0.16 0.07 339.5 125.7 55
Measured and
Indicated
35.97 0.67 0.18 0.08 531.3 208.2 92.5
Inferred 3.14 0.66 0.14 0.06 45.7 14.1 6.1
UG 0.75 Measured 0.39 0.97 0.28 0.12 8.3 3.5 1.5
Indicated 7.08 0.97 0.29 0.12 151.4 66.0 27.3
Measured and
Indicated
7.47 0.97 0.29 0.12 159.7 69.7 28.8
Inferred 6.05 0.97 0.18 0.08 129.4 35.0 15.6
Combined 0.29/
0.75
Measured 11.92 0.75 0.22 0.09 197.1 84.3 34.49
Indicated 31.52 0.71 0.19 0.08 493.4 192.5 81.1
Measured and
Indicated
43.44 0.72 0.2 0.09 689.5 279.3 125.7
Inferred 9.2 0.86 0.16 0.07 174.43 47.33 20.71

Minago Platinum Nickel Exploration

Minago has similar structural, geological and mineralogical characteristics to other deposits located on the Thompson Nickel Belt. Platinum Nickel mineralization at the Minago Project remains open at depth beyond 350 meters and along strike. Substantial volume of known platinum nickel mineralization was excluded as a result of the cut-off grades applied. Flying Nickel believes that some of the excluded mineralization could be included in the contained in-situ resource at higher metal prices.

Minago Carbon Emission

Issuance of an updated Environment Act License is expected in 2023, along with completion of a Feasibility study. The proposed Minago open pit operation could potentially have one of lowest carbon emissions, as hydro accounts for 97% of all electricity generation in Manitoba.

cover
cover
cover
cover
cover

Build the future together

Management

John Lee , CFA Interim CEO : Executive Chairman

Mr. Lee specializes in mining M&A and has raised over $150 million through the TSX and TSX Venture Exchange for junior companies since 2009. Lee identified, negotiated and financed Lynn Lake nickel acquisition in 2009, Ulaan Ovoo coal in 2010, Wellgreen nickel-pgm in 2011, Shakespeare nickel-pgm in 2012, Pulacayo silver in 2015, Gibellini vanadium in 2017, Bisoni vanadium in 2020, and Minago nickel-pgm in 2021. Mr. Lee is a CFA charterholder and graduated from Rice University with bachelor’s degrees in Economics and in Engineering (honor).

Rob Van Drunen Chief Operating Officer

Robert Van Drunen, who is based in Thompson, Manitoba, has over 30 years of experience with Vale and Inco. He started his mining career with Inco in 1990 and progressed through his career with increasing levels of responsibility, including Mine Manager and most recently Senior Project Manager of the Thompson Operation. In the latter role, he led multi- disciplinary teams in all aspects of mining, including operations (both underground and open pit), maintenance, exploration, procurement, supply chain management, and contract management.
Mr. Van Drunen holds a Masters Certificate in Project Management from York University (Schulich School of Business) and the University of Winnipeg. He specializes in process improvement and cost control, as well as having an award winning track record for zero-harm safety culture. Mr.Van Drunen is also the Chief Operating Officer of Silver Elephant Mining Corp.

Andrew Yau CPA, CGA: Chief Financial Officer

Mr. Yau is an accomplished financial executive with diverse merger and acquisition experience in the mining sector complemented with strong international financial reporting standards (IFRS) and public company compliance knowledge. Mr. Yau previously held senior financial positions with several Toronto Stock Exchange- and TSX Venture Exchange-listed companies, most recently as executive vice-president and chief financial officer of Orea Mining Corp.
Mr. Yau, CPA, CGA, holds a bachelor of commerce and business administration degree from the University of British Columbia and has been in accounting and finance roles with publicly listed companies since 2006.

Peter C. Lightfoot P.Geo: Advisor

During a 20-year career as a geologist with Inco and Vale Dr. Lightfoot was responsible for nickel exploration at Voisey’s Bay, Sudbury and Carajas. Peter was also involved in project generation, evaluation and technical support in Canada, Greenland, Scandinavia, Finland, China, India, Australia, Brazil, Angola, South Africa and the United States.
Dr. Lightfoot is currently an Adjunct Professor at the University of Western Ontario. In 2016, Peter published the first comprehensive textbook on the Ni-Cu-precious metal ore deposits of the Sudbury Igneous Complex. Peter received his B.A. in Earth Sciences from Oxford in 1980, his M.Sc. degree from the University of Toronto in 1982 and his PhD from the Open University (U.K.) in 1985. He completed post-doctoral studies at the University of Toronto and undertook extensive research on the geology and geochemistry of the Noril’sk ore deposits during his tenure as an Adjunct Professor.

Doug Ramsey M.Sc. Environmental Manager

Doug Ramsey is a Registered Professional Biologist in British Columbia, with four decades of experience in the areas of environmental assessment, permitting, and indigenous consultations in the mining sector. In Manitoba, Mr. Ramsey led the environmental monitoring and permitting at the Tanco mine for 12 years, and acted as the lead Technical Director for the Sherridon orphaned mine site reclamation project.
Over his career, Mr. Ramsey’s practice has included clients such as Inco, Falconbridge, Kinross, Barrick, Spanish Mountain Gold, Environment Canada, and Fisheries and Oceans Canada, as well as numerous First Nations in Manitoba as well as in Ontario, Quebec, and British Columbia.
Mr. Ramsey is regularly called upon to present scientific information to indigenous stakeholders and has made presentations on environmental and reclamation issues at various mining conferences.

News