New Survey Launches Nickel-Copper Exploration in Qubec
Infinico Metals Corp. (INFM:TSX) has announced the commencement of a Helicopter Time Domain Electromagnetic and Magnetic (TDEM) survey at its Nicobi Property, located 160 kilometers northeast of Val d'Or, Quebec. Read how the company sees this project's place in future plans for exploration.
Infinico Metals Corp. (INFM:TSX) has announced the commencement of a Helicopter Time Domain Electromagnetic and Magnetic (TDEM) survey at its Nicobi Property, located 160 kilometers northeast of Val d'Or, Quebec. The survey, conducted by Xcalibur Smart Mapping, will cover 60 km? of the property, with 465 kilometers of flight lines flown at 150-meter spacing.
The goal of this survey is to detect subsurface conductive features and magnetic trends that will guide future exploration efforts and potentially define new drill targets. This represents a shift in focus from Showing A, where the company previously demonstrated potential for nickel-copper sulfide mineralization. With this latest initiative, Infinico is expanding exploration across the entire property, aiming to identify additional zones of mineralization.
Sam Walding, CEO of Infinico, stated in the company press release, "We are now looking forward to expanding our exploration efforts across the whole of the Nicobi Property. Our previous work has established the potential for massive Ni-Cu sulfide mineralization on the property, and the TDEM survey will aid in targeting possible new zones of massive Ni-Cu sulfide mineralization elsewhere."
A Surge in Critical Metals
Infinico Metals Corp. operates within the critical minerals sector, specifically focusing on nickel and copper exploration. These metals are considered central to the energy transition and the shift towards electric vehicles (EVs).
According to Watcher.Guru on September 25, "Copper prices are skyrocketing in the charts after the Federal Reserve announced an interest rate cut of 50 bps last week." Copper surged from US$9,200 to US$9,600 per tonne within a week, reflecting strong bullish sentiment. This trend is driven by the metal's critical role in EV batteries and other green technologies, with copper having surged 13.3% year-to-date in 2024. Analysts, including He Tianyu, noted that "copper demand and price could improve in the fourth quarter," anticipating continued growth in the market.
The rising demand for critical minerals like copper and nickel was further emphasized by News Security Beat on August 20, which highlighted that "critical minerals and the soaring demand for them are a key challenge for policymakers and analysts around the world." In this context, junior mining companies, such as Infinico, play a pioneering role, though they often face financial constraints in exploration spending. Despite these challenges, "the U.S. government should increase grants to support domestic mineral exploration and early-stage development," aiding companies like Infinico in scaling up their projects and narrowing future supply gaps.
Nickel, another key focus for Infinico, has also seen heightened demand. E&E News by Politico on September 16 reported that the Eagle mine's nickel output is contributing to the global supply chain for stainless steel and EV batteries. While Infinico aims to contribute to this growing demand, industry experts stress the importance of building public trust and community acceptance for such projects. " According to Investing News on September 17, "demand for these important commodities is expected to keep rising as the shift toward clean technologies continues at a global scale."
Catalysts Driving Infinico's Growth Potential
Infinico Metals Corp.'s current exploration activities at the Nicobi Property are part of a broader strategy to capitalize on critical metal deposits, focusing on nickel, copper, and cobalt. The TDEM survey aims to uncover new mineralization zones and guide future drill campaigns. Previous drilling at Showing A intercepted 51.94 meters at 1.37% nickel, 0.38% copper, and 418 ppm cobalt, indicating the property's mineral potential.
According to the company's August 2024 investor presentation, Infinico is targeting technically and environmentally robust projects that have the potential to be developed into productive mining operations. This approach emphasizes rapid resource development and low-impact operations. As Infinico continues its exploration, the data from the TDEM survey could generate additional targets that align with its goal of delivering economic discoveries in the critical metals space.
Expert Endorsements Fuel Infinico's Momentum
*Clive Maund, a technical analyst, rated Infinico as an "Immediate Strong Buy" in his July 11 report. He pointed out that the company was in a position to "embark on a potentially major bull market" following a significant base pattern completion. This base pattern, combined with recent nickel discoveries at its Nicobi Project, positioned Infinico for a potential breakthrough.
Dr. Quinton Hennigh, an internationally renowned exploration geologist, emphasized the importance of the company's discoveries, stating that "high-quality magmatic nickel sulfide discoveries are quite rare lately" and that Infinico's "1.4% Ni over 52 meters in hole NBI-24-001" at Nicobi was particularly significant. He further suggested that "this could turn into a very exciting discovery story very quickly," given the presence of multiple conductive zones and the potential for larger sulfide mineralization bodies.
Streetwise Ownership Overview*
Infinico Metals Corp. (INFM:TSX)
*Share Structureas of 7/10/2024Source: InfinicoMaund also compared Infinico's situation to other success stories in the industry, highlighting that "any exploration company with an intercept of 50 plus meters at over 1% nickel is trading at a minimum valuation of CA$20 million to CA$30 million, yet Infinico is currently valued at about CA$3 - CA$4 million." This underscored the company's significant potential for revaluation as it continues to progress its exploration efforts.
Ownership and Share Structure
According to Infinico, about 3% is owned by insiders and management, and institutions own about 40%. The rest is retail.
The top shareholder is Plethora Private Equity Management with 31%, the company said. According to Reuters, Director Dan James owns 2.55%, Executive Chairman Tom Panoulias owns 0.07%, and Director Perry Ing owns 0.04%.
The company has 64.13 million shares outstanding. Its market cap is CA$3.85 million, and it trades in a 52-week range of CA$0.11 and CA$0.03.
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Important Disclosures:
Infinico Metals Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Infinico Metals Corp. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.
* Disclosure for the quote from the Clive Maund article published on July 11, 2024
For the quoted article (published on July 11, 2024), the Company has paid Street Smart, an affiliate of Streetwise Reports, between US$1,500 and US$2,500.Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts' Diploma in 1989. The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressedClivemaund.com Disclosures
The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.