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EV Nickel Reports CarLang A PEA: Robust Economics for Large Scale Nickel Project

1. EV Nickel reports strong PEA results for CarLang A Nickel Project. 2. Projected EBITDA of C$681 million signals robust financial potential.

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FAQ

Why Bullish?

The positive NPV and strong cash generation suggest strong future stock performance, similar to past successes in nickel projects.

How important is it?

High NPV and cash flow projections are directly relevant to M's market attractiveness and investor interest.

Why Long Term?

Strong operational metrics such as EBITDA can lead to sustained investor confidence over the project life.

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Pre-Tax NPV(8%) of $1.91 Billion Post-Tax NPV(8%) of $1.48 Billion Net C1 Cash Costs of US$4.36/lb Ni and Net AISC of US$4.87/lb Ni after by-product credits Producing 1.6B lbs of payable Ni over 20 year mine life Annual EBITDA of C$681 Million and Annual Free Cash of C$313 Million (All amounts in Canadian Dollars unless otherwise indicated) TORONTO, ON / ACCESS Newswire / May 5, 2025 / EV NICKEL INC. (TSX-V:EVNI) ("EVNi" or the "Company is pleased to report the results of a Preliminary Economic Assessment ("PEA") on its 100% owned CarLang A Nickel Project (the "Project"), located approximately 30 kilometres southeast of Timmins, Ontario.

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