Stock and Forex Trader Samuel Leach from Samuel and Co Trading had this to say about Nickel & Lithium. Electrical Vehicles (EV) could be the driving force to lift Nickel and Lithium prices. According to Deloitte, total EV sales are expected to grow from approximately 2.5 million in 2020 to around 11.2 million in 2025, then reach about 31.1 million by 2030. But without sufficient supplies of minerals such as Nickel and Lithium, this potentially $3 trillion EV market could grind to a halt.

This brought me to explore a few specific Nickel and Lithium focused companies, especially Nickel Rock Resources Inc (TSXV:NICL) (OTCQB:NIKLF). Nickel Rock Resources Inc. is a Canadian-based exploration and development project generator. The Company is engaged in brine-based Lithium exploration targets in the mining-friendly state of Nevada. They focus on finding key metals including precious metals and energy metals specifically Nickel and Lithium; metals that have a near-term and long-term future in the new world economy and electric vehicles boom.

As the auto industry transformation continues to accelerate around the world, Nickel and Lithium could be in increasing demand with companies such as Nickel Rock Resources aiming to deliver it. With several mineral-rich projects in both British Columbia and Nevada, Nickel Rock Resources is a growing company, possibly placed at a great position in the right industry at the perfect time. As EV maker Tesla is now the most valuable automaker in the market, more EV companies are going public while established automakers adopt EV vehicles. Nickel Rock Resources, as a result, has seen strong returns in excess of approximately 114% in the last three months and is trading around its 52-week high. The company also has strong technical indicators and fundamentals.

Secondly, Nickel Rock Resources Inc consists of about five claim blocks in approximately three groups (Nickel West, Nickel Central, Nickel South) with a total area of around 6,125.32 hectares in the area surrounding Mount Sidney Williams. This is also close to the Decar Project and the Baptiste deposit of FPX Nickel Corp. These mineral claims are partially underlain by rocks like those hosting the Decar project of FPX Nickel where mineralization includes Nickel, Cobalt, and Chromium.

Geologist Ursula Mowat completed a preliminary fieldwork program at this location in 2004 and confirmed the presence of elevated Nickel, Cobalt and Chromium values in rocks and stream sediments including the presence of that ever crucial awaruit. At least some of this Nickel mineralization occurs as Awaruite. Why is this important? It is a naturally occurring Nickel-iron alloy which is crucial to the manufacture of environmentally efficient batteries for the global EV market.

The company's claims in Clayton Valley (Nevada, USA) are close to the Silver Peak Lithium Project (Albemarle Corporation). This is home to the only Lithium producing mine in the entire continent of North America. Silver Peak is also one of the oldest mining areas in Nevada. In fact, the United States Geological Survey estimates that over 300 million pounds of Lithium carbonate have been produced at this facility since 1966. Nickel Rock claims to focus on locating commercially important groundwater deposits enriched in dissolved Lithium in this project.

About 77 placer claims in 1 group | ~623 hectares (~1,540 acres) 100% interest | No royalties | Exploration program planning to start Spring 2021.

I consider researching Nickel Rock Resources Inc based on the following:

1. According to Deloitte, total EV sales are expected to grow from approximately 2.5 million in 2020 to around 11.2 million in 2025, then reach about 31.1 million by 2030.

2. Without sufficient supplies of minerals such as these, the potentially $3 trillion EV market could grind to a halt.

3. According to research from BloombergNEF, Lithium demand could increase approximately 9x while Nickel demand may increase by about 14x between now and 2030.

4. Nickel Rock Resources Inc is well-positioned to meet this growing demand with mining facilities in mineral-rich British Columbia (BC) and Nevada. Nevada ranked around 3rd while BC ranked around 5th of approximately 112 global mining jurisdictions. BC also leads Canada in terms of geological attractiveness

5. Nickel Rock Resources has seen strong returns of over approximately 114% in the last three months and is trading around its 52-week high. The company also has strong technical indicators and fundamentals.

I highly suggest having a look at their presentation and fact sheet on their website, really interesting especially with the electronic vehicles demand expected to skyrocket over the next ten years.