EV Nickel Announces Formation of Wholly Owned Subsidiary to Advance Nickel Bioleaching Technology and Canadian Nickel Supply Chain
EV and Weber Mfg signed an MOU to advance its Canadian nickel supply chain strategy through a bioleaching subsidiary.
EV Nickel Inc. (EVNI) announced the formation of a wholly owned subsidiary dedicated to advancing and commercializing bioleaching technology for nickel processing. The company entered into a non-exclusive Memorandum of Understanding (MOU) with Weber Manufacturing Technologies Inc. to explore an integrated Canadian mine-to-nickel-product supply chain.
The collaboration aims to process mixed hydroxide precipitates (MHP) from EV Nickel’s Timmins projects into pure nickel powders and related products domestically. Initial steps involve EV Nickel providing Weber with MHP samples from ongoing bioleaching tests, which Weber will process using its existing nickel vapor deposition platform. The MOU is non-exclusive, non-binding, and does not constitute a partnership or joint venture. The strategic rationale focuses on advancing bioleaching from technology development toward commercial application, increasing domestic value capture, and supporting Canadian critical-mineral supply-chain security.
EV Nickel Inc. (EVNI) announced a strategic progression following the successful continuous pilot-scale bioleaching results reported in February 2026, which demonstrated greater than 90% nickel extraction and 98.2% purity nickel sulphate production. The company is moving from bench and pilot testing to establish a dedicated commercialization subsidiary and has entered into a downstream processing memorandum of understanding (MOU). This development aligns with management's stated roadmap to transition from the exploration stage to early development and commercialization.
The MOU is non-binding and non-exclusive, limiting its immediate financial or operational impact. It serves as a strategic positioning move rather than a contracted revenue stream. The release indicates no material change to the company's financial position, capital requirements, or near-term cash burn, representing an incremental step in the technology commercialization pipeline.
EV Nickel Inc. (EVNI) is a pre-revenue, exploration-stage company focused on developing the Shaw Dome Project near Timmins, Ontario. The company’s flagship asset is the CarLang Trend, which includes the CarLang A deposit, featuring a maiden MRE of 510 Mt @ 0.25% Ni, and the Gemini North zone, with a maiden MRE of 93.5 Mt @ 0.23% Ni.
EV Nickel is pioneering a low-carbon bioleaching processing technology designed to convert nickel sulphide concentrates into battery-grade nickel sulphate and mixed hydroxide precipitates (MHP) domestically. The company also holds a 40% equity stake in a high-grade nickel Joint Venture with Pure North Resources Inc., targeting 6-10 million tonnes of >1.0% Ni mineralization.
The project benefits from existing historical infrastructure, clean hydroelectric power in the Timmins camp, and strong provincial and federal support for critical mineral supply chains.