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The latest announcement is out from EV Nickel, Inc. ( (TSE:EVNI) ).
EV Nickel reported assay results from 15 diamond drill holes completed in its 2025 program at the Shaw Dome Project, confirming nickel mineralization in 14 holes across the Gemini North and CarLang C areas, with notable intercepts such as 0.36% nickel over 12 metres and 114 metres grading 0.27% nickel. The drilling extended the Gemini North Zone’s mineralized strike length by roughly 300–350 metres to the west, to about 750 metres, and elevated sulphur content and favourable preliminary metallurgical test work suggest improved recovery and simpler processing, supporting the company’s plan to publish a preliminary mineral resource estimate for Gemini North in the first quarter of 2026, which could strengthen its position as a prospective supplier of nickel to a tightening market.
The most recent analyst rating on (TSE:EVNI) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on EV Nickel, Inc. stock, see the TSE:EVNI Stock Forecast page.
Spark’s Take on TSE:EVNI Stock
According to Spark, TipRanks’ AI Analyst, TSE:EVNI is a Neutral.
The score is held down primarily by the company’s pre-revenue profile, recurring losses, and ongoing cash burn, which increase reliance on external funding. A debt-free balance sheet and improved equity provide some financial resilience, while technical signals are mixed-to-neutral and valuation is constrained by negative earnings and no indicated dividend yield.
To see Spark’s full report on TSE:EVNI stock, click here.
More about EV Nickel, Inc.
EV Nickel Inc. is a Canadian mineral exploration company focused on nickel projects within the Shaw Dome Project in Ontario, targeting large-scale and higher-grade nickel sulphide mineralization along the CarLang Trend, including the Gemini North and CarLang C zones, to supply the growing demand for battery and electric vehicle metals.
Average Trading Volume: 109,946
Technical Sentiment Signal: Buy
Current Market Cap: C$26.69M
See more insights into EVNI stock on TipRanks’ Stock Analysis page.