EV Nickel’s Pilot Bioleach Plant Hits Over 90% Nickel Recovery at W4 Project

The latest announcement is out from EV Nickel, Inc. ( (TSE:EVNI) ).

EV Nickel has reported strong results from a continuous pilot-scale bioleaching and metals recovery program on flotation concentrates from its W4 Nickel Project, achieving over 90% nickel and nearly 90% cobalt extraction within six days, more than 99% recovery of nickel and cobalt as a mixed hydroxide precipitate, and production of nickel sulphate with purity of up to 98.2%, while also successfully removing iron and recovering magnesium as a saleable by-product. The company says the program validates its flotation–bioleach processing flowsheet, demonstrates scalability through continuous pilot operation and successful bacterial culture scale-up, and supports the move toward a full-scale bioleaching facility at W4, positioning EV Nickel to offer on-site, lower-emission, potentially lower-cost processing solutions both for its own project and for other nickel producers targeting battery-grade materials.

The most recent analyst rating on (TSE:EVNI) stock is a Hold with a C$0.22 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 nickel exploration and development company focused on its W4 Nickel Project near Timmins, Ontario. The company is advancing processing technologies to produce intermediate nickel products such as nickel sulphate and mixed hydroxide precipitate for the electric vehicle battery supply chain, with an emphasis on lower-cost, lower-emission alternatives to traditional smelting and hydrometallurgical routes.

Average Trading Volume: 101,630

Technical Sentiment Signal: Buy

Current Market Cap: C$24.47M

Find detailed analytics on EVNI stock on TipRanks’ Stock Analysis page.