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The latest update is out from Giga Metals Corporation ( (TSE:GIGA) ).
Arca Climate Technologies and Giga Metals have signed a 10-year exclusive agreement granting Arca access to ultramafic waste rock and mine tailings at Giga’s Turnagain Nickel Project in British Columbia to assess and pilot Industrial Mineralization technologies for permanent carbon dioxide removal. With an estimated 1.3 billion tonnes of ultramafic material expected to be generated over the mine’s life, Arca believes its process could enable the site to remove up to 220 million tonnes of CO2, potentially enhancing the project’s environmental and economic profile while aligning with Canada’s critical minerals strategy and supporting a lower-carbon mining paradigm for stakeholders.
The most recent analyst rating on (TSE:GIGA) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Giga Metals Corporation stock, see the TSE:GIGA Stock Forecast page.
Spark’s Take on TSE:GIGA Stock
According to Spark, TipRanks’ AI Analyst, TSE:GIGA is a Neutral.
The score is primarily constrained by weak financial performance driven by a pre-revenue profile, ongoing losses, and persistent cash burn despite low leverage. Technicals are neutral-to-mixed (range-bound with slightly bearish MACD), while valuation is limited by negative earnings and no dividend support. Recent financings and positive exploration updates provide some offset but are not yet reflected in revenue or cash generation.
To see Spark’s full report on TSE:GIGA stock, click here.
More about Giga Metals Corporation
Giga Metals Corporation is a Canadian mining company focused on developing the large, undeveloped Turnagain sulphide nickel and cobalt project in northern British Columbia, held through its jointly owned subsidiary Hard Creek Nickel with Mitsubishi Corporation. The Turnagain ultramafic complex is also prospective for copper, platinum and palladium, positioning Giga Metals within the critical minerals supply chain targeted to support the global energy transition.
Average Trading Volume: 172,604
Technical Sentiment Signal: Hold
Current Market Cap: C$17.08M
For detailed information about GIGA stock, go to TipRanks’ Stock Analysis page.