The increasing importance of Western production of vanadium is evident as the world relies heavily on China and Russia for its supply, which is now threatened by geopolitics. Vancouver-based Flying Nickel Mining Corporation (TSX-V: FLYN / OTCQB: FLYNF) has taken a significant step by entering a non-binding agreement to acquire the Gibellini vanadium project in Eureka, Nevada. This acquisition will provide the company with a second pillar in battery metals, complementing its Minago nickel project in Thompson, Manitoba. The Gibellini project is projected to produce 10.2 million pounds per annum of vanadium pentoxide once developed.
Upon confirmation, Flying Nickel will acquire all outstanding shares of Nevada Vanadium Mining Corporation on a one-for-one basis, with Nevada Vanadium shareholders owning 46% of the combined entity. Flying Nickel’s CEO, John Lee, stated that the vanadium project will be an excellent addition to the company’s portfolio, aligning with Minago as critical metals used in batteries. The company anticipates being a dominant player in the battery metals mining sector with a unique mineral resource base.
The Gibellini project will be the first primary vanadium mine in the US, providing an alternative to the current production dominance of China and Russia. Positioned in Nevada’s Battle Mountain region, the project benefits from being in a top-ranked mining jurisdiction. The company plans to develop Gibellini as an open pit operation using heap leach processing, with the first shipment scheduled for 2026.
Flying Nickel’s Minago project in Manitoba is located in Canada’s second-largest nickel mining camp, boasting high-grade nickel sulphide deposits compared to other Canadian projects. The company aims to commence mine construction and production between 2024 and 2026. The project has demonstrated significant potential for further nickel mineralization.
With a solid foundation in both vanadium and nickel mining projects, Flying Nickel is strategically positioned to meet the increasing demand for battery metals in North America and reduce reliance on foreign suppliers.
