 Want to learn about stocks, cryptocurrencies, NFTs, and the metaverse? Join RichTV.io. Hi, how are you doing today? I'm your host, Rich. Here on behalf of RichTV Live with our very special guest, the CEO of Quebec Nickel Corp, David Patterson. How are you doing today, David? Rich, I'm doing great. And I really appreciate you having me on today. My pleasure. Really excited to have you back on the show. And you guys have outperformed your peers in the sector. Why don't you tell me a little bit about what's new with Quebec Nickel? Okay, that's great. Great observation too, Rich. When you look at Nickel Explorers in Canada, and especially in the Abitibi, you're looking at companies that have been from a high to a low, somewhere around 80% drop. And I look at ours, and yeah, we've dropped, and we've dropped in light of the whole market dropping. But we're down about, oh, I'd say 50%, 40% to 50%. One of the reasons why I believe that our drop hasn't been as drastic. So we've been trying to do a lot of education and explain to people what we have in the Abitibi in Nickel is not what everyone else has in Nickel. And this is important. And I'll stress this over and over about Nickel and Sulphides and how important class one Nickel is compared to Nickel and Silicates, which is what roughly 40 to 60% of the Nickel content in the Abitibi is in Silicates. Now, I see you started Q1 with a single drill and then added a second and third drill. Can you comment on the drilling success at Fortin and the Duke Rose Ultra Mavic Complex? Well, that is one of the things that I just am amazed at the speed that we are accelerating from one drill to drills to three. So our drilling started about 10 months ago right now. We announced the first discovery, which was holes nine, 10 and 11. And we did that in May. So one drill made that discovery. We drilled through the summer. We decided we needed to bring on a second drill. We announced that we're doing continuity drilling. That means the Fortin, where we made the discovery, we're moving a drill to the south of Fortin and another one to the north. And all they're doing is trying to outline the size of the Fortin deposit. And I'll use the word deposit right now. On the west side of the property where we have these Ultra Mavic and Mavic rocks, these are important rocks because they make up the rock assemblage that you would wanna see if you're gonna bake a nickel cake. And that you need a number of elements. I'm gonna say sulfur bearing rock, which you would have in the in the volcanics or the sediments. You have nickel bearing rock and that would be the Ultra Mavic and the Mavic rocks. You have to cook it at the right temperature and pressure. And that what we think is this magma being injected into this country rock allows it to digest this rock that has the sulfur. It breaks the bond that we have between the sulfur I'm sorry, between the nickel and the silicate and recombines it with an atom of iron and atom of sulfur and the atom of nickel. And what drops out and precipitates out is the nickel sulfide. And that's sulfides, the nickel sulfide is called pentadec. A lot of the work we've done this year on the science side is to prove to ourselves and others that the nickel that we have is different from everyone else in the Abitibi that our nickel is not predominantly but 100% nickel in sulfides. And this is important because nickel in sulfides becomes a class one nickel. Class one nickels become a through the refinery process become a nickel cathode and nickel cathodes are what are desperately needed for the electric vehicle for its battery. So when a battery you hear it's a lithium battery it is lithium but it has cobalt, copper, platinum, palladium and nickel in it. So we have all of those. Fantastic. Now last month you announced a possible extension of the 410 still zone. Is this part of the continuity drilling mentioned in Q2 press releases? Definitely, this is the continuity drilling. So this was discovered by, you know, again, Gary Deschuter is our VP exploration and has tons of nickel experience with major mining companies, Fulton Bridge, Anglo-American, et cetera. So what he wanted to do is get a characterization of the rock, the country rock in which the 410 is sitting. And he drilled underneath the 410 and 65 meters below the 410 and about 50, 60 meters to the West. He hit another which looks like it could be an extension of the 410 or in fact could be a completely new zone. So the goal here is in Q1 2023 is to focus on this new area that we've just found and see if we can put that, bring that into the same category as we have in continuity drilling in the 410 and also follow up 410 drilling to the South. We see a number of things that are, look like the same geophysical signature as 410 but are slightly buried under overburden. David, what are the benefits exploring and mining in the Abitibi region? I can't say enough good things about Quebec. The people in Quebec are, they're mining friendly in the Abitibi. You have so many different copper, zinc and gold mines in the Abitibi. You have a huge population that you can draw that have the technical expertise, either to be miners or explorers or provide the ancillary services you need in drilling, geophysics, et cetera. That's the first. The second is the infrastructure itself. We're going to be maybe an hour to the north of Veldor. We can drive there, your coffee is still warm when you get out of the truck and you're 200 meters off the road to see the 410. So exploration costs are so much lower in this part of Quebec. The other thing about infrastructure is it really lowers the risk of a discovery being able to get over that hump of being economic. So a lot of deposits say in the far north you need to have 10 million tons of 3% nickel to be able to say, okay, let's go ahead and do a preliminary economic assessment. We think it's so much less when you have rail, power, water, road, all right within our community. To our north is a little town of Kivion, which we're looking to send our operations going forward. They have an airstrip that you can fly from Billy Bishop to that airstrip in about an hour. And we can have people be on the ground, land, be on the ground at our property within 20 minutes of wheels hitting the tarmac. So this is really lowers the cost of exploration and lowers the risk that your deposit would be economic. David, how does the Duke Rose project compare to other projects in the Abitibi? Rich, that is that super question that I know you'll always come up with. It's just zeroes in. So why do I say the Duke Crow is a unicorn? Back in, it was when I first saw the first drill hole on the 410, it was announced by Glenn Mone's company. And it eventually became the Z group of companies. With that announcement, when I looked at that having been raising money for nickel companies and exploration in Quebec and in Labrador, these numbers were significant. And they showed nickel, they showed copper, platinum and platinum. And getting that metal, sweet, I guess, together and being able to look at the rocks and draw an inference from seeing calcopyrite which is a copper sulfide. And then knowing that the nickel was grading 0.38 or 0.4 nickel, the assumption is that the same chemical and physical conditions that create a calcopyrite would have been there to create the nickel sulfide pentlite. And so fast forward 12 years through some pretty troubling times in the mining business, we made a deal with Glenn Mone to acquire his property. We raised $8 million last year. And what did we start focusing on was the 410 and showing that the 410 was completely different than any other deposit that we see in the Abitibi. So we can put our hand on our heart now and say at the 410, 100% that we have seen of the nickel is a nickel in sulfide which means the concentrate would become what we call a class one nickel. And that is important because that class one nickel is the only nickel that trades on the London Metal Exchange. And that's how important that is. So everybody else, I think you've got a problem because you got a lot of nickel in silicates in your nickel. It means that the process that you're gonna use is only gonna recover somewhere between 40 and 60% of the nickel. The tried and true process that they have for nickel sulfides will have somewhere north of 90% of recoveries, we believe. Just because the work that we've done in the science shows that the pentlandite is individual grains, the calcopyrite individual grains. As you grind that up, you'll be able to float. And that's the term that you use at the mill. They'll float the sulfides and they'll scrape off, the nickel and cobalt will go to one con and the copper, platinum, palladium and gold will go to another concentrate. One of those concentrates will go by train to maybe the Sudbury smelter and refinery and the other will go to maybe the horn which is a copper smelter. But you'll be paid for all of those metals you're shipping. Now, Dave, you mentioned two different words here. Can you summarize the key differences between nickel sulfide and nickel silicate? So, and I think that the key here in saying sulfides and silicates, the silicates are things like laterites you know, deposits that you'd have in Indonesia, the Philippines, et cetera, these are big tons where they're moving huge amount of dirt to get a very small amount of nickel and they have to, they use it in a process called nickel pig iron where they melt the whole thing down and they take the nickel and the iron together which is that it doesn't trade on the LME as a lower quality product and has to go through some series to upgrade it to anything close that can be used in batteries. A nickel and sulfide, and then this is what pentlandite is and what we have and we've identified in the science that we've done, this when you grind it and you float it this is a class one nickel. So Sudbury, all of the major smelters that I can think of in Europe or in Canada they're geared to handling nickel sulfides. And so it's a process that's been understood for over 110 years, they can and I'm not saying there's nothing easy in the mining business but it's an easier, cheaper process to take a nickel sulfide concentrate and smelt it and refine it to a product that you can use either stainless steel or nickel cathode. And that is truly the biggest difference is that we can recover so much more of the nickel out of sulfide than we can recover out of a silicon. David, for investors that are hearing about your company for the first time or investors that are long-term investors already in the company, what would be one thing you would want them to know today after hearing this interview? Well, this is, I think we can, if we put it in terms of baseball season that's just ended, we are in the second inning. The last year we raised almost $8 million. We put that into the ground where I believe in excess of 20,000 meters of drilling we have three drills. Our intention is to do another 20,000 meters minimum next year. And if we have three, four, five drills that would be my goal. And that's what I'm looking forward to. Fantastic. And for investors that want to learn more about the company what's the best way for them to get in contact with you? I'd say start with the website, go to QuebecNickel.com. Through that you can see the press releases and follow what's happened since the founding of the company. We also have financial statements there. And also you can see our presentation where I haven't even talked about our Nickel team and the experience that we have on the Nickel team. And that would be a great place to get it. We have two top-notch Nickel explorers on the board of directors, two top-notch Nickel explorers on our technical advisory team and Gary Deschuter who's a top-notch VP exploration and he's worked for Falkenbridge Anglo. He's worked for a big platinum plating company in Ontario and has all this exploration experience. And that's what we're bringing to bear in a company like this where we have Nickel people that are looking for Nickel. We don't have Gold people that have stumbled across Nickel. I love it. Thank you so much for your time. Once again, the CEO of Quebec Nickel Corp, David Patterson. Now I must remind everyone that Rich TV Live strictly for information and education purposes, please do your due diligence, do your research before you invest in anything we talk about or discuss. In saying that, we believe this is a company that is greatly undervalued, underappreciated and under exposed. Bring your attention to the symbols Q&I in Canada, QNICF in America and they're also listed in Frankfurt, Germany. If you're not winning, you're probably not watching. We bring you the winners, we bring you the news, we bring you the analysis, CEO interviews and we'd love to bring them to you first. David, thank you for joining us today and we hope to have you back soon. Rich, I look forward to our next conversation. It should be fun. Always a pleasure, David. Keep all the great work and thank you for watching. You're not winning. You're probably not watching. This is Rich from Rich TV Live with David Patterson saying, have a nice day. We'll see you soon. Thank you.