EV Nickel has released a preliminary economic assessment (PEA) for its CarLang A nickel deposit near Timmins, Ontario, estimating 1.6 billion pounds of nickel to be mined over 20 years. With a low-grade deposit of 0.24% nickel near the surface, the project is planned as a large-scale open-pit operation requiring moderate capital investment. The total project cost is $4.6 billion, including $3.1 billion in initial capital expenditures. The mine is designed to process 120,000 tonnes of ore per day, supported by favorable conditions such as shallow overburden and a low strip ratio. The company projects strong financial returns with $681 million in annual EBITDA and $360 million in annual free cash flow, and it has begun environmental studies and permitting.