Corporate Vision

Pancon's purpose is generating value through responsible exploration.

Pancon aims to be a leading battery metals explorer and developer, focusing on commodity, geology, location, timing and people:

  • Developing Ni-Co-Cu projects with established resources or near producing/former mines in proven mining districts
  • Projects in low-risk regions with pro-mining local government, communities and excellent infrastructure
  • Nickel, cobalt and copper are all in strong demand due to electric vehicle and battery demand growth
  • Technical and management teams with demonstrated record of discoveries in the mining industry

Canada & The Green Economy Revolution

  • Canada is primed to respond to growing global demand for commodities required in clean energy technologies.
  • Canada is a key global producer of copper, nickel and cobalt, and hosts advanced mineral projects for rare earth elements, lithium and graphite. These commodities are crucial in the production of solar cells, high-density batteries and wind turbines. 
  • In 2017, the minerals sector directly and indirectly contributed $97 billion or 5% to Canada's total nominal GDP. 
  • The minerals sector directly and indirectly accounted for 634,000 jobs throughout the country in urban rural and remote regions in 2017. 
  • The minerals industry is an important employer of Indigenous peoples, providing jobs to over 16,500 individuals in 2017. 

 Source: Natural Resources Canada

Why Battery Metals in Ontario?

  • Nickel, cobalt and copper are all in strong demand due to electric vehicle and battery demand growth.
  • Cobalt prices increased 120% in 2017, and cobalt is forecast to experience up to a 4,500% surge in global demand from now to 2030.*
  • Cobalt, primarily mined as a by-product of nickel and copper, is important as a key input for rechargeable batteries, and thus electric vehicles.
  • A laptop computer contains approximately one ounce of cobalt, while an average electric car battery typically contains more than 30 pounds of cobalt.*
  • Nickel and copper are also essential to battery and electric vehicle production.
  • Global electric vehicle sales were about 2 million units in 2016, and annual sales are expected to grow to 20 million by 2020, and to 70 million per year by 2025.**
  • Ni-Cu mines produce Co as by-product. Canada hosts major Ni-Cu mining camps, i.e. Sudbury, Ontario.
  • Ontario’s Montcalm Gabbro Complex is highly prospective and underexplored.

 Source: * Bloomberg    ** International Energy Agency