Giga Metals Stock Price, News & Analysis

Giga Metals (OTCQB: GIGGF) has announced a proposed debt settlement plan through share issuance. The company intends to settle approximately $63,250 in debt by issuing common shares at a deemed price of $0.10 per share.

Of the total debt, $25,000 is owed to a former officer for management services, while the remaining amount is payable to arm's length parties. The completion of this debt settlement is pending both the finalization of definitive documentation and TSX Venture Exchange approval.

Giga Metals (OTCQB: GIGGF) has announced significant leadership changes with the appointment of Scott Lendrum as Chief Executive Officer, effective July 2, 2025. Lendrum, who brings extensive experience in mining sector investment banking, will also join the company's board of directors. The restructuring includes Martin Vydra stepping down from his roles as President and Director but continuing as Strategic Advisor, while former CEO Mark Jarvis transitions to President.

As part of his appointment, Lendrum has been granted 2,000,000 stock options at an exercise price of $0.10 per share, while Jarvis agreed to cancel 1,900,000 options priced at $0.52. The company's leadership changes aim to strengthen its position in developing the Turnagain nickel and cobalt project.

Giga Metals (TSX.V: GIGA) has announced plans for a non-brokered private placement to raise up to $500,000 through the issuance of 5,000,000 units at $0.10 per unit. Each unit includes one common share and one purchase warrant.

The warrants will allow holders to purchase additional common shares at $0.15 per share for a three-year period following the placement's closing. The company intends to use the proceeds for general corporate purposes and working capital. The private placement is subject to TSX Venture Exchange approval, and finder's fees may apply.

Giga Metals Corp (OTCQX: GIGGF) has announced its participation in the upcoming Prospectors & Developers Association of Canada's (PDAC) Convention at the Metro Toronto Convention Centre from March 2-5, 2025. The company will be exhibiting at booth #2824, where management will be available to discuss the Turnagain nickel/cobalt project.

CEO Mark Jarvis is scheduled to present at two events during the convention: the Canada Investment Forum on March 3, 2025 (12:00 pm to 4:30 pm EST), and the Corporate Presentation Forum for Investors on March 5th at 10:44 am EST.

Giga Metals Corp. has received a report from Dr. Stephen Beresford regarding potential high-grade mineral targets within the Turnagain ultramafic complex. The company has extensive data from 383 drill holes totaling 97,361 meters, along with geochem and geophysical surveys, yet over 80% of the complex remains unexplored. Dr. Beresford identified several target types, including a potential Volkovsky type massive copper sulfide magnetite deposit in the Attic zone and semi-massive sulfide Brecia pipes within the Attic and Bench zones. The company is currently reprocessing historical magnetic survey data to better define the intrusive geometry and plan a gravity survey.

Giga Metals (TSX.V - GIGA) announced the granting of 1,000,000 stock options to Directors, Employees and Consultants. The options are exercisable at $0.20 per share and will expire on November 14, 2029. The vesting schedule includes 25% immediate vesting, with an additional 25% vesting annually. All options will fully vest in the event of a company change of control.

Giga Metals (TSX.V: GIGA, OTCQX: GIGGF) has signed an agreement with MarketSmart Communications for investor relations services. The initial 6-month contract, starting November 7, 2024, includes a monthly fee of $7,500 plus taxes. MarketSmart will receive stock options for 300,000 common shares at $0.20 per share, valid for 24 months. The options will vest quarterly over 12 months, subject to TSX Venture Exchange approval.

Giga Metals (TSX.V: GIGA, OTCQX: GIGGF), a junior mining company specializing in nickel and cobalt, has announced that its CEO and Director, Mark Jarvis, will be presenting at the Noble Capital Markets' Basic Industries Emerging Growth Virtual Equity Conference. The presentation is scheduled for Wednesday, September 25th at 4:30 PM Eastern Standard Time.

The event will feature a fireside style Q&A session with audience participation welcome. Registered, qualified investor attendees will have the opportunity for scheduled one-on-one meetings with Mark Jarvis. The presentation will be available as a video webcast on the company's website and on Channelchek, Noble's investor portal, for 90 days following the event. Interested parties can register for the event at no cost through the provided Virtual Equity Conference Registration link.

Giga Metals Corp. (TSX.V: GIGA, OTCQX: GIGGF) announced that Board member Lyle Davis has agreed to become the non-executive Chairman of the Board, effective immediately. Current Chairman and CEO Mark Jarvis will continue as CEO and director of the company. Jarvis emphasized that separating the roles of Chair and CEO aligns with good governance practices. Davis, a long-standing director, also chairs the Audit and Compensation Committees and has previously served as Giga Chairman.