Giga jumps after report that Tesla is in talks to buy low-carbon nickel

Giga Metals

11/09/2020 21:20

** Canadian miner's shares  GIGA.V  closed up 150% at C$1.45
    ** Reuters reports Tesla  TSLA.O  is in discussions with co
about helping develop a large mine that would give TSLA access
to low-carbon nickel for its batteries
    ** TSLA could provide financing, possibly in exchange for
equity, nickel and cobalt, report says  urn:newsml:reuters.com:*:nL8N2FF6ZP
    ** TSLA reversed course to trade higher when CEO Elon Musk
tweeted about the "Battery day" event, which is slated for Sept.
22
    ** GIGA has more than quadrupled in value so far this year

 (Reporting by Neha Malara in Bengaluru)
 ((Neha.Malara@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3443;))