Fortune Nickel and Gold Inc. Begins Expedited Mining Process

Rhea-AI Summary

On October 15, 2020, Here To Serve Holding Corp. (OTC:HTSC) announced that its subsidiary, Fortune Nickel and Gold Inc., retained Prairie Fire Enterprises for an environmental investigation in Timmins, Ontario. The investigation aims to assess Fortune's nickel claims, including historical high-grade drill holes with notable nickel and copper percentages. Fortune's CEO emphasized the importance of nickel for electric vehicle batteries, indicating a strong market potential. The company plans to capitalize on the growing demand for nickel in the EV sector, focusing on exploration and production.

Positive

• Retention of Prairie Fire Enterprises for environmental investigation indicates serious exploration efforts.
• Discovery of a historical high-grade RCD drill hole with 3.5% Ni and 1.2% Cu may enhance the project's potential.
• Nickel's significant role in electric vehicle batteries positions Fortune favorably for future market opportunities.

Negative

• None.

RYE BROOK, N.Y., Oct. 15, 2020 /PRNewswire/ -- Here To Serve Holding Corp. (OTC:HTSC) is pleased to announce its wholly owned subsidiary, Fortune Nickel and Gold Inc. ("Fortune") retained Prairie Fire Enterprises to investigate, photograph and plan Fortune's exploration mining in Timmins, Ontario.

Prairie Fire performed an environmental investigation of the Fortune nickel claims by helicopter to map out the area's operating mines, mill plants, access and infrastructures.  The geological team also made quick drops to take GPS readings on outcrops and sampling points, and locate the historical high-grade RCD hole with 3.5% Ni and 1.2% Cu.  This drill hole is unique and one of the highest-grade nickel-bearing holes between Timmins and the Quebec border.

In addition, Prairie Fire has reported to Fortune that the Canada Nickel deposit in Crawford township is similar in geology to Fortune's claims in Gowan, except the geological  unit in Gowan is much larger plus it has several types of intrusive porphyries that also host large copper and gold systems.

Fortune's CEO, Paul Riss, said, "We are very excited about the on-going exploration progress and the attention nickel is receiving in the electric vehicle battery supply chain.  We have read that nickel is arguably the single most important metal component in electric vehicle batteries.  Elon Musk has been quoted as saying that the battery cells should be referred to as nickel-graphite, because the primary constituent in the cell is nickel."

About Here To Serve Holding Corp.

Here to Serve Holding Corp. operates as several entities: Fortune Nickel and Gold Inc., ICF Industries Inc. ("ICF") and Executive Industries, which operates as a division of ICF.

Fortune intends to become a player in the exploration and production of nickel, gold and other precious metals internationally. The company is focused primarily on nickel exploration as the battery metals are projected to explode in the coming years along with the EV market. The company's core mission is to supply the major nickel contracts awarded by the largest EV manufacturer in the world.

ICF is a distribution, consulting and sales corporation designed to supply construction material throughout North America. ICF has contracts to distribute a diverse array of industrial products such as stuccoes, plasters, and insulated concrete forms from strategically designated vendors.

Executive Industries offers corporate advisory, consulting and marketing services to both public and privately-owned companies. Executive Industries helps entities with corporate strategy, negotiation, corporate structure, marketing and executive management decisions.

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.  You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements.  Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity.  We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Media Contact:
Paul Riss
paul@heretoserve.tech  
914-750-9339

 

View original content:http://www.prnewswire.com/news-releases/fortune-nickel-and-gold-inc-begins-expedited-mining-process-301152994.html

SOURCE Here To Serve Holding Corp.

FAQ

What recent announcement did Here To Serve Holding Corp. make regarding its subsidiary Fortune Nickel and Gold?

On October 15, 2020, Here To Serve Holding Corp. announced that Fortune Nickel and Gold retained Prairie Fire Enterprises to conduct an environmental investigation for its nickel claims in Timmins, Ontario.

Why is nickel important for the electric vehicle industry according to Fortune Nickel and Gold?

Fortune Nickel and Gold stated that nickel is crucial for electric vehicle batteries, with CEO Paul Riss highlighting its primary role and market significance.

What did the environmental investigation by Prairie Fire Enterprises uncover?

The investigation mapped operating mines and revealed the location of a high-grade drill hole with 3.5% Ni and 1.2% Cu, indicating the potential for valuable nickel resources.

What is the future focus of Fortune Nickel and Gold in relation to the mining industry?

Fortune Nickel and Gold intends to focus on nickel exploration and production, aiming to meet the growing demand for battery metals as the electric vehicle market expands.