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Giga Metals acquires 100% of Turnagain Project

PUBLIC · GIGGFSep 28, 2026

Acquiring Company

Giga Metals

Acquired Company

Mitsubishi

VancouverCambridgeOtherMiningPrecious MetalsMineralMining TechnologyBiotechnologyEnergy

Description

Giga Metals Corp. announced the acquisition of Mitsubishi Corporation's 15% interest in the Turnagain Project, effectively giving Giga full ownership. The transaction is part of Mitsubishi's broader portfolio review and is expected to be finalized by October 12, 2026. Giga Metals continues to focus on developments in nickel, cobalt, and copper at the Turnagain site. This acquisition positions Giga Metals to explore significant potential in underdeveloped resources.

Company Information

Company

Giga Metals

Location

Vancouver, British Columbia, Canada

About

Giga Metals aims to be an Ethical Supplier of the battery metals that will be needed as the world progresses to a future powered by clean energy. Our Turnagain Project in Northern British Columbia is among the largest undeveloped nickel-cobalt sulphide deposits in the world in terms of total contained nickel. The NI 43-101 compliant resource contains 5.2 billion pounds of nickel and 312 million pounds of cobalt in the Measured and Indicated categories, plus a further 5.5 billion pounds of nickel and 327 million pounds of cobalt in the Inferred resource category. The current PEA (October 28, 2020) proposes a 37 year mine life.

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Frequently asked

Who acquired Mitsubishi?

Mitsubishi was acquired by Giga Metals, based in Vancouver. The deal was reported on September 28, 2026. Giga Metals aims to be an Ethical Supplier of the battery metals that will be needed as the world progresses to a future powered by clean energy. Giga Metals is publicly traded (GIGGF) and operates in Other.

When did Giga Metals acquire Mitsubishi?

Giga Metals's acquisition of Mitsubishi was reported on September 28, 2026. Giga Metals Corp. announced the acquisition of Mitsubishi Corporation's 15% interest in the Turnagain Project, effectively giving Giga full ownership. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Mitsubishi do?

The biotech startup will use the proceeds from its pre-Series A for oncology and neurology projects. It is privately held, operating in Biotechnology, and is based in Cambridge.

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