Top 5 Nickel Stocks from Canada in the Year 2025
Canadian Nickel Stocks Soar High in Early 2025
The Canadian nickel market has been on a rollercoaster ride in the first half of 2025, with several stocks reaching new highs and showing strong year-to-date gains. Here's a snapshot of some of the top performers and their recent developments.
Talon Metals (TSX:TLO) takes the crown as the top-performing Canadian nickel stock so far this year, boasting a year-to-date gain of approximately 206%. The company, focused on developing high-grade nickel resources for the US domestic battery supply chain, has partnered with mining giant Rio Tinto on the Tamarack nickel-copper project located in Minnesota, US. Talon has an earn-in right to acquire up to 60% of Tamarack and currently owns 51%. The company also has a six-year offtake deal with Tesla set to commence once Tamarack enters commercial production, for a total of 75,000 metric tons of nickel concentrate.
Homeland Nickel (TSXV:SHL) follows closely behind, with a year-to-date gain of around 140%. The company, with a portfolio of nickel projects in Oregon, US, has been busy with exploration plans. In early April, an exploration update for its properties was released, with a bulk sample program being planned at Red Flats, an exploration program for this year at Shamrock, and a sampling program upcoming at Eight Dollar Mountain.
Power Metallic Mines (formerly Power Nickel) has shown notable performance, with a 365% share price appreciation in 2024. The company, developing its 80% owned Nisk polymetallic property near Nemaska in Québec, Canada, announced its summer to fall drilling program is well underway. Its share price currently stands at C$1.35.
Magna Mining (TSXV:NICU) has also made significant strides, with a year-to-date gain of 32.96%. The company's key assets include the Crean Hill project and the formerly producing Levack and Shakespeare mines. Magna recently acquired a portfolio of projects, including past-producing assets from NorthX Nickel, and the Ontario government awarded Magna C$500,000 in funding for the Crean Hill project. Its share price is currently C$1.80.
While nickel prices have been volatile, influenced by factors such as increased global supply and economic demand shifts, the supply surplus and geopolitical factors have moderated nickel price gains. However, many Canadian nickel juniors remain buoyed by ongoing exploration success and strong investor interest in battery metals for EVs.
It's an exciting time for the Canadian nickel market, with these companies leading the charge in the search for high-grade nickel resources and the development of battery mineral processing facilities. As the demand for battery metals continues to grow, these stocks are likely to remain a hot topic for investors.
[1] Source: S&P Capital IQ as of mid-2025 [2] Source: Company reports and filings [3] Source: TMX Money as of early August 2025 [4] Source: GlobeNewswire as of July 10, 2025 [5] Source: Nickel Institute as of mid-2025
Investors looking for opportunities in the battery metals sector might consider gold investing in the nickel industry, given the strong performances of Canadian nickel stocks like Talon Metals, Homeland Nickel, Power Metallic Mines, and Magna Mining, which have shown significant gains in early 2025. Financing these companies' development projects, such as Talon's partnership with Rio Tinto on the Tamarack nickel-copper project, could potentially yield substantial returns.
