Canada Nickel Partners with NetCarb to Advance Next-Generation Carbon Sequestration Technology
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Canada Nickel Partners with NetCarb
to Advance Next-Generation Carbon Sequestration Technology
Highlights
• New technology has potential to increase CO2 sequestration capacity of Crawford nickel
mineralization by up to approximately 10 times compared to Canada Nickel’s proprietary IPT
Carbonation.
• Potential to reach more than 500 million tonnes of lifetime CO2 sequestration capacity at
Crawford alone (10-15 million tonnes of CO2 annually)
• Supports the development of a Zero Carbon Industrial Cluster in Timmins
TORONTO, June 9, 2025 – Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV:CNC)
(OTCQX:CNIKF) is pleased to announce a strategic partnership with Australia-based NetCarb to collaborate
on the commercialization of NetCarb’s innovative carbon sequestration technology.
Mark Selby, CEO of Canada Nickel, said, “We are excited by NetCarb’s novel technology, which represents
the next generation of mineral -based carbon sequestration. While Canada Nickel’s proprietary IPT
Carbonation process provides a carbon storage capacity facilitating as much as 1.5 million tonnes of
annual CO2 storage capacity, the NetCarb process has the potential to increase the CO2 storage capacity
of Crawfords tailings by a further magnitude to 10 -15 million tonnes of annual carbon storage capacity ,
representing a magnitude scale leap forward and the third generation of mineral -based carbon
sequestration.”
NetCarb Technology
Unlike Canada Nickel's IPT Carbonation process, which focuses solely on brucite, the NetCarb technology
targets a more complete carbonation of serpentine minerals. This cutting -edge process involves
serpentinite activation followed by hydrometallurgical processing of ore through a CO 2 activity swing
reactor that effectively dissolves and re -precipitates magnesium as solid carbonate minerals for
permanent carbon dioxide sequestration.
This technological advance could enhance the carbon sequestration potential of ultramafic mineralization
by more than tenfold. At the Crawford site, this advancement translates to a capacity for sequestering of
over 500 million tonnes of carbon dioxide throughout the mine's 40+-year lifespan. Furthermore, with
over 20 regional ultramafic exploration properties which host rocks with similar carbon sequestration
potential, Timmins could become a multi-gigatonne hub for mineral carbon sequestration.
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Dr. Luke Keeney, NetCarb Managing Director and CEO said “We are excited to partner with Canada Nickel
on advancing large -scale carbon mineralisation solutions. This collaboration brings together NetCarb’s
breakthrough technology with Canada Nickel’s world -class resources to unlock the full potential of
permanent carbon storage. Together, we are accelerating progress toward net zero by combining
innovation, natural geology, and scalable infrastructure. This partnership marks a significant step in our
mission to deliver impactful, economically viable climate solutions on a global scale.”
Canada Nickel and NetCarb are committed to working together to secure government funding to upscale
this technology using material from Canada Nickel’s project portfolio . They aim to attract industrial
partners across various sectors to continue to develop the NetZero Industrial Cluster in Timmins beyond
the current Canada Nickel – NetZero Metals projects. Other potential collaborators may include natural
gas power companies, hydrogen producers, biomass industries, and others. Through these cross-industry
collaborations, there is significant potential to create a Zero-Carbon Industrial Cluster in NorthEast Ontario
where various products and waste streams are converted into valuable by -product streams for use in a
wide range of industries.
Service Agreement
The Company has entered into a service agreement with Native Ads, Inc. (“Native Ads”) dated June 6,
2025 pursuant to which Native Ads will provide a marketing campaign for a total fees of up to US$175,000,
with a term of up to twelve months. Under the agreement, Native Ads will execute a comprehensive
digital media advertising campaign for the Company, where approximately 75% of the campaign budget
will be allocated to cost per click co sts, media buying and content distribution, and search engine
marketing. The remaining budget will be allocated for content creation, web development, advertising
creative dev elopment, search engine optimization, campaign optimization, and reporting and data
insights services.
Native Ads is a full-service advertising agency based out of New York and Vancouver, BC. Native Ads and
its principals are arms length to the Company and hold no interest, directly or indirectly, in the securities
of the Company or any right to acquire su ch an interest. The engagement of Native Ads is subject to the
approval of the TSX Venture Exchange.
About NetCarb
NetCarb Pty Ltd is accelerating the global shift to a low-carbon economy with advanced technologies that
help businesses reduce emissions and meet their net zero commitments. Through cross -industry
collaboration, NetCarb supports the scale -up of sustainable solut ions, improves operational efficiency,
and brings innovative, eco-friendly products to market—aligning environmental responsibility with long-
term economic value. At the core of NetCarb’s innovation is its breakthrough in carbon mineralisation, a
natural process where atmospheric CO₂ reacts with rock to form stable carbonates. While this process
typically occurs over geological timescales and removes around 0.3 billion tonnes of CO₂ annually,
NetCarb’s technology accelerates it by approximately 100 million times. This advancement enables
scalable, permanent carbon storage at economically viable rates, positioning NetCarb as a key player in
the multi-gigaton carbon capture market. To learn more, visit https://netcarb.com.au.
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About IPT Carbonation
IPT (In -Process Tailings) Carbonation is Canada Nickel’s patent -pending technology designed to
permanently store carbon dioxide by mineralizing it within mine tailings as part of normal processing
operations. This innovative approach enables large -scale ca rbon sequestration without the need for
external carbon capture infrastructure. By integrating carbon storage directly into the mining process, IPT
Carbonation offers a scalable, low -cost solution to decarbonize nickel and steel production while
supporting global climate targets. Once operational, Canada Nickel’s Crawford Project is expected to
become one of Canada’s largest carbon storage sites.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel
required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has
applied in multiple jurisdictions to trademark the terms NetZero Nickel TM, NetZero Cobalt TM, NetZero
IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel,
cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low politi cal risk
jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel -Cobalt
Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please
visit www.canadanickel.com.
Qualified Person
Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a “qualified person” as such term is
defined by National Instrument 43 -101, has verified the data disclosed in this news release, and has
otherwise reviewed and approved the technical inform ation in this news release on behalf of Canada
Nickel.
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: [email protected]
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information"
under applicable Canadian securities legislation. Forward looking information includes, but is not
limited to, the potential of CO 2 sequestration technology, drill and exploration results , the
significance of drill results, the ability to continue drilling, the impact of drilling on the definition of
any resource, the potential of the Crawford Nickel Sulphide Project and the Properties, timing and
completion (if at all) of mineral resource estimates, the ability to sell marketable materials, strategic
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plans, including future exploration and development plans and results, corporate and technical
objectives, and the completion of assays, follow-up geophysics and further drilling. Forward-looking
information is necessarily based upon several assumptions th at, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other factors which may cause the actual
results and future events to differ materially from those expressed or implied by such forward -
looking information. Factors that could affect the outcome include, among others: future prices and
the supply of metals, the future demand for metals, the results of drilling, inability to raise the money
necessary to incur the expenditures required to retain and advance the propert y, environmental
liabilities (known and unknown), general business, economic, competitive, political and social
uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining
governmental approvals, failure to obtain regu latory or shareholder approvals. There can be no
assurance that such information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information. Accordingly, readers should not place
undue reliance on forward -looking information. All forward -looking information contained in this
press release is given as of the date hereof and is based upon the opinions and estimates of
management and information available to management as at the date hereof . Canada Nickel
disclaims any intention or obligation to update or revise any forward -looking information, whether
because of new information, future events or otherwise, except as required by law. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.