Canada Nickel Secures $3.4 Million Federal Contribution to Advance Groundbreaking Carbon Storage Technology
Canada Nickel Secures $3.4 Million Federal Contribution to Advance
Groundbreaking Carbon Storage Technology
Highlights:
• Canada Nickel’s IPT Carbonation process transforms nickel mining tailings into a
permanent carbon storage solution.
• The Crawford Nickel Sulphide Project is designed to be one of Canada’s largest carbon
storage facilities.
TORONTO, February 12, 2025 - Canada Nickel Company Inc. (“Canada Nickel ” or the
“Company”) (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce th at it has been selected for
funding of $3.4 million from the Government of Canada to support the development of Canada
Nickel’s proprietary In-Process Tailings (IPT) Carbonation process at the pilot plant level.
The IPT Carbonation process transforms nickel mining tailings into a permanent carbon storage
solution and Canada Nickel has filed a patent application for this process. The Company’s flagship
Crawford Nickel Sulphide Project has been designed to be one of Canada’s largest carbon storage
facilities and an industry leader in sustainable mining and carbon management.
Canada Nickel’s IPT carbonation technology ultramafic tailings as a geologically stable permanent
CO2 storage solution. Once operational, the Crawford Nickel Sulphide Project has the potential to
sequester up to 1.5 million tonnes of CO 2 annually during its peak production period and is
expected to store 54 million tonnes over the 41-year life of the Project, positioning it as one of
Canada’s largest, and Ontario’s largest, carbon storage facilities.
Mark Selby, CEO of Canada Nickel Company, expressed his gratitude for the Government of
Canada’s funding, stating, “This contribution is a testament to the power of innovation and
collaboration. With the Government of Canada's support, we are turning mining tailings into a
solution for climate change, creating a legacy of environmental stewardship and sustainable
resource development. The IPT Carbonation combined with the potential for multiple Crawford-
type deposits in the Timmins Nickel District , provides the foundation for a globally unique zero
carbon industrial cluster in Northeast Ontario.”
The funding will be provided through Natural Resources Canada’s Energy Innovation Program –
Carbon Capture, Utilization, and Storage (CCUS) Research, Development, and Demonstration
(RD&D) call for proposal . The project aligns closely to the objectives of the call, which is to
characterize and develop safe, permanent CO2 storage, as well as supports Government of
Canada’s broader goals of reducing greenhouse gas emissions and fostering innovati ve clean
energy technologies.
“The Government’s contribution to Canada Nickel will help to advance carbon management
technologies in Canada, in line with our Carbon Management Strategy which envisions a
multibillion-dollar carbon management industry to help realize the country’s economic and
environmental goal, ” said Marc G. Serre, MP Nickel Belt and Parliamentary Secretary to the
Minister of Energy and Natural Resources.
Canada Nickel looks forward to continuing its work with Indigenous Nations, governments, and
stakeholders to advance sustainable critical mineral resource development while addressing the
pressing challenge of climate change.
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 trademar k the terms NetZero
NickelTM, NetZero CobaltTM, 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 Sulphide Project in the heart of the prolific
Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com
For further information, please contact:
Mark Selby, CEO
Phone: 647-256-1954
Email: [email protected]
Sydney Oakes, Director of Indigenous Relations and Public Affairs
Phone: 905-929-7151
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 patent application for the Company's IPT Carbonation process, the construction of
processing facilities, the potential of the Crawford Nickel Sulphide Project ("Crawford"), the ability
of the Company to deliver nickel required to feed the high growth electric vehicle and stainless -
steel markets, the potential for multiple Crawford -type deposits in the Timmins Nickel District,
the Company's continued work with Indigenous Nations, governments, and stakeholders to
advance sustainable critical mineral resource development, and the development of processes to
allow the production of net zero carbon nickel, cobalt, and iron products. Readers should not
place undue reliance on forward looking statements. Forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of Canada Nickel to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking statements. There are
no assurances that Crawford will be placed into production. Factors that could affect the outcome
include, among others: inability to repay the loan or comply with the covenants set out in the
loan agreement; the actual results of development activities; project delays; inability to raise the
funds necessary to complete development; general business, economic, competitive, political
and social uncertainties; future prices of metals or project costs could differ substantially and
make any commercialization uneconomic; availability of alternative nickel sources or substitutes;
actual nickel recovery; conclusions of economic evaluations; changes in applicable laws; changes
in project parameters as plans continue to be refined; accidents, labour disputes, the availability
and productivity of skilled labour and other risks of the mining industry; political instability,
terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting
or in the completion of deve lopment or construction activities; mineral resource estimates and
economic studies relating to Crawford could prove to be inaccurate for any reason whatsoever;
and even if Crawford goes into production, there is no assurance that operations will be
profitable. Although Canada Nickel has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in forward -looking
statements, there may be other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements contained herein are made as of
the date of this news release and Canada Nickel disclaims any obligation to update any forward
looking forward-looking statements, whe ther as a result of new information, future events or
results or otherwise, except as required by applicable securities laws. Neither the 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