EVNi Clean Nickel(TM) R&D - Preliminary Results Confirm Carbon Capture and Storage (“CCS”) Potential of the CarLang Area
EVNi Clean Nickel(TM) R&D - Preliminary Results
Confirm Carbon Capture and Storage (“CCS”) Potential of
the CarLang Area
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE
SERVICES
• CO2 reactive minerals were observed throughout the CarLang Area's A Zone
• 46 of 50 samples indicated presence of brucite and hydrotalcite group minerals that are
highly reactive to CO2
• Indicates potential for direct capture of CO2 from air, advancing now to quantifying
the total potential
• EVNi will engage an independent quality and assurance group, to certify the potential
carbon credits
• Clean Nickel ™ R&D kickoff event to occur April 26th with Hon. George Pirie,
Ontario's Minister of Mines
TORONTO, ON / ACCESSWIRE / April 20, 2023 / EV NICKEL INC. (TSX-V:EVNI)
("EVNi" or the "Company") is pleased to announce the preliminary Carbon Capture and Storage
test results by Arca Climate Technologies ("Arca") under the supervision of EPCM Engineering
of Oakville, Ontario ("EPCM"). The first stage of work focussed on samples from the Company's
Large-Scale CarLang Area, specifically the CarLang A Zone, located in the northeast of EVNi's
Shaw Dome Project, just outside Timmins, Ontario (see Figure 1). Arca has identified that the
CarLang rock is highly reactive, containing magnesium-rich minerals including brucite and
hydrotalcite indicating the potential of the host ultramafic units to capture significant amounts of
CO2. Testing is now focused on quantifying the total amount of CO2 that can be captured and
stored from the CarLang A Zone.
The CarLang Area includes more than 10km of potential mineralization, hosted in nearly
continuous units of dunite and peridotite and the first 20% contains the A Zone, with a Resource
which defined 1.25M Indicated and 1.16M Inferred tonnes of Contained Nickel- making it one of
the largest undeveloped nickel deposits in the world. For context, the Contained Nickel defined
in the CarLang A Zone is roughly equivalent to the nickel in ~37M Electric Vehicles (for further
detail, please see news releases dated February 28 and April 12, 2023).
EVNi provided Arca with 50 samples for analysis. Two techniques were employed to investigate
mineral content and carbon mineralization potential. All 50 samples were tested by
thermogravimetric analysis ("TGA") to provide an accurate estimate of brucite content from
which a suite of 11 samples were chosen for further analysis using qualitative and quantitative x-
ray diffraction ("XRD"). Quantitative XRD provides a useful bulk analysis of each sample's
entire mineralogy by measuring bond distances within the crystal structure.
From the TGA and XRD analysis Arca was able to assess the mineralogy of the samples from
the CarLang A Zone and consider their potential for CCS. Serpentinized ultramafic rocks are
reactive at earth surface conditions due to their high mineral surface area and the presence of
gangue phases like brucite. The presence of detectable brucite and hydrotalcites in 46 of the 50
analyzed samples indicate that there is great potential for direct capture of CO2 from air. Brucite
contents ranged from 0 to 8.8% in the samples analyzed.
Based upon these results, the Company has commissioned Arca to further test the material to
determine the full potential of how much CO2 that can be captured from the host ultramafics of
the A Zone and more broadly, across the full 10km potential of the CarLang Area. In addition,
EVNi intends to work with a third-party certifier to validate the integrity of the CCS
methodology and certify that it meets the standards of potential customers and of the developing
carbon credit market. EVNi will continue to integrate any Clean Nickel™ production plans for
the CarLang Area with the potential for CCS.
"These initial results were quite promising and we are excited to move into the next phase and
start getting numbers to see what's possible for us with Carbon Capture and Storage," said Sean
Samson, President & CEO. "Our Clean Nickel R&D is integral to our Company and specifically
the potential of this workstream- not just capturing the equivalent CO2 generated by our own
production activity to achieve carbon neutrality, but also going beyond to capture even more
carbon, leading to another potential business related to carbon credits. That our rock is so
highly reactive to CO2 points us in that direction."
Clean Nickel™ R&D Kickoff Event
On April 26th EV Nickel management will be meeting at EPCM's headquarters in Oakville with
Ontario's Minister of Mines, Hon. George Pirie and the MPP for Oakville, Stephen Crawford.
The group will review and discuss in greater detail the workplan related to the province's $500K
investment in the Company's Clean Nickel R&D through its Critical Metals Innovation Fund
(see news release dated March 6, 2023).
About EV Nickel Inc.
EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel
exploration company, focussed on the Shaw Dome Project, south of Timmins, Ontario. The
Shaw Dome includes the CarLang Area with more than 10 km of mineralization and where the
first 20% contains the A Zone - with a Resource which defined 1.25M Indicated and 1.16M
Inferred tonnes of Contained Nickel and the W4 Zone Deposit - the basis of a 2010 historical
estimate of 677K tonnes @ 1% Ni, ~15M lbs of Contained Nickel. EV Nickel plans to grow and
advance a Clean Nickel™ business, targeting the growing demand from the electric vehicle
battery sector. EV Nickel has over 30,000 hectares to explore across the Shaw Dome and has
identified >100 km of additional favourable cumulative strike length. The Company is focused
on a 2-track strategy: Track 1 - to produce High-Grade Clean Nickel ™ (starting with W4) and
Track 2- an integrated Carbon Capture & Storage project with Large-Scale Clean Nickel™
production (starting with CarLang).
Government Support
The Company acknowledges the financial contributions being provided by the Province of
Ontario's Critical Minerals Innovation Fund ("CMIF) and the Government of Canada through the
Industrial Research Assistance Program ("IRAP") to assist with the implementation of EVNI's
Clean Nickel™ Research and Development Program.
Qualified Person
The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and
Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He
has reviewed and approved the technical information in this press release. There are no known
factors that could materially affect the reliability of the information verified by Mr. Davis.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking information. Such forward-looking statements or
information are provided for the purpose of providing information about management's current
expectations and plans relating to the future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. Any such forward-looking information
may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects",
"intends", "plans", "may", "will", and similar expressions. Forward-looking statements or
information are based on a number of factors and assumptions which have been used to develop
such statements and information, but which may prove to be incorrect. Although EV Nickel
believes that the expectations reflected in such forward-looking statements or information are
reasonable, undue reliance should not be placed on forward-looking statements because the
Company can give no assurance that such expectations will prove to be correct. Factors that
could cause actual results to differ materially from those described in such forward-looking
information include, but are not limited to, changes in business plans and strategies, market
conditions, share price, best use of available cash, the ability of the Company to raise sufficient
capital to fund its obligations under various contractual arrangements, to maintain its mineral
tenures and concessions in good standing, and to explore and develop its projects and for general
working capital purposes, changes in economic conditions or financial markets, the inherent
hazards associated with mineral exploration, future prices of metals and other commodities,
environmental challenges and risks, the Company's ability to obtain the necessary permits and
consents required to explore, drill and develop its projects and if obtained, to obtain such permits
and consents in a timely fashion relative to the Company's plans and business objectives,
changes in environmental and other laws or regulations that could have an impact on the
Company's operations, compliance with such laws and regulations, the Company's ability to
obtain required shareholder or regulatory approvals, dependence on key management personnel,
natural disasters and global pandemics, including COVID-19 and general competition in the
mining industry. These risks, as well as others, could cause actual results and events to vary
significantly. The forward-looking information in this press release reflects the current
expectations, assumptions and/or beliefs of EV Nickel based on information currently available
to the Company. Any forward-looking information speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, the Company disclaims any intent
or obligation to update any forward-looking information, whether as a result of new information,
future events or results or expressly qualified by this cautionary statement.
Contact Information
For further information, visit www.evnickel.com
Or contact: Sean Samson, President & CEO at [email protected].
EV Nickel Inc.
200 - 150 King St. W,
Toronto, ON M5H 1J9
www.evnickel.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this
release.
SOURCE: EV Nickel Inc.