Canada Nickel is Awarded $500,000 from Ontario's Critical Minerals Innovation Fund to Advance NetZero Metals Inc.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) has been awarded $500,000 from Ontario's Critical Minerals Innovation Fund to support the development of its nickel processing facility through NetZero Metals Inc. The facility, planned near the Crawford Nickel Sulphide Project in Timmins, Ontario, will develop a process for converting nickel concentrate into battery-essential nickel and nickel-cobalt products.
The facility will utilize biochar, a renewable reductant, to replace conventional coal-based materials, reducing carbon intensity. When fully operational, the plant is expected to produce over 75,000 tonnes of nickel annually. The company is collaborating with Kingston Process Metallurgy to advance the design and testing of this innovative processing technology. The funding will support process validation through lab and pilot-scale metallurgical testing using representative feed samples and Ontario-produced biochar.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) ha ricevuto 500.000 dollari dal Fondo per l'Innovazione dei Minerali Critici dell'Ontario per sostenere lo sviluppo della sua impianto di lavorazione del nickel attraverso NetZero Metals Inc. L'impianto, previsto nei pressi del Progetto di Solfuri di Nickel Crawford a Timmins, Ontario, svilupperà un processo per convertire il concentrato di nickel in prodotti essenziali per le batterie a base di nickel e nickel-cobalto.
L'impianto utilizzerà biochar, un riduttore rinnovabile, per sostituire i materiali convenzionali a base di carbone, riducendo l'intensità di carbonio. Quando sarà pienamente operativo, si prevede che l'impianto produca oltre 75.000 tonnellate di nickel all'anno. L'azienda sta collaborando con la Kingston Process Metallurgy per avanzare nella progettazione e nei test di questa tecnologia di lavorazione innovativa. Il finanziamento supporterà la validazione del processo attraverso test metallurgici in laboratorio e su scala pilota utilizzando campioni rappresentativi e biochar prodotto in Ontario.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) ha sido galardonada con 500.000 dólares del Fondo de Innovación de Minerales Críticos de Ontario para apoyar el desarrollo de su instalación de procesamiento de níquel a través de NetZero Metals Inc. La instalación, que se planea cerca del Proyecto de Sulfuro de Níquel Crawford en Timmins, Ontario, desarrollará un proceso para convertir el concentrado de níquel en productos esenciales de níquel y níquel-cobalto para baterías.
La instalación utilizará biochar, un reductor renovable, para reemplazar los materiales convencionales a base de carbón, reduciendo así la intensidad de carbono. Cuando esté completamente operativa, se espera que la planta produzca más de 75.000 toneladas de níquel anualmente. La empresa está colaborando con Kingston Process Metallurgy para avanzar en el diseño y la prueba de esta innovadora tecnología de procesamiento. La financiación apoyará la validación del proceso a través de pruebas metalúrgicas en laboratorio y a escala piloto utilizando muestras representativas y biochar producido en Ontario.
캐나다 니켈 컴퍼니 (TSXV: CNC) (OTCQX: CNIKF)가 온타리오의 주요 광물 혁신 기금에서 50만 달러를 수여받아 NetZero Metals Inc.을 통해 니켈 가공 시설 개발을 지원하고 있습니다. 이 시설은 온타리오 주 팀민스에 위치한 크로포드 니켈 황화물 프로젝트 근처에 계획되어 있으며, 니켈 농축물을 배터리에 필수적인 니켈 및 니켈-코발트 제품으로 전환하는 과정을 개발할 예정입니다.
이 시설은 전통적인 석탄 기반 재료를 대체하기 위해 재생 가능한 환원제인 바이오차를 사용할 것이며, 탄소 집약도를 줄이는 데 기여할 것입니다. 완전 가동 시, 이 공장은 연간 75,000톤 이상의 니켈을 생산할 것으로 예상됩니다. 이 회사는 혁신적인 가공 기술의 설계 및 시험을 발전시키기 위해 킹스턴 프로세스 메탈러지와 협력하고 있습니다. 자금 지원은 대표적인 원료 샘플과 온타리오에서 생산된 바이오차를 사용하여 실험실 및 파일럿 규모의 금속 시험을 통해 공정 검증을 지원합니다.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) a reçu 500.000 dollars du Fonds d'innovation des minéraux critiques de l'Ontario pour soutenir le développement de son installation de traitement du nickel par l'intermédiaire de NetZero Metals Inc. L'installation, prévue près du projet de sulfure de nickel Crawford à Timmins, Ontario, développera un processus pour convertir le concentré de nickel en produits essentiels, tels que le nickel et le nickel-cobalt, pour les batteries.
L'installation utilisera biochar, un réducteur renouvelable, pour remplacer les matériaux conventionnels à base de charbon, réduisant ainsi l'intensité carbone. Lorsque l'usine sera entièrement opérationnelle, elle devrait produire plus de 75.000 tonnes de nickel par an. L'entreprise collabore avec Kingston Process Metallurgy pour faire progresser la conception et les tests de cette technologie de traitement innovante. Le financement soutiendra la validation des procédés grâce à des tests métallurgiques en laboratoire et à l'échelle pilote, utilisant des échantillons d'alimentation représentatifs et du biochar produit en Ontario.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) hat 500.000 Dollar vom Critical Minerals Innovation Fund in Ontario erhalten, um die Entwicklung ihrer Nickelverarbeitungsanlage durch NetZero Metals Inc. zu unterstützen. Die Anlage, die in der Nähe des Crawford Nickel Sulphide Projekts in Timmins, Ontario, geplant ist, wird einen Prozess zur Umwandlung von Nickelkonzentrat in nickel- und nickel-kobalt-haltige Produkte, die für Batterien essentiell sind, entwickeln.
Die Anlage wird Biochar, ein erneuerbarer Reduktionsstoff, verwenden, um herkömmliche kohlenstoffbasierte Materialien zu ersetzen und die Kohlenstoffintensität zu verringern. Wenn die Anlage vollständig in Betrieb ist, wird erwartet, dass sie über 75.000 Tonnen Nickel jährlich produzieren wird. Das Unternehmen arbeitet mit der Kingston Process Metallurgy zusammen, um das Design und die Prüfung dieser innovativen Verarbeitungstechnologie voranzutreiben. Die Finanzierung wird die Prozessvalidierung durch Labor- und Pilot-Metallurgietests mit repräsentativen Futterproben und in Ontario produziertem Biochar unterstützen.
- Received $500,000 government funding for nickel processing facility development
- Expected production capacity of 75,000 tonnes of nickel annually when fully operational
- Implementation of innovative low-carbon processing technology using biochar
- None.
The Project, expected to be located near Canada Nickel's flagship Crawford Nickel Sulphide Project ("Crawford") close to
Mark Selby, CEO of Canada Nickel, expressed his gratitude for the Government of
Canada Nickel is collaborating with industry leaders, such as Kingston Process Metallurgy, to advance the design and testing of this innovative processing technology. The funding from CMIF will play a crucial role in validating the process design through lab and pilot-scale metallurgical testing using representative feed samples and
Mike Cox, CEO of NetZero Metals, emphasized the transformative potential of the project, "The NetZero Metals Inc. facility represents a first-of-its-kind approach in the Western world to use biochar-based reductants in pyrometallurgical nickel processing. This innovation not only addresses the growing demand for low-carbon battery metals but also reinforces
"As our economy grows with an increased need for critical minerals, our government is strengthening a made-in-
Together with the Government of Ontario, Canada Nickel and NetZero Metals Inc. are driving innovation and creating a more sustainable future for the province and beyond.
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™, NetZero Cobalt™, NetZero Iron™ 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 political risk jurisdictions. Canada Nickel is currently anchored by its
About NetZero Metals Inc.
Canada Nickel has launched wholly-owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and holds trademarks for NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ across several jurisdictions. Over three phases, the nickel processing plant is expected to reach a capacity of more than 80,000 tonnes of nickel annually, which is expected to make it the largest nickel processing facility in North America. Subject to permitting approvals, the plant plans to begin production by the start of 2027 utilizing third party feeds. The facility is expected to be further expanded with the startup and expansion of Canada Nickel's Crawford Nickel Sulphide Project. This plant is expected to utilize proven, low environmental footprint technology to produce high-quality nickel products, catering to the needs of both the stainless-steel/superalloy and the electric vehicle markets. For more information, please visit www.canadanickel.com/#netzero
About the Critical Minerals Innovation Fund
The Critical Minerals Innovation Fund (CMIF) provides funding to projects that help strengthen
Media, please contact:
Melanie Paradis
Phone: 416-399-7400
Email: melanie@yourtexture.com
Sydney Oakes, Director of Indigenous Relations and Public Affairs
Phone: 905-929-7151
Email: sydneyoakes@canadanickel.com
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 construction of processing facilities, the ability of the Company to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets, 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 development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; 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 statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. 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.
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SOURCE Canada Nickel Company Inc.
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