Canada Nickel Secures $3.4 Million Federal Contribution to Advance Groundbreaking Carbon Storage Technology
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) has secured a $3.4 million federal funding to advance its proprietary In-Process Tailings (IPT) Carbonation technology at the pilot plant level. The innovative process transforms nickel mining tailings into a permanent carbon storage solution, for which the company has filed a patent application.
The company's Crawford Nickel Sulphide Project is designed to become one of Canada's largest carbon storage facilities. Once operational, the project has the potential to sequester up to 1.5 million tonnes of CO2 annually during peak production and is expected to store 54 million tonnes over its 41-year life span. The funding will be provided through Natural Resources Canada's Energy Innovation Program, supporting the government's goals of reducing greenhouse gas emissions and fostering clean energy technologies.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) ha ottenuto un finanziamento federale di 3,4 milioni di dollari per far avanzare la sua tecnologia proprietaria di Carbonatazione dei Residui in Processo (IPT) a livello di impianto pilota. Questo processo innovativo trasforma i residui minerari di nichel in una soluzione permanente di stoccaggio del carbonio, per la quale l'azienda ha presentato una domanda di brevetto.
Il progetto Crawford Nickel Sulphide dell'azienda è progettato per diventare una delle più grandi strutture di stoccaggio del carbonio in Canada. Una volta operativo, il progetto ha il potenziale di sequestrare fino a 1,5 milioni di tonnellate di CO2 annualmente durante la produzione di picco e si prevede che immagazzini 54 milioni di tonnellate nel suo arco di vita di 41 anni. Il finanziamento sarà fornito attraverso il Programma di Innovazione Energetica delle Risorse Naturali del Canada, sostenendo gli obiettivi del governo di ridurre le emissioni di gas serra e promuovere tecnologie energetiche pulite.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) ha asegurado un financiamiento federal de 3.4 millones de dólares para avanzar su tecnología propietaria de Carbonatación de Relaves en Proceso (IPT) a nivel de planta piloto. Este proceso innovador transforma los relaves de minería de níquel en una solución permanente de almacenamiento de carbono, para la cual la empresa ha presentado una solicitud de patente.
El proyecto Crawford Nickel Sulphide de la empresa está diseñado para convertirse en una de las mayores instalaciones de almacenamiento de carbono en Canadá. Una vez operativo, el proyecto tiene el potencial de secuestrar hasta 1.5 millones de toneladas de CO2 anualmente durante la producción máxima y se espera que almacene 54 millones de toneladas a lo largo de su vida útil de 41 años. El financiamiento será proporcionado a través del Programa de Innovación Energética de Recursos Naturales de Canadá, apoyando los objetivos del gobierno de reducir las emisiones de gases de efecto invernadero y fomentar tecnologías energéticas limpias.
캐나다 니켈 회사 (TSXV: CNC) (OTCQX: CNIKF)는 파일럿 플랜트 수준에서 자사의 독점 공정 폐기물 탄산화 (IPT) 기술을 발전시키기 위해 340만 달러의 연방 자금을 확보했습니다. 이 혁신적인 과정은 니켈 채굴 폐기물을 영구적인 탄소 저장 솔루션으로 변환하며, 회사는 이에 대한 특허 출원을 했습니다.
회사의 크로포드 니켈 황화물 프로젝트는 캐나다 최대의 탄소 저장 시설 중 하나가 될 것으로 설계되었습니다. 운영이 시작되면, 이 프로젝트는 최대 연간 150만 톤의 CO2를 포집할 수 있는 잠재력을 가지고 있으며, 41년의 수명 동안 5400만 톤을 저장할 것으로 예상됩니다. 자금은 캐나다 자연 자원부의 에너지 혁신 프로그램을 통해 제공되며, 온실가스 배출을 줄이고 청정 에너지 기술을 촉진하겠다는 정부의 목표를 지원합니다.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) a obtenu un financement fédéral de 3,4 millions de dollars pour faire avancer sa technologie propriétaire de Carbonatation des Résidus en Processus (IPT) au niveau de l'usine pilote. Ce processus innovant transforme les résidus miniers de nickel en une solution permanente de stockage de carbone, pour laquelle l'entreprise a déposé une demande de brevet.
Le projet Crawford Nickel Sulphide de l'entreprise est conçu pour devenir l'une des plus grandes installations de stockage de carbone au Canada. Une fois opérationnel, le projet a le potentiel de séquestrer jusqu'à 1,5 million de tonnes de CO2 par an pendant la production maximale et devrait stocker 54 millions de tonnes au cours de sa durée de vie de 41 ans. Le financement sera fourni par le biais du Programme d'Innovation Énergétique de Ressources Naturelles Canada, soutenant les objectifs du gouvernement de réduction des émissions de gaz à effet de serre et de promotion des technologies énergétiques propres.
Canada Nickel Company (TSXV: CNC) (OTCQX: CNIKF) hat eine Bundesförderung in Höhe von 3,4 Millionen Dollar gesichert, um seine proprietäre In-Process Tailings (IPT) Carbonation-Technologie auf Piloteniveau voranzutreiben. Der innovative Prozess verwandelt Nickelbergbauabfälle in eine permanente Kohlenstoffspeicherlösung, für die das Unternehmen einen Patentantrag eingereicht hat.
Das Crawford Nickel Sulphide Projekt des Unternehmens ist darauf ausgelegt, eine der größten Kohlenstoffspeichereinrichtungen Kanadas zu werden. Nach der Inbetriebnahme hat das Projekt das Potenzial, jährlich bis zu 1,5 Millionen Tonnen CO2 während der Spitzenproduktion zu speichern und wird voraussichtlich über seine Lebensdauer von 41 Jahren 54 Millionen Tonnen speichern. Die Finanzierung wird über das Energieinnovationsprogramm von Natural Resources Canada bereitgestellt, das die Ziele der Regierung zur Reduzierung von Treibhausgasemissionen und zur Förderung sauberer Energietechnologien unterstützt.
- Secured $3.4 million in federal funding for carbon storage technology development
- Patent-pending IPT Carbonation technology capable of storing 1.5 million tonnes CO2 annually
- Crawford Project expected to store 54 million tonnes CO2 over 41-year lifespan
- None.
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.
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 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 CO2 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
Mark Selby, CEO of Canada Nickel Company, expressed his gratitude for the Government of
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
"The Government's contribution to Canada Nickel will help to advance carbon management technologies in
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 trademark 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 political risk jurisdictions. Canada Nickel is currently anchored by its
For further information, please contact:
Mark Selby, CEO
Phone: 647-256-1954
Email: info@canadanickel.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 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 development 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, whether 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
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SOURCE Canada Nickel Company Inc.
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