Latest news with #MarkSelby
Cision Canada
11-06-2025
- Business
- Cision Canada
Canada Nickel Announces Initial Resource at Mann West Nickel Sulphide Project
Highlights: Mann West Significantly Larger than Initial Crawford Resource: Indicated Resource of 0.4 billion tonnes grading 0.23% nickel containing 0.95 million tonnes of nickel Inferred Resource of 0.6 billion tonnes grading 0.22% nickel containing 1.31 million tonnes of nickel. Indicated resource of 397,000 ounces palladium and platinum and Inferred resource of 593,000 ounces of palladium and platinum Exploration Target 1 of an additional 0.5-1.0 billion tonnes grading 0.20-0.22% nickel Mann West is the third of eight new nickel resources expected to be published in 2025 TORONTO, June 11, 2025 /CNW/ - Canada Nickel Company Inc. (" Canada Nickel" or the " Company") (TSXV: CNC) (OTCQB: CNIKF) today announced an initial mineral resource estimate (the "Mineral Resource Estimate" or "MRE") for its Mann West Nickel Sulphide Project ("Mann West") near Timmins, Ontario. Mann West is wholly owned by East Timmins Nickel Ltd. of which Canada Nickel owns 80% and Noble Mineral Exploration Inc. owns 20%. The Mann West Nickel Sulphide Project is located just 21 kilometres east of the Company's Crawford Nickel Sulphide Project ("Crawford") and is more than twice the size of Crawford based on the outline of its geophysical target of 3.4 square kilometres. The area of the geophysical target covered by the Mann West resource represents approximately 40% of the total target area. The Mann West project is accessible year-round. Mark Selby, CEO of Canada Nickel said, "Mann West marks a significant milestone with today's announcement, demonstrating a resource that surpasses the size and scale of our initial Crawford resource, and that validates our belief in the potential of the Timmins Nickel District. With a target footprint more than double Crawford's, Mann West is just the third of eight new mineral resources we expect to announce by the end of 2025, including two more this month." 1 the potential quantity and grade is conceptual in nature; there has been insufficient exploration to define a mineral resource; it is uncertain if further exploration will result in the target being delineated as a mineral resource (also see below). Mann West Mineral Resource Estimate For the initial Mineral Resource Estimate, a total of 16,833 metres of core drilling in 37 drill holes were utilized to calculate the Mann West Resources in two categories as provided in Table 1. Indicated Resources totalled 406 million tonnes grading 0.23% nickel, for a total of 0.95 million tonnes of contained nickel and Inferred Resources totalled 599 million tonnes grading 0.22% nickel, for a total of 1.31 million tonnes of contained nickel. The approximate dimensions of the resource are 1.9 kilometres long, 800 metres wide, extending to 500 metres deep and remaining open to the northwest and at depth. An additional 0.5 – 1.0 billion tonnes grading between 0.20% and 0.22% nickel remain as an Exploration Target, pending further drilling. This Exploration Target is based on core drilling by the Company, the geophysical survey on the Project, and the understanding and calculation of the current MRE. Within the resource, a PGM Zone containing an Indicated resource of 7.0 million tonnes grading 0.422 g/t palladium + platinum and an Inferred resource of 7.7 million tonnes grading 0.411 g/t palladium + platinum. The Exploration Target was derived by modelling the identified nickel sulphide mineralization within the current estimation envelope but outside of the current Mineral Resource Estimate area. The volume of the modelled Exploration Target area determines the potential tonnage statement in the Exploration Target. The grade range given in the Exploration Target is determined with consideration to the drill core results within the modelled Exploration Target area, consideration of the geological setting in a well understood nickel deposit type where grades are observed and well understood, and based on the experience of the Company and the Qualified Persons. The potential tonnages and grades are conceptual in nature and are based on drill holes and geophysical results that define the approximate length, thickness, depth and grade of the Exploration Target. There has been insufficient exploration to define a current mineral resource and the Company cautions that there is a risk that further exploration will not result in the delineation of a current mineral resource. Drilling at Mann West was completed in 2023 and 2024. The 2024 campaign successfully completed the goal of infilling previous sections to allow for the definition of an initial mineral resource estimate, gain understanding on the geology of the deposit, as well as systematically collecting samples for mineralogical analysis that have started to help define the potential of nickel recovery (see May 13, 2024 news release). The Mann West Mineral Resource Estimate was prepared by Caracle Creek International Consulting Inc. in accordance with CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines (2019) and CIM Definition Standards for Mineral Resources & Mineral Reserves (2014). A Technical Report in support of the Mineral Resource Estimate will be filed on SEDAR+ ( within 45 days of this news release. Table 1. Initial Total Mineral Resource Estimate (in-pit resources) for the Mann West Nickel Sulphide Deposit. Table 2. Initial PGE Zone Mineral Resource Estimate (in-pit resources) for the Mann West Nickel Sulphide Deposit. *Totals may not add due to rounding. Notes to Table 1 and Table 2: 1. The independent Qualified Person for the Mineral Resource Estimate ("MRE"), as defined by National Instrument 43-101 ("NI 43-101"), is Dr. Scott Jobin-Bevans ( PGO #0183), of Caracle Creek International Consulting Inc. The effective date of the Mineral Resource Estimate is May 30, 2025. 2. The quantity and grade of reported Inferred Resources in this MRE are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured. However, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. 3. A cut-off grade of 0.10% Ni was used to define potentially economic material for inclusion within the MRE. Cut-offs were determined on the based on core assay geostatistics and drill core lithologies for the deposit, and by comparison to analogous nickel deposit types. 4. Geological and block models for the MRE used data from a total of 37 surface drill holes, completed by Canada Nickel in 2023 and 2024. The drill hole database was validated prior to resource estimation and QA/QC checks were made using industry-standard control charts for blanks, core duplicates and commercial certified reference material inserted into assay batches by Canada Nickel and by comparison of umpire assays performed at a second laboratory. 5. Estimates have been rounded to two significant figures. 6. The MRE was prepared following the CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines (November 29, 2019) and the CIM Definition Standards for Mineral Resources & Mineral Reserves (May 19, 2014). 7. The geological model as applied to the MRE comprises three mineralized domains hosted by variably serpentinized ultramafic rocks: a relatively higher-grade core (dunite), a lower grade (peridotite), and a PGE-rich pyroxenite "reef". Individual wireframes were created for each domain in Leapfrog Geo 2024.1 software. 8. A 20 m x 20 m x 15 m block model was created, and samples were composited at 7.5 m intervals. Grade estimation from drill hole data was carried out for Ni, Co, Fe, Cr, S, Pd and Pt using the Ordinary Kriging interpolation method in Isatis 2024.04 software. 9. The MRE has been constrained by a conceptual pit envelope that was developed using the following optimization parameters. Metal prices used were US$21,000/t nickel, US$40,000/t cobalt, US$325/t iron, US$3,860/t chromium, US$1,350/oz palladium, and US$1,150/oz platinum. Different pit slopes were used for each layer (in degrees): 9.5 in overburden, and 40.0 in mineralized rock, and 45 in waste rock. Exchange rate utilized was US$/C$ at $0.76. Mining costs utilized different values for overburden (clay, gravel), and rock mining, ranging from C$1.47 to C$3.53/t mined. Processing costs and general and administration costs for a 120 ktpd operation (similar to the ultimate scope of Crawford) were C$8.30/t. Based on the range of grade and ratio of sulphur to nickel, calculated recovery averages 45% for Ni, 7% for Co, 56% for Fe, 29% for Cr 45% for Pd and 28% for Pd. 10. Grade estimation was validated by comparison of input and output statistics (Nearest Neighbour and Inverse Distance Squared methods), swath plot analysis, cross-plots of declustered samples against the nearest OK estimate, and by visual inspection of the assay data, block model, and grade shells in cross-sections. 11. Density estimation was carried out for the mineralized domains using the Ordinary Kriging interpolation method, based on 1,740 specific gravity measurements collected during the core logging process, using the same block model parameters of the grade estimation. As a reference, the average estimated density value within dunite is 2.64 g/cm 3 (t/m 3), while the peridotite domain yielded an average of 2.74 g/cm 3 (t/m 3), and the PGE "reef" domain an average of 3.05 g/cm 3 (t/m 3). Next Steps at Mann West: A technical report with respect to the Mineral Resource Estimate disclosed today will be filed within 45 days. Infill drilling at the property will aim to increase and upgrade inferred resources in the next drilling campaign. Mineralogical and metallurgical analysis will continue to better understand and estimate metal recoveries. Assays, Quality Assurance/Quality Control and Drilling Edwin Escarraga, MSc, a "Qualified Person" within the meaning of NI 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the secure core logging facility (core shack). The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby. All are ISO/IEC 17025 accredited labs and independent of Canada Nickel. Analysis for precious metals (gold, platinum, and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks (QA/QC samples) are inserted at a rate of three QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis. Qualified Person and Data Verification Stephen J. Balch ( – Ontario), VP Exploration of Canada Nickel and a "Qualified Person" within the meaning of NI 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc. The magnetic images shown in this news release were created from Canada Nickel's interpretation of datasets provided by the Ontario Geological Survey. 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 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Nickel District. For more information, please visit For further information, please contact: Cautionary Note and 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 the Mann West Nickel Sulphide Project, timing for filing a technical report in support of the Mineral Resource Estimate, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, timing and completion (if at all) of additional mineral resource estimates, the potential of the Timmins Nickel District, strategic plans, including future exploration and development plans and results, and corporate and technical objectives. Forward-looking information is necessarily based upon several assumptions that, 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 property, 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 regulatory 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. 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.
The Market Online
09-06-2025
- Business
- The Market Online
Ontario to prioritize Canada Nickel's flagship project
The Government of Ontario has highlighted the Crawford nickel-sulphide project near Timmins, owned by Canada Nickel Company (TSXV:CNC), as strategic to its 'priority nation building initiatives,' according to Monday's news release The project houses the second-largest nickel resource and reserve in the world Canada Nickel is exploring and developing nickel-sulphide projects to supply the electric vehicle and stainless-steel markets Canada Nickel stock has given back 24.81 per cent year-over-year but remains up by 11.11 per cent since 2020 The Government of Ontario has highlighted the Crawford nickel-sulphide project near Timmins, owned by Canada Nickel Company (TSXV:CNC), as strategic to its 'priority nation building initiatives,' according to Monday's news release. The announcement was delivered in an open letter on June 5 by Canada's Minister of Energy and Natural Resources, and Ontario's Ministers of Energy and Mines, Natural Resources, and Indigenous Affairs and First Nations Economic Reconciliation. Crawford houses the second-largest nickel resource and reserve in the world – 6 million tons (Mt) measured and indicated and 3.7Mt inferred – with a final construction decision expected by year-end and initial production slated for sometime in 2027. The project is backed by a 2023 bankable feasibility study detailing a US$2.5 billion net present value and production of 1.6 million tons (Mt) of nickel, 58 Mt of iron and 2.8 Mt of chrome over a 41-year project life. Canada Nickel's proprietary carbon capture technology is expected to make Crawford one of Canada's largest carbon storage facilities. The project joins four other highlighted critical minerals projects suitable for near-term development, including Generation Mining's Marathon copper-palladium project. Leadership insights 'We are encouraged and deeply appreciative of the Government of Ontario advancing the critical minerals agenda and recognizing the strategic importance of the Crawford project,' Mark Selby, Canada Nickel Company's chief executive officer, said in a statement. 'With aligned federal and provincial support, our experienced management team can continue to advance development of Crawford as an important secure, domestic supply of critical minerals – nickel, cobalt and North America's only domestic source of chromium—while advancing strong Indigenous partnerships and delivering on Canada's clean energy and climate ambitions.' About Canada Nickel Company Canada Nickel is exploring and developing nickel-sulphide projects to supply the electric vehicle and stainless-steel markets. According to the company's investor presentation for May 2025, it intends to establish eight new nickel resources by mid 2025. Canada Nickel stock (TSXV:CNC) last traded at C$1. The stock has given back 24.81 per cent year-over-year but remains up by 11.11 per cent since 2020. Join the discussion: Find out what everybody's saying about this nickel stock on the Canada Nickel Company Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Cision Canada
09-06-2025
- Business
- Cision Canada
Canada Nickel Partners with NetCarb to Advance Next-Generation Carbon Sequestration Technology
Highlights New technology has potential to increase CO 2 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 CO 2 sequestration capacity at Crawford alone (10-15 million tonnes of CO 2 annually). Supports the development of a Zero Carbon Industrial Cluster in Timmins. TORONTO, June 9, 2025 /CNW/ - 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 CO 2 storage capacity, the NetCarb process has the potential to increase the CO 2 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. 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 costs, media buying and content distribution, and search engine marketing. The remaining budget will be allocated for content creation, web development, advertising creative development, 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 such 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 solutions, 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 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 carbon 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 Iron TM 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 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit Qualified Person Stephen J. Balch (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 information in this news release on behalf of Canada Nickel. For further information, please contact: 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 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 that, 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 property, 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 regulatory 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.
Yahoo
09-06-2025
- Business
- Yahoo
Canada Nickel Announces the Government of Ontario Recognition of Crawford as a Critical Minerals Priority and Nation-Building Project
TORONTO, June 9, 2025 /CNW/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) welcomed the Government of Ontario's recognition of the Crawford Nickel Sulphide Project ("Crawford") as part of its priority nation building initiatives. In a joint letter to Canada's Minister of Energy and Natural Resources, Ontario's Ministers of Energy and Mines, Natural Resources, and Indigenous Affairs and First Nations Economic Reconciliation identified the Crawford Project as one of five strategic critical minerals projects ready for near-term development as part of three transformational, nation-building projects. In this open letter provided to media and the Company on June 5, 2025, the Ministers also highlighted additional provincial funding for the sector to fully realize the value of these resources, such as the $500 million Critical Minerals Processing Fund, as well as nearly $3.1 billion in loans, grants, scholarships and other funding to support meaningful Indigenous ownership and partnership in critical mineral development. "We are encouraged and deeply appreciative of the Government of Ontario advancing the critical minerals agenda and recognizing the strategic importance of the Crawford Project," said Mark Selby, CEO of Canada Nickel. "With aligned federal and provincial support, our experienced management team can continue to advance development of Crawford as an important secure, domestic supply of critical minerals – nickel, cobalt, and North America's only domestic source of chromium—while advancing strong Indigenous partnerships and delivering on Canada's clean energy and climate ambitions." Located just north of Timmins, the Crawford Project benefits from direct access to power, road, and rail infrastructure, and is supported by long-standing partnerships with Indigenous Nations in the region. In addition to advancing one of the world's largest nickel reserves, Canada Nickel has developed innovative carbon capture technology through its proprietary IPT Carbonation process. Once operational, the Crawford Project is expected to also become one of Canada's largest, carbon storage facilities—contributing meaningfully to both environmental and economic goals and helping to drive long-term prosperity in Northern Ontario and across the country. About Canada Nickel CompanyCanada 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 is currently anchored by its 100% owned flagship Crawford Nickel Sulphide Project in the emerging Timmins Nickel District. 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. For further information, please contact: Mark Selby, CEOPhone: 647-256-1954Email: info@ Media, please contact: Melanie ParadisPresident, Texture CommunicationsPhone: 416-399-7400Email: melanie@ Sydney OakesDirector of Indigenous Relations and Public AffairsPhone: 905-929-7151Email: sydneyoakes@ Cautionary Statement Concerning Forward-Looking StatementsThis 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, drill and exploration results relating to the target properties described herein (the "Properties"), 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 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 that, 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 property, 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 regulatory 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. View original content to download multimedia: SOURCE Canada Nickel Company Inc. View original content to download multimedia: Sign in to access your portfolio
Yahoo
09-06-2025
- Business
- Yahoo
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 /CNW/ - 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 CO2 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. 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 costs, media buying and content distribution, and search engine marketing. The remaining budget will be allocated for content creation, web development, advertising creative development, 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 such 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 solutions, 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 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 carbon 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 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 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit Qualified Person Stephen J. Balch (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 information in this news release on behalf of Canada Nickel. For further information, please contact: Mark SelbyCEOPhone: 647-256-1954Email: info@ 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 CO2 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 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 that, 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 property, 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 regulatory 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. View original content to download multimedia: SOURCE Canada Nickel Company Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
