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.
Canada Nickel Company Inc. 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.
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