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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Post by EndZonefor7on Apr 23, 2023 1:01pm
322 Views
Post# 35409388

Canada Nickel plans zero-carbon N. Ontario mine cluster

Canada Nickel plans zero-carbon N. Ontario mine cluster

We're just basically taking in a similar type of rock, grinding it up really finely and injecting the CO2 as it's going through the mill,” he said. “So that's the nice part. It's not any more complicated than that.”

Canada Nickel also plans to create carbon credits around its process. For the Crawford project, he predicts between 750,000 to one million tonnes of carbon credits.

“The nice thing with these carbon credits,” Selby explained, “is we'll measure carbon of the material as it's at Point A in the pipe, we’ll run this carbonation process, and then we'll be able to measure the carbon as it's coming out in Point B.”

A release states the Crawford nickel project has potential to become the sole large-scale carbon storage facility in Ontario and one of largest such facilities in Canada.

Canada Nickel plans to mine 120,000 tonnes of ore per day – and process 43 million tonnes of nickel and cobalt per year from 100 million tonnes of material. It also predicts mining up to one million tonnes of iron and between 30,000 to 40,000 tonnes of chromium per year.

Selby estimated construction would generate several thousand jobs, along with several hundred employees working at the mines once they are operational.

“Our market cap right now is about just under $200 million. This is a billion-dollar-plus project,” Selby said. 
 

https://sustainablebiz.ca/canada-nickel-plans-for-zero-carbon-mining-cluster
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