Monday, August 4, 2025

Latest

Canada Nickel Reports Success In Carbon Storage Pilot Project, Expects $25 Per Tonne Of Co2 Stored

Canada Nickel Company (TSXV: CNC) is reporting that it has had a successful run of its carbon storage pilot project at its Crawford Nickel project in Ontario.

The pilot project is said to have successfully demonstrated the value of its in-process tailings, or IPT, carbonation carbon storage process. A total of seven tonnes of tailings is said to have been processed, confirming the design parameters that will be incorporated into a feasibility study set to be released on October 12.

More significantly, the process is said to have been successfully used with material from a third party project as well, opening up opportunities for the IPT carbonation process to be commercialized for other projects.

The significance of the success of the carbon capture program is that Canada Nickel is operating under the premise that it can reasonable expect to receive $25 per tonne of CO2 captured in the form of storage fees based on current carbon pricing and policies in place. The figure was provided by a “leading strategy house,” who also reported that there is a “potential requirement” for more than 20 million tonnes of annual CO2 storage from over 150 carbon emitters, a third of which are clustered within Sudbury, Sault Ste Marie, Toronto, and Sarnia.

READ: Canada Nickel Hits 0.23% Nickel Over 348.5 Metres At New Discovery

“Our successful pilot plant results, coupled with this study, confirm the significant value potential of the Company’s IPT Carbonation process. The potential demand for more than 20 million tonnes annually of CO2 storage is well in excess of the 1 million tonne capacity for Crawford, which supports our Company’s belief that our Timmins Nickel District can anchor a Zero Carbon Industrial Cluster in the Timmins-Cochrane region,” commented CEO Mark Selby.

The utilization of the IPT Carbonation process is expected to enable Canada Nickel to become eligible for certain carbon capture and storage refundable investment tax credits on its capital expenditures, which ranges from 37.5% to 60% for 2022 to 2030, and from 18.75% to 30% for 2031 to 2040.

Canada Nickel last traded at $1.15 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Canada Nickel Expands Resource To 3.5 Million Tonnes Contained Nickel

Canada Nickel Company (TSXV: CNC) has finally completed an updated mineral resource estimate for its...

Wednesday, July 6, 2022, 08:49:30 AM

Canada Nickel Announces Preliminary Discovery At MacDiarmid

Canada Nickel Company (TSXV: CNC) this morning announced preliminary drill results from its drill program...

Tuesday, May 18, 2021, 07:24:11 AM

Canada Nickel Secures $20 Million Investment Via Secured Convertible Note

Canada Nickel Company (TSXV: CNC) has secured a $20 million investment from Taykwa Tagamou Nation,...

Monday, December 16, 2024, 07:13:27 AM

Agnico Eagle Takes 12% Stake In Canada Nickel For $23.1 Million

Canada Nickel Company (TSXV: CNC) evidently is raising funds via a flow through financing. In...

Sunday, December 31, 2023, 10:49:41 AM

Canada Nickel Intersects 0.5% Nickel Over 91 Metres At Texmont

The first results are in for Canada Nickel’s (TSXV: CNC) drilling at its Texmont property,...

Tuesday, March 7, 2023, 08:03:18 AM