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 https://netcarb.com.au.
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 www.canadanickel.com.
Qualified Person
Stephen J. Balch P.Geo. (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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
3 hours ago
- Cision Canada
Canada risks missing out on billions in critical mineral investment without swift policy changes: report
Governments can attract investment, accelerate development, and capture opportunities arising from the global energy transition by sharing financial risks while upholding Indigenous rights and environmental protections OTTAWA, ON, June 12, 2025 /CNW/ - New research from the Canadian Climate Institute finds governments should act swiftly to de-risk critical minerals investment and accelerate project timelines—without cutting corners on Indigenous rights and environmental protections—to avoid missing out on a multi-billion dollar economic opportunity. Six priority critical minerals—copper, nickel, lithium, graphite, cobalt, and rare earth elements—form the building blocks of clean technologies like renewable energy and electric vehicles, among others. Canada's current production levels have barely scratched the surface of existing reserves, and demand is growing for these minerals that are essential to enhancing Canada's energy security and enabling the global transition to clean technologies. A report published today by the Canadian Climate Institute, Critical Path: Securing Canada's place in the global critical minerals race, finds that investment in these six priority critical minerals in Canada would have to grow substantially to keep pace with domestic and global demand. In fact, by 2040, Canada risks losing out on $12 billion a year in critical minerals production unless mining ramps up to meet demand from domestic industry alone. Amid increased competition for critical minerals, geopolitical turmoil, and rapidly evolving trade relationships, new investment of $30 billion would have to flow into Canada over the next 15 years to fully meet domestic critical minerals potential. To meet the growth in global demand—which is expected to double by 2040—investment in Canadian critical minerals would have to increase to $65 billion in that time frame. Yet investment into critical mineral projects hinges on expectations about future market prices—some of which are extremely volatile and can be overly affected by the actions of a few powerful players. To give investors more certainty, governments should act swiftly to share risks through targeted policies and programs, such as equity investments, offtake agreements, or contracts for difference. The report underscores that successful critical mineral projects require strong partnerships with Indigenous nations and communities, ongoing respect and recognition of Indigenous rights and self-determination, and robust environmental protections. It recommends governments streamline and accelerate project review processes by reducing inefficiencies, but warns that cutting corners when it comes to Indigenous rights and protecting the environment has been proven to backfire and lead to further delays. Specifically, the report recommends the federal, provincial, and territorial governments de-risk critical mineral mining projects by: Developing agreements between government and private companies to share the financial risk of investment in critical mineral projects. Providing more funding for Indigenous communities to participate and partner on mining projects and enhance access to capital for ownership opportunities. Strengthening mining regulations to reduce environmental risks and liabilities for communities that build on existing voluntary standards. Improving the efficiency of project reviews and decision making processes across multiple jurisdictions, without cutting back environmental safeguards or Indigenous consultation. The Climate Institute also commissioned three companion papers exploring related topics, including: Indigenous participation in the critical minerals sector, the emissions impact of ramping up critical minerals mining in Canada, and measures to reduce the environmental risks of increased mining activities. QUOTES "Critical minerals represent a multi-billion dollar opportunity for Canada in a global energy transition that continues to pick up pace. But Canada's critical minerals sector is struggling to attract enough investment to keep up with demand. As competition heats up and trade relationships evolve, Canadian governments should make haste to adopt policies to unlock private investment and bring resources to market faster—all while forming respectful partnerships with Indigenous communities and reducing environmental risks." — Rick Smith, President, Canadian Climate Institute "Securing Canada's place in the global critical minerals race requires swift action to unlock public and private investment that can power Canada's energy transition with the building blocks of clean technologies. Our Critical Path report offers a clear blueprint for the steps governments can take to seize this opportunity." — Marisa Beck, Director, Clean Growth, Canadian Climate Institute "All clean growth projects will be built on treaty lands, land claim areas, traditional territories, or within close proximity to an Indigenous community. This unique moment in time can affirm Indigenous rights to land and self-determination and encourage meaningful partnership between Indigenous nations, industry, and government. The Canadian Climate Institute's report provides a clear path on how Canada can grow its critical minerals sector in full partnership with Indigenous Peoples." — JP Gladu, Founder and Principal, Mokwateh "Canada has an opportunity to lead the transition to cleaner energy sources, but seizing that opportunity requires accelerating the development of a secure and circular domestic value chain for Canada's battery industry, from mine to market to recovery. Investing in Canadian critical minerals mining and processing will create jobs, grow the economy, and ensure Canada secures its place as a global leader in the battery value chain." — Sean de Vries, Executive Director, Battery Metals Association of Canada "Canada has a significant opportunity at hand to develop our critical mineral reserves, which among other imperatives are critical for a lower-emissions economy. This report clearly demonstrates the importance of making it easier for mining projects to secure financing to make this happen. By deploying loan guarantees and other financial risk-sharing instruments to de-risk projects, federal and provincial governments in Canada can crowd-in private capital, and keep projects on track despite market uncertainty." — , Senior Vice President, Office of the CEO, Royal Bank of Canada CONTACTS Claudine Brulé (Eastern Time) Lead, Communications and External Affairs Canadian Climate Institute (226) 212-9883 Krystal Northey (Pacific Time) Public Affairs Lead Canadian Climate Institute (226) 212-9883 About the Canadian Climate Institute The Canadian Climate Institute is Canada's leading climate change policy research organization. The Institute produces rigorous analysis, economic modelling, and in-depth research focused on incentivizing clean economic growth and low-carbon competitiveness, reducing emissions and accelerating Canada's net zero energy transition, and making our economy and infrastructure more resilient to a warming climate.
Cision Canada
4 hours ago
- Cision Canada
Petro-Victory Energy Corp. Announces Short Term Loans
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS/ DALLAS, June 11, 2025 /CNW/ - Petro-Victory Energy Corp. (TSXV: VRY) (" Petro-Victory" or the " Company") announces that it has borrowed an aggregate of US$350,000 (the " Loans") and issued unsecured promissory notes to Thomas Cooper, a director of the Company, and to an arm's length third party (collectively, the " Lenders"). The Loans have a term of one year and bear interest at an annual rate of 14% per annum until maturity and 18% per annum thereafter. The Lenders will be issued an aggregate of 685,350 bonus warrants (the " Warrants") in connection with the Loans, with each Warrant being exercisable at CAD$0.70 per common share on or before June 2, 2026. The Loans and issuance of Warrants remain subject to TSX Venture Exchange (" TSXV") final acceptance. The Loan from Thomas Cooper in the aggregate amount of US$175,000 and the issuance of 342,675 Warrants in connection therewith each constituted a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as Mr. Copper is a related party (as defined in MI 61-101) of the Company. The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party matters, as the Company is listed on the TSXV and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101). About Petro-Victory Energy Corp. Petro-Victory Energy Corp. is an oil and gas company engaged in the acquisition, development, and production of crude oil and natural gas in Brazil. The total portfolio under management includes 49 concession contracts with 276,755 acres, net to Petro-Victory plus an additional 6 concessions and 19,074 acres owned jointly with BlueOak. Through disciplined investments in high-impact, low-risk assets, Petro-Victory is focused on delivering sustainable shareholder value. The Company's common shares trade on the TSX Venture Exchange under the ticker symbol VRY. Cautionary Note Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States unless an exemption from such registration is available. In the interest of providing Petro-Victory's shareholders and potential investors with information regarding Petro-Victory's future plans and operations, certain statements in this press release are "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, " forward-looking statements"). In some cases, forward-looking statements can be identified by terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "objective," "ongoing," "outlook," "potential," "project," "plan," "should," "target," "would," "will" or similar words suggesting future outcomes, events or performance. The forward-looking statements contained in this press release speak only as of the date thereof and are expressly qualified by this cautionary statement. Specifically, this press release contains forward-looking statements relating to, but not limited to, TSXV approval for the Loan and Warrants. These forward-looking statements are based on certain key assumptions regarding, among other things, the receipt of TSXV approval for the Loan and Warrants. Readers are cautioned that such assumptions, although considered reasonable by Petro-Victory at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The above summary of assumptions and risks related to forward-looking statements in this press release has been provided in order to provide shareholders and potential investors with a more complete perspective on Petro-Victory's current and future operations and such information may not be appropriate for other purposes. There is no representation by Petro-Victory that actual results achieved will be the same in whole or in part as those referenced in the forward-looking statements and Petro-Victory does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law. SOURCE Petro-Victory Energy Corp.
Cision Canada
4 hours ago
- Cision Canada
Lundin Mining Announces 2025 Capital Markets Day
VANCOUVER, BC, June 11, 2025 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the executive management team will be presenting an outlook for the Company on Wednesday, June 18, 2025, from 8:00 am to 12:00 pm ET at Lundin Mining's Capital Markets Day. Webcast / Conference Call Details: Date: Wednesday, June 18, 2025 Time: 8:00 AM ET | 1:00 PM BST Webcast: WEBCAST LINK or An archive of the webcast will be available at after the event. About Lundin Mining Lundin Mining is a diversified base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. SOURCE Lundin Mining Corporation
