Canada Nickel advances NetCarb partnership for carbon sequestration cluster

Canada Nickel Company Inc. (TSXV: CNC) (OTCQX: CNIKF) announced the expansion of its strategic partnership with NetCarb to develop a zero carbon industrial cluster in Northeastern Ontario. The collaboration aims to utilize tailings from Canada Nickel's Crawford Nickel Project for carbon sequestration while producing hydrogen, magnesium, and fertilizer products.

The partnership, initially announced in June, focuses on NetCarb's carbon sequestration technology that the companies claim can sequester up to ten times more CO2 than Canada Nickel's existing IPT Carbonation process. The NetCarb process targets complete carbonation of serpentine minerals through serpentinite activation and hydrometallurgical processing.

According to the companies, each tonne of Crawford tailings could potentially store 300 kg of carbon dioxide while producing 55 kg of hydrogen, which could be converted into 310 kg of ammonia or 545 kg of urea. The process also generates magnesium materials that can be processed into magnesium carbonate or magnesium oxide.

The development program encompasses three focus areas: blue-green hydrogen and hydrogen-based products including ammonia and urea fertilizers, magnesium-based products for distributed carbon capture, and enhanced carbon removal using regional biomass sources.

"This next phase of collaboration with NetCarb is a pivotal step forward in our strategic partnership," said Mark Selby, CEO of Canada Nickel. The company plans to assess technical and economic viability of each opportunity using government funding to advance from laboratory scale to pilot scale demonstrations.

The companies will submit funding proposals through 2025 for laboratory-scale work in 2026, with successful processes advancing to pilot-scale demonstrations in 2027. The initiative aims to leverage Northeastern Ontario's biomass harvesting capacity and establish the region as a model for zero carbon industrial development.

NetCarb CEO Luke Keeney stated the technology could position the Timmins Nickel District as a leading decarbonization hub in Eastern Canada. The partnership targets regional self-sufficiency in fertilizers and magnesium products while utilizing local biomass resources for biofuel and energy generation.

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