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TORONTO, July 20, 2022 – Canada Nickel Company Inc. (“Canada Nickel” or the “Company”) (TSXV:CNC) (OTCQX:CNIKF) today announced the results of a laboratory test program for a new method of accelerated carbon capture – In Process Tailings Carbonation (“IPT Carbonation”) that the Company believes has transformative potential.
The lab scale test program demonstrates that this accelerated carbon capture process could allow Crawford tailings to absorb enough CO2 to achieve Net Zero carbon emissions within 36 hours, and generate up to 21 tonnes of CO2 credits per tonne of nickel produced within just six days, rather than the multiple months involved in existing passive tailings approaches. At Canada Nickel’s Crawford Project, this translates into an average of approximately 710,000 tonnes of CO2 credits per year and 18 million total tonnes of CO2 credits over the Preliminary Economic Assessment (“PEA”) life-of-mine.
Mark Selby, Chair and CEO of Canada Nickel commented, “These lab scale test results demonstrate a potentially transformative process to turn a nickel mine into a net generator of carbon credits rather than a generator of carbon emissions. Our active and accelerated process has the potential to operate at least 8-12 times faster than current passive approaches, delivering carbon capture at a multiple of what industry leaders are currently able to achieve. Our process also allows easier quantification and verification of the amount of carbon captured.”
Canada Nickel’s Crawford Project is hosted in ultramafic rock, which naturally absorbs and sequesters CO2. The potential to actively capture and sequester carbon was a key consideration in Canada Nickel’s acquisition of the 42 km2 of target ultramafic rocks in the Timmins area which could anchor a zero-carbon industrial cluster near Timmins. The challenge has been to develop a process that speeds up the naturally occurring carbon absorption process. Canada Nickel has developed a simple active process that utilizes tailings as generated in the milling process and injects a concentrated source of CO2 for a brief period of time. This novel process for accelerated mineral carbonation is called In Process Tailings Carbonation or IPT Carbonation, which fixes CO2 geologically while the tailings are still in the processing circuit, rather than after they have been finally deposited.
While Canada Nickel’s IPT Carbonation process has only been demonstrated on a lab scale and on a limited number of samples, the Company believes that, given its relative simplicity, this process could be scaled up with availability of concentrated (rather than atmospheric) sources of CO2. This CO2 could potentially be delivered by downstream processing of Crawford concentrates, a wide range of industrial processing activities, green hydrogen production, carbon capture facilities, or natural gas power generation. The process clearly demonstrates the potential to produce NetZero NickelTM and NetZero CobaltTM for the EV industry, NetZero IronTM and chromium for the stainless steel industry and generate substantial carbon credits during the process. The Company believes that the need for a concentrated source of CO2 for this process and the substantial CO2 capture capacity potential of its ultramafic land position could form the basis for an entire zero carbon industrial cluster in the Timmins region.
The IPT Carbonation process utilizes tailings directly from the mineral processing circuit and conditions them with CO2 for a brief period of time. After this conditioning, the tailings achieved the Net Zero carbon capture target in less than 36 hours and achieved gross carbon capture rates of at least 26 tonnes of CO2
Figure 1a, 1b: A Comparison of Active IPT Carbonation vs. Passive Carbon Sequestration Rates
Figure 2 – IPT Carbonation – CO2 Capture per Tonne of Nicke
Figure 3. A Comparison of CO2 Capture Between the High Brucite (3.5% Brucite) and Average Brucite Samples (1.9% Brucite)
Based on mineralogy data captured in the Crawford PEA, the average brucite concentration of samples characterized in the resource was 2.0%. These initial lab scale results suggest that carbon capture beyond the theoretical maximum in brucite is possible. Canada Nickel is working towards incorporating the brucite content into the block model as an estimate for the total carbon capture potential of the project in the feasibility study.
Validation and Measurement of CO2 Credits
IPT Carbonation, which is an active process, has benefits over passive mineral carbon capture as the method for quantifying and verifying CO2 capture is expected to be much simpler. Using a standard carbon balance in the mineral processing facility, the CO2 captured from IPT Carbonation can be quantified before tailings are discharged into the permanent tailings storage facility such that carbon offsets can be quantified in real time as part of a standard metallurgical accounting system. Canada Nickel expects industry standards to be developed for quantifying CO2 capture through passive methods as well.
Qualified Person and Data Verification
Arthur G. Stokreef, P.Eng (ON), Manager of Process Engineering & Geometallurgy, Canada Nickel Company, and a “qualified person” as such term is defined by National Instrument 43-101, has reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.
About Canada Nickel
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™, NetZero Cobalt™ and NetZero Iron™ 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.
For further information, please contact:
Mark Selby, Chair and CEO
Email: [email protected]
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