GeoRedox and Canada Nickel Launch First-of-its-kind Geologic Hydrogen Program at Crawford Nickel Project in Timmins, Ontario
Rhea-AI Summary
GeoRedox and Canada Nickel (OTCQX: CNIKF) signed an MOU to develop the world's first stimulated geologic hydrogen well at the Crawford Nickel Project near Timmins, Ontario.
The fully GeoRedox-funded demonstration will test proprietary zero-carbon hydrogen technology in ultramafic rock, supporting Canada Nickel's vision for a zero-carbon industrial cluster in the Timmins Nickel District.
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News Market Reaction – CNIKF
In the May 20 session, CNIKF declined 0.50%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Highlights:
- MOU signed to develop first stimulated geologic hydrogen well at Crawford Nickel Project,
Timmins, Ontario - Zero-carbon hydrogen to be produced from natural chemical reactions in ultramafic rock
- Advances Canada Nickel's Zero-Carbon Industrial Cluster vision for the Timmins Nickel District
The project will test GeoRedox's proprietary technology for producing zero-carbon hydrogen from ultramafic rock formations - the same geology that underlies Canada Nickel's twenty-plus projects in the Timmins Nickel District - and represents a foundational step toward a zero-carbon industrial cluster in
Robert Stoner, President of GeoRedox said: "Hydrogen is used extensively in metals production, which makes GeoRedox a natural partner to the mining industry. In Canada Nickel we're delighted to have partnered with a mining company that shares our commitment to industrial decarbonization and environmental stewardship - and our sense of urgency. Crawford gives us the ideal real-world setting to validate our technology alongside a world-class mining operation. The opportunity to develop a project with Canada Nickel in a well-developed industrial region with extensive infrastructure is truly exciting."
Mark
GeoRedox will fund the demonstration program in full. Canada Nickel will contribute site access, rock samples, technical expertise, data, and other resources necessary for project planning and implementation at Crawford. The demonstration is the first phase of a program that, if successful, has the potential to provide a large-scale, carbon-free hydrogen supply for a zero-carbon industrial cluster in the Timmins Nickel District.
Once constructed and in operation, Crawford, which is located in
Qualified Person
Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a "qualified person" as defined in NI 43-101, has reviewed and approved the scientific and technical information in this news release.
About GeoRedox Corporation
GeoRedox Corporation is a
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to supply the nickel required for high growth electric vehicle, stainless steel, defence, and broader industrial markets. The Company is developing innovative carbon management and mineralization technologies designed to support the production of lower-carbon nickel, cobalt, and iron products while enabling permanent carbon storage at industrial scale. Through its proprietary In-Process Tailings (IPT) Carbonation approach, Canada Nickel expects to integrate carbon sequestration directly into mining operations and has applied in multiple jurisdictions to trademark the terms NetZero Nickel™, NetZero Cobalt™, and NetZero Iron™. Canada Nickel is also advancing NetZero Metals, a downstream processing strategy intended to support a vertically integrated North American critical minerals supply chain. The Company is positioned to support growing global demand for nickel through large-scale resources located in stable, low political risk jurisdictions and is anchored by its
For further information, please contact:
Mark
Phone: 647-256-1954
Email: info@canadanickel.com
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 and viability of Advanced Weathering Enhancement (AWE) technology for producing ultralow cost hydrogen, the potential and viability of carbon sequestration generally, the impact of drilling on the definition of any resource, timing and completion (if at all) of additional mineral resource estimates, the potential of the Timmins Nickel District, strategic plans, including future exploration and development plans and results, and corporate and technical objectives. 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 2 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. 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.
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SOURCE Canada Nickel Company Inc.