Canada Nickel‘s (CVE:CNC) latest test work results support the incorporation of carbon capture and storage into processing at its Crawford project in Timmins, Ont.
Its method, known as in-process tailings (IPT) carbonation accelerates the carbon capture and storage process, which the miner believes has transformative potential, it said in a news release on Wednesday.
“We believe the Crawford project has the potential to be a case study in how critical minerals are developed in Ontario and Canada,” said Mark Selby, company chair and CEO.
“Crawford is poised to support the energy transition through the large-scale production of critical minerals, including nickel and cobalt, and to become the sole North American producer of chromium, while also supporting the country’s climate objectives through large scale carbon capture and storage.”
According to Canada Nickel, successful incorporation of IPT carbonation could potentially allow a portion of the company’s project capital expenditures to be eligible for the carbon capture and storage refundable investment tax credits. Those range from 37.5% to 60% for 2022-30 and from 18.75% to 30% for 2031-40, as announced in 2022 federal budget documents.
In addition, the company believes the mineral sequestration can be considered an effective carbon storage approach that would meet environmental requirements, based on prior research.
The integrated feasibility study for Crawford is expected to be delivered in the second quarter of 2023. The company says it continues to target receipt of permits by mid-2025, with construction to follow.
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