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An announcement from Canada Nickel Company ( (TSE:CNC) ) is now available.
Canada Nickel Company has secured a $3.4 million federal contribution to advance its innovative In-Process Tailings (IPT) Carbonation process. This technology aims to transform nickel mining tailings into a permanent carbon storage solution, positioning the Crawford Nickel Sulphide Project as a leader in sustainable mining. The funding from the Government of Canada underscores the project’s alignment with national goals for carbon capture and storage, potentially sequestering up to 1.5 million tonnes of CO2 annually at peak production, contributing significantly to environmental stewardship and sustainable resource development.
More about Canada Nickel Company
Canada Nickel Company Inc. is a mining company focused on developing nickel projects with innovative carbon storage solutions. The company operates in the nickel mining industry and is working on the Crawford Nickel Sulphide Project, which is intended to be one of Canada’s largest carbon storage facilities.
YTD Price Performance: -12.19%
Average Trading Volume: 33,242
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $103.8M
For a thorough assessment of CNC stock, go to TipRanks’ Stock Analysis page.
