07:43 AM EDT, 10/22/2025 (MT Newswires) -- Canada Nickel ( CNIKF ) Wednesday said it is advancing its strategic partnership with NetCarb to unlock the potential for a zero-carbon industrial cluster in northeastern Ontario.

The partnership leverages NetCarb's advanced carbon sequestration process, which can utilize tailings from the Crawford nickel project and Canada Nickel's ( CNIKF ) other projects across the Timmins Nickel District.

Since launching their partnership on June 9, Canada Nickel ( CNIKF ) and NetCarb have made progress in understanding how the NetCarb proprietary carbon sequestration process can create value from Crawford tailings.

The technology is expected to be capable of sequestering up to 10 times the amount of carbon dioxide that Canada Nickel's ( CNIKF ) proprietary IPT Carbonation can achieve, while also generating by-products such as hydrogen and magnesium.

Canada Nickel ( CNIKF ) and NetCarb plan to execute a rapid development program focused on blue-green hydrogen and low-carbon fertilizers, magnesium-based products and enhanced carbon removal using local biomass.

The two companies will advance the initiatives through laboratory, pilot and engineering phases as it aims to establish northeastern Ontario as a model for zero-carbon industrial development.

NetCarb estimates that each tonne of Crawford tailings can store about 300 kilograms of carbon dioxide while producing 55 kg of hydrogen, which could be further utilized to produce 310 kg ammonia or 545 kg of urea. Each tonne of Crawford tailings also has the potential to generate 270 kg of low carbon, or carbon neutral magnesium oxide.

Canada Nickel ( CNIKF ) lost more than 6% in Tuesday trading on the TSX Venture Exchange.