12:19 PM EST, 11/03/2025 (MT Newswires) -- (Updates shares.)

Canada Nickel ( CNIKF ) on Monday announced an in-situ carbon sequestration pilot study at its flagship Crawford nickel project in Ontario.

The pilot is being conducted in collaboration with the U.S. DOE ARPA-E team, led by the University of Texas at Austin.

The month-long pilot will inject carbon-enriched water sourced from the Crawford site into a 400-meter deep well to evaluate large-scale carbon capture under natural conditions, the company said.

"We have been very pleased to work with Dr. Ukar and her team at the University of Texas at Austin as they developed a novel carbon sequestration approach to store large volumes of CO2 and create the potential, by pre-carbonating material before it is mined, to both reduce the costs and to improve the value from processing the material," chief executive officer Mark Selby said.

Canada Nickel's ( CNIKF ) share were last seen down $0.10 to $1.09 on the TSX Venture Exchange.

Price: 1.11, Change: -0.09, Percent Change: -7.14