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InvestorNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Reports on Better-than-Expected Carbon Storage Testing Results
June 8, 2023

InvestorNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Reports on Better-than-Expected Carbon Storage Testing Results

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, is reporting on test work for In-Process Tailings (“IPT”) Carbonation, the company’s novel carbon storage process. According to the announcement, test results are “significantly above expectations,” with test work confirming the ability to store one million tonnes of carbon annually. In addition, the company noted that it has been approached by several large multinational companies that are seeking carbon-storage solutions. Canada Nickel also reported that access to the required testing facilities for pilot scale tests was delayed, which means that the Integrated Feasibility Study (“IFS”) will not be available until September, after the completion of the final engineering design for IPT Carbonation. The delay doesn’t impact the timeline for production, which remains mid-2025 for receipt of permits with construction following thereafter. “We believe the IPT Carbonation process has transformative potential for the company,” said Canada Nickel CEO Mark Selby in the press release. “Our test work demonstrates the ability to efficiently store one million tonnes of CO2 annually when the project is fully ramped up utilizing a process plant design of only 6.5 hours of residence time versus an initial design target of 12–24 hours. These results can help contribute to delivering this solution at relatively low capital and operating costs. . . .Crawford is poised to be a leader in 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 Canada’s climate objectives through large-scale carbon capture and storage and providing an anchor for a Zero Carbon Industrial Cluster in the Timmins-Cochrane region.”

To view the full release, visit https://ibn.fm/Xpquj

About Canada Nickel Company Inc.

Canada Nickel is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high-growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM), and is pursuing the development of processes to allow the production of net-zero carbon nickel, cobalt and iron products. Canada Nickel provides investors with leverage to nickel in low political-risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information about the company, visit www.CanadaNickel.com.

NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF

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