GeoRedox and Canada Nickel (TSXV: CNC) announced they have signed a memorandum of understanding (MOU) to launch a partnership to develop the world’s first geostimulated hydrogen well at Canada Nickel’s Crawford nickel project site near Timmins, Ontario.
In January, Ontario named the Crawford Multi-Metallic Project as the second project to be developed under a One Project, One Operation permitting fast-track framework.
The project will test GeoRedox’s proprietary technology to produce carbon-free hydrogen from ultramafic rock formations — the same geology that underlies more than 20 Canada Nickel projects in the Timmins Nickel region — and represents a foundational step toward a carbon-neutral industrial cluster in northeastern Ontario, the companies said.
“The ultramafic rocks that host our Crawford deposit and more than two dozen projects across the Timmins Nickel District are exactly the geology for which GeoRedox technology was designed,” Mark Selby, CEO of Canada Nickel, said in a press release.
“This partnership brings us an important step closer to creating a carbon-neutral industrial cluster in northeastern Ontario – a cluster that turns our concentrates into critical off-the-shelf mineral products including nickel, chromium and cobalt, while leveraging the region’s significant carbon storage capacity,” Selby said.
GeoRedox will fully fund the demonstration program. Canada Nickel will contribute site access, rock samples, technical expertise, data and other resources needed to plan and execute the project at Crawford.
The demonstration is the first phase of a program which, if successful, has the potential to provide a large-scale carbon-neutral hydrogen supply to a carbon-neutral industrial cluster in the Timmins Nickel region.
Once constructed and operational, Crawford, which is located in Ontario’s critical mineral corridor, is expected to be among the largest nickel sulphide projects in the Western world and among the lowest carbon nickel operations in the world, the company said.
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