Two massive processing facilities will be built in northeastern
The company said its subsidiary, NetZero Metals, will develop a nickel processing facility and a plant that makes stainless steel and alloys in
The plants will use the company's carbon storage technology to produce zero-carbon nickel and stainless steel and are expected to be operational by 2027, CEO
"These processing facilities will position the
The final cost will not be known until the feasibility studies are complete, but Selby said the first phase will cost
The company is in the process of selecting sites for the plants.
The new plants will fill a critical link in the electric vehicle battery supply chain, given that nickel is a major component of them.
Ontario Mining Minister
"We have what the world needs right in our backyard to fuel the electric vehicle revolution," said Pirie, who represents the riding of
The province has not committed any more money to the project, but did invest
"
The project has the blessing of Taykwa Tagamou Nation, a nearby First Nation.
"Since the very beginning of Canada Nickel’s journey, our partnership has been based on mutual respect and ensuring our treaty was honoured with a true seat at the decision-making table," said Chief
"Our First Nation is proud to see Canada Nickel’s continued growth with their future downstream processing facilities, and we'll proudly continue to partner with them based upon the mutual principles we’ve always shared."
This report by The Canadian Press was first published
© 2024 The Canadian Press. All rights reserved., source