CNIKF - NetZero Metals Awards Engineering Contracts and Advances Engineering Studies on Two Processing Facilities | Benzinga
Highlights
- Key Engineering Contracts Awarded and Work is Underway
- Steel plant design led by SMS group
- Key portions of nickel plant design led by Metso
- Overall study compilation & supporting engineering led by Ausenco
- Feasibility studies for Nickel Processing Facility and Stainless Steel and Alloy Production Facility near Timmins, Ontario remain on target for year-end
TORONTO, April 17, 2024 /PRNewswire/ - NetZero Metals Inc. ("NetZero Metals" or the "Company"), a wholly-owned subsidiary of Canada Nickel Company Inc. ("Canada Nickel") (TSXV:CNC) (OTCQX:CNIKF) today provided an update on the progress of engineering studies for two processing facilities – a nickel processing facility and a stainless steel and alloy production facility – in the Timmins Nickel District.
Key engineering contracts for the facilities have been awarded to SMS group ("SMS"), Metso and Ausenco Engineering Canada ULC ("Ausenco").
NetZero Metals is advancing design work to develop two processing facilities to fill a critical link in the development of North American critical minerals supply chains and the province's electric vehicle strategy. Each production facility is expected to utilize Canada Nickel's carbon storage capacity at its Crawford Nickel Project to deliver net zero carbon nickel and stainless steel and alloy production through capture of the CO2 emissions from the downstream operation. The studies are progressing well and completion of feasibility studies remains targeted for year-end.
Mark Selby, CEO of Canada Nickel, said, "We are very pleased to work with global engineering leaders like SMS, Metso, and Ausenco to advance our NetZero Metals processing plants. These processing facilities will position the Timmins Nickel District and Canada at the forefront of the global transition to greener energy and materials. We are proud to lead the way in the development of new capacity to meet the growing demand for the local supply of critical minerals, and most importantly, zero carbon, environmentally responsible production in North America."
SMS group, an industry leader in the supply of steel making equipment and plant design, has been awarded the initial scope for the NetZero Metals stainless steel and alloy plant, which will treat the Crawford iron-chrome-nickel concentrate and other feeds to produce a blend of stainless steel and alloys. The target start up date of the steel plant is year-end 2027, aligned with expected first production from Crawford.
Andy Gribben, VP of Metallurgy Sales at SMS group, said "We are thrilled to have been chosen by NetZero Metals for such a pivotal role in advancing sustainable nickel and stainless steel production. At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry. Our metallurgical know-how and engineering skills combined with our digital expertise and plant technology enables us to be the leading partner on this project. We look forward to contributing our expertise to this transformative, environmentally responsible project."
Metso, an industry ...