EVNI:CC - Shares Up For This Nickel Company Following Announcement

2023-03-06 11:39:27 ET

To move forward with %EV and battery production, clean, low-carbon mining and processing is needed. This company’s mission is to accelerate the transition to clean energy and just received a half of a million dollars to help with the advancement of reducing carbon cost for nickel production.

%EV Nickel () announced it received $500,000 CAD in a partnership with the Ontario government, a non-dilutive funding contribution is for the advancement of the firm’s " Clean Nickel "™ strategy, which targets the lowest possible carbon cost for nickel production, at its Shaw Dome Project.

Per the company’s press release, the firm is engaged in two separate research and development project streams under a Clean Nickel™ strategy. This includes their work in advancing "bioleaching"; a process through which bacteria erodes the rock around the critical mineral naturally and with zero carbon emissions. The second focuses on developing an integrated carbon capture and storage process, to earn carbon credits alongside the Clean Nickel™ production.

Canadian shares were trading up at $0.235 in morning trade.