Fri. Feb 23rd, 2024

Project of factories of metal processing in Timmins

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Mark Selby, CEO of Canada Nickel, is very enthusiastic about the project to build two mineral processing plants, which he believes will provide carbon-neutral supply to the electric vehicle industry.

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Canada Nickel will build a nickel processing plant and a stainless steel and alloy production plant near Timmins by the end of 2027 to supply the electric vehicle and automotive industry. 'other industries.

It's really the missing link, says Mark Selby, CEO of Canada Nickel, a company with significant nickel deposits near Timmins, known as the Crawford project.

There is a company […] that ranked Canada first for investments in the supply chain for electric vehicles, ahead of China, he explains.

The missing key piece is the step where we take the ores and transform them into usable products.

A quote from Mark Selby, CEO of Canada Nickel

According to a press release, the nickel processing plant will be the largest in North America and will initially process ore from already active mines.

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Most of Canada Nickel's deposits are located between the cities of Timmins and Cochrane.

Mark Selby says both plants will be carbon neutral , thanks to the sequestration of carbon dioxide in the residues produced by the exploitation of its nickel deposits.

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What's most exciting is that with the rocks that constitute our deposit, we have developed a process that allows us to store 1.5 million tonnes of CO2 per year, he explained.

Canada Nickel CEO says engineering studies should be completed by the end of the year, and the first phase of nickel production should begin in early 2027.

According to Mark Selby, both factories will have reached an optimal production rate in time for the start-up and ramp-up of the Crawford project, planned for the end of 2027 .

We expect to be able to fund most of the capital we need to quickly advance this project through the next stages through various government sources.

A quote from Mark Selby, CEO of Canada Nickel

This is a phenomenal opportunity to grow the economy, said George Pirie, Minister of Mines and former mayor of Timmins.

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He recalls that Northern Ontario is rich in critical minerals, used in particular for batteries electric vehicles, such as lithium. We have what the world needs in our region to power the electric vehicle revolution.

Canada Nickel has also established a partnership with the Taykwa Tagamou Nation, an indigenous community located near Timmins.

Since the very beginning of the “Canada Nickel's adventure, our partnership was built on mutual respect and ensuring that our treaty would be honored and that we would have a real seat at the decision-making table,” said Bruce Archibald, Chief of the Taykwa Nation. Tagamou.

With information from CBC's Mike Crawley

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