Can nickel mining ever be environmentally friendly? There’s a Canadian public company who believes it can.

‍What’s happening:‍

• Toronto based Canada Nickel Company (TSXV: CNC) has raised $34.7M CAD in a new financing round
  
• The round was led by Canada Nickel’s existing strategic investor Agnico Eagle Mines (NYSE: AEM)
  

By the numbers:‍

• Agnico Eagle invested $23.1M CAD into the recent round and now owns approximately 12% of Canada Nickel
  
• Canada Nickel owns 100% of their flagship nickel and cobalt sulphide property in the highly renowned Timmins-Cochrane mining district in Ontario
  

The big idea:‍

• Canada Nickel is aiming to be one of the first companies to sustainably mine nickel in a way which actually removes carbon in the process
  
• Through a unique mineral processing process, Canada Nickel separates valuable minerals away from waste minerals and has the tailings conditioned with a concentrated steam of carbon dioxide
  
• When the carbon dioxide is injected, it is also permanently captured
  
• Through this process, Canada Nickel believes they can become one of Canada’s largest carbon storage facilities
  

Why it matters:‍

• Nickel is a highly important input for electric vehicles, however most producing nickel mines have a negative environmental impact and emit enormous amounts of greenhouse gases into the atmosphere
  

The intrigue:‍

• Canada Nickel has applied to trademark the names 'NetZero Nickel', 'NetZero Cobalt' and 'NetZero Iron' across several jurisdictions globally