Updated Mineral Resource - Crawford

NetZero Metals NetZero Carbon Production Potential CANADA NICKEL COMPANY A number of key technologies are being explored to develop a Zero-Carbon footprint operation Mining • • Utilization of electric rope shovels and trolley trucks which utilize electricity, rather than diesel fuel, as a power source wherever possible Deposition approaches for waste rock and tailings during mining to expose the serpentine rock to air to allow this material to absorb CO₂ through natural mineral carbonation (exact amount and rate at which CO2 can be absorbed from materials mined at Crawford will be analyzed during upcoming phases of work) Milling Large scale processing of lower grade sulphide ores utilizes a significant amount of electricity - local proximity to hydroelectricity provides the potential to minimize carbon emissions for this stage of production. NetZero Metals - Nickel-Cobalt Concentrate Processing Existing pyrometallurgical processes such as roasting, sulphation roasting, and reduction using electric arc furnaces (utilizing natural gas rather than coke or coal as a reductant) with the offgases captured and re-routed to allow the CO2 be captured by the waste rock and tailings Existing hydrometallurgical processes to produce nickel and cobalt products such as the Albion or other similar processes, which generate minimal off-gases to produce nickel and cobalt products. The off-gases will again be captured and treated to ensure CO2 and SO 2 emissions are minimized. NetZero Metals - Magnetite Concentrate Processing Production of iron products utilizing existing direct reduced iron (DRI) processes or reduction in electric arc furnaces utilizing natural gas www.canadanickel.com 20 20

View entire presentation