A company advancing a large nickel-cobalt project in Timmins is already planning its applications for a new provincial fund.
“This pilot program is the direct result of conversations we’ve had with industry leaders,” said Pirie. "Based on what we have now we think we’ll be able to generate a million tons of CO2 credits per year, which would make us among the largest carbon capture facilities in the world. There’s obviously a lot of engineering work and additional innovation that needs to be done to be able to make that a reality so this kind of fund is ideally suited to that," said Selby, noting it could also help with their work looking at additional ways of processing material.
"We’re looking at five and 10 times growth in the coming decade in terms of the materials that are required and Timmins is ideally positioned and our project is ideally positioned to deliver very large volumes of that material ‘cause nickel is found in very few places around the world,” he said. "Your groundbreaking technologies will strengthen Ontario’s advantage and support economic growth. You are all part of an industry that is leading the charge towards a sustainable future. The mining industry will continue to serve the current generation of Ontario without compromising the future of the next generation - the definition of sustainable development,” he said.
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