EVNi Clean Nickel(TM) R&D - Carbon Capture Results Beat Expectations, Great Potential for Carbon Mineralization and Storage – Advancing to Pilot Plant Testing

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES

• CarLang A Zone material has demonstrated the potential to capture up to 40 kg CO₂ per tonne of tailings
• This should more than offset the Project's carbon footprint- creating an additional potential business line
• Brucite is the integral mineral for Carbon Capture and the CarLang Trend is brucite-rich, sampling up to 6%
• Research now progresses to the next phase, planning to include with the Clean Nickel Pilot Plant
• EV Nickel management will host a live digital event today at noon ET, to discuss the Clean Nickel R&D. The event will be at https://events.6ix.com/preview/ev-nickel-r-and-d-update-advancing-to-p ...

TORONTO, ON / ACCESSWIRE / October 4, 2023 / EV NICKEL INC. (TSXV:EVNI) ("EVNi" or the "Company") is pleased to announce the ongoing results of the Carbon Mineralization and Storage research, on its Large-Scale CarLang A Zone, located in the Shaw Dome Project, just outside Timmins, Ontario (see Figure 1).

Greenhouse gases such as CO₂ trap heat, causing temperatures to rise. To avoid the worst effects of climate change the world needs to decrease emissions and ideally remove CO₂ that is already in the atmosphere. Ultramafic rocks are well suited for this, as they contain minerals that are highly reactive to CO_2,. More specifically, brucite is the key mineral for "carbon mineralization" to occur with the ultramafic rocks. In a future potential mining operation, CO₂ could be absorbed by the tailings and converted into a solid carbonate mineral, permanently and safely trapping and storing CO₂. In addition to mineralogy, the ultimate carbon mineralization capacity of mine tailings is dependent on particle size, tailings management practices and the concentration of CO₂ in the source gases-passive vs enriched.

Building on the Preliminary Results (see news release dated April 20, 2023) EVNi has continued to work with its technical partners Arca Climate Technologies, to quantify the total amount of CO₂ that can be captured and stored, including if the process was to use a CO₂ -enriched input gas.

"These are very promising results so far, representing what could be best-in-class carbon mineralization, driven by our high brucite levels along the CarLang Trend," said Sean Samson, President & CEO. "Our Company's Clean Nickel Strategy is about rethinking all of the steps we take and with this workstream, if we can potentially create a new business- from our tailings- this is exactly the type of innovation we are focused on."