Giga Metals (TSXV: GIGA) has finalized a long-term tailings and waste rock access agreement with Arca Climate Technologies and Mitsubishi, aimed at evaluating the potential of the Turnagain nickel project’s ultramafic waste rock for permanent carbon dioxide removal. The agreement spans 10 years and allows Arca to conduct sampling, analysis, and pilot-scale testing using its proprietary technology.
Giga Metals estimates that the Turnagain project will generate approximately 1.3 billion tonnes of ultramafic material once mining begins. This partnership has the potential to remove up to 220 million tonnes of CO2 from the atmosphere by accelerating the natural geochemical process of carbon mineralization. Giga Metals has a market capitalization of C$17.7 million ($12.7 million), and its stock rose 3.7% by market close in Toronto.
