ESSEN (dpa-AFX) - Canada Nickel Co. Inc. (CNC.V) on Monday signed a memorandum of understanding with RWE AG (RWEOY, RWE.DE) Supply & Trading GmbH.
The agreement supports the commercialization of low-carbon intermediate stainless and alloy steel products from its wholly owned Net Zero Metals subsidiary, using feedstock from the company's Crawford Nickel Project.
The partnership covers Europe and North America.
The agreement gives Canada Nickel access to RWE Supply & Trading's European and U.S. customer base, carbon trading capabilities, Carbon Border Adjustment Mechanism (CBAM) expertise, and product structuring capabilities.
The companies are targeting to sign a definitive agreement later in 2026.
RWE AB is currently trading 0.59% lesser at EUR 57.48 on the XETRA.
Canada Nickel Co. is currently trading 2.88% higher at CAD 1.4300 on the TSX Venture Exchange.
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