Core Insights - Canada Nickel Company Inc. has announced the next phase of its strategic partnership with NetCarb, focusing on new product opportunities and the development of a zero carbon industrial cluster in Northeastern Ontario [2][4] - The collaboration aims to utilize NetCarb's advanced carbon sequestration technology to capture and store carbon dioxide from the Crawford Nickel project tailings while generating valuable by-products [2][3] Strategic Partnership and Technology - The partnership with NetCarb is seen as a pivotal step in advancing Canada Nickel's initiatives, with a focus on assessing the technical and economic viability of potential products derived from tailings [3][4] - The NetCarb process is estimated to sequester up to ten times more CO2 compared to Canada Nickel's proprietary IPT Carbonation process, while also producing by-products like hydrogen and magnesium [3][13] Product Development and By-Products - The joint development program will concentrate on three main areas: blue-green hydrogen, low-carbon fertilizers, and magnesium-based products, alongside enhanced carbon removal using local biomass [6][9] - Each tonne of Crawford tailings has the potential to store approximately 300 kg of CO2 and produce 55 kg of hydrogen, which can be further processed into 310 kg of ammonia or 545 kg of urea [7][10] Local Biomass and Energy Production - Northeast Ontario has significant biomass harvesting capacity, which can be utilized to produce biofuels or generate energy, contributing to a net carbon negative process [9][10] - The partnership aims to leverage local biomass to reduce the carbon footprint of downstream processing facilities, enhancing regional self-sufficiency in fertilizers [9][10] Future Steps and Funding - Canada Nickel and NetCarb plan to submit funding proposals to various agencies throughout 2025, aiming to complete lab-scale work on targeted processes in 2026 [14] - Successful development of these processes is expected to lead to identifying strategic partners for pilot-scale demonstrations in 2027, with the goal of full commercialization [14]

Accessibility StatementSkip Navigation FORNEBU, Norway, Oct. 17, 2025 /PRNewswire/ -- An extraordinary general meeting of Aker Carbon Capture ASA (under liquidation) (the "Company") was held today as a digital meeting with online participation. All resolutions were made in accordance with the proposals set out in the meeting notice published on 29 September 2025. The general meeting resolved to approve the liquidation settlement and thus to finally liquidate the Company. The Norwegian Register of Business ...

Group 1 - The extraordinary general meeting of Aker Carbon Capture ASA resolved to liquidate the company on 5 August 2025 [1] - A liquidation dividend will be distributed to shareholders, with the ex-date set for 13 October 2025 [1] - Euronext Oslo Børs will suspend trading of the company's shares from the ex-date, 13 October 2025 [2]

Saba Capital Management, L.P. increases its stake in ASA (NYSE:ASA), reflecting confidence in the company's potential.ASA prepares for an extraordinary general meeting to discuss critical proposals, indicating strategic shifts and potential growth avenues.The adoption of the ASA Motion Link (ASA-ML) standard in the automotive sector showcases ASA's innovation and technology leadership.On October 7, 2025, Saba Capital Management, L.P., a significant stakeholder in ASA (NYSE:ASA), purchased 46,649 shares of t ...

Core Viewpoint - Aker Carbon Capture ASA has resolved to liquidate the company following an extraordinary general meeting held on August 5, 2025, with remaining funds to be distributed as liquidation dividends [1][5]. Group 1: Liquidation Process - The Board of Directors has prepared a liquidation balance sheet as of July 31, 2025, which has been audited and will be distributed to shareholders prior to final liquidation [2]. - The company has returned NOK 5.2 billion in cash to shareholders to date, indicating a significant return of capital prior to liquidation [5]. Group 2: Company Background - Aker Carbon Capture ASA was established in 2020, leveraging over 20 years of experience in carbon capture technology [4]. - A joint venture, SLB Capturi, was formed in June 2024, with SLB owning 80% and Aker Carbon Capture ASA indirectly owning 20% through its subsidiary [4]. - Following transactions with SLB in 2024 and Aker in May 2025, the company ceased all investment and operational activities and does not expect to resume such activities [5].

Financial Data and Key Metrics Changes - The company reported a net income of $105 million or $1.23 per diluted share, with an adjusted basis of $0.39 per share [27] - Combined adjusted EBITDAX attributable to the company was $88 million, driven by strong production and lower than forecasted lease operating expenses [27] - Accrued capital expenditures in the second quarter were $79 million, which was 12% below the midpoint of guidance [27] Business Line Data and Key Metrics Changes - The upstream segment delivered net production of 811 million cubic feet equivalent per day, exceeding the high end of guidance [14] - The company increased its 2025 production guidance midpoint to 800 million cubic feet equivalent per day, a nearly 4% increase over the previous midpoint [17] - The power business achieved a combined average capacity factor of 59% with total generation exceeding 1,900 gigawatt hours [25] Market Data and Key Metrics Changes - The ERCOT power market is projected to grow over 20% between 2024 and 2026, driven by various sectors including AI and data centers [6] - The macro backdrop for natural gas remains bullish, with new LNG facilities coming online [5] - Power prices averaged $4,634 per megawatt hour, with an average natural gas cost of $2.98 per MMBtu, resulting in an average spark spread of $25.15 [26] Company Strategy and Development Direction - The company is focused on expanding its leadership position in the Barnett Shale through the acquisition of Bedrock's assets, which will enhance reserve life and production capacity [9] - Continued investment in carbon capture and utilization (CCUS) is a strategic priority, with multiple projects progressing towards final investment decisions [20] - The company aims to leverage its unique combination of gas, power, and carbon capture to create premium value in the Texas energy market [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term strength of the ERCOT power market and the expected ramp in Gulf Coast natural gas demand [6] - The passage of the One Big Beautiful Bill Act, which solidifies the 45Q tax credit, is seen as a significant win for the company and the industry [21] - The company is confident in achieving a million tons per year of CO2 injection run rate by 2027 [22] Other Important Information - The company has signed definitive agreements to acquire Bedrock's Barnett Shale assets for $370 million, expected to close in the third or early fourth quarter [18] - The acquisition is anticipated to add over 100 million cubic feet equivalent per day of production and nearly one trillion cubic feet of 1P reserves [19] - The company has reserved manufacturing slots for natural gas turbines, enhancing its ability to meet power needs for large data center companies [10] Q&A Session Summary Question: Can you provide insights on the benefits of purchasing adjacent acreage? - The acquisition allows for lengthening laterals and improving economics, with 50 Tier one and 20 Tier two lateral additions expected [41] Question: How do you see cost per foot evolving with longer laterals? - The company has reduced cost per foot by 11% and expects further improvements through enhanced completion designs and data analytics [44] Question: What are the initial focus areas of the CIP partnership? - The partnership focuses on advancing CCUS projects and leveraging relationships with emitters for project sourcing [58] Question: Can you elaborate on the carbon sequestered gas deal with Gunvor? - The initial volume is structured to establish a market, with potential for significant scaling in the future [66] Question: How do you see the power business performing for the remainder of the year? - The company remains confident in its guidance despite a slow start to the third quarter, with strong long-term demand dynamics expected [77]

Core Points - Aker Carbon Capture ASA held an extraordinary general meeting on August 5, 2025, where all resolutions were approved as proposed [1] - The company has decided to liquidate and apply for delisting from Euronext Oslo Børs, with liquidation expected to occur in the second half of 2025 [1] Meeting Details - The meeting was conducted digitally with online participation [1] - Minutes of the meeting are available for download on the company's investor relations website [2][3]

Core Insights - 1PointFive has announced a significant agreement with Palo Alto Networks for the purchase of 10,000 tons of carbon dioxide removal (CDR) credits over five years, highlighting the growing adoption of carbon removal technologies to combat emissions [1][2]. Group 1: Company Overview - 1PointFive is a Carbon Capture, Utilization, and Sequestration (CCUS) company focused on reducing global temperature rise to 1.5°C through various decarbonization solutions, including Direct Air Capture (DAC) technology [4]. Group 2: Agreement Details - The CDR credits for Palo Alto Networks will be generated from 1PointFive's STRATOS facility in Texas, which is set to commence operations this year, with the captured CO2 being stored through saline sequestration [2]. - The collaboration aims to enhance Palo Alto Networks' sustainability strategy and demonstrates a proactive approach towards innovative solutions for a greener future [3]. Group 3: Industry Context - The agreement signifies a momentum shift towards high-integrity carbon removal technologies, supporting the advancement of DAC technology in the United States [3].

Core Viewpoint - Aker Carbon Capture ASA is convening an extraordinary general meeting to discuss the liquidation of the company and the delisting of its shares from Euronext Oslo Børs [1]. Group 1: Meeting Details - The extraordinary general meeting is scheduled for August 5, 2025, at 12:00 (CEST) and will be conducted virtually [1][2]. - Shareholders can participate, vote, and ask questions online using various devices [2]. - No pre-registration is required, but eligible shareholders are encouraged to register by August 1, 2025, at 16:00 (CEST) [3]. Group 2: Documentation and Participation - The notice of the extraordinary general meeting includes proposed resolutions from the Board of Directors and a proxy form [4]. - All relevant documents and the participation link will be available on the company's website [4]. - For further inquiries, contact information for media and investors is provided [4].

Core Viewpoint - Aker Carbon Capture ASA (ACC ASA) has made significant strategic decisions, including divesting its stake in SLB Capturi AS and proposing liquidation, which reflects a shift in the company's operational focus and financial strategy [1][3]. Financial Performance - In Q2 2025, ACC ASA reported a cash position of NOK 102 million, adjusted for NOK 90 million in remaining dividend withholding tax, and an equity position of NOK 92 million [4]. - The company proposed a dividend payment of approximately NOK 1.7 billion, which was approved by shareholders and distributed as NOK 2.86 per share on June 20, 2025 [2]. Strategic Decisions - ACC ASA divested its 20% ownership stake in SLB Capturi AS to Aker, completing the sale on May 14, 2025 [1][5]. - The Board of Directors proposed the liquidation of the company, with plans to distribute remaining cash to shareholders and apply for delisting from Euronext Oslo Børs [3]. Corporate Background - Aker Carbon Capture ASA was established in 2020, leveraging over 20 years of experience in carbon capture technology [4]. - The joint venture SLB Capturi was formed in June 2024, with SLB holding an 80% stake and ACC ASA indirectly owning 20% through its subsidiary [4].