Vancouver, January 7, 2020 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to report that successful leach testing of high-grade nickel concentrates from its 100%-owned Decar Nickel District (the “Project”) has confirmed nickel recoveries up to 99.5% in producing a high-concentration nickel-cobalt chemical solution suitable for the electric vehicle (“EV”) battery supply chain. The results of this test program position Decar as a potentially significant supplier of nickel for both the stainless steel and the EV battery markets.
FPX Nickel Commences Leach Testing of Nickel Concentrates for the Production of High-Grade Nickel Solution
Vancouver, October 30, 2019 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to report that it will undertake pressure leaching test work to evaluate the amenability of leaching high-grade nickel concentrates from its 100%-owned Decar Nickel District (the “Project”). If successful, this test work will position Decar as a potentially significant supplier of nickel for the electric vehicle battery market.
FPX Nickel Closes Over-Subscribed Private Placement for $1,250,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, September 17, 2019 – FPX Nickel Corp. (FPX-TSX.V) (“FPX” or the “Company”) is pleased to report that it has closed its previously announced non-brokered private placement of 8,333,333 shares at $0.15 per share for gross proceeds of $1,250,000 (the “Offering”). The Company expanded the originally announced private placement from 8,000,000 shares to 8,333,333 shares for gross proceeds of $1,250,000 (see FPX’s news releases dated August 22 and August 23, 2019).
FPX Nickel Announces Closing of Long-Term Debt Refinancing
Vancouver, September 4, 2019 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to announce that, further to its announcement on March 25, 2019, it has closed the amended and new loan agreements to extend the maturity of its long-term debt from September 4, 2020 to September 4, 2022 and September 4, 2025. The Company’s debt refinancing is underpinned by a C$4 million loan (the “Bradshaw Loan”) from Peter Bradshaw, the Company’s Chairman and largest shareholder, on terms consistent with the Company’s arm’s length long-term debt.
FPX Nickel Increases Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, August 23, 2019 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to announce that as a result of positive investor response to its previously announced private placement offering of 8,000,000 common shares (“Common Shares”) of the Company at a price of $0.15 per Common Share (the “Issue Price”) for gross proceeds of $1,200,000 (see news release dated August 22, 2019), the Company has decided to increase the size of the offering up to a maximum of 8,333,333 Common Shares at the Issue Price, for aggregate gross proceeds of up to $1,250,000 (the “Private Placement”). The Private Placement is expected to close in September 2019.