FPX Nickel Corp. trades on the TSX-V under the symbol FPX

As a consequence of a decline in the nickel price between 2011 and 2015, there are very few nickel stocks to buy in Canada or in the USA. With the significant rise in the nickel price since the beginning of 2016, FPX Nickel Corp. is one of the few pure-play nickel stocks to buy on the TSX and the TSX-V. Nickel mining stocks in Canada and the USA include a few diversified mining companies and a handful of junior companies, including FPX Nickel Corp.

FPX Nickel Corp. is a nickel stock focused on the advancement of its 100%-owned, PEA-stage Decar Nickel District in central British Columbia, Canada. From November 2009 to November 2015, FPX Nickel’s former joint venture partner Cliffs Natural Resources spent approximately US$22 million to earn its 60% interest in the Decar district.  On November 18, 2015, the Company closed a transaction with affiliated companies of Cliffs to purchase Cliffs’ 60% ownership of the Decar district, for an acquisition price of US $4.75 million.

We believe that Decar is the most attractive undeveloped nickel asset in the world, truly a tier-1 asset due to the size of the ore body (supporting a top-15 annual nickel producer over a 25+ year mine life) and bottom-quartile operating costs (C$3.23 on-site operating costs in the 2013 PEA).

FPX Nickel’s strategy is to continue to demonstrate the technical and economic feasibility of the project, and to commence the permitting process, so that as the nickel price continues to rise, the market will begin to value FPX Nickel stock more appropriately. This will give the Company a better basis on which to raise funds to advance the project on our own, or to advance the asset with a senior partner.

FPX Nickel continues to advance this metallurgical program through further optimization testing and trade-off studies to optimize the components of an updated mine plan for the Decar Project.