FPX Nickel - Nickel Mining Company

Vancouver, May 30, 2023 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to announce that it has closed a private placement financing (the “Private Placement”) with a new cornerstone strategic investor, the major global stainless steel producer Outokumpu Oyj (“Outokumpu”).

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Vancouver, May 17, 2023 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to announce the achievement of a significant milestone in the production of battery-grade nickel sulphate from its Baptiste Nickel Project (“Baptiste” or the “Project”) in central British Columbia.  FPX’s hydrometallurgical testwork program has resulted in substantial improvements to the refinery flowsheet for the processing of Baptiste’s awaruite nickel concentrate, centred in the optimization of the leaching circuit and the resultant simplification of downstream purification requirements.  In addition to demonstrating that awaruite’s unique properties lead to an efficient route for producing battery-grade nickel sulphate, the program successfully produced cobalt and copper by-products, which both represent new potential value sources for Baptiste.

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Vancouver, May 3, 2023 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to present results from a recently completed metallurgical testwork program which confirms that the Baptiste nickel resource has been comprehensively modelled for magnetic recovery across all mine phases, thereby achieving a high degree of confidence for projected magnetic separation recoveries across the entire mine life.  The testwork utilized representative samples from all production phases of the planned Baptiste Nickel Project (“Baptiste”) mine plan and was conducted using the process flowsheet and design criteria from the in-progress Baptiste preliminary feasibility study (“PFS”).  Testwork results clearly demonstrate the Davis Tube Recovery (“DTR”) assaying procedure is an excellent proxy for magnetic nickel recovery for Baptiste material, and that the Baptiste resource is very consistent in terms of magnetic nickel recovery, therefore providing heightened confidence in the estimated metal production profile and resultant cash flow across the entire mine life.

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Vancouver, April 24, 2023 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to provide an update on the activities of CO2 Lock Corp. (“CO2 Lock”), its majority-owned subsidiary focused on establishing standalone operations for the permanent storage of carbon dioxide in brucite-rich serpentinized peridotite (“BRSP”) host rock.  Since its founding in 2022, CO2 Lock has made significant progress in two important respects, acquiring a highly prospective land package in central British Columbia for future carbon capture and storage (“CCS”) operations, and completing laboratory testwork to demonstrate that the superior carbon reactivity of brucite can lead to permanent carbon storage with significant advantages over nature-based and other geologic solutions.

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Vancouver, April 3, 2023 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to announce that it has entered into a Global Generative Exploration Alliance (the “Generative Alliance”) with Japan Organization for Metals and Energy Security (“JOGMEC”).  The purpose of the Generative Alliance, which will be solely funded by JOGMEC, is to carry out worldwide mineral exploration activities for the identification and acquisition of high-quality properties which are prospective for the same style of awaruite nickel mineralization as contained at the Company’s flagship Baptiste Nickel Project (“Baptiste”) in central British Columbia.

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