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.
FPX Nickel Subsidiary CO2 Lock Corp. Secures B.C. Site and Completes Kinetic Testing for Standalone Carbon Capture and Storage Project
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.
FPX Nickel Announces Global Generative Exploration Alliance with JOGMEC
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.
FPX Nickel Announces Inclusion in New Sprott Asset Management Nickel Miners ETF
Vancouver, March 23, 2023 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to announce that it has been included in the newly launched Sprott Asset Management LP Nickel Miners ETF (“NIKL”), a U.S.-listed ETF focused on nickel companies that are providing a critical mineral necessary for the clean energy transition.
FPX Nickel Receives Funding from Government of Canada to Scale Up Production of Nickel and Cobalt for EV Battery Supply Chain
Vancouver, March 8, 2023 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to announce that it has received funding from the Government of Canada to accelerate demonstration of the technical and commercial viability to produce nickel sulphate and cobalt hydroxide for the electric vehicle (“EV”) battery supply chain from the Company’s Baptiste Nickel Project (“Baptiste” or the “Project”) in central British Columbia. On completion of a competitive application process, FPX has been awarded $725,000 by Natural Resources Canada (“NRCan”) under the Government of Canada’s Critical Minerals Research, Development and Demonstration (“CMRDD”) program, designed to assist the development of critical minerals supply chains to contribute to Canada’s goal of being a net-zero carbon emitter.