FPX Nickel - News Releases

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Vancouver, March 17, 2021 – FPX Nickel Corp. (FPX-TSX.V) (“FPX” or the “Company”) announces that it has entered into an agreement with Paradigm Capital Inc. and Cormark Securities Inc. (the “Underwriters”), pursuant to which the Underwriters will purchase, on a bought deal basis, 15,385,000 common shares (the “Common Shares”) at an offering price of $0.65 per Common Share (the “Issue Price”) for gross proceeds of approximately $10 million (the “Offering”).

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Vancouver, March 17, 2021 – FPX Nickel Corp. (FPX-TSX.V) (“FPX” or the “Company”) announces that, further to its news release dated September 9, 2020 and review by the British Columbia Securities Commission, it has filed an amended preliminary economic assessment (“PEA”) technical report (the “Amended Report”) for the Baptiste Project at its wholly-owned Decar Nickel District in central British Columbia.  The amendment has not impacted the material components of the PEA, notably resources, metallurgy, mine plan, cost estimates, economic analysis and environmental matters.

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Vancouver, February 16, 2021 – FPX Nickel Corp. (FPX-TSX.V) (“FPX” or the “Company”) is pleased to report the results of initial field tests which demonstrate the potential for significant direct air carbon capture in tailings at its Baptiste Project in the Decar Nickel District in central British Columbia.  The field tests, conducted by researchers from the University of British Columbia (“UBC”) funded by FPX and the Government of Canada, demonstrate that the Baptiste Project’s tailings can sequester significant quantities of carbon dioxide (“CO₂”) when exposed to air through a natural process of mineral carbonation.

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Vancouver, February 11, 2021 – FPX Nickel Corp. (FPX-TSX.V) (“FPX” or the “Company”) is pleased to report that, as announced in its January 20, 2021 news release, the Company has issued 5,312,386 common shares of the Company in settlement (the “Debt Conversion”) of the $3,453,051 principal and interest owing on the long-term loan provided to the Company by a Private Shareholder (the “Private Shareholder Loan”).  On completing the Debt Conversion, the Private Shareholder Loan has been extinguished and the Company is now debt-free.

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, January 20, 2021 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to announce that it intends to convert the full amount of principal and interest owing on the long-term loan provided to the Company by a Private Shareholder (the “Private Shareholder Loan”), totalling approximately $3,453,051, into 5,312,386 common shares of the Company at a price of C$0.65 per share (the “Debt Conversion”).  On completion of the Debt Conversion, the Private Shareholder Loan will be extinguished and the Company will be debt-free.

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