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
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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.
FPX Nickel Announces $1,200,000 Financing
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Vancouver, August 22, 2019 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to announce that it has arranged a non-brokered private placement to raise gross proceeds of up to $1,200,000 (the “Offering”). The Offering will consist of up to 8,000,000 common shares (the “Shares”) at $0.15 per Share in the capital stock of the Company. Insiders of the Company intend to participate in the Offering.
FPX Nickel Metallurgical Optimization Achieves Significant Improvements in Recovery
Vancouver, August 6, 2019 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to announce excellent results from metallurgical optimization testing on the Baptiste Deposit at its 100%-owned Decar Nickel District (the “Project”) in central British Columbia. The metallurgical testing conducted during the March-to-July 2019 period achieved significant improvements over test results previously reported by the Company on February 25, 2019, confirming an estimated 4% increase in projected recoveries in the production of high-grade nickel and iron ore concentrates.
FPX Nickel-Supported Research Initiative Receives Government Grant to Investigate Carbon Capture and Storage
Vancouver, July 24, 2019 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to note the Government of Canada’s announcement that it will make a $2 million investment to support innovation in the study of carbon capture and storage at mining sites, including proposed field work at the Company’s Decar Nickel District in central British Columbia.