Vancouver, June 19, 2023 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to announce the appointment of Keith Patterson, P.Geo., as the Company’s Vice President of Generative Exploration. Mr. Patterson, formerly Director of Project Generation and Greenfield Strategy with Eldorado Gold, has worked as an exploration professional for over twenty-five years throughout North America, South America, Europe, and Asia. He will lead FPX’s newly formed global generative exploration alliance (the “Generative Alliance”) with Japan Organization for Metals and Security (“JOGMEC”) which aims to build on the successes of the Baptiste Nickel Project (“Baptiste”) by identifying new large-scale awaruite nickel deposits worldwide.
FPX Nickel Announces Full Exercise of Participation Right by Corporate Strategic Investor and Completion of Resultant Private Placement
Vancouver, June 7, 2023 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to announce that in connection with the $16 million strategic investment by Outokumpu Oyj (“Outokumpu”) announced on May 30, 2023, the Company’s existing Corporate Strategic Investor has exercised its participation right in full to re-establish a 9.95% ownership of FPX’s issued and outstanding common shares (“Common Shares”).
FPX Nickel Announces $16 Million Strategic Equity Investment from Major Global Stainless Steel Producer Outokumpu
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”).
FPX Nickel Achieves Successful Production of Battery-Grade Nickel Sulphate from Optimized Refinery Flowsheet
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.
FPX Nickel Reports Baptiste Metallurgical Variability Testwork, Achieving High Confidence in Projected Magnetic Separation Recovery Across Entire Mine Life
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.