Vancouver, September 8, 2014 — First Point Minerals Corp.’s (FPX-TSX) (“First Point” or the “Company”) Board of Directors has approved the granting of stock options to directors, officers and employees for a total of 1,375,000 shares. The grants are being made pursuant to the Company’s incentive stock option plan which provides for the granting of options to directors, officers and employees of the Company. The options are effective September 5, 2014, have an exercise price of $0.15 per share and expire September 5, 2019.
Vancouver, September 4, 2014 — First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) is pleased to provide an update on its 2014 exploration activities and plans to advance its 100%-owned Mich nickel-iron alloy (“awaruite”) property, located 50 kilometres southeast of Whitehorse in the southern Yukon Territory.
Preparations are being made to conduct a helicopter-supported drilling program this month at Mich, consisting of approximately 1,000 metres. The 2014 fall program is designed to test the central portion of the key target area, with two angled holes drilled in opposite directions from the same set-up.
Vancouver, August 27, 2014 – First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) is pleased to provide a corporate update on activities at its 40%-owned Decar nickel project (“Decar” or the “Project”), located in central British Columbia.
Decar is under option to Cliffs Natural Resources Exploration Canada Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE: CLF) (“Cliffs”), pursuant to an option agreement entered into in November 2009. After spending $22 million to date and completing a Preliminary Economic Assessment (“PEA”), Cliffs has earned a 60% interest in the Project and is the operator. In September 2013, Cliffs elected to proceed to the Pre-Feasibility Study (“PFS”) phase. By sole funding completion of a NI 43-101 compliant PFS by August 2015, Cliffs has the option to earn an additional 5% interest in the Decar project and maintains the right to earn a further 10% interest by sole funding a bankable feasibility study.
Vancouver, May 16, 2014 — First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) is pleased to report that all of the nominees listed in its information circular dated April 15, 2014 were elected as directors of First Point at the Company’s annual general meeting of shareholders held in Vancouver on May 14, 2014 (the “Meeting”).
Vancouver, April 22, 2014 – First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) is pleased to announce the positive results from an initial market test of awaruite (nickel-iron alloy) concentrates produced from a bulk sample from the Company’s 40%-owned Decar project (“Decar”, or “the Project”) in central British Columbia. Each of the six potential consumers participating in the test indicated satisfactory technical success in their analysis and test processing of the concentrates, which had never before been presented to potential offtakers for evaluation. Alternative process routes examined included blending as feedstock to ferronickel production and direct feed to stainless steel circuits. The majority provided indicative commercial terms for the purchase of such concentrates. All participants expressed interest in continuing discussions around potential long term availability of Decar concentrates on the world market for nickel products. The identities of the participating companies are commercially sensitive and are being held confidential.