- FPX Nickel is a Canadian resource company focused on exploring and developing its wholly-owned advanced development-stage Baptiste nickel project in the Decar Nickel District, central British Columbia.
- The company favorably leverages a low-cost operation and mining best practices. It operates one of the few major nickel deposits in the mining-friendly jurisdiction of British Columbia.
- The Baptiste property hosts high-grade nickel mineralization with low impurities and little to no sulfides. This production-quality asset has potential applications for direct feed to stainless steel or the electric vehicle battery market, with recoveries coming in at 98.8 percent to 99.5 percent.
- FPX Nickel operates a tight share structure consisting largely of management and other strategic high net-worth and institutional shareholders at approximately 18.5 percent and 35 percent holding, respectively.
- Baptiste’s amended PEA highlights the project’s potential to be among the world’s lowest-cost nickel mines in operating costs and capital intensity.
- FPX Nickel has engaged Next Mine Consulting Ltd. to prepare an updated mineral resource estimate for the Baptiste Project, which it expects to be completed in the fourth quarter of 2022.
Nickel plays a vital role in electric vehicle (EV) and battery manufacturing, a sector that sees rapid expansion year after year. Market research projects a growing nickel demand to reach upwards of 1.3 million metric tonnes per annum by 2030 as nickel content in electric vehicles increases to over 40 kilograms per car battery.
Despite its significant role in powering a global shift to greener energies, analysts also project an undersupply of nickel for the next several years due to decreasing production and a lack of new active mines. Mining companies operating high-grade nickel projects offer investors exposure to a market that has great economic growth and success potential.
One such company is FPX Nickel (TSXV:FPX, OTXQB:FPOCF), focused on exploring and developing its wholly owned advanced development-stage Tier 1 Baptiste project in the Decar Nickel District in central British Columbia. The company’s project developments demonstrate the Decar Nickel District’s potential to supply high-concentration nickel and cobalt sulfates suitable for the growing electric vehicle battery industry, as well as more traditional markets for nickel such as stainless steel.