FPX Nickel Announces Appointment of Principal Metallurgist - Kyle Marte, Former Senior Process Engineer with Fluor

FPX Nickel Announces Appointment of Principal Metallurgist - Kyle Marte, Former Senior Process Engineer with Fluor

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the appointment of Kyle Marte P. Eng., as the Company's Principal Metallurgist.  Mr. Marte, formerly Senior Process Engineer with Fluor Canada Ltd. specializing in the metallurgical recovery of base and battery metals, will lead the advancement of the metallurgical understanding of FPX's projects, including the PEA-stage Baptiste Nickel Project in central British Columbia .

FPX Nickel Corp. Logo (CNW Group/FPX Nickel Corp.)

"We are excited to welcome Kyle to our growing team and look forward to leveraging his in-depth understanding of concentrator and hydrometallurgical processes in both base and battery metals," commented Andrew Osterloh , FPX Nickel's Vice-President, Projects. "After spending the early part of his career focused in copper, Kyle has since focused on projects in the battery metal sphere, acting as a lead process engineer for some of the world's largest mining companies from concept studies through to detailed design. As we continue the development of an optimized flowsheet for our flagship Baptiste project, Kyle will play a critical role in advancing the opportunity for FPX to be a leading producer of low-cost, low-carbon nickel sulphate for electric vehicle batteries."

Mr. Marte has 15 years' mining industry experience in mineral processing and hydrometallurgy.  In his role as Senior Process Engineer for Fluor, he led the metallurgical development for several base and battery metal projects for clients including, South32, ioneer, Albermarle, and Freeport McMoRan.  Prior to joining Fluor, Mr. Marte acted as Senior Process Engineer at Wood (formerly Amec Foster Wheeler), where he led and/or supported process engineering for clients including Teck, Rio Tinto and Lundin Mining.  Earlier in his career, he was the Lead Process Engineer for the Baja Mining Owner's Team on the Boleo project, supporting detailed design and commissioning of a whole-ore refinery producing copper cathode, cobalt cathode, and zinc sulphate salts.  Mr. Marte is a Member of the Association of Professional Engineers and Geoscientists of British Columbia and holds a Bachelor of Applied Science in Metals and Materials Engineering from the University of British Columbia .

FPX has granted 250,000 stock options to Mr. Marte. The stock options have an exercise price of $0.75 per share and will expire on March 4, 2027 .

About the Decar Nickel District

The Company's Decar Nickel District claims cover 245 km 2 of the Mount Sidney Williams ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia . The District is a two-hour drive from Fort St. James on a high-speed logging road.

Decar hosts a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite (Ni 3 Fe), which is amenable to bulk-tonnage, open-pit mining. Awaruite mineralization has been identified in four target areas within this ophiolite complex, being the Baptiste Deposit, and the B, Sid and Van targets, as confirmed by drilling, petrographic examination, electron probe analyses and outcrop sampling on all four.  Since 2010, approximately US $28 million has been spent on the exploration and development of Decar.

Of the four targets in the Decar Nickel District, the Baptiste Deposit, which was initially the most accessible and had the biggest known surface footprint, has been the focus of diamond drilling since 2010, with a total of 82 holes and over 34,000 m of drilling completed. The Sid target was tested with two holes in 2010 and the B target had a single hole drilled in 2011; all three holes intersected nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the Baptiste Deposit.  The Van target was not drill-tested at that time as bedrock exposures in the area were very poor prior to more recent logging activity. In 2021, the Company executed a maiden drilling program at Van, which has returned promising results comparable with the strongest results at Baptiste.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.fpxnickel.com .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements
Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/March2022/07/c9446.html

News Provided by Canada Newswire via QuoteMedia

FPX:CA
FPX Nickel

FPX Nickel Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
FPX Nickel (TSXV:FPX)

FPX Nickel


Keep reading...Show less
FPX Nickel Announces Approval of Normal Course Issuer Bid

FPX Nickel Announces Approval of Normal Course Issuer Bid

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce that it has received approval from the TSX Venture Exchange (the " Exchange ") to proceed with its Normal Course Issuer Bid (the " NCIB ") previously announced on December 2, 2024 .

FPX Nickel logo (CNW Group/FPX Nickel Corp.)

Under the NCIB, the Company may acquire up to 5,000,000 common shares (" Common Shares "), representing approximately 2% of the current public float of the Common Shares, over the 12-month period commencing December 5, 2024 , and ending on December 5, 2025 .

Purchases of Common Shares will be carried out in the open market through the facilities of the Exchange, in compliance with regulatory requirements at the prevailing market price of the Common Shares at the time of acquisition. The actual number of Common Shares that may be purchased for cancellation and the timing of any such purchases will be determined by the Company and dependent on market conditions. The NCIB will be conducted through Cormark Securities Inc. and made in accordance with the policies of the Exchange.

The funding for any purchases pursuant to the NCIB will be from the available funds of the Company. To the Company's knowledge, none of the directors, senior officers, or other insiders of the Company, has any present intention to sell any Common Shares during the course of the NCIB. During the past 12 months, no Common Shares were purchased by the Company.

The Company is commencing the NCIB because it believes that the market price of its Common Shares is undervalued and does not reflect the value of the Company's assets and future prospects and that the purchase of Common Shares under the NCIB is in the best interest of the Company, a desirable use of its available cash, and will enhance shareholder value in general.

About FPX Nickel Corp.

FPX Nickel Corp.  is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.  For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director
Email: ceo@fpxnickel.com
Phone: 604-681-8600

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Certain information contained in this press release may constitute forward-looking information under applicable securities laws, including statements related to the Company's NCIB, including the dates and duration of the NCIB and the purchases of Common Shares made thereunder, the continued advancement of Baptiste, and driving additional value to shareholders, advancing global exploration joint venture and other statements that are not historical facts. Often but not always, forward-looking statements can be identified by the use of forward-looking terminology such as "may", "will", "expect", "believe", "estimate", "plan", "could", "should", "would", "outlook", "forecast", "anticipate", "foresee", "continue" or the negative of these terms or variations of them or similar terminology. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release.

Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the "Risk Factors" section of the Company's annual information form dated April 26, 2024 for the year ended December 31, 2023 (the "AIF"). A copy of the AIF and the Company's other publicly filed documents which can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca .  In addition, there can be no assurance that the Company will repurchase all or any of the Common Shares referred to in this press release under the NCIB. In particular, the purchase by the Company of Common Shares pursuant to the NCIB will depend, among others, on the prevailing market price from time to time of the Common Shares.  There can also be no certainty that purchases of Common shares under the NCIB will achieve the desired objectives.  In addition, the Company's expectations with respect to Baptiste may be different than anticipated.

The Company cautions that the list of risk factors and uncertainties described in the AIF and the Company's other publicly filed documents is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. The forward-looking information contained in this press release represents our expectations as of the date of this press release (or as the date they are otherwise stated to be made), and are subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/03/c9104.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
FPX Nickel Leverages Strong Balance Sheet and Intends to Launch Normal Course Issuer Bid

FPX Nickel Leverages Strong Balance Sheet and Intends to Launch Normal Course Issuer Bid

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce that the Company's board of directors has authorized a Normal Course Issuer Bid (the " NCIB ") to purchase for cancellation, from time to time, as the Company considers advisable, up to 5,000,000 common shares (" Common Shares ") of the Company, representing approximately 2% of the current public float of the Common Shares. The NCIB is subject to approval of the TSX Venture Exchange (the " Exchange "), and the Company has filed a notice of intention with the Exchange in this regard.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
FPX Nickel Rock Sampling Program Establishes Mich Property as Compelling Large-Scale Target with Surface Grades Comparable to Flagship Baptiste Nickel Project

FPX Nickel Rock Sampling Program Establishes Mich Property as Compelling Large-Scale Target with Surface Grades Comparable to Flagship Baptiste Nickel Project

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the results of a grid-based rock sampling program at the 100% owned Mich property in the Yukon territory.  This program has both expanded the footprint of known awaruite mineralization and identified new areas of awaruite mineralization beyond the previous claims boundary. Based on the expanded database of Mich rock sampling results, the grade profile of surface rock samples at Mich is now considered comparable with similar samples at FPX's flagship Baptiste Nickel Project (" Baptiste ") in British Columbia .

Highlights

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
FPX Nickel Expands Land Packages at the Decar Nickel District and Klow Project in Central British Columbia

FPX Nickel Expands Land Packages at the Decar Nickel District and Klow Project in Central British Columbia

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce an expansion that almost doubles the mineral claims package at the Baptiste Nickel Project (" Baptiste " or the " Project "), located within the Company's wholly-owned Decar Nickel District (" Decar ").  The total area of the Decar claims package is now approximately 451 km 2 providing several benefits to the development of Baptiste, including geological potential, project development flexibility, and simplification of the regional engagement landscape.

Decar Nickel District Expansion

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
FPX Nickel Produces Battery-Grade Nickel Sulphate and Successfully Completes Pilot-Scale Refinery Testwork

FPX Nickel Produces Battery-Grade Nickel Sulphate and Successfully Completes Pilot-Scale Refinery Testwork

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce that it has successfully completed pilot-scale hydrometallurgy refinery testwork and produced battery-grade nickel sulphate from its Baptiste Nickel Project (" Baptiste " or the " Project ").  Following on the Company's successful 2023 bench-scale hydrometallurgy refining testwork program, the 2024 pilot plant represents a significant step forward in demonstrating the technical maturity of refining Baptiste's awaruite concentrate.  This milestone marks completion of the campaign funded in part by a grant from Natural Resources Canada (" NRCan ") under the Government of Canada's Critical Minerals Research, Development and Demonstration (" CMRDD ") program, which is advancing the commercial readiness of processing technologies to support the development of Canada's EV battery material supply chain.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
A lithium-ion battery in the foreground with a line of batteries in the background, all surrounded by blue swirls.

ASX Cobalt Stocks: 4 Biggest Companies in 2024

Strong electric vehicle (EV) sales have been driving up demand for key battery raw materials in recent years. EVs require lithium-ion batteries to run, and each battery could contain up to 15 kilograms of cobalt.

This means that as demand for EVs increases, so too will demand for cobalt — and, as one of the top four cobalt-producing countries in the world, Australia finds itself in a position to capitalise on this demand.

About 74 percent of global cobalt output comes from the Democratic Republic of Congo (DRC). However, Australia is proving to be a solid contender; though it is only responsible for 2 percent of the world’s cobalt production, it holds about 15.5 percent of global reserves. Moreover, while the DRC’s labour and mining practices have often been labeled unethical and unsustainable, Australian miners are focused on safer, more environmentally friendly practices.

Keep reading...Show less

Glencore's Lomas Bayas Partners with Ceibo to Accelerate Access to Clean Copper

Following a two-year study, Glencore to scale the use of Ceibo's sulfide leaching technology   that significantly improves copper recovery

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Arrows progressing in a downward fashion.

Cobalt Price Recovery Uncertain as Battery Chemistry Shifts Erode Demand

Cobalt market watchers are warning that a near-term resurgence in prices and demand may not occur.

Cobalt prices have spent most of 2024 on the decline, falling to lows not seen since 2016. Values for the electric vehicle (EV) battery metal have fallen 74 percent from highs set in 2022 (US$81,969.70 per metric ton).

Prices are now sitting at the US$23,383.80 per metric ton level, an eight year low.

Keep reading...Show less
Cobalt periodic symbol over map of the world.

Top 10 Cobalt Producers by Country (Updated 2024)

Battery metal cobalt has been in focus in recent years for its role in lithium-ion batteries, bringing attention to the top cobalt producing countries.

One of the metal’s main catalysts is the electric vehicle roll out. The lithium-ion batteries that power electric vehicles and energy storage require lithium, graphite and cobalt, among other raw materials, and demand for these important commodities is expected to keep rising as the shift toward clean technologies continues at a global scale.

Additionally, the metal is predominantly produced as a by-product of copper and nickel, two other metals that are important for the green transition.

However, supply growth in many of the battery metals has out scaled near-term demand, leading to a price pullback over the last two years. The cobalt market has trended downwards in 2024, with prices falling 10 percent from July to September.

Keep reading...Show less
Electric vehicle with world map behind it.

Cobalt Market Update: Q3 2024 in Review

A contraction continued in the cobalt market during the year's third quarter, with metal values falling from US$27,151.50 per metric ton (MT) on July 1 to US$24,299 by the end of September.

The 10 percent decline is part of a larger 16.56 percent year-to-date contraction.

“This quarter saw minimal pricing movements as the market experienced a prolonged period of low prices,” said Roman Aubry, cobalt pricing analyst at Benchmark Mineral Intelligence.

Keep reading...Show less
High Tech Metals Limited

Quarterly Activities Report and Appendix 5B for the Period Ending 30 September 2024

High-Tech Metals Limited (ASX: HTM) (High-Tech, HTM or the Company), a critical battery minerals exploration Company, is pleased to provide the following report on its activities for the Quarter ending 30 September 2024 (“Quarter”). The Company’s primary activities during the quarter were the desktop review of Werner Lake Project, Canada, (“Werner Lake”).

Keep reading...Show less
FPX Nickel

FPX Nickel Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×