FPX Nickel Scoping Study Outlines Development of World's Largest Integrated Nickel Sulphate Operation for EV Battery Supply Chain at Baptiste Project in British Columbia

FPX Nickel Scoping Study Outlines Development of World's Largest Integrated Nickel Sulphate Operation for EV Battery Supply Chain at Baptiste Project in British Columbia

 
 

FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the results of an internal engineering scoping study (" the Study ") evaluating the production of nickel sulphate for the electric vehicle (" EV ") battery supply chain from the high-grade awaruite nickel concentrate to be produced by the Company's Baptiste Nickel Project (" Baptiste " or " the Project ") in central British Columbia.  The Study highlights FPX's potential to develop the world's largest integrated nickel sulphate production facility, linking the Company directly into the EV battery supply chain via the production of low-cost, low-carbon nickel sulphate over Baptiste's projected 35-year mine life.

 

  Highlights  
 
  • Development of an integrated nickel operation at Baptiste producing approximately 43,500 tonnes of nickel contained in nickel sulphate per annum, enough to fulfill approximately 17% of the projected North American EV battery demand for nickel in 2030 (according to Goldman Sachs 1 )
  •  
  • Study outlines conventional hydrometallurgical flowsheet for production of high-purity nickel sulphate directly from Baptiste's high grade awaruite nickel concentrate (60-65% nickel), without the intermediate smelting typically required for sulphide concentrates or the extensive, aggressive pressure oxidation conditions required for laterite ores and sulphide concentrates
  •  
  • Anticipated capital costs for nickel sulphate production expected to be competitive with large-scale refinery operation recently developed by Terrafame ( Finland )
  •  
  • Nickel sulphate production at Baptiste is expected to be more environmentally sustainable than traditional production methods for nickel sulphate, with reduced carbon intensity, fewer supply chain participants, and synergies with an integrated site
  •  

"This scoping study demonstrates that Baptiste could become a globally significant producer of low-cost, low-carbon nickel for electric vehicles for decades to come," commented Martin Turenne , FPX's President and CEO.  "Baptiste's awaruite nickel mineralization has clear technical advantages over sulphide and laterite ores for producing nickel sulphate, offering a lower-cost, lower-carbon path from mine-to-market in the EV battery supply chain. Given its extremely high nickel content (over 60% nickel) and low levels of impurities, our high-grade nickel concentrate has distinct advantages over low-grade nickel sulphide concentrates (under 20% nickel), and is already comparable to intermediate nickel sulphate feedstocks like mixed hydroxide precipitate (" MHP "), mixed sulphide precipitate (" MSP "), or nickel matte.

 

"We look forward to continued engagement with downstream participants in the EV battery supply chain, including chemical companies, battery makers and automotive OEMs, and expect to incorporate the results of this internal scoping study into the next stage of formal project study for Baptiste, with a new National Instrument 43-101 technical report anticipated in the first half of 2023."

 
  Awaruite – An Advantageous Nickel Feedstock  
 

Nickel mineralization at Baptiste is primarily present in awaruite (Ni 3 Fe), a nickel-iron alloy composed of 75% nickel and 25% iron. In comparison to typical nickel sulphide concentrates, the Baptiste awaruite nickel concentrate is notable for its extremely high nickel content and low level of sulphur and associated impurities, as shown in Table 1.

 

  Table 1 – Select Elemental and Mineral Content for Baptiste Nickel Concentrate and Typical Nickel Sulphide Concentrates  

 
 
                     
 

   Elements and Minerals   

 
 

   Baptiste Awaruite
Nickel Concentrate
 
 

 
 

   Nickel Sulphide
Concentrates
 
 

 
 

  Nickel (Ni)  

 
 

  60-65%  

 
 

  8-21%  

 
 

  Iron (Fe)  

 
 

  30-32%  

 
 

  25-41%  

 
 

  Sulphur (S)  

 
 

  0.6 %  

 
 

  14-31%  

 
 

  Cobalt (Co)  

 
 

  1 %  

 
 

  0-1.2%  

 
 

  Copper (Cu)  

 
 

  0.5 %  

 
 

  0-5.0%  

 
 

  Magnesium Oxide (MgO)  

 
 

  1 %  

 
 

  4-10%  

 
 
 

As described in the Company's January 7, 2020 news release, successful pressure leach testwork on Baptiste's awaruite nickel concentrate was undertaken by Sherritt Technologies (" Sherritt ").  These tests demonstrated awaruite has favourable leaching characteristics, with up to 99% nickel extraction under moderate conditions and short treatment times.  In addition, these tests demonstrated that the expected pregnant leach solution will contain low levels of impurities, allowing the utilization of conventional downstream unit operations for the production of nickel sulphate.

 

The favourable leaching characteristics of Baptiste's awaruite nickel concentrate, relative to a nickel sulphide concentrate, arises from the absence of sulphur in the awaruite mineral.  While leaching of nickel sulphide concentrates is industrially proven, as demonstrated by Vale's Long Harbour refinery, they require more aggressive leaching conditions owing to the inherently refractory nature of sulphide minerals.  Further to the simpler processing route, the significantly higher nickel grade of awaruite translates to a reduced plant size for a given nickel output.

 
  Engineering Study Evaluating Nickel Sulphate Production  
 
   Strategy and Basis   
 

Upstream of EV battery manufacturers are chemical plants producing P-CAM (precursor cathode active material) and CAM (cathode active material) for inclusion into the battery cathode cells.  These chemical plants require nickel feedstock to produce P-CAM and CAM, with a preference for nickel sulphate specifically.

 

FPX engaged Ausenco Engineering Canada Ltd. (" Ausenco ") to complete an independent scoping study evaluating upgrading the high-grade Baptiste awaruite nickel concentrate to nickel sulphate. The Study evaluated options for producing nickel sulphate in either crystal form (Option 1) or solution form (Option 2), including an assessment of the various technical, economic and strategic considerations of each alternative.  Figure 1 below provides a conceptual product flow diagram for each Option's integration into the EV battery supply chain.

 
 

  Figure 1 – Product Flow for Integration of FPX Nickel Concentrate in EV Battery Supply Chain (CNW Group/FPX Nickel Corp.) 

 
 

Option 1 entails the production of nickel sulphate crystals at a hydrometallurgical refinery to be located either at the Baptiste site or a separate off-site location.  The primary advantage of producing nickel sulphate in crystal form (versus Option 2's solution form) is the greater flexibility for servicing multiple downstream users, which is a tangible consideration considering the significant potential annual production volume from Baptiste (nominally 43,500 tonnes per year of nickel contained in approximately 200,000 tonnes per year of nickel sulphate crystal grading 22% nickel).

 

Option 2 is based on the transport of Baptiste concentrate to a refinery co-located with P-CAM and CAM manufacturing facilities (and potentially downstream battery cell manufacturing and battery pack assembly facilities).  In this scenario, the refinery would produce a nickel sulphate solution, which would then be directly fed to an adjacent chemical plant producing P-CAM and CAM.  The primary advantage of Option 2 is the potential synergies of co-locating refining, P-CAM, and CAM facilities in a common location.

 

In addition to the production of nickel sulphate, the Study also evaluated the capture of cobalt units into a cobalt intermediate product, representing a new by-product opportunity for the Project.

 
   Processing Concept   
 

The Study envisioned a processing concept with a conventional flowsheet, including unit operations of leaching, purification, solvent extraction, and crystallization.  The process envisioned in the Study is also broadly comparable with the recently constructed Terrafame nickel refinery, which treats a mixed sulphide precipitate (" MSP ") product, with nickel intermediates such as MSP having broadly comparable processing requirements to Baptiste's awaruite nickel concentrate, as presented in Table 2.

 

  Table 2 – Comparison of Baptiste's Awaruite Nickel Concentrate and Typical MSP Feedstock  

 
 
            
 
 

   Baptiste Awaruite   

 

   Nickel Concentrate   

 
 

   Typical MSP   

 

   Feedstock   

 
 

  Composition  

 

  Nickel (Ni)  

 

  Iron (Fe)  

 

    Sulphur (S)  

 

  Cobalt (Co)  

 

  Copper (Cu)  

 

  Magnesium Oxide (MgO)  

 
 

  60-65%  

 

  30-32%  

 

  0.6%  

 

  1.0%  

 

  0.5%  

 

  1%  

 
 

  55%  

 

  0.1-0.2%  

 

  33%  

 

  1-5%  

 

  

 

  

 
 

  Pressure Leaching Requirements:  

 

  Pressure (kpag)  

 

  Temperature (°C)  

 

  Residence Time (hours)  

 
 

  750  

 

  150  

 

  1.5  

 
 

  1,200-1,500  

 

  160-180  

 

  2.5  

 
 

  Pregnant Leach Solution:  

 

  Nickel (g/L)  

 

  Iron (g/L)  

 

  Free Sulphuric Acid (g/L)  

 
 

  60-70  

 

  2.0  

 

  10-25  

 
 

  80  

 

  0.5  

 

  20-30  

 
 
 

 

 

Selection of the process design, equipment sizing and reagent quantities in the Study was based on a review of previous testwork, internal databases, and benchmarking against similarly-sized nickel sulphate operations, including Terrafame's refinery in Finland and BHP's Kwinana refinery in Australia.  The FPX Study developed overall flowsheets, mass and energy balances, key mechanical equipment lists, general arrangement layouts, capital cost estimates, and operating cost estimates.

 

Figure 2 presents a comparison of the Study's processing concept to the comparable Terrafame processing concept, with key differences highlighted.

 
 

  Figure 2 – Process Concepts – Baptiste and Terrafame Nickel Refineries (CNW Group/FPX Nickel Corp.) 

 
 
   Key Results   
 

Based on the Study's process design, the production of nickel sulphate from Baptiste's awaruite nickel concentrate is expected to achieve stage nickel recoveries of approximately 97%, resulting in the annual production of approximately 43,500 tonnes of nickel in nickel sulphate in the form of either crystals (Option 1) or solution (Option 2).  At this scale, Baptiste would significantly exceed the scale of the world's current largest nickel sulphate producers.

 

Further, the proposed design is expected to yield cobalt recoveries from flotation concentrate of approximately 95%, resulting in the annual production of approximately 650 tonnes of cobalt in either an MSP or MHP product grading 40-50% Co.  At this scale, Baptiste would become one of Canada's five largest cobalt operations, alongside nickel-cobalt mines operated by Glencore and Vale in central and eastern Canada .

 

Based on preliminary estimates developed for the Study, it is expected that the capital costs of nickel sulphate production at Baptiste will be competitive with the comparable Terrafame refinery in Finland , which was commissioned in 2021 (see Table 3).  Similarly, the Study's operating cost estimate in well aligned with other industry benchmarks.

 

  Table 3 – Key Parameters for Recent and Planned Nickel Sulphate Refinery Operations  

 
 
                        
 
 

   Baptiste   

 
 

   Terrafame   

 
 

  Basis  

 
 

  Independent scoping  

 

  study  

 
 

  Constructed  

 
 

  Location  

 
 

  Canada  

 
 

  Finland  

 
 

  Feedstock  

 
 

  Awaruite concentrate  

 

  60-65% Ni  

 
 

  MSP  

 

  55% Ni  

 
 

  Production (tpa nickel contained in  

 

  nickel sulphate)  

 
 

  43,500  

 
 

  37,400 2  

 
 

  Capital Cost (USD, millions)  

 
 

  Internal Estimates  

 
 

  $333 3  

 
 

  Capital Intensity (USD / tpa nickel)  

 
 

  Internal Estimates  

 
 

  $8,900  

 
 

  Operating Cost (USD / lb nickel)  

 
 

  Internal Estimates  

 
 

  Not published  

 
 
 

The production of (a) nickel sulphate and (b) cobalt MHP (or MSP) products are expected to generate high-value alternatives for the utilization of Baptiste concentrate in the global EV battery supply chain.  With easy access to well established domestic and international shipping routes, the Baptiste products can be readily integrated into the rapidly expanding EV production chain both within North America and abroad.

 
  Comparison of Nickel Sulphate Feedstocks – Awaruite vs. Sulphides and Laterites  
 

Typically, nickel sulphate is produced from intermediate or refined nickel products that have been subject to multiple complex metallurgical processes.  These intermediate nickel products are typically either produced from sulphide or laterite nickel ores.  The treatment process for Baptiste's awaruite nickel concentrate presents a simplified and lower risk route to producing large quantities of nickel sulphate.

 
   Awaruite vs. Sulphide Ores   
 

As compared to nickel sulphide concentrates, results from FPX's testwork and the Study suggest Baptiste's awaruite nickel concentrate has significant technical advantages, as follows:

 
  •   Reduced Processing Requirements – the lack of sulphur and associated impurities eliminates the need for intermediate smelting prior to downstream hydrometallurgical processing into nickel sulphate (see Figure 3)
  •  
  •   Reduced Process Complexity – the efficient dissolution of Baptiste's awaruite nickel concentrate eliminates the need for intermediate smelting and/or complex leaching processes, such as ultra-fine grinding, chlorine pre-leaching, chloride addition, or ammonia leaching
  •  
  •   Reduced Carbon Intensity – the extremely high nickel content of Baptiste nickel concentrate (60-65% nickel) reduces the volume of concentrate for shipment by up to 85% in comparison with nickel sulphide concentrates, which typically grade 10-15% nickel, and the elimination of a secondary refining stage (e.g., smelting) further reduces the carbon emissions associated with transportation to multiple refining locations
  •  
 

  Figure 3 – Simplified Processing Route for Nickel Sulphate Production (CNW Group/FPX Nickel Corp.) 

 
 
   Awaruite vs. Laterite Ores   
 

As compared to nickel laterite ores, results from FPX's testwork and the Study suggest Baptiste's awaruite nickel concentrate has significant technical advantages, as follows:

 
  •   Process Complexity – the leaching characteristics of awaruite require significantly lower pressure and temperature than high-pressure acid-leach ("HPAL") processes ( See Figures 4 and 5)
  •  
  •   Process Footprint – the extremely high nickel content of Baptiste concentrate (60-65%+ nickel) tangibly reduces the volume of material subjected to pressure oxidation and leaching, significantly reducing the footprint and cost of the hydrometallurgical facility
  •  
  •   Reduced Carbon Intensity – tangibly reduced process requirements for Baptiste concentrate fed by British Columbia's hydroelectric-based grid with demonstratively lower carbon intensity
  •  
 

  Figure 4 – Operating Pressures for Autoclaves in the Nickel and Gold Industries (CNW Group/FPX Nickel Corp.) 

 
 
 

  Figure 5 – Operating Temperatures for Autoclaves in the Nickel and Gold Industries (CNW Group/FPX Nickel Corp.) 

 
 

Based on FPX's testwork and Study results, a refinery upgrading Baptiste's awaruite nickel concentrate would generate a low-carbon, low-cost, high-volume and high-purity nickel sulphate product for the EV battery supply chain, with a favourable competitive position driven by:

 
  • Single integrated facility to convert concentrate directly to nickel sulphate
  •  
  • Low cost of feedstock for a refinery integrated with the Baptiste mine-and-mill operation, versus higher-cost refined nickel feedstocks like nickel matte, MSP, MHP, powder, and briquettes
  •  
  • High refinery recovery rates for both nickel and cobalt
  •  
  • Efficiencies in the use of power, water and reagents and tailings disposal in an integrated site
  •  
  • Low-carbon footprint leveraging access to low-cost hydroelectric power in British Columbia  
  •  
  Next Steps  
 

The near-term path for development of a nickel refinery upgrading Baptiste's awaruite nickel concentrate to nickel sulphate includes further testwork, further engineering studies, and general project development activities.

 

As part of FPX's ongoing three-phase metallurgical testwork campaign, approximately 17 tonnes of Baptiste material is currently being treated by a pilot plant at Corem in Quebec City.  In addition to supporting refinement of the upstream mineral processing flowsheet, this large-scale piloting will also generate sufficient awaruite nickel concentrate for hydrometallurgical testwork. Concentrate is anticipated to be available in October 2022 , with the subsequent hydrometallurgical testwork campaign to run through the fourth quarter of 2022.  This hydrometallurgical testwork campaign will:

 
  1. Optimize awaruite nickel concentrate leaching conditions
  2.  
  3. Validate the conventional solution purification route for awaruite feedstock producing battery grade nickel sulphate
  4.  
  5. Evaluate opportunities specific to awaruite to further simplify the process and significantly reduce capital and operating costs
  6.  

Building on the engineering studies to date and incorporating the testwork results as available, FPX will commence a more advanced engineering study in the fourth quarter of 2022, with results available in the second or third quarter of 2023.  This new technical study will adhere to National Instrument 43-101, thereby allowing a fulsome disclosure of estimate results which will complement the more advanced engineering basis.

 

  Andrew Osterloh , P. Eng., FPX Nickel's Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.

 
  References:  
 
  1. Goldman Sachs Commodities Research, "Nickel's Class Divide", April 28, 2022 .
  2.  
  3.   https://www.terrafame.com/media/terrafame-ltd-carbon-footprint.pdf  
  4.  
  5.   https://www.terrafame.com/news-from-the-mine/news/2021/06/production-ramp-up-at-terrafames-battery-chemicals-plant-has-started.html#:~:text=Production%20ramp%20up%20at%20Terrafame's%20new%20battery%20chemicals%20plant%20has,of%20the%20highest%20production%20capacities  
  6.  
  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 targets.  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 99 holes and 33,700 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.  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 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

 
   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/September2022/07/c2441.html  

 
 

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Exploring and developing the high-margin Baptiste nickel project in Canada

FPX Nickel Announces Share-Based Compensation Grant

FPX Nickel Announces Share-Based Compensation Grant

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that the board of directors of the Company has approved the grant of 5,305,000 stock options (the " Options ") to directors, officers and employees of the Company pursuant to the Company's Share Compensation Plan. The Options have an exercise price of $0.30 per share, with a five-year term and are fully vested on the grant date, July 10, 2025 .

 
 

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

 

The Company also granted an aggregate 750,000 restricted share units (the " RSUs ") to certain officers of the Company. The RSUs vest in three equal installments on the annual anniversaries of the grant date and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

 

  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 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

 

   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: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 
 

 

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FPX Nickel Receives Multi-Year Area-Based  Permit and Commences 2025 Drilling Activities at Baptiste Nickel Project

FPX Nickel Receives Multi-Year Area-Based Permit and Commences 2025 Drilling Activities at Baptiste Nickel Project

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to report that it has received a multi-year area-based (" MYAB ") permit from the government of British Columbia to support the renewal of drilling activities at the Baptiste Nickel Project (" Baptiste " or " the Project ") in 2025.  This year's drilling program has commenced successfully, targeting the completion of geomechanical, hydrogeological, and condemnation holes to complement the Project dataset for the feasibility study and the Company's planned entry into the environmental assessment (" EA ") process in the second half of 2025.

 

 

 

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FPX Nickel Announces Results of 2025 Annual General and Special Meeting

FPX Nickel Announces Results of 2025 Annual General and Special Meeting

 
 

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the results of its 2025 Annual General and Special Meeting held on June 26 2025.

 
 

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

 

Shareholders voted in favour of all items put forward by the Board of Directors and Management. Shareholders elected eight directors to the Company's Board, namely, Kim Baird , Peter M.D. Bradshaw , Anne Currie , James S. Gilbert , Peter J. Marshall , Andrew Osterloh , Robert B. Pease and Martin E. Turenne . The shareholders approved all other matters as proposed, including the appointment of DeVisser Gray LLP as the auditor of the Company and approval of the Company's 10% rolling share compensation plan.

 

  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 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

 

   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: http://www.newswire.ca/en/releases/archive/June2025/27/c9286.html  

 
 

 

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FPX Nickel Completes Production Run of Battery-Grade Nickel Sulphate to Support Discussions with Prospective EV Battery Supply Chain Partners

FPX Nickel Completes Production Run of Battery-Grade Nickel Sulphate to Support Discussions with Prospective EV Battery Supply Chain Partners

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce successful production of additional battery-grade nickel sulphate from its Baptiste Nickel Project (" Baptiste " or the " Project "). Building on the success of previous testing campaigns, a production run was completed to produce larger quantities of nickel sulphate crystals. The nickel sulphate samples, which meet the strict target specifications for battery applications, will be provided to selected prospective downstream partners including pCAM producers, battery companies, and automakers pursuing supply security, traceable sourcing, and low carbon intensity production.

 

"The production of high-purity nickel sulphate further positions us to engage in strategic discussions with prospective downstream partners across the global EV supply chain," commented Martin Turenne , FPX Nickel's President and Director. "This milestone further demonstrates the strategic flexibility of the Baptiste awaruite concentrate and the technical maturity of the awaruite refining process."

 

 

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FPX Nickel and JOGMEC Initiate Exploration at the Expanded Klow Property in British Columbia

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FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce planned exploration activities at the Company's Klow property (" Klow " or the " Property "), located 45 km north of the Company's Baptiste Nickel Project. Exploration will be 100% funded by the Japan Organization for Metals and Energy Security (" JOGMEC ") under the terms of an earn-in agreement which provides JOGMEC the option to earn up to a 60% interest in the Property. The Company has recently expanded the mineral claims at Klow by 600%, bringing the Property to 164 km 2 and is currently preparing a wide-ranging surface rock sampling program over the summer of 2025 with the goal of advancing Klow to drill-ready status.

 

 

 

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Trading resumes in:

 

Company:  Prismo Metals Inc.  

 

 

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(TheNewswire)

 
       
  Prismo Metals Inc. 
                
 

Vancouver, British Columbia, July 18, 2025 TheNewswire - Prismo Metals Inc. (" Prismo " or the " Company ") (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news release dated July 3, 2025, the Company has upsized and closed its previously announced non-brokered private placement of units of the Company (" Units ") at an issue price of $0.05 per Unit  (the "Private Placement" ). Due to strong investor demand, the Private Placement was increased from 5,000,000 Units to the issuance of 11,500,000 Units for gross proceeds of $575,000.

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Finlay Minerals Announces Increased Budget for PIL and ATTY Projects

Finlay Minerals Announces Increased Budget for PIL and ATTY Projects

 
 

Finlay Minerals Ltd . (TSXV: FYL,OTC:FYMNF) (OTCQB: FYMNF), the "Company", is pleased to announce that the approved budget under the Earn-In Agreements with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport") 1 for both the PIL and ATTY Projects, has been increased to a total of $3.6 million .

 
 

  Finlay Minerals Ltd. logo (CNW Group/Finlay Minerals Ltd.) 

 

Both projects are situated in the highly prospective Toodoggone District of British Columbia , which continues to develop as an important copper-gold (Cu-Au) district with significant potential for further discoveries.

 

Initially, the 2025 budget was set at a minimum of $750,000 for the PIL property and $500,000 for the ATTY property. However, these amounts have now been revised to up to $2.6 million for the PIL project and up to $1.0 million for the ATTY project. Both programs are fully funded under the Earn-In Agreements with Freeport . According to these agreements, Freeport may earn an 80% interest in each property by investing a total of $35 million in exploration expenditures and making cash payments totaling $4.1 million over/up to six years.   2 Until the Finlay-Freeport Earn-In Agreements complete, Finlay owns 100% of both properties.

 

The PIL   Property lies in the heart of the Toodoggone region and features several porphyry copper-gold (Cu-Au) targets, along with associated epithermal gold-silver (Au-Ag) mineralization.  To date, 18 porphyry Cu ± Mo ± Au and porphyry-related low- and high-sulphidation epithermal Au-Ag occurrences have been outlined on the PIL Property. The PIL property is adjacent to Amarc Resources and Freeport-McMoRan's JOY Project, as well as TDG Gold Corp.'s Shasta/Baker and Sofia Properties. It is also situated 25 kilometres ("km") northwest of Centerra Gold's former Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

 

The ATTY Property covers 3,875 hectares of sub-alpine terrain in the southern Toodoggone region, an area known for significant porphyry copper-gold (Cu-Au) and epithermal gold-silver (Au-Ag) deposits. It is located between Centerra Gold's Kemess Project and the JOY Project, held by Amarc Resources and Freeport-McMoRan. The KEM target on the ATTY Property resembles the Kemess North Trend, which is home to the Kemess Underground and Kemess East deposits. Exploration will focus on the Wrich target, located near the copper geochemical anomaly at the SWT target on the JOY Property. This anomaly extends over 2 km and continues onto the ATTY Property for an additional 1.2 km to the southeast.

 

  The 2025 programs at the PIL and ATTY are well underway with:  

 
  • Detailed property-wide, 100 metre line-spaced airborne magnetic surveys completed on both properties;

  •  
  • Detailed geological and alteration mapping and expanded rock and soil sampling on up to 8 target areas on the PIL underway, with the ATTY expected to start by the end of July;

  •  
  • 53 line-km of induced polarization ("IP") geophysical surveys planned on the PIL and 16 line-km on the ATTY, and

  •  
  • Finlay acting as the Operator on both properties.
  •  

Finlay's President and CEO, Ilona Lindsay , states :  

 

  "We are very pleased with the substantial increase in approved funding for both the PIL and the ATTY. This additional funding will allow us to identify and prioritize as many targets as possible for drilling in 2026."  

 

  References:  

 
  1. Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.

  2.  
  3. Finlay news releases NR 03-25 dated April 17, 2025 entitled: "  Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties " and NR 05-25 dated May 2, 2025 and entitled: "  Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement. "
  4.  

  Qualified Person:  

 

  Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

 

  About finlay minerals ltd.  

 

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five properties in northern British Columbia :

 

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com   .  

 

  On behalf of the Board of Directors,  

 

  Robert F. Brown ,
Executive Chairman of the Board

 

  Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.  

 

   Forward-Looking Information:    This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the PIL & ATTY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.  

 

SOURCE finlay minerals ltd. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/17/c1585.html  

 
 

 

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(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia TheNewswire - July 17, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), further to its July 3, 2025, news release the Company is pleased to announce that it has received approval from the TSX Venture Exchange to close its private placement financing (the "Financing") for aggregate gross proceeds of $1,000,000.

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