FPX Nickel Subsidiary CO2 Lock Corp. Achieves Successful Injection of CO2 at SAM Project in British Columbia

FPX Nickel Subsidiary CO2 Lock Corp. Achieves Successful Injection of CO2 at SAM Project in British Columbia

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to provide an update on the activities of CO2 Lock Corp. (" CO2 Lock "), its majority-owned subsidiary specializing in carbon capture and storage (" CCS ") via permanent mineralization. CO2 Lock has completed a comprehensive field program at its SAM site in central British Columbia including the first-ever successful injection of CO 2 into a brucite-rich ultramafic mineral project. This achievement marks a significant milestone in the development of CO2 Lock's innovative in-situ CO 2 mineralization technology.

Highlights
  • Successful injection of CO 2 at depth, with downhole sensors verifying the desired CO 2 content throughout the carbonated water injection, bolstering confidence in the effectiveness of CO2 Lock's proprietary approach
  • Geological analysis confirms that the SAM deposit has promising mineralogy for CO 2 mineralization and permanent storage, with high values of brucite (key carbon-reactive mineral)
  • Extraction of multi-tonne surface bulk sample for use in an ex-situ CO 2 mineralization pilot at CO 2 Lock's laboratory in the Vancouver area

"The promising geological analysis and successful demonstration of the CO 2 injection into the SAM project highlight the significant potential of CO2 Lock's in-situ mineralization technology," commented Martin Turenne , FPX's President and CEO. "We look forward to seeing CO2 Lock's next steps in advancing its proprietary approaches to both in-situ and ex-situ carbon mineralization at its SAM project."

Figure 1 provides illustrations of CO 2 Lock's in-situ and ex-situ mineralization technologies using brucite-rich serpentinite deposits to permanently store carbon dioxide.

  • In-Situ Mineralization: The injection of CO 2 -enriched water into the subsurface prompts the release of magnesium from the brucite-rich serpentinite host rock; the liberated magnesium subsequently reacts with the injected CO 2 , leading to the formation of stable carbonate precipitation.
  • Ex-Situ Mineralization: Brucite-rich serpentinite rock is extracted and undergoes processing for three distinct CO 2 mineralization options: stacked rock, enhanced rock weathering, or reactor-based mineralization.

Figure 1 – Illustrations of CO2 Lock Carbon Mineralization Technologies (CNW Group/FPX Nickel Corp.)

In 2024, CO2 Lock will conduct several work programs to advance its proprietary approaches to carbon mineralization, including the preparation of techno-economic and life-cycle assessments of the in-situ and ex-situ technologies, and the completion of an ex-situ pilot program using material collected from the SAM project.

Background

On March 30, 2022 , FPX announced the formation of CO2 Lock as a self-funding subsidiary entity to pursue geoscience-related CCS opportunities. FPX retains 100% of the carbon credits associated with CCS on its own properties, and can use any intellectual property developed by CO2 Lock for the benefit of FPX's own properties.

About SAM

The SAM property is one of several ultramafic bodies identified by the BC Geological Survey along the same trend as FPX's Decar Nickel District. Located approximately 50 kilometers southwest of Prince George, BC , the 4,084 hectare SAM project was staked in 2022 based on regional mapping and sampling of a large, serpentinized ultramafic body composed primarily of harzburgite, dunite, and peridotite with significant levels of brucite mineralization.

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 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/February2024/20/c5344.html

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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.

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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.

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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

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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

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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.

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FALCO ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT

FALCO ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

TSXV - FPC

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Heritage Mining Prospecting Program Reports up to 7.38g/t within Granitic Intrusion at Zone 3 Extension

Heritage Mining Prospecting Program Reports up to 7.38g/t within Granitic Intrusion at Zone 3 Extension

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - December 19, 2024 Heritage Mining Ltd. (CSE: HML) (" Heritage " or the " Company ") is pleased to announce the results from its Zone Three Extension exploration and prospecting program located in the southeast side of its flagship project Drayton Black Lake ("DBL") totalling ~18,907Ha. The program included 62.3km traversed, 185 outcrops described with 83 grab samples (Figure 1). The program was undertaken to provide on-the-ground clarity where possible of the contact between the Mafic Metavolcanics and the Lake of the Bays Batholith. DBL is located approximately 20km northeast of Sioux Lookout, Ontario (Figure 5) and covers 30 km of the Central Volcanic and Southern Sedimentary domains within the Eagle-Wabigoon-Manitou (" EWM ") Greenstone Belt, which also hosts NexGold's (TSX.V: NEXG) Goliath Gold-Silver Complex immediately to the southwest.

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Awalé Expands BBM Trend to Over 15km with Additional Newly Defined Targets Boba and Fett

Awalé Expands BBM Trend to Over 15km with Additional Newly Defined Targets Boba and Fett

HIGHLIGHTS

  • BBM trend now extends over 15km, from Awalé's 100%-owned Fremen target in the south to the Boba and Fett targets in the north.
  • Boba and Fett have been defined along strike from BBM, highlighting the fertile and open BBM trend.
  • 150 line-km of Induced Polarization ("IP") geophysics is planned to cover the entire BBM trend and is scheduled for completion in January.
  • An additional up to 7,000 metre drill program will begin in February following the completion of these IP surveys.

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to announce a significant expansion of the BBM gold trend to over 15 kilometres ("km"). This underscores the potential of the BBM trend, which now extends from the 100%-owned Fremen target in the south to the newly defined Boba and Fett targets in the north. These newly identified targets highlight the potential of this highly prospective region, and with active drilling underway and a large-scale IP geophysical survey planned, the Company is on the path of defining this new district. The upcoming survey aims to refine targets for a 7,000-metre reverse circulation drill campaign, setting the stage for optimized exploration on the BBM trend.

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Nuvau Minerals Starts Trading on TSXV Under Symbol NMC

Nuvau Minerals Starts Trading on TSXV Under Symbol NMC

Nuvau Minerals Inc. (TSXV:NMC) ("Nuvau" or the "Company") is pleased to announce that its common shares will begin trading today. Nuvau is aiming to re-establish the Matagami mining district as the next critical minerals producer

"We are thrilled to reach this milestone for Nuvau," said Peter van Alphen, the Company's President and CEO. "As a public company, we will enter 2025 focused on the completion of our earn-in agreement with Glencore, for the 100% ownership of the Matagami mining camp, through the continued exploration of this highly-prospective property. We will also continue to work toward the eventual production restart, initially from the Bracemac McLeod mine and then the Caber complex. We are grateful to all our shareholders who have supported us to date and look forward to sharing our continued progress with you."

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