Martin Turenne, President and CEO of FPX Nickel (FPX-TSX.V & OTCQB:FPOCF) joins me to discuss recent advancements in the Baptiste Nickel project located in British Columbia. FPX Nickel is pushing forward one of the world’s largest undeveloped nickel projects.
We recap recent news releases from July 30th and September 3rd. The first announces FPX Nickel’s adoption of cutting-edge technology to minimize carbon intensity, aiming for the bottom 5% of global nickel producers in CO2 emissions. The second highlights significant support from BC Hydro and the provincial government to facilitate the project’s progression.
Martin discusses the formation of a new Critical Minerals Office by the BC government, designed to prep both FPX Nickel and provincial ministries for upcoming environmental assessments. Martin emphasizes the importance of First Nations community engagement and consent as the project moves toward its 2025 environmental assessment target. We also delve into FPX Nickel’s strategic partnerships with Sumitomo Metal Mining, Otokumpu, and a confidential third strategic investor. These partners each hold a 9.9% stake, forming a technical advisory committee that meets quarterly to guide FPX Nickel’s strategic advancements.
FPX Nickel is well-funded with over $40 million in the bank and no fundraising needs until 2026.
Click here to visit the FPX Nickel website and learn more about the Company and Project.