FPX Nickel Corp.

FPX Nickel Corp. is a Vancouver-based junior nickel mining company focused on the exploration and development of nickel deposits, primarily those containing naturally occurring nickel-iron alloy mineralization known as awaruite. The company's mission is to develop large-scale, low-carbon nickel projects to support the global transition to a low-carbon economy and establish a North American supply chain for stainless steel and electric vehicle batteries.

FPX Nickel's flagship asset is the Baptiste Nickel Project, located within the Decar Nickel District in central British Columbia, Canada. The Baptiste project is notable for its unique awaruite geology, which facilitates a potentially low-cost and low-carbon production process. The project aims to produce a high-grade nickel concentrate (over 60% nickel) for the stainless steel industry or, through further refining, battery-grade nickel sulphate, along with cobalt precipitate and copper concentrate products for the battery material supply chain. The company also holds a 100% interest in four other awaruite properties in British Columbia (Wale, Orca, Klow) and one in the Yukon Territory (Mich).

As a pre-revenue mineral development company, FPX Nickel funds its operations through capital raised from investors. Martin Turenne serves as the company's CEO, a position he has held since December 2015. Recent significant developments include the Baptiste Project being designated a major priority by the Government of British Columbia and the successful completion of federal and provincial review of its initial project description, indicating a streamlined permitting process for critical minerals. A 2023 Preliminary Feasibility Study (PFS) for Baptiste projected an after-tax NPV8% of US$2.01 billion and an IRR of 18.6% at US$8.75/lb Ni. Additionally, a 2025 Awaruite Refinery Scoping Study outlined plans for what could become North America's largest nickel sulphate refinery. The company has also renewed its Global Generative Exploration Alliance with Japan Organization for Metals and Energy Security (JOGMEC).