08:55:55 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



FPX Nickel Corp
Symbol FPX
Shares Issued 313,286,936
Close 2024-03-01 C$ 0.33
Market Cap C$ 103,384,689
Recent Sedar Documents

FPX Nickel hires PI Financial as market-maker

2024-03-01 10:01 ET - News Release

Mr. Martin Turenne reports

FPX NICKEL APPOINTS MARKET MAKER

FPX Nickel Corp. has retained PI Financial Corp. to provide market-making services in accordance with the TSX Venture Exchange policies.

PI, an investment dealer located in Vancouver, B.C., will trade the securities of FPX on the TSX-V, adhering to regulatory exchange policies to maintain a reasonable, fair market and to enhance the liquidity of the company's shares. In consideration of the market-making services, the company will pay PI a monthly fee of $5,000 for a minimum term of three months. After three months, the agreement with PI may be terminated by the company at any time upon 30 days written notice. FPX and PI are unrelated and unaffiliated entities. PI will not receive shares or options as compensation and the capital used for market-making will be provided by PI.

About the Decar nickel district

The company's Decar nickel district represents a large-scale greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron mineral called awaruite (Ni3Fe) hosted in an ultramafic/ophiolite complex. FPX's mineral claims cover an area of 245 square kilometres west of the Middle River and north of Trembleur Lake, in central British Columbia. Awaruite mineralization has been identified in several target areas within the ophiolite complex, including the Baptiste deposit and the Van target, as confirmed by drilling, petrographic examination, electron probe analyses and outcrop sampling. Since 2010, approximately $30-million (U.S.) has been spent on the exploration and development of Decar.

Of the four targets in the Decar nickel district, the Baptiste deposit has been the focus of increasing resource definition (a total of 99 holes and 33,700 metres of drilling completed), as well as environmental and engineering studies to evaluate its potential as a bulk-tonnage open-pit mining project. The Baptiste deposit is located within the Baptiste Creek watershed, on the traditional and unceded territories of Tl'azt'en Nation and Binche Whut'en, and within several Tl'azt'enne and Binche Whut'enne keyohs. FPX has conducted mineral exploration activities to date subject to the conditions of agreements with first nations and keyoh holders.

About FPX Nickel Corp.

FPX Nickel 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.

We seek Safe Harbor.

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