FPX Nickel Announces Management Appointments to Support the Advancement of the Baptiste Nickel Project
Suite 320 – 1155 West Pender Street
Vancouver, BC Canada V6E 2P4
Tel: 604.681.8600
e-mail: [email protected]
FPX Nickel Announces Management Appointments to Support the
Advancement of the Baptiste Nickel Project
Vancouver, September 23, 2024 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the
“Company”) is pleased to announce the appointment s of Nigel Fisher as Director , Environment and
Jarett Lalonde as Director , Government & Public Affairs for the Company . Mr. Fisher will lead the
advancement of environmental and regulatory programs for FPX projects, while Mr. Lalonde will lead the
Company’s public communications and government relations strategies.
“We are excited to grow our team with Nigel and Jarett ,” commented Tim Bekhuys, FPX’s Senior Vice -
President, Sustainability & External Relations. “Mr. Lalonde has a proven track record as a trusted
government relations advisor to corporations, governments and nonprofits, and brings a wealth of
knowledge and strategic insight to our team. Mr. Fisher has been instrumental in permitting and
advancing many of British Columbia’s largest mines, including most recently, the Blackwater and Eskay
Creek mines, and will lead our Environmental Permitting and Assessment for the Baptiste Project.”
Mr. Fisher brings 20 years’ experience leading environmental assessments , permitting and management
systems, developing and executing on regulatory strategy and advancing governance and funding
agreements with Indigenous governments across British Columbia . Mr. Fisher has held progressively
senior roles with New Gold, Teck Resources, Woodfibre LNG, and most recently , Skeena Resources as
Director of Environment and Regulatory Affairs . In his prior roles, he successfully obtained multiple
regulatory approvals for large -scale resource projects while maintaining compliance with existing and
changing legislation.
Mr. Lalonde is a highly regarded public affairs leader with over 20 years’ experience in the natural
resources, technology, and regulated products sectors. In his most recent role as Global Head of Product
Policy at Shopify, Mr. Lalonde was instrumental in crafting compelling public affairs narratives for the
company’s diverse product offerings and spearheading engagement with policy makers across North
America and Europe. Before joining Shopify, he worked with Global Public Affairs, a leading
government relations and strategic communications firm , where he performed advisory work for
numerous companies advancing large -scale natural resource projects in British Columbia and across
Canada. Mr Lalonde previously served as Chief of Staff to the Attorney General & Minister of Justice for
the province of British Columbia, and as Policy Advisor to the Minister of Natural Resources Canada.
Stock Option Grant
FPX has granted 775,000 stock options to certain employees of the Company. The stock options are
exercisable at a price of $0.35 per share for a five-year period commencing on September 23, 2024.
Market Making Services
Further to its news release on August 1, 2024, the Company has engaged the services of Insight Capital
Partners Inc. (“ Insight”) and its market making service provider, ICP Securities Inc. (“ ICP”) (the
“Engagements”) effective August 1, 2024.
Pursuant to an agreement (the “ Consulting Agreement”) between the Company and Insight, Insight will
provide capital markets consulting services, including providing the Company with advice and
information regarding trading activity, for a term of twenty -four (24) months, provided that after a period
of four (4) months either party may terminate the Consulting Agreement on thirty (30) days notice.
In addition, pursuant to an agreement (the “ Market Making Agreement ”) between the Company and
ICP, the Company has engaged ICP to provide market making services. As previously announced, ICP
will provide automated market making services, including use of its proprietary algorithm, ICP
PremiumTM, in compliance with the policies and guidelines of the TSX Venture Exchange and applicable
securities laws. The Market Making Agreement is for an initial term of four (4) months (the “ Initial
Term”) and shall be automatically renewed for subsequent one (1) month terms (each subsequent one -
month term called an “ Additional Term”) unless either party provides at least thirty (30) days written
notice prior to the end of the Initial Term or an Additional Term, as applicable.
As previously disclosed, there are no performance factors contained in the Consulting Agreement and no
stock options or other compensation are being granted in connection with the Engagements. Both Insight
and ICP are at arm’s length to the Company. Insight and ICP do not have any interest, directly or
indirectly, in FPX Nickel or its securities or any right or intent to acquire such an interest at this time;
however, Insight, ICP and its clients may acquire an interest in the securities of the Company in the
future.
ICP’s market-making activity will be primarily to correct temporary imbalances in the supply and demand
of the Company’s shares. ICP will be responsible for the costs it incurs in buying and selling the
Company’s shares, and no third party will be providing funds or securities for the market making
activities.
About the Baptiste Nickel Project
The Company’s Baptiste Nickel Project represents a large -scale greenfield discovery of nickel
mineralization in the form of a sulphur -free, nickel -iron mineral called awaruite (Ni 3Fe) hosted in an
ultramafic/ophiolite complex. The Baptiste mineral claims cover an area of 408 km 2, west of Middle
River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself,
awaruite mineralization has been confirmed through drilling at several target areas within the same claims
package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since
2010, approximately US $30 million has been spent on the exploration and development of Baptiste.
The Baptiste deposit is located within the territories, keyohs, and consultative boundaries of the Tl’azt’en
Nation, Binche Whut’enne, Yekooche First Nation, and Takla Nation.
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 distinctive style of nickel -iron
mineralization. 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 [email protected].
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 materially from those
currently projected by management at the time of writing due to many factors the majority of which are
beyond the control of FPX and its management. In particular, this news release contains forward-looking
statements pertaining, directly or indirectly, to the following: the duration of the Consulting Agreement
and the Market Making Agreement, and the services provided thereunder. These statements speak only as
of the date of this release or as of the date specified in the documents accompanying this release, as the
case may be. The Company does not assumes the obligation to update any forward -looking statement
except as expressly required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.