FPX Nickel Announces New Leadership for Carbon Capture and Storage Subsidiary
Suite 320 – 1155 West Pender Street
Vancouver, BC Canada V6E 2P4
Tel: 604.681.8600
e-mail: [email protected]
FPX Nickel Announces New Leadership for Carbon Capture and
Storage Subsidiary
Vancouver, May 29, 2024 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX Nickel” or the
“Company”) is pleased to announce the appointment of Scott Larson as the new President and Chief
Executive Officer of CO2 Lock Corp. (“ CO2 Lock ”), the Company’s majority-owned subsidiary
specializing in carbon capture and storage (“ CCS”) via permanent mineralization . Mr. Larson brings to
CO2 Lock over 25 years of combined corporate finance, technology development and entrepreneurial
experience.
“We are very pleased to welcome Scott to lead CO2 Lock through the next phase of growth in pursuit of
large-scale, low -cost and permanent carbon capture and storage,” commented FPX Nickel’s Chairman ,
Peter Bradshaw. “CO2 Lock is at a pivotal stage of development. In late-2023, the company completed a
comprehensive field program at its SAM project site in central British Columbia, including the first -ever
successful injection of CO2 into a brucite -rich ultramafic deposit. Scott will be leading CO2 Lock’s
execution of a large -scale pilot program in early 2025, which will result in the first commercial carbon
mineralization project in British Columbia.”
Before joining CO2 Lock , Mr. Larson was CEO and co -founder of SpaceAlpha, a n earth observation
company building synthetic aperture radar technology and Helios Wire, a satellite company building out a
space-enabled IoT/M2M network which was successfully sold. He was also previously CEO and co -
founder of UrtheCast, scaling the Company from inception, taking it public on the Toronto Stock Exchange,
raising $200 million, and growing the company to 250 employees with seven offices around the world.
“The opportunity to be part of a technology and process that will allow CO2 Lock to sequester carbon
permanently, on a global scale, is very compelling,” said Scott Larson. “I’m looking forward to building
value, scaling up, and developing partnerships throughout the carbon capture and cleantech sector.”
Mr. Larson has assumed the role of CO2 Lock’s CEO from Mr. Cooper Quinn. On behalf of the Board of
Directors, FPX Nickel and CO2 Lock extend our thanks to Mr. Quinn for his commitment and contributions
to the company.
Background
On March 30, 2022, FPX announced the formation of CO2 Lock as a self -funding subsidiary 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 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
alloy mineralization known as awaruite. Fo r more information, please view the Company’s website at
https://fpxnickel.com/ or contact Martin Turenne, President and CEO, at (604) 681 -8600 or
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne, President, CEO and Director
Email: [email protected]
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 u ncertainties, 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.