FPX Nickel Announces Support from the Province of British Columbia for 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 Support from the Province of British
Columbia for the Advancement of the Baptiste Nickel Project
Vancouver, September 3, 2024 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX Nickel”
or the “Company”) is pleased to announce that the Province of British Columbia has identified the Baptiste
Nickel Project (“Baptiste” or the “Project”) as a project to be included in the Province’s newly-established
Critical Minerals Office (“CMO”) concierge service initiative, a foundational strategy action to enable the
prioritization of critical minerals projects in B.C. The CMO will be a key entry point into the natural
resource sector agencies and provide centralized support for the advancement of critical minerals projects
like Baptiste, and to leverage potential project funding opportunities from provincial and federal sources.
“We are grateful that the Province of British Columbia has recognized the significance of Baptiste, and
believe the CMO initiative provides an excellent structure to proactively identify and address issues and
opportunities ahead of the Project’s entry into the environmental assessment process. We are committed
to deepening our ongoing collaboration with First Nations and the governments of British Columbia and
Canada to develop a project that creates substantial and sustainable benefits while protecting th e
environment for future generations.”
- Martin Turenne, President and CEO of FPX Nickel
“The critical minerals sector is foundational for our clean energy future. We launched the Critical Minerals
Office to help advance sustainable development of this vital sector in the province, in alignment with our
robust environmental, social and governance standards. Projects like FPX Nickel’s Baptiste are essential,
as they have the potential to help drive unparalleled growth in the sector, while creating reliable
opportunities for both British Columbians and global investors. I’m very proud of the work between FPX
Nickel and the Critical Minerals Office and look forward to future collaboration as the Project moves
forward.”
- The Honourable Josie Osborne, British Columbia’s Minister of Energy, Mines and Low
Carbon Innovation
The Critical Minerals Office was established as a key pillar of the Province’s Critical Minerals Strategy in
early 2024. The goals of B.C.’s Critical Minerals Strategy are as follows:
• Expand First Nations partnerships, shared decision-making and reconciliation;
• Increase business certainty to attract investment; and
• Establish funding partnerships to advance critical mineral projects in B.C.
The CMO will assist projects like Baptiste by featuring:
• Concierge service for critical minerals projects with support for issues resolution, funding
opportunities and regulatory processes;
• Project management support on pre-permitting and pre-regulatory process es, including federal
processes; and
• Dedicated government resources to advise proponents and assist in the establishment of agreements
with First Nations.
It is anticipated a CMO working group will meet regularly to address issues and opportunities related to the
advancement of Baptiste, with a priority focus on supporting collaborative decision-making processes with
First Nation communities to define the Project together.
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 km2, 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 Baptiste Nickel Project, located
in central British Columbia, and other occurrences of the same distinctive style of awaruite nickel-iron
mineralization. For more information, please view the Company’s website at https://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
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.