FPX Nickel Completes Production Run of Battery-Grade Nickel Sulphate to Support Discussions with Prospective EV Battery Supply Chain Partners
Suite 320 – 1155 West Pender Street
Vancouver, BC Canada V6E 2P4
Tel: 604.681.8600
e-mail: [email protected]
FPX Nickel Completes Production Run of Battery-Grade Nickel
Sulphate to Support Discussions with Prospective EV Battery
Supply Chain Partners
Vancouver, June 17, 202 5 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF ) (“ FPX” or the
“Company”) is pleased to announce successful production of additional battery-grade nickel sulphate from
its Baptiste Nickel Project (“ Baptiste” or the “ Project”). Building on the success of previous testing
campaigns, a production run was completed to produce larger quantities of nickel sulphate crystals. The
nickel sulphate samples, which meet the strict target specifications for battery applications, will be provided
to selected prospective downstream partners including pCAM producers , batter y companies, and
automakers pursuing supply security, traceable sourcing, and low carbon intensity production.
“The production of high-purity nickel sulphate further positions us to engage in strategic discussions with
prospective downstream partners across the global EV supply chain,” commented Martin Turenne, FPX
Nickel’s President and Director. “This milestone further demonstrates the strategic flexibility of the
Baptiste awaruite concentrate and the technical maturity of the awaruite refining process.”
Overview
As described in the Company’s October 15, 2024 news release , FPX completed a pilot-scale refining test
program to advance the technical maturity of refining the Baptiste awaruite concentrate to nickel sulphate.
This test program included continuous, pilot-scale leaching to produce low-impurity leach solution. A small
portion of the leach solution was further advanced through purification and crystallization operations to
nickel sulphate crystals to demonstrate the technical viability of the purification process. The remainder of
leach solution was retained for future testing including continuous, pilot-scale processing of the purification
and crystallization area, ensuring the final refinery strategy is supported by purification and crystallization
requirements defined in collaboration with FPX Nickel’s current and prospective downstream partners.
FPX recently re-engaged Sherritt Technologies Ltd. to conduct an additional nickel sulphate production
run, building on Sherritt’s successful completion of the previous pilot-scale refining test program . In the
current testing campaign, a portion of th is remaining leach solution has been processed to produce larger
quantities of nickel sulphate crystals. As with previous testing campaigns, the quality of the produced nickel
sulphate, presented in Table 1, meet s the strict target specifications for battery applications. To further
advance the produced qualification process, the nickel sulphate samples will be provided to prospective
downstream partners to ensure the quality and suitability of the nickel sulphate for their battery
manufacturing process. Figure 1 shows a portion of the nickel sulphate samples produced.
Figure 1 – Samples of Battery-Grade Nickel Sulphate Crystals Produced from Baptiste’s Awaruite
Nickel Concentrate
Table 2 – Baptiste Nickel Sulphate Crystal Quality vs. Target Specification
Element Units
Nickel Sulphate Crystals
Baptiste Typical
Sample
Target Specification1
Nickel wt% >22 >22
Aluminum ppm <1 <5
Arsenic ppm <1 <2
Calcium ppm 2 <10
Cadmium ppm <1 <1
Cobalt ppm 2 <50
Chromium ppm <1 <3
Copper ppm <1 <3
Iron ppm 1 <5
Potassium ppm <1 <10
Magnesium ppm 1 <5
Manganese ppm <1 <5
Sodium ppm <10 <20
Lead ppm <1 <2
Silicon ppm <5 <10
Zinc ppm 1 <5
Note 1: Based on review of industrially available products and battery producers’ requirements
Qualified Person
The metallurgical information in this news release has been prepared in accordance with Canadian
regulatory requirements set out in National Instrument 43 -101: Standards of Disclosures for Minerals
Projects of the Canadian Securities Administrators (“NI 43-101”). Testwork was supervised, reviewed, and
verified by Kyle D. Marte, P.Eng., FPX Nickel’s Director of Metallurgy and a “Qualified Person” as defined
by NI 43-101.
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 absence of sulphur and our ability to connect to the BC Hydro grid
means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world
and will produce a very high-grade product that does not require any intermediate smelting or complex
refining. The Baptiste mineral claims cover an area of 4 53 km2 west of Middle River and north of
Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit it self, 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$55 million has been spent on the exploration and development of Baptiste.
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 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 . 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
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 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.