FPX Nickel Engages ICP Securities for Automated Market Making Services
Suite 320 – 1155 West Pender Street
Vancouver, BC Canada V6E 2P4
Tel: 604.681.8600
e-mail: [email protected]
FPX Nickel Engages ICP Securities for Automated Market Making
Services
Vancouver, August 1, 2024 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX Nickel” or
the “Company”) is pleased to announce that it has engaged the services of ICP Securities Inc. (“ICP”) to
provide market making services (the “Services”), including use of its proprietary algorithm, ICP
PremiumTM, in compliance with the policies and guidelines of the TSX Venture Exchange (the
“Exchange”) and other applicable legislation.
Pursuant to the market-making agreement (the “Agreement”) entered into between the Company and ICP,
in exchange for providing the Services, ICP will receive a fee of C$7,500 plus applicable taxes per month,
payable monthly in advance, to be paid from funds the Company has allocated from its current working
capital. The 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. ICP does 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, ICP
and its clients may acquire an interest in the securities of the Company in the future. There are no
performance factors contained in the agreeme nt and no stock options or other compensation are being
granted in connection with the engagement.
ICP is an arm’s length party to the Company. 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.
ICP Securities Inc.
ICP Securities Inc. (ICP) is a Toronto -based CIRO dealer-member that specializes in automated market
making and liquidity provision, as well as having a proprietary market making algorithm, ICP PremiumTM,
that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution,
and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision
and execution services to a broad array of public issuers and institutional investors.
About the Decar Nickel District
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 Baptiste Creek watershed, on the traditional territories of the
Tl’azt’en Nation and the 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 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 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 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 Services and the frequency
of any trades in connection with the Services. 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
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.