FPX Nickel Receives Multi-Year Area-Based (MYAB) Permit and Commences 2025 Drilling Activities at Baptiste Nickel Project
Suite 320 – 1155 West Pender Street
Vancouver, BC Canada V6E 2P4
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FPX Nickel Receives Multi-Year Area-Based (MYAB) Permit and
Commences 2025 Drilling Activities at Baptiste Nickel Project
Vancouver, July 7, 202 5 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the
“Company”) is pleased to report that it has received a multi-year area-based (“MYAB”) permit from the
government of British Columbia to support the renewal of drilling activities at the Baptiste Nickel Project
(“Baptiste” or “the Project”) in 2025. This year’s drilling program has commenced successfully, targeting
the completion of geomechanical, hydrogeological, and condemnation holes to complement the Project
dataset for the feasibility study and the Company’s planned entry into the environmental assessment (“EA”)
process in the second half of 2025.
Highlights
• Receipt of multi-year area-based permit covers all anticipated Baptiste field activities required for
the feasibility study (“ FS”) and follows a robust engagement process with nearby First Nations
communities before and throughout the permitting process
• Phase one FS engineering field investigations to be completed with drilling to occur over an
approximate 8-week period beginning in early July
• Approximately 2,800 m of geomechanical, hydrogeological, and condemnation drilling is planned
around the Project site for this first phase of the FS field program, with most of the meterage
focused within the open-pit footprint, focused on long-lead data collection for the EA and FS
• Over 75% of fieldwork expenditures are anticipated to be disbursed under the terms of contracts
awarded to First Nations-owned or -affiliated businesses operating in central British Columbia
“We are pleased to have received the MYAB permit, which sets the stage for conducting all field activities
required for the feasibility study and the commencement of the EA process,” said Martin Turenne, FPX’s
President and CEO. “Throughout the permitting process, we have continued to benefit from our
collaboration with the government of British Columbia’s Critical Minerals Office, which has played an
important role in ensuring a robust engagement process with all impacted First Nations. We continue to
build on our inclusive relationships with the multiple First Nations communities connected to the Project,
including the proposed mine site and associated off -site infrastructure such as the p owerline and access
road, and we are proud to support those communities in maximizing their economic participation in this
year’s program.”
Figure 1 – Baptiste Nickel Project Camp, 2025
Feasibility Study Field Work
In connection with the environmental and cultural baseline study works ongoing at Baptiste since 2022,
FPX has commenced the first phase of FS engineering field investigations. This year’s program is focused
on long-lead data collection that will support the EA process, as well as improved engineering definition
within the open-pit footprint.
Approximately 2,800 m of geomechanical drilling, hydrogeological drilling, and condemnation drilling is
planned around the Project site in 2025, with most of the meterage focused within the open -pit footprint.
The second phase of the FS engineering field investigation program is expected to be undertaken in 2026
and will include resource in -fill drilling, further geomechanical drilling, further hydrogeological drilling,
and ex -pit geotechnical drilling. Following the completion of the second phase of engineering field
investigations, the FS is expected to be completed in 2027.
Cultural and Environmental Baseline Studies
Cultural and environmental baseline studies have been ongoing for the Baptiste Nickel Project since early
2022 and include surface water hydrology and water quality, wildlife, vegetation, fish eries and aquatics,
and archeology programs. Ongoing and expanded programs were completed in 2024 in preparation for the
EA process. The 2025 program is continuing to study the Project area, and includes ongoing wildlife,
climate, hydrology, water quality and hydrogeology work.
The cultural and environmental studies for the Project are being conducted by local First Nations-owned
and -affiliated businesses in the Project area . This approach targets the integration of First Nations
perspectives into the scoping and execution of these studies and provides a strong collaborative basis for
the EA process, which the Company plans to initiate in the second half of 2025.
Daniel Apai , P.Eng., FPX’s Vice President, Projects, FPX’s Qualified Person under NI 43 -101, has
reviewed and approved the technical content of this news release.
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 453 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$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. In 2024, the Province of British Columbia identified the Baptiste Nickel Project
as the first project to be included in the Province’s new Critical Minerals Office (“CMO”) concierge service
initiative, a provincial strategy action to enable the prioritization of critical minerals projects in B.C. The
CMO initiative is providing an excellent structure to proactively identify and address issues and
opportunities ahead of the Project’s entry into the environmental assessment process.
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 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.