FPX Nickel Subsidiary CO2 Lock Corp. Achieves Successful Injection of CO2 at SAM Project in British Columbia
Suite 320 – 1155 West Pender Street
Vancouver, BC Canada V6E 2P4
Tel: 604.681.8600
e-mail: [email protected]
FPX Nickel Subsidiary CO2 Lock Corp. Achieves Successful
Injection of CO2 at SAM Project in British Columbia
Vancouver, February 20, 2024 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF ) (“FPX” or the
“Company”) is pleased to provide an update on the activities of CO2 Lock Corp. (“ CO2 Lock ”), its
majority-owned subsidiary specializing in carbon capture and storage (“CCS”) via permanent
mineralization. CO2 Lock has completed a comprehensive field program at its SAM site in central British
Columbia, including the first -ever successful injection of CO2 into a brucite -rich ultramafic mineral
project. This achievement marks a significant milestone in the development of CO2 Lock’s innovative in-
situ CO2 mineralization technology.
Highlights
• Successful injection of CO2 at depth, with downhole sensors verifying the desired CO2 content
throughout the carbonate d water injection , bolstering confidence in the effectiveness of CO2
Lock’s proprietary approach
• Geological analysis confirms that the SAM deposit has promising mineralogy for CO2
mineralization and permanent storage, with high values of brucite (key carbon-reactive mineral)
• Extraction of multi-tonne surface bulk sample for use in an ex-situ CO2 mineralization pilot at
CO2 Lock’s laboratory in the Vancouver area
“The promising geological analysis and successful demonstration of the CO2 injection into the SAM
project highlight the significant potential of CO2 Lock’s in-situ mineralization technology,” commented
Martin T urenne, FPX ’s President and CEO. “We look forward to seeing CO2 Lock ’s next steps in
advancing its proprietary approaches to both in -situ and ex -situ carbon mineralization at its SAM
project.”
Figure 1 provides illustrations of CO2 Lock’s in-situ and ex -situ mineralization technolog ies using
brucite-rich serpentinite deposits to permanently store carbon dioxide.
• In-Situ Mineralization: The injection of CO 2-enriched water into the subsu rface prompts the
release of magnesium from the br ucite-rich ser pentinite host rock ; the liberated magnesium
subsequently re acts with the injected CO 2, leading to the formation of stable carbonate
precipitation.
• Ex-Situ Mineralization: Brucite-rich serpentinite rock is extracted and undergoes processing for
three distinct CO2 mineralization options: sta cked rock, enhanced rock weathering, or reactor -
based mineralization.
Figure 1 – Illustrations of CO2 Lock Carbon Mineralization Technologies
In 2024, CO2 Lock will conduct several work programs to advan ce its proprietary approaches to carbon
mineralization, including the preparation of techno-economic and life-cycle assessments of the in-situ and
ex-situ technologies, and the c ompletion of an ex-situ pilot program using material collected from the
SAM project.
Background
On March 30, 2022, FPX announced the formation of CO2 Lock as a self -funding subsidiary entity to
pursue geoscience-related CCS opport unities. 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 SAM
The SAM property is one of several ultramafic bodies identified by the BC Geological Survey along the
same trend as FPX’s Decar Nickel District . Located approximately 50 kilometers southwest of Prince
George, BC, the 4,084 hectare SAM project was staked in 2022 based on regional m apping and sampling
of a large, serpentinized ultramafic body composed primarily of harzburgite, dunite, and peridotite with
significant levels of brucite mineralization.
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 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 co nditions and so i nvolve inherent risks and uncerta inties, as disclosed in the Company's
periodic filings with Canadian securities regulators. Actual results could differ fro m those currently
projected. The Company does not assume the obligation to update any forward-looking statement.
Neither the TSX Venture Exch ange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.