FPX Nickel-Supported Research Initiative Receives Government Grant to Investigate Carbon Capture and Storage
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FPX Nickel-Supported Research Initiative Receives Government
Grant to Investigate Carbon Capture and Storage
Vancouver, July 24, 2019 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is
pleased to note the Government of Canada’s announcement that it will make a $2 million investment to
support innovation in the study of carbon capture and storage at mining sites, including proposed field
work at the Company’s Decar Nickel District in central British Columbia.
The research program is a collaboration between academic institutions including the University of British
Columbia and Trent University, and mining companies including FPX Nickel Corp. and De Beers Group.
The study will build on more than a decade of research on technologies that maximize the reaction
between carbon dioxide (CO2) and magnesium silicate mine tailings, which are crushed rock left over the
extraction of nickel and other elements. In a natural process called carbon mineralization, CO2 reacts
with magnesium silicate on the surface of the tailings, binding the CO2 in a benign, solid material form.
In a paper presented to the Resources for Future Generations conference in 2018, leading carbon
sequestration researcher Dr. Ian Power (Trent University) noted that the Decar Nickel District’s Baptiste
deposit “offers a tremendous opportunity for developing a carbon-neutral mine.”
“We are gratified to see the federal government joining with FPX Nickel and industry participants
including De Beers in supporting this important initiative,” commented Martin Turenne, President and
CEO of FPX Nickel Corp. “We are particularly pleased to note that field work on assessing the potential
for carbon sequestration toward carbon-neutral mining is planned to include field study at our Decar
nickel project in central British Columbia. We look forward to the results of this research program, which
marks an important milestone in the development of sustainable practices in the mining industry.”
The research project will be funded in part by Natural Resources Canada’s Clean Growth Program, which
is an investment fund for clean technology research and development and demonstration projects in three
Canadian sectors: energy, mining and forestry. The project’s goals are to reduce greenhouse gas
emissions associated with mine operations. Co-benefits of the process include stabilizing tailings piles,
trapping potentially harmful metals, and reducing the amount of dust generated on mine sites.
The UBC news release describing this research project can be viewed at the following link:
https://news.ubc.ca/2019/07/23/ubc-led-project-locks-carbon-dioxide-in-mine-waste/
Dr. Peter Bradshaw, P. Eng., FPX Nickel’s Qualified Person under NI 43-101, has reviewed and
approved the technical content of this news release.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel-Iron Alloy 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 www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604) 681-8600.
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 uncertainties, 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.
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adequacy or accuracy of this release.