Under the Trading Symbol “FPOCF”
Suite 320 – 1155 West Pender Street
Vancouver, BC Canada V6E 2P4
Tel: 604.681.8600
e-mail: [email protected]
FPX Nickel Commences Trading on the OTCQB Market in the
United States Under the Trading Symbol “FPOCF”
Vancouver, October 25, 2021 – FPX Nickel Corp. (TSX-V: FPX, OTXQB: FPOCF) (“FPX” or the
“Company”) is pleased to announce that the Company’s common shares commenced trading today on
the OTXQB® under the symbol “ FPOCF.” The Company’s common shares are eligible for electronic
clearing and settlement through the Depository Trust Company ( “DTC”) in the United States . FPX
Nickel will continue to trade on the TSX Venture Exchange under the symbol “FPX.”
“We are pleased to begin trading on th e OTCQB as a means of enhancing our visibility to prospective
U.S. investors,” commented Martin Turenne, FPX’s President and CEO. “We are confident that this will
provide the dual benefits of greater accessibility to an expanding shareholder base in the U nited States, as
well as enabling greater exposure and liquidity as we continue to advance the flagship Baptiste Project at
our Decar Nickel District in central British Columbia.”
The OTCQ B, operated by the OTC Markets Group , is the premier marketplace f or early -stage and
developing U.S. and international companies. Participating companies must be current in their financial
reporting and undergo an annual verification and management certification process, including meeting a
minimum bid price and other f inancial conditions. Current financial disclosures and Real -Time Level 2
quotes for the Company are available at https://www.otcmarkets.com/stock/FPOCF.
DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. Company that manages the
electronic clearing and settlement of publicly traded companies. Securities tha t are eligible to be
electronically cleared and settled through DTC are considered to be “DTC eligible.” DTC eligibili ty
simplifies the process of trading and transferring the Company’s common shares between brokerages in
the U.S. DTC eligibility is expec ted to create a seamless process of trading and enhance liquidity of the
Company’s common shares in the U.S. over time.
About the Decar Nickel District
The Company’s Decar Nickel District claims cover 245 km2 of the Mount Sidney Williams
ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia. The District
is a two-hour drive from Fort St. James on a high-speed logging road.
Decar hosts a greenfield discovery of nickel mine ralization in the form of a naturally occurring nickel -
iron alloy called awaruite (Ni3Fe), which is amenable to bulk -tonnage, open -pit mining. Awaruite
mineralization has be en identified in four target areas within this ophiolite complex, being the Baptist e
Deposit, and the B , Sid and Van target s, as confirmed by drilling in the first three plus petrographic
examination, electron probe analyses and outcrop sampling on all fou r. Since 201 0, approximately US
$24 million has been spent on the exploration and development of Decar.
Of the four targets in the Decar Nickel District, the Baptiste Deposit, which was initially the most
accessible and had the biggest known surface footprint, has been the focus of diamond drilling since
2010, with a total of 82 hol es and over 31,000 metres of drilling completed. The Sid target was tested
with two holes in 2010 and the B target had a single hole drilled in 2011; all three h oles inter sected
nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the Baptiste
Deposit. The Van target was not drill -tested at that time as rock exposure was very poor prior to more
recent logging activity.
As reported in the current NI 43-101 resource estimate, having an effective date of September 9, 2020, the
Baptiste Deposit contains 1.996 billion tonnes of indicated resources at an average grade of 0.122% DTR
nickel, containing 2.4 million tonnes of nickel, pl us 593 mil lion tonnes o f inferred resources with an
average grade of 0.114% DTR nickel, conta ining 0.7 million tonnes of nickel, both reported at a cut -off
grade of 0.06% DTR nickel. Mineral resources are not mineral reserves and do not have demonstrated
economic viability.
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 mi neralization 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 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 i nvolve inherent risks and uncertainties, as disclosed in the Company's
periodic filings with Canadian securities regulators. Actua l 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.