VANCOUVER, BC, Nov. 20,
2023 /CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB:
FPOCF) ("FPX" or the "Company") is pleased to
announce that CO2 Lock Corp. ("CO2 Lock"), its
majority-owned subsidiary focused specializing in carbon capture
and storage ("CCS") has been named by Foresight Canada as
one of the Foresight 50, Canada's
Most Investible Cleantech Ventures.
"This recognition by one Canada's leading cleantech organization
validates the progress CO2 Lock is making in advancing its carbon
mineralization technology at its SAM project site in central
British Columbia," commented
Martin Turenne, FPX's President and
CEO. "Foresight has a long history of accelerating Canadian
cleantech companies through to commercialization with financial and
technical assistance, and CO2 Lock will be well-positioned to
leverage their network and internal teams to advance its
progress."
On March 30, 2022, FPX announced
the formation of CO2 Lock as a self-funding subsidiary entity to
pursue geoscience-related CCS opportunities. FPX retains 100% of
the carbon credits associated with CCS on its own properties, and
will retain a right to use, free of charge, any intellectual
property developed by CO2 Lock for the benefit of FPX's own
properties.
The annual Foresight 50 list is selected by a panel of investors
and stakeholders, based on multiple criteria including
investibility, potential environmental and employment impact,
leadership and team, and probability of success. More information
on the Foresight 50, including the selection process and detailed
information on each company chosen, can be found
here: https://foresightcac.com/2023/11/08/2023-foresight-50
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 awaruite nickel mineralization. For more
information, please view the Company's website
at www.fpxnickel.com
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
SOURCE FPX Nickel Corp.