VANCOUVER, BC, Sept. 3,
2024 /CNW/ - FPX Nickel Corp. (TSXV: FPX)
(OTCQB: FPOCF) ("FPX Nickel" or the "Company")
is pleased to announce that the Province of British Columbia has identified the Baptiste
Nickel Project ("Baptiste" or the "Project") as a
project to be included in the Province's newly-established Critical
Minerals Office ("CMO") concierge service initiative, a
foundational strategy action to enable the prioritization of
critical minerals projects in B.C. The CMO will be a key entry
point into the natural resource sector agencies and provide
centralized support for the advancement of critical minerals
projects like Baptiste, and to leverage potential project funding
opportunities from provincial and federal sources.
"We are grateful that the Province of British Columbia has recognized the
significance of Baptiste, and believe the CMO initiative provides
an excellent structure to proactively identify and address issues
and opportunities ahead of the Project's entry into the
environmental assessment process. We are committed to deepening our
ongoing collaboration with First Nations and the governments of
British Columbia and Canada to develop a project that creates
substantial and sustainable benefits while protecting the
environment for future generations."
- Martin Turenne, President
and CEO of FPX Nickel
"The critical minerals sector is foundational for our clean
energy future. We launched the Critical Minerals Office to help
advance sustainable development of this vital sector in the
province, in alignment with our robust environmental, social and
governance standards. Projects like FPX Nickel's Baptiste are
essential, as they have the potential to help drive unparalleled
growth in the sector, while creating reliable opportunities for
both British Columbians and global investors. I'm very proud of the
work between FPX Nickel and the Critical Minerals Office and
look forward to future collaboration as the Project moves
forward."
- The Honourable Josie Osborne, British Columbia's Minister of Energy, Mines
and Low Carbon Innovation
The Critical Minerals Office was established as a key pillar of
the Province's Critical Minerals Strategy in early 2024. The goals
of B.C.'s Critical Minerals Strategy are as follows:
- Expand First Nations partnerships, shared decision-making and
reconciliation;
- Increase business certainty to attract investment; and
- Establish funding partnerships to advance critical mineral
projects in B.C.
The CMO will assist projects like Baptiste by featuring:
- Concierge service for critical minerals projects with support
for issues resolution, funding opportunities and regulatory
processes;
- Project management support on pre-permitting and pre-regulatory
processes, including federal processes; and
- Dedicated government resources to advise proponents and assist
in the establishment of agreements with First Nations.
It is anticipated a CMO working group will meet regularly to
address issues and opportunities related to the advancement of
Baptiste, with a priority focus on supporting collaborative
decision-making processes with First Nation communities to define
the Project together.
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
(Ni3Fe) hosted in an ultramafic/ophiolite complex. The
Baptiste mineral claims cover an area of 408 km2, 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 $30 million has been spent on the exploration and
development of Baptiste.
The Baptiste deposit is located within the territories, keyohs,
and consultative boundaries of the Tl'azt'en Nation, Binche
Whut'enne, Yekooche First Nation, and Takla
Nation.
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 distinctive style of awaruite nickel-iron mineralization.
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne, President, CEO and
Director
Email: ceo@fpxnickel.com
Phone: 604-681-8600
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.
