Latest news with #FPX
Cision Canada
27-05-2025
- Business
- Cision Canada
FPX Nickel and JOGMEC Initiate Exploration at the Expanded Klow Property in British Columbia
VANCOUVER, BC, May 27, 2025 /CNW/ - FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX" or the " Company") is pleased to announce planned exploration activities at the Company's Klow property (" Klow" or the " Property"), located 45 km north of the Company's Baptiste Nickel Project. Exploration will be 100% funded by the Japan Organization for Metals and Energy Security (" JOGMEC") under the terms of an earn-in agreement which provides JOGMEC the option to earn up to a 60% interest in the Property. The Company has recently expanded the mineral claims at Klow by 600%, bringing the Property to 164 km 2 and is currently preparing a wide-ranging surface rock sampling program over the summer of 2025 with the goal of advancing Klow to drill-ready status. Highlights Previous rock sampling and drilling has identified multiple large-scale awaruite nickel targets within the overall district-scale Klow Property (164 km 2 land package) Historic drill results at the Klow North Target include a near-surface intercept of 316 m at a grade of 0.097% nickel-in-alloy (a chemical dissolution used to estimate nickel contained in awaruite mineralization, see Note 1 below) Planned Property-wide rock sampling program aims to expand known mineralized zones and identify new awaruite mineralization with the goal of delineating drill targets Exploration at Klow will be 100% funded by JOGMEC "Located north of our flagship Baptiste Nickel Project, and underlain by the same Trembleur ultramafic rocks that host Baptiste, Klow is one of the most highly prospective areas for awaruite mineralization in Canada," commented Keith Patterson, FPX's Vice President, Exploration. "Past results include surface samples and drill hole intercepts comparable to those from Baptiste, and large areas of the Property remain untested to date. We look forward to deepening our collaboration with JOGMEC in pursuit of advancing Klow to the drill-ready stage." Historic Work The Klow Property is located 120 km northwest of Fort St. James and 45 km north of FPX's flagship Baptiste Nickel Project. An all-season public road runs along the eastern margin of Klow, with a rail alignment located approximately 12 km west of the property. Previous work at Klow includes mapping and rock sampling from 2009 to 2012, and a limited diamond drill program at the Klow North Target in 2012. Wide-spaced rock sampling has delineated several additional targets which will be further investigated with planned sampling in 2025. The Klow North Target includes a broad zone of awaruite mineralization measuring approximately 1.0 by 1.5 km defined by surface rock samples containing elevated grades of up to 0.13% nickel-in-alloy (a targeted chemical dissolution used to estimate nickel contained in awaruite mineralization, more fully described in Note 1 below). A five-hole drill program was completed in 2012; DH-04 returned a significant result of 316 m at 0.097% nickel-in-alloy, from 10 m below surface. Recent test work on 68 archived samples from this drill hole shows an excellent correlation between Davis Tube Recoverable (" DTR") Ni grades and nickel-in-alloy grades with DTR producing values approximately 7-10% higher than historic nickel-in-alloy analysis. The Klow Target remains one of FPX's highest priority targets outside the Decar Nickel District. Elsewhere on the recently expanded Klow Property, historic rock sampling has delineated numerous target areas which remain largely open for expansion, with those samples having returned grades of up to 0.09% DTR nickel. Planned 2025 Exploration Program It is expected that crews will mobilize to the Property in early July to begin a comprehensive grid-based rock sampling program. In areas of known awaruite mineralization, sampling will target 100 x 200 metre spacing where possible. Further from known mineralization or in areas that were previously unsampled, sampling will target 200 x 1,000 metre spacing. FPX and JOGMEC have jointly approved a budget of $325,000 for work at Klow in 2025, which will be funded 100% by JOGMEC. Klow Property Earn-In Agreement On April 1, 2023, FPX and JOGMEC entered into an earn-in agreement (the " Klow Earn-In Agreement") which provides JOGMEC the option to earn a beneficial interest in FPX's Klow Project (" Klow") in central British Columbia. The key terms of the Klow Earn-in Agreement are as follows: FPX grants to JOGMEC the option to earn a 60% beneficial interest in Klow by funding $1,000,000 in exploration expenditures by no later than March 31, 2027 (extended from a prior deadline of March 31, 2026 by mutual agreement of the parties) Once JOGMEC has earned its 60% beneficial interest in Klow, the parties will thereafter fund exploration expenditures pro rata to their ownership interest If either party's beneficial interest in Klow is diluted below 10%, that party's beneficial interest will be converted into a 1.5% NSR royalty over Klow, with the other party retaining a right to buy-back 1.0% of the NSR royalty for $3,500,000 The Klow Property is located on the traditional territories of multiple First Nations, many of whom are engaged on FPX's nearby Baptiste Nickel Project. Note 1: Historic Sampling and Analytical Methods Many of the historic rock and drill-core results within the Company's Klow Property database were analyzed for "nickel-in-alloy" by a proprietary geochemical extraction which selectively targets nickel in awaruite (nickel-iron alloy) and does not recover significant nickel from sulphide or silicate minerals. Current industry best practices for analysis of magnetically recoverable nickel (awaruite) utilize Davis Tube Recoverable (DTR) analysis. DTR nickel values refer to the portion of the total contained nickel that is recovered from a magnetically separated fraction of the sample. While both methods measure nickel in awaruite, awaruite particle exposure and grain size influence each method slightly differently; therefore these results are not directly comparable. All analytical work on 2025 Klow samples will utilize Davis Tube Recoverable (DTR) analysis. Keith Patterson, FPX's Vice President, Exploration, FPX's Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release. 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 or contact Martin Turenne, President and CEO, at (604) 681-8600 or [email protected]. 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. SOURCE FPX Nickel Corp.
Cision Canada
20-05-2025
- Business
- Cision Canada
FPX Nickel Provides Update on Affiliate Company CO2 Lock Corp.
VANCOUVER, BC, May 20, 2025 /CNW/ - FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX" or the " Company") is pleased to provide an update on the activities of its affiliate company, CO2 Lock Corp. (" CO2 Lock"). Background In 2022, FPX announced the formation of CO2 Lock as a self-funding subsidiary to pursue geoscience-related carbon capture and storage (" CCS") opportunities via permanent mineralization of carbon dioxide. FPX retains 100% of the carbon credits associated with CCS on FPX's own properties, and can use any intellectual property developed by CO2 Lock for the benefit of FPX's own properties. Since its inception, CO2 Lock has completed multiple field programs at its flagship SAM site in central British Columbia, including a successful CCS field program in 2023, which included drilling an exploration well. This achievement marked a significant milestone in the development of CO2 Lock's innovative in-situ CO 2 mineralization technology. Commercial Updates In recent months, CO2 Lock has achieved several commercial milestones, including the signing of preliminary agreements with key counterparties in the CCS value chain as follows: Letter of Intent with Cielo Carbon Solutions (" Cielo") and Carbon Quest outlining the framework for capturing and sequestering 100,000 tonnes of CO 2 per year, scaling up to a target of 1 million tonnes per year. This strategic relationship combines Cielo and Carbon Quest's point-source carbon capture solution with CO2 Lock's storage solution to create an end-to-end value chain from industrial emitters to the permanent storage of carbon dioxide. Memorandum of Understanding with Ionada Carbon Solutions LLC (" Ionada") to pursue a variety of commercial arrangements relating to the capture and storage of carbon dioxide and the related sale of carbon credits into the commercial market. The collaboration will integrate Ionada's proprietary carbon capture technology with CO2 Lock's permanent mineralization storage solutions, creating end-to-end carbon capture storage systems that are cost-effective and scalable. Letter of Intent with a leading carbon marketplace platform (the " Platform"), under which the Platform will purchase up to 33% of the carbon credits generated annually from CO2 Lock's flagship SAM carbon sequestration site, representing the potential for over 300,000 verified carbon credits (tonnes) per year. Following the successful field program in 2023, CO2 Lock has submitted an application for a carbon capture and storage exploratory reservoir license with British Columbia's Ministry of Energy and Climate Solutions. Receipt of this license would provide CO2 Lock with the regulatory approval to advance the project towards commercial operations at the SAM project. CO2 Lock Financing and Restructuring CO2 Lock recently completed the final $600,000 tranche of its latest funding round, which raised a cumulative total of $1.7 million through a Simple Agreement for Future Equity (" SAFE") from third-party investors. Since its inception, CO2 Lock has raised a total of approximately $3.4 million from third-party investors. In connection with the closing of the SAFE round, FPX and CO2 Lock have agreed to a restructuring of CO2 Lock's capital structure such that FPX's undiluted ownership interest in CO2 Lock has been reduced from approximately 88% (prior to the SAFE round) to 30% (on conclusion of the SAFE round). This restructuring better positions CO2 Lock to seek additional funding from third party investors going forward, while ensuring that FPX retains a meaningful ownership interest in CO2 Lock and enduring rights to utilize CO2 Lock's intellectual property for the benefit of FPX's own properties. 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 unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at or contact Martin Turenne, President and CEO, at (604) 681-8600 or [email protected]. 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.
Globe and Mail
03-05-2025
- Business
- Globe and Mail
Looking for Exposure to PLTR Stock Ahead of Q1 Earnings? Try These Two ETFs
Palantir (PLTR) stock has rallied 180.6% over the past six months, due to strong demand for its AI data analytics platforms and key partnerships. The company is focused on growing its business, expanding globally, and launching new products. It is also signing deals outside the U.S., including contracts with NATO and other defense groups. Thus, investors looking for exposure to PLTR stock may consider investing in these two ETFs: First Trust US Equity Opportunities ETF (FPX) and REX AI Equity Premium Income ETF (AIPI). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. It is worth mentioning that PLTR is scheduled to report its Q1 results on May 5. Currently, analysts expect Palantir to report Q1 earnings per share (EPS) of $0.13, up 62.5% from the prior-year quarter. Also, the company's revenue is expected to increase 35.9% to $862.17 million in the first quarter. Let's take a deeper look at these two ETFs. First Trust U.S. Equity Opportunities ETF The FPX ETF provides exposure to high-growth companies in their early public stages, making it a unique ETF for IPO-focused investors. The ETF aims to track the performance of the IPOX-100 U.S. Index. Importantly, PLTR accounts for 10.09% of FPX's total holdings. Some of the top holdings in FPX ETF include GE Vernova (GEV), AppLovin (APP), and Roblox (RBLX). Overall, the ETF has $775.61 million in assets under management (AUM) and an expense ratio of 0.59%. Over the past six months, the FPX ETF has generated a return of 18.87%. On TipRanks, FPX has a Moderate Buy consensus rating based on 89 Buys, 10 Holds, and two Sells assigned in the last three months. At $137.63, the average FPX ETF price target implies 14.19% upside potential. REX AI Equity Premium Income ETF The AIPI ETF invests in AI companies, aiming for growth and income generation. It follows the BITA AI Leaders Select Index and writes covered call options to boost earnings. The fund balances capital growth with steady income, adjusting to market trends. PLTR stock constitutes 12.67% of the ETF's holdings. Apart from PLTR, some of the top stocks in the AIPI ETF are Crowdstrike (CRWD), Nvidia (NVDA), and ARM Holdings (ARM). Overall, the ETF has $265.96 billion in AUM. Also, it has an expense ratio of 0.65%. The AIPI ETF has returned 2.6% in the past year. Turning to Wall Street, the ETF has a Moderate Buy consensus rating. Of the 27 stocks held, 21 have Buys and six have a Hold rating. At $47.62, the average AIPI ETF price target implies a 18.07% upside potential. Concluding Thoughts ETFs provide indirect exposure to PLTR, reducing risk compared to investing directly in the stock. Furthermore, ETFs are a liquid and transparent way to participate in the market. Investors seeking ETF recommendations might consider FPX and AIPI, as these ETFs offer exposure to Palantir stock.
Cision Canada
29-04-2025
- Business
- Cision Canada
FPX Nickel Announces Board and Management Changes
VANCOUVER, BC, April 29, 2025 /CNW/ - FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX" or the " Company") is pleased to announce the appointment of Dan Apai, P. Eng., as the Company's Vice President, Projects effective May 1, 2025. Mr. Apai succeeds Andrew Osterloh, who will be departing his role as a Company employee on May 9, 2025. Further, the Company is pleased to announce that Mr. Osterloh will be nominated for election as a Board member at the Company's annual general meeting to be held on June 26, 2025. Martin Turenne, President and CEO of FPX stated, "On behalf of the Board of Directors, I would like to thank Andrew for his dedication and service to the Company. During Andrew's tenure and under his leadership, the Company has significantly improved the development basis for the Baptiste Nickel Project, including progressing technical maturity in the areas of metallurgy, engineering, and execution planning. We are grateful for his efforts and wish him the very best going forward." Mr. Turenne continued, "I am delighted to welcome Dan to our senior management team. Dan has been a valuable contributor since he joined the Company in January 2023 as our Engineering Manager. Dan brings a wealth of knowledge from prior experience developing and commissioning multiple large-scale projects and his deep familiarity with Baptiste will ensure a smooth transition as we further advance the Project." "We are very happy to welcome Andrew to the FPX Board," commented the Company's Chairman, Peter Bradshaw. "Andrew has demonstrated exceptional leadership in progressing Baptiste through the development of the prefeasibility and refinery studies. His deep understanding of the Project and strategic insights will be a significant asset to our Board. We look forward to his contributions as a Board member to the Company's continued success." Mr. Osterloh joined FPX in June 2021, bringing with him extensive experience from project management roles at Fluor Canada and site operations positions at several notable mining projects, including Eskay Creek (that is now being redeveloped by Skeena Gold & Silver) and Huckleberry, operated by Imperial Metals, both located in British Columbia. Mr. Osterloh will be assuming the role of VP, Engineering & Construction at Skeena Gold & Silver, as the Company undertakes redevelopment of the Eskay Creek Project. Mr. Apai, the Company's Engineering Manager since January 2023, has over twenty years' mining industry experience in civil engineering and engineering management over a diverse range of projects. As Principal Civil Engineer for Fluor Canada, he led study and detailed engineering works for numerous large-scale mining projects for clients including Teck, Newmont, BHP, First Quantum, Glencore, Josemaria Resources, and Newcrest. Dan's technical expertise includes site layout, earthworks, water management, linear facilities (i.e., roads, powerlines, pipelines), and water supply systems – all elements that strongly influence the capital intensity, permitability, and operability of mining projects. Mr. Apai is a Member of the Association of Professional Engineers of British Columbia and holds a Bachelor of Engineering from the University of Western Australia. 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 (Ni 3 Fe) hosted in an ultramafic/ophiolite complex. The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world and will produce a very high grade product that does not required any intermediate smelting or complex refining. The Baptiste mineral claims cover an area of 453 km 2 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$55 million has been spent on the exploration and development of Baptiste. FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders. 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 unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at or contact Martin Turenne, President and CEO, at (604) 681-8600 or [email protected]. 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.
Yahoo
08-04-2025
- Business
- Yahoo
FPX Nickel extends exploration partnership with JOGMEC
Canada-based nickel mining company FPX Nickel has extended its Global Generative Exploration Alliance with the Japan Organization for Metals and Energy Security (JOGMEC), turning it into an open-ended joint venture (JV). After two years of collaboration, the partnership will continue to focus on identifying and acquiring high-quality awaruite nickel properties globally, particularly those geologically similar to FPX's flagship Baptiste Nickel Project in British Columbia. The Generative Alliance has established a budget of C$1.5bn for its third year, running from April 2025 to March 2026. FPX Nickel will now take a majority position in the alliance, contributing 60% of the expenditures and securing a corresponding ownership stake in new JV projects generated by the alliance. The alliance has gathered more than 2,000 samples through ongoing evaluations in ten global and four Canadian jurisdictions, leading to the acquisition of the alliance's first Designated Project, with details expected to be announced in the coming months. FPX vice-president exploration Keith Patterson said: 'Having made excellent progress during the first two years of our global exploration partnership with JOGMEC, we are excited to have identified and secured the first Designated Project for this joint venture. 'Ongoing activities continue to reinforce confidence in our targeting strategy, and we look forward to securing and announcing additional large-scale awaruite property acquisitions in the third year of the Generative Alliance.' The funding structure for the alliance has evolved since its inception in April 2023. JOGMEC initially funded 100% of the C$650,000 budget in the first year. The second-year budget expanded to C$1.5bn, with JOGMEC providing 60% after fulfilling its initial commitment, and FPX contributing the remaining 40%. Moving into the third year, FPX will increase its funding share to 60%, with JOGMEC covering the remaining 40%. Designated Projects that emerge from the alliance's efforts will be jointly owned, with FPX holding a 60% stake and JOGMEC 40%, from 1 April 2025 onwards. Each project will have a dedicated work programme and budget aimed at testing and developing the identified targets. A JOGMEC representative said: 'JOGMEC is very pleased to proceed with Year Three activities with a view to identifying significant new awaruite deposits, which could be a globally significant, low-carbon source of nickel for the electric vehicle battery supply chain toward the realisation of a carbon-neutral society.' In September 2023, FPX Nickel signed a memorandum of understanding with JOGMEC and the Prime Planet Energy & Solutions JV to bolster the battery metal supply chain with a reduced environmental footprint. "FPX Nickel extends exploration partnership with JOGMEC" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
