![]() FPX's mineral claims cover an area of 245 km 2 west of the Middle River and north of Trembleur Lake, in central British Columbia. The Company's Decar Nickel District represents a large-scale greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite (Ni 3Fe) hosted in an ultramafic/ophiolite complex. The Company will provide further details regarding the scope and objectives of the project prior to the initiation of pilot-scale testwork in the third quarter.Īndrew Osterloh, P.Eng., FPX Nickel's Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release. The project partly funded by the CMRDD program is now underway and will be completed during the first quarter of 2024. This scale of testwork will provide FPX with additional quantities of nickel and cobalt products to conduct a market validation program with downstream consumers in the EV battery supply chain, including large battery companies and automakers. The CMRDD-funded program will include larger pilot-scale testing of the mineral processing flowsheet for the production of awaruite concentrate, followed by bench- and pilot-scale testing of the hydrometallurgical flowsheet to convert awaruite concentrate to nickel sulphate and cobalt hydroxide. The additional testwork and engineering studies funded by the Government of Canada's CMRDD program will accelerate FPX's demonstration of the technical and commercial viability of producing nickel and cobalt products for the EV supply chain from Baptiste awaruite concentrate. ![]() ![]() These testwork results are expected to be reported in the second quarter of 2023 and will be integrated into the preliminary feasibility study (" PFS") to demonstrate the efficient supply of nickel sulphate and cobalt hydroxide products to the battery material supply chain. The Company commenced a bench-scale hydrometallurgical testing program in December 2022 to optimize previous leach testing of Baptiste awaruite concentrate, and to conduct purification and nickel sulphate crystallization testwork. ![]() Martin Turenne, President and CEO of FPX Nickel This means good jobs for workers, more investment in Canadian innovation, and lower emissions across the country – all part of our plan to build a cleaner Canada and a prosperous, sustainable economy that works for everyone." will help to advance the development of a dynamic and competitive critical minerals sector through the development and demonstration of innovative processing technologies. Today's investment of more than $720,000 in FPX Nickel Corp. ![]() "Canadian innovators are leading the way towards a cleaner future. Non-dilutive and non-repayable CMRDD funding of $725,000 marks one of the first instances of direct funding from the Government of Canada to a development-stage mining company under the government's new Canadian Critical Minerals Strategyįunding will allow FPX to accelerate demonstration of the technical and economic viability to produce battery-grade nickel sulphate and cobalt hydroxide for the EV battery supply chain from Baptiste awaruite concentrateīench- and pilot-scale testwork funded by the CMRDD grant will build on previous successful testwork, validating Baptiste's robust and conventional hydrometallurgical flowsheet which is expected to be more environmentally sustainable than traditional production methods, including lower carbon emissions, power consumption, and waste generation ![]()
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