Dec 16, 2021
FPX Nickel’s CEO Martin Turenne joined us for a sponsor update and to discuss the company’s new major nickel discovery at the Van Target. So far, each hole drilled has shown significant mineralization and there are more drill results on the way. They’ve scored some of the strongest nickel intercepts ever found in the Decar District. Their Baptiste Project is already the world's third largest undeveloped nickel project and as Martin has stated before, Van could be bigger, much bigger.
Like copper, the price of nickel has been strong. Supplies are diminishing, while demand has been increasing. Nickel is an essential component in EV batteries as well as production of stainless steel. Martin makes a compelling case that the political will now exists to exploit these much-needed resources. They’re essential for the furtherance of governments’ low carbon ambitions.
Presently, Indonesia is the Saudi Arabia of nickel and it's all going to China. It’s not clean nickel, which companies like Tesla are prioritizing. The West requires its own supplies and there’s no better place to start producing than in Canada. While global investors have been giving resource stocks the cold-shoulder, Martin is unperturbed and believes that the tide will soon turn. And he intends to see FPX take a leadership role in the sector’s resurgence.
Company website: www.FPXNickel.com
Ticker Symbols – OTC: FPOCF – TSX.V: FPX