Oct 27, 2023
Martin Turenne, CEO of FPX Nickel (🇺🇸FPOCF -- 🇨🇦FPX) provided us with a sponsor update. He shared details about the just filed Baptiste project’s preliminary feasibility study (PFS), which revealed an impressive 18%+ IRR and an NPV exceeding $2 billion US. These findings position Baptiste as a significant future nickel supplier that will “appeal to the world's leading mining companies.”
Turenne also touched upon the collaboration between automotive giant Toyota and electronics leader Panasonic. Together, they've formed Prime Planet Energy and Solutions, which is set to become a major electric vehicle battery producer. He emphasized the growing demand for nickel, and the need for a secure supply chain. Nickel is a vital element in the manufacture of EV batteries.
Lastly, the CEO provided insights into the potential of the Van mineral deposit. He also highlighted FPX Nickel's commitment to establishing and maintaining a respectful relationship with the First Nations tribes. He Recognizes their concerns about mineral exploration and mining development in their territories, Turenne underscored the company's unshakable commitment to responsible and sustainable mining practices.
Visit the company’s website for the latest updates: https://FPXNickel.com