VANCOUVER, BC, Sept. 23,
2024 /CNW/ - FPX Nickel Corp. (TSX-V: FPX,
OTCQB: FPOCF) ("FPX" or the "Company") is pleased
to announce the appointments of Nigel
Fisher as Director, Environment and Jarett Lalonde as Director, Government &
Public Affairs for the Company. Mr. Fisher will lead the
advancement of environmental and regulatory programs for FPX
projects, while Mr. Lalonde will lead the Company's public
communications and government relations strategies.
"We are excited to grow our team with Nigel and Jarett,"
commented Tim Bekhuys, FPX's Senior
Vice-President, Sustainability & External Relations. "Mr.
Lalonde has a proven track record as a trusted government relations
advisor to corporations, governments and nonprofits, and brings a
wealth of knowledge and strategic insight to our team. Mr.
Fisher has been instrumental in permitting and advancing many of
British Columbia's largest mines,
including most recently, the Blackwater and Eskay Creek mines, and will lead our
Environmental Permitting and Assessment for the Baptiste
Project."
Mr. Fisher brings 20 years' experience leading environmental
assessments, permitting and management systems, developing and
executing on regulatory strategy and advancing governance and
funding agreements with Indigenous governments across British Columbia. Mr. Fisher has held
progressively senior roles with New Gold, Teck Resources, Woodfibre
LNG, and most recently, Skeena Resources as Director of Environment
and Regulatory Affairs. In his prior roles, he successfully
obtained multiple regulatory approvals for large-scale resource
projects while maintaining compliance with existing and changing
legislation.
Mr. Lalonde is a highly regarded public affairs leader with over
20 years' experience in the natural resources, technology, and
regulated products sectors. In his most recent role as Global
Head of Product Policy at Shopify, Mr. Lalonde was instrumental in
crafting compelling public affairs narratives for the company's
diverse product offerings and spearheading engagement with policy
makers across North America and
Europe. Before joining Shopify, he worked with Global Public
Affairs, a leading government relations and strategic
communications firm, where he performed advisory work for numerous
companies advancing large-scale natural resource projects in
British Columbia and across
Canada. Mr Lalonde previously served as Chief of Staff to the
Attorney General & Minister of Justice for the province of
British Columbia, and as Policy
Advisor to the Minister of Natural Resources Canada.
Stock Option Grant
FPX has granted 775,000 stock options to certain employees of
the Company. The stock options are exercisable at a price of
$0.35 per share for a five-year
period commencing on September 23,
2024.
Market Making Services
Further to its news release on August 1,
2024, the Company has engaged the services of Insight
Capital Partners Inc. ("Insight") and its market making
service provider, ICP Securities Inc. ("ICP") (the
"Engagements") effective August 1,
2024.
Pursuant to an agreement (the "Consulting Agreement")
between the Company and Insight, Insight will provide capital
markets consulting services, including providing the Company with
advice and information regarding trading activity, for a term of
twenty-four (24) months, provided that after a period of four (4)
months either party may terminate the Consulting Agreement on
thirty (30) days notice.
In addition, pursuant to an agreement (the "Market Making
Agreement") between the Company and ICP, the Company has
engaged ICP to provide market making services. As previously
announced, ICP will provide automated market making services,
including use of its proprietary algorithm, ICP
PremiumTM, in compliance with the policies and
guidelines of the TSX Venture Exchange and applicable securities
laws. The Market Making Agreement is for an initial term of four
(4) months (the "Initial Term") and shall be automatically
renewed for subsequent one (1) month terms (each subsequent
one-month term called an "Additional Term") unless either
party provides at least thirty (30) days written notice prior to
the end of the Initial Term or an Additional Term, as
applicable.
As previously disclosed, there are no performance factors
contained in the Consulting Agreement and no stock options or other
compensation are being granted in connection with the Engagements.
Both Insight and ICP are at arm's length to the Company. Insight
and ICP do not have any interest, directly or indirectly, in FPX
Nickel or its securities or any right or intent to acquire such an
interest at this time; however, Insight, ICP and its clients may
acquire an interest in the securities of the Company in the
future.
ICP's market-making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's
shares. ICP will be responsible for the costs it incurs in buying
and selling the Company's shares, and no third party will be
providing funds or securities for the market making activities.
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 Decar Nickel District, located in central British Columbia, and other occurrences of the
same distinctive style of nickel-iron mineralization. For more
information, please view the Company's website at
www.fpxnickel.com.
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
materially from those currently projected by management at the
time of writing due to many factors the majority of which are
beyond the control of FPX and its management. In particular, this
news release contains forward-looking statements pertaining,
directly or indirectly, to the following: the duration of the
Consulting Agreement and the Market Making Agreement, and the
services provided thereunder. These statements speak only as of
the date of this release or as of the date specified in the
documents accompanying this release, as the case may be. The
Company does not assumes the obligation to update any
forward-looking statement except as expressly required by
applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
SOURCE FPX Nickel Corp.
