FPX Nickel is advancing the PFS-stage Baptiste nickel project in British Columbia, Canada. Baptiste is expected to be one of the 10 largest nickel operations in the world, producing approx. 44,000 tonnes of nickel per year over a 35-year mine life at low C1 operating costs of US$6,000/tonne. Further, the project is expected to be one of the lowest carbon-footprint nickel mines in the world, with CO2 emissions of 3 tonnes CO2/tonne Ni produced (vs. industry average of 30 tonnes CO2/ tonne Ni).
Allyn Knoche – 15%
Peter Bradshaw – 13%
Corporate Strategic Investor, Confidential – 9.9%
Other Management – 6%
Management Ownership – 19%
Martin Turenne – President & CEO
Martin Turenne is a mining executive with extensive hands-on experience in company leadership, mine project development and financing, corporate governance, Indigenous relations and government advocacy. Mr. Turenne is a CPA, CA with 20 years of progressive and diverse experience in the resources industry, ranging from exploration and development-stage juniors to large multinational producers. He graduated with a Bachelor’s in Business Administration from Simon Fraser University and earned his professional qualifications while working at KPMG Vancouver LLP. He also serves as a Director of Elemental Altus Royalties Corp., a gold-focused royalty company listed on the TSX Venture Exchange.
1 September 2022 — FPX Nickel Scoping Study Outlines Development of World’s Largest Integrated Nickel Sulphate Operation for EV Battery Supply Chain at Baptiste Project in British Columbia
Completion of metallurgical testwork ahead of PFS
Completion of PFS by September 2023
Commencement of formal project permitting (mid-2024)
As we advance Baptiste through the PFS stage and intro project permitting, the key risks of the project are those of any large-scale project such as ours, centering around project permitting and ensuring that we build on the history of positive engagement with our First Nations partners to deliver a fully permitted project in coming years. We are currently well advanced through the completion of environmental and cultural baseline studies and believe we will be prepared to engage the provincial and federal regulators with the submission of our initial project description in 2024.
Long-life, low-cost, low-carbon nickel project development in Canada, ticking all the boxes as a strong candidate for M&A interest from large diversified mining companies.
Low-cost, low-carbon, made in Canada