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b'FPX Nickel (TSX-V: FPX, OTCQB: FPOCF) just announced and closed a $16 million strategic equity investment from major global stainless steel producer Outokumpu. FPX has issued 26,800,000 common shares in the capital of the company to Outokumpu at a price of C$0.60 per common share, for gross proceeds of C$16,080,000. Upon completion of the private placement, Outokumpu now owns approximately 9.9% of FPX\\u2019s issued and outstanding common shares on a non-diluted basis. CEO Martin Turenne stated: \\u201c\\u201cThis strategic investment by Outokumpu represents a significant technical validation of FPX\\u2019s Baptiste Nickel Project, and underscores Canada\\u2019s critical role as a supplier of choice to allied industrial partners in Europe and the United States, Outokumpu is a large and highly-regarded global operator, with a robust track record of producing the world\\u2019s most sustainable stainless steel, and is one of the largest single consumers of nickel in the world. Our partnership with Outokumpu testifies to Baptiste\\u2019s potential to produce a premium nickel product that can bypass the intermediate smelting stage, thus becoming a highly sought-after feedstock for the responsible production of low-carbon finished products in multiple consumer and industrial markets, including stainless steel. FPX is pleased to be Outokumpu\\u2019s preferred partner as they look to secure the sustainable, long-life nickel units which are best aligned with their strategic objectives.\\u201d 0:00 Introduction 1:24 Outokumpu invests $16mm into FPX Nickel 3:01 Why Outokumpu wanted to invest in FPX 4:46 Drawbacks to doing deal with a stainless steel partner? 6:55 FPX\\u2019s low-cost renewable energy source 9:03 Electrified mining fleet=even lower carbon emissions 10:26 Advancing through the mining development cycle 13:05 Lithium stealing nickel\\u2019s luster? 15:01 Hunting for \\u201cnickel elephants\\u201d with JOGMEC 18:42 $33mm in the treasury 20:32 \\u201cWe may never have to do a traditional capital raise again\\u201d Company website: https://fpxnickel.com/ Press release found here: https://fpxnickel.com/news/ FPX Nickel Presentation: https://fpxnickel.com/wp-content/uploads/2023/04/FPX-Presentation-Q2-2023-v1.pdf Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 FPX Nickel is an MSE sponsor. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.'