FPX Nickel Outlines Worlds Largest Integrated Nickel Sulphate Operation for EV Battery Supply
FPX Nickel (TSXV:FPX; OTC:FPOCF) CEO Martin Turenne explains the results of an internal engineering scoping study evaluating the production of nickel sulphate for the electric vehicle battery supply chain from the high-grade awaruite nickel concentrate to be produced by the Company\u2019s Baptiste Nickel Project in central British Columbia. The Study highlights FPX\u2019s potential to develop the world\u2019s largest integrated nickel sulphate production facility, linking the Company directly into the EV battery supply chain via the production of low-cost, low-carbon nickel sulphate over Baptiste\u2019s projected 35-year mine life.
\u201cThis scoping study demonstrates that Baptiste could become a globally significant producer of low-cost, low-carbon nickel for electric vehicles for decades to come,\u201d commented Martin Turenne, FPX\u2019s President and CEO. \u201cBaptiste\u2019s awaruite nickel mineralization has clear technical advantages over sulphide and laterite ores for producing nickel sulphate, offering a lower-cost, lower-carbon path from mine-to-market in the EV battery supply chain. Given its extremely high nickel content (over 60% nickel) and low levels of impurities, our high-grade nickel concentrate has distinct advantages over low-grade nickel sulphide concentrates (under 20% nickel), and is already comparable to intermediate nickel sulphate feedstocks like mixed hydroxide precipitate, mixed sulphide precipitate, or nickel matte.
\u201cWe look forward to continued engagement with downstream participants in the EV battery supply chain, including chemical companies, battery makers and automotive OEMs, and expect to incorporate the results of this internal scoping study into the next stage of formal project study for Baptiste, with a new National Instrument 43-101 technical report anticipated in the first half of 2023.\u201d
0:00 Introduction
1:42 Inflation Reduction Act increases demand for North American nickel production
4:11 Not enough nickel to meet politician\u2019s EV goals
5:47 Baptiste deposit best-case scenario production in 2029-2030
7:22 Internal Baptiste scoping study highlights
10:22 Working with downstream battery makers & automotive manufacturers
12:14 EV manufacturers need battery metal miners
14:00 FPX Nickel\u2019s valuation
15:35 FPX can become a top 5 Canadian cobalt producer
16:58 CO2 Lock Corp. spin-out company
20:06 Van target step-out drill program
22:33 Upcoming catalysts
24:31 Treasury and burn rate
Company website: https://fpxnickel.com/
Press release discussed: https://fpxnickel.com/2022/09/fpx-nickel-scoping-study-outlines-development-of-worlds-largest-integrated-nickel-sulphate-operation-for-ev-battery-supply-chain-at-baptiste-project-in-british-columbia/
FPX Nickel Presentation: https://fpxnickel.com/wp-content/uploads/2017/08/FPX-Nickel-Corporate-Presentation.pdf
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