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In this MSE episode, FPX Nickel CEO Martin Turenne explains why Sumitomo Metal Mining\u2019s 9.9% investment in FPX validates the Baptiste deposit. Martin also provides an update on FPX\u2019s recent achievements and 2024 goals. \u201cThis strategic investment by Sumitomo Metal Mining represents another significant technical validation of FPX\u2019s Baptiste Nickel Project and underscores our view that Baptiste is a class-leading asset,\u201d commented Martin Turenne, FPX\u2019s President and CEO. \u201cSMM is one of the world\u2019s largest nickel producers, with peer-leading expertise in mining, processing and refining products in the stainless steel and electric vehicle battery supply chains. FPX is pleased to be one of SMM\u2019s preferred partners as they look to expand their nickel production profile and diversify their supply chain to allied partners in North America.\u201d Eiichi Fukuda, Executive Officer and General Manager of Mineral Resources Division of SMM stated, \u201cWe expect that this investment will establish a strong relationship between SMM and FPX, with the aim to contribute to SMM\u2019s long term production target of 150,000 tonnes of nickel per year. We have a long business history in Canada with a variety of partners, and we are excited to be working with FPX.\u201d FPX Nickel (TSX-V: FPX, OTCQB: FPOCF) has entered into a subscription agreement for a private placement financing with a new cornerstone strategic investor, Sumitomo Metal Mining Co., Ltd. (TSE: 5713) (\u201cSMM\u201d). Under the terms of the Private Placement, FPX will issue 30,104,488 common shares in the capital of the Company to SMCL at a price of $0.48 per Private Placement Common Share, for gross proceeds of $14,450,154. Upon completion of the Private Placement, SMCL will own 9.9% of FPX\u2019s issued and outstanding common shares on a non-diluted basis. 0:00 Introduction 1:07 Sumitomo Metal Mining invests in FPX 2:14 FPX\u2019s corporate investors 4:38 Why Japanese companies invest in FPX 6:57 Awaruite nickel deposit attracted corporate investors 8:15 First Nations issue a concern for Sumitomo? 11:14 Van target 12:56 FPX treasury now at C$42M 13:40 Why aren\u2019t FPX shares higher already? 16:01 Institutional & Corporate FPX investors 18:11 Setting up the buyout for FPX 19:39 Focus on Baptiste deposit in 2024 20:53 Goals for Baptiste feasibility study Company website: https://fpxnickel.com/ Press release found here: https://fpxnickel.com/news/fpx-nickel-announces-14-4-million-strategic-equity-investment-from-major-global-nickel-producer-sumitomo-metal-mining/ FPX Nickel PFS Presentation: https://fpxnickel.com/wp-content/uploads/FPX-Presentation.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. The forward-looking statement found in FPX\u2019s most-recent presentation (linked above in the show notes) applies to the entire content of this MSE episode.