FPX Nickel Endorsed by New Corporate Strategic Investor explains CEO Martin Turenne

FPX Nickel (TSXV:FPX; OTC:FPOCF) CEO Martin Turenne explains the just-announced endorsement of the company’s Baptiste Nickel Project in central British Columbia by a new corporate strategic investor. Via a private placement, FPX will issue 24,000,000 common shares in the capital of the Company to the Strategic Investor at a price of $0.50 per Common Share, for gross proceeds of $12 million which is a approximately 27% premium to market. Upon completion of the Private Placement, the Strategic Investor will own approximately 9.95% of FPX’s issued and outstanding Common Shares on a non-diluted basis. “This is a transformational investment for FPX, providing important support for the continued development of our large-scale, low-cost, and low-carbon Baptiste Nickel Project (the “Project”) in central British Columbia,” commented Martin Turenne, FPX’s President and CEO. “Prior to making the investment, the Strategic Investor conducted multi-functional technical reviews and a Project site visit, and we believe the Private Placement represents a significant endorsement of the Project and our approach to project development. On closing of the Private Placement, the Company will have a working capital position of approximately $18.5 million, which will permit the Company to fully fund the completion of a preliminary feasibility study in the second half of 2023 and fund subsequent project development activities well into 2024.” 0:00 Introduction 1:03 New Corporate Strategic Investor 3:23 Significance of Multiple groups vetting Baptist Nickel Project 4:52 Four main industrial players in EV supply chain 6:59 Treasury 7:45 US Defense Dept might fund Canadian mining projects 11:45 FPX Nickel argument for undervaluation 13:53 CO2 Lock Corp. 15:38 Van Target results 16:29 Baptist deposit updated MRE Company website: https://fpxnickel.com/ Press release discussed: https://fpxnickel.com/2022/11/fpx-nickel-announces-12-million-equity-investment-from-new-corporate-strategic-investor/ FPX Nickel Presentation: https://fpxnickel.com/wp-content/uploads/2017/08/FPX-Nickel-Corporate-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.