FPX Nickel (TSXV: FPX; US-OTC: FPOCF) has started the environmental assessment for its Baptiste project in central British Columbia while testing market routes for an awaruite product it says could feed both stainless steel mills and electric-vehicle batteries.
FPX plans on releasing a detailed project description in 2027 and a feasibility study in 2028. Its 2023 prefeasibility study outlined a 29-year mine producing 132 million lb. nickel a year on average, enough to rank among the world’s 10 largest operations.
“The more markets that you can sell into, the more customers that you have, the greater your opportunity to maximize revenue,” CEO Martin Turenne told The Northern Miner’s Western Editor, Henry Lazenby. “Not a lot of mining companies have that ability.”
Ottawa has put $3.5 million (US$2.5 million) into road and power studies for Baptiste, while strategic investors Sumitomo Metal Mining and Outokumpu each own about 10% of the company.
Watch the full interview below:
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