VANCOUVER, BC, July 21,
2023 /CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB:
FPOCF) ("FPX" or the "Company") is pleased to
report a transition and succession plan for the role of the
Company's Chief Financial Officer and Corporate Secretary. FPX's
current and long-serving CFO and Corporate Secretary, Mr.
Chris Mitchell, has informed the
Company of his intention to retire on a flexible timeline in the
second half of 2023 or early 2024. As part of a planned transition
process, the Company has commenced a search for a new CFO and
Corporate Secretary, and Mr. Mitchell will remain available to the
Company on an as-needed basis to support an orderly changeover of
duties to his successor.
"Following a 30-year career in the minerals exploration and
development sector, Chris joined the Company in July 2003," commented Peter Bradshaw, FPX's Chairman. "Since then, he
has been an integral part of FPX's senior leadership group as we
advanced our flagship Baptiste project from discovery drilling in
2010 to the upcoming preliminary feasibility study this September.
On behalf of FPX's board, management, and shareholders, I would
like to thank Chris for his many years of professional service,
greatly valued counsel and keen sense of humour. Throughout his
tenure, Chris has gone above and beyond in service to the Company,
consistently demonstrating attention to detail, and ethical and
committed leadership for the benefit of all FPX stakeholders. Chris
will be missed, and we wish his family and him the very best in his
well-deserved retirement."
About the Decar Nickel
District
The Company's Decar Nickel District represents a large-scale
greenfield discovery of nickel mineralization in the form of a
naturally occurring nickel-iron alloy called awaruite
(Ni3Fe) hosted in an ultramafic/ophiolite complex. FPX's
mineral claims cover an area of 245 km2 west of the
Middle River and north of Trembleur Lake, in central British Columbia. Awaruite mineralization has
been identified in several target areas within the ophiolite
complex including the Baptiste Deposit and the Van Target, as
confirmed by drilling, petrographic examination, electron probe
analyses and outcrop sampling. Since 2010, approximately US
$28 million has been spent on the
exploration and development of Decar.
Of the four targets in the Decar Nickel District, the Baptiste
Deposit has been the focus of increasing resource definition (a
total of 99 holes and 33,700 m of
drilling completed), as well as environmental and engineering
studies to evaluate its potential as a bulk-tonnage open pit mining
project. The Baptiste Deposit is located within the Baptiste Creek
watershed, on the traditional and unceded territory of Tl'azt'en
Nation and Binche Whut'en First Nation, and within several
Tl'azt'enne and Binche Whut'enne keyohs. FPX has conducted mineral
exploration activities to date subject to the conditions of our
agreements with the Nations and keyoh holders.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development
of the Decar Nickel District, located in central British Columbia and other occurrences of
awaruite mineralization. For more information, please view the
Company's website at www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604)
681-8600 or ceo@fpxnickel.com.
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne, President, CEO and
Director
Forward-Looking Statements
Certain of the statements made and information contained
herein is considered "forward-looking information" within the
meaning of applicable Canadian securities laws. These statements
address future events and conditions and so involve inherent risks
and uncertainties, as disclosed in the Company's periodic filings
with Canadian securities regulators. Actual results could differ
from those currently projected. The Company does not assume the
obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
SOURCE FPX Nickel Corp.