FPX Nickel Corporation (QX)【FPOCF】株式ニュース

FPX Nickel and JOGMEC Delineate Multiple Awaruite Nickel Targets at the Expanded Klow Property in British ColumbiaMarch 26, 2026 7:00 AM
PR Newswire (Canada)

VANCOUVER, BC, March 26, 2026 /CNW/ - FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) ("FPX" or the "Company") is pleased to announce the results from a large-scale rock and stream sediment sampling program at the Company's Klow property ("Klow" or the "Property"), located 45 km north of the Company's Baptiste Nickel Project. Three new awaruite target zones were delineated through reconnaissance rock sampling in 2025 with Davis Tube Recoverable ("DTR") nickel values of up to 0.09%. Work was 100% funded by the Japan Organization for Metals and Energy Security ("JOGMEC") under the terms of an earn-in agreement which provides JOGMEC the option to earn up to a 60% interest in the Property.

HighlightsFour large-scale awaruite nickel targets are now known within the district-scale Klow PropertyStream sediment sampling suggests high potential in additional areas of the Property that remain unexplored to dateThe 2025 sampling program was 100% funded by JOGMEC; the earn-in agreement with JOGMEC has been extended by mutual agreement to March 31, 2028FPX and JOGMEC plan a focused follow-up sampling program in 2026"With support from JOGMEC, our partners on the Klow Property, I'm pleased to report on progress in advancing previously known targets and delineating new targets at Klow" said Keith Patterson, FPX's Vice President of Exploration. "Located along trend from our Baptiste Nickel Deposit, these are some of the most prospective rocks on the planet for awaruite nickel mineralization, and we continue to advance targets at Klow towards drill-ready status."2025 Exploration ProgramThe Klow Property covers approximately 164 km2 and is located 120 km northwest of Fort St. James and 45 km north of FPX's flagship Baptiste Nickel Project. An all-season public road runs along the eastern margin of Klow, with a rail alignment located approximately 12 km west of the property.Crews mobilized to the property in summer 2025, and assisted by periodic helicopter moves, were able to cover large portions of the district-scale Klow Property with focused rock and stream sediment sampling. In total, crews collected 17 stream samples, and 465 samples of prospective serpentinized ultramafic rocks.Klow TargetPrevious work by FPX at the Klow Target outlined a broad zone of awaruite mineralization measuring approximately 1.0 by 1.5 km defined by surface rock samples containing elevated grades of up to 0.13% nickel-in-alloy (a targeted chemical dissolution used to estimate nickel contained in awaruite mineralization, more fully described in Note 1 below). A five-hole drill program was completed in 2012; DH-04 returned a significant result of 316 m at 0.1% nickel-in-alloy, from 10 m below surface (see October 4, 2012 FPX press release).In 2024, a 175.19m interval from drillhole DH-4 (68 samples) was re-analyzed for DTR nickel. The DTR results show a very good correlation with nickel-in-alloy grades; the DTR nickel results average 7-10% higher grade than the previous nickel-in-alloy results.In 2025, limited additional rock sampling was conducted at the Klow Target, with new rock samples from this zone returning up to 0.09% DTR nickel (figure 2).Upper Klow TargetThe Upper Klow Target is located 1.5 km south of the Klow Target (figure 2) and shows a broad area of anomalous DTR nickel covering an area of 1.4 by 1.7 km and DTR nickel values of up to 0.09% DTR nickel. 102 samples were collected at this target with the following distribution of grades:DTR Ni (%)Number of samples> 0.0830.04 - 0.08370.02 - 0.0421< 0.0241Total102Mesa TargetThe Mesa Target is a broad area of anomalous DTR nickel results which requires additional sampling and geological mapping to delineate potential drill targets. The target area currently measures approximately 8.5 by 3.0 km (figure 3); it is expected that additional target delineation work would likely resolve this area into several discrete awaruite target zones. Rock sampling results include DTR nickel values of up to 0.09% and include the following distribution of grades:DTR Ni (%)Number of samples> 0.0810.04 - 0.08230.02 - 0.0467< 0.0242Total133Nick TargetThe Nick target area is located in the south of the Klow claim group. Only limited work was completed here in 2025 but encouraging DTR nickel values of up to 0.08% were received from rock sampling (figure 4). This area will be a target for future follow-up sampling and delineation efforts.DTR Ni (%)Number of samples> 0.0810.04 - 0.0810.02 - 0.045< 0.022Total9Stream Sediment Sampling17 stream sediment samples were collected from drainages sourcing material from serpentinized ultramafic rocks on the Klow Property. Highly anomalous results of up to 0.09% DTR nickel were obtained from the magnetic fraction of -12 mesh (1.68 mm) stream sediments. One sample from the central portion of the Property was collected from a drainage sourcing material from a large area of currently unexplored, yet prospective, serpentinized ultramafic rocks. This area will be a high priority for follow-up in future sampling campaigns.2026 ProgramIn partnership with JOGMEC, FPX is planning a program of follow-up rock sampling at Mesa and Nick during the 2026 field season. Additionally, first pass rock sampling will be undertaken targeting areas above anomalous stream sediment samples collected in 2025.Klow Property Earn-In AgreementOn April 1, 2023, FPX and JOGMEC entered into an earn-in agreement (the "Klow Earn-In Agreement") which provides JOGMEC the option to earn a beneficial interest in FPX's Klow Project ("Klow") in central British Columbia.The key terms of the Klow Earn-in Agreement are as follows:FPX grants to JOGMEC the option to earn a 60% beneficial interest in Klow by funding $1,000,000 in exploration expenditures by no later than March 31, 2028 (extended in the first quarter of 2026 from a prior deadline of March 31, 2027 by mutual agreement of the parties)Once JOGMEC has earned its 60% beneficial interest in Klow, the parties will thereafter fund exploration expenditures pro rata to their ownership interestIf either party's beneficial interest in Klow is diluted below 10%, that party's beneficial interest will be converted into a 1.5% NSR royalty over Klow, with the other party retaining a right to buy-back 1.0% of the NSR royalty for $3,500,000First Nations EngagementThe Klow Property is located on the traditional territories of multiple First Nations, many of whom are engaged on the nearby Baptiste property. On October 1, 2025, FPX announced the signing of an Exploration Agreement with the Takla Nation which outlines a collaborative framework for FPX and Takla Nation to move forward responsibly with early-stage exploration.Note 1: Historic Sampling and Analytical MethodsMany of the historic rock and drill-core results within the Company's Klow Property database were analyzed for "nickel-in-alloy" by a proprietary geochemical extraction which selectively targets nickel in awaruite (nickel-iron alloy) and does not recover significant nickel from sulphide or silicate minerals. Current industry best practices for analysis of magnetically recoverable nickel (awaruite) utilize Davis Tube Recoverable (DTR) analysis. DTR nickel values refer to the portion of the total contained nickel that is recovered from a magnetically separated fraction of the sample. While both methods measure nickel in awaruite, awaruite particle exposure and grain size influence each method slightly differently; therefore these results are not directly comparable.2025 Sampling and Analytical MethodsOne- to two-kilogram rock samples were collected in the field from outcrop or locally sourced float in areas where outcrop was unavailable. Locations were documented using handheld GPS units. Once bagged, tagged, and sorted, samples were shipped to Activation Laboratories in Kamloops, British Columbia and Ancaster, Ontario.Sample preparation involved crushing the entire sample to 80% less than 2 mm, riffle splitting 250 g, and pulverization of the split to greater than 95% passing 74 microns. Analytical procedures included whole rock analysis by lithium metaborate/tetraborate fusion ICPOES, Davis Tube magnetic separation, and lithium borate fusion XRF analysis on the magnetic separate. The DTR nickel grade is calculated by multiplying the magnetic separate XRF fusion nickel value by the weight of the magnetic fraction, divided by total recorded weight.QA/QC procedures included the insertion of commercial and awaruite-specific standards and blanks at up to 10% rated in certain batches. Actlabs inserts additional commercial standards in all phases of the analytical procedures, duplicates at multiple stages in the preparation procedures and blanks. All QA/QC data was reviewed and found acceptable given the stage of the sampling programs conducted. The DTR method is a bench scale metallurgical test procedure and is used to provide a measure of magnetically recoverable nickel and is the global, industry standard for geometallurgical testing for magnetic recovery operations and exploration projects.Keith Patterson, P.Geo., FPX's Vice President, Exploration, FPX's Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release.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 the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/.On behalf of FPX Nickel Corp."Martin Turenne"
Martin Turenne, President, CEO and DirectorForward-Looking StatementsCertain 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.

Original: FPX Nickel and JOGMEC Delineate Multiple Awaruite Nickel Targets at the Expanded Klow Property in British Columbia

FPX Nickel Reports Confirmatory Results from Geotechnical Drilling at the Baptiste Nickel ProjectFebruary 4, 2026 7:00 AM
PR Newswire (Canada)

VANCOUVER, BC, Feb. 4, 2026 /CNW/ -FPX Nickel Corp. (TSX-V: FPX, OTCQX: FPOCF) ("FPX" or the "Company") is pleased to report assay results from select drill holes completed during its 2025 engineering field investigation program at the Baptiste Nickel Project ("Baptiste" or the "Project") in central British Columbia.As previously announced (see FPX's August 27, 2025 news release), the 2025 engineering field investigation program completed approximately 1,935 m of geotechnical, hydrogeological and condemnation drilling, with the majority of the meterage focused within the Project's open pit footprint. Results include significant Davis Tube Recoverable ("DTR") nickel values in areas within and beyond the current open pit shell and generally confirm or exceed the grades predicted by the current Baptiste mineral resource estimate ("MRE").Data obtained from the 2025 field program provides valuable input for developing and refining the pit geotechnical and hydrogeological models. Results indicate that rock mass structural orientations are generally consistent with the regional structural features, and that previously defined structural domains within the pit remain valid."The 2025 field program achieved all objectives in continuing to build a robust dataset for Baptiste, supporting both the recently launched environmental assessment process and the planned completion of a feasibility study for the Project," said Martin Turenne, FPX's President and CEO. "We are particularly pleased by the encouraging assay results that broadly confirm grades predicted by the Project's current mineral resource estimate and suggest the potential to expand the footprint of mineralization in the next stages of drilling and resource modelling."Feasibility Study Drilling and Mineralized IntersectionsThree drill holes completed for geotechnical characterization purposes during the 2025 engineering field investigation program were secondarily sampled and analyzed for DTR nickel (see Figure 1 plan map). Holes were oriented to intersect the planned open pit walls and therefore include intervals both within and exterior to the planned open pit (see Figure 2).Hole 25GM-01, drilled to the southeastern portion of the planned open pit wall, intersected awaruite nickel mineralization hosted by serpentinized ultramafic rocks with grades locally exceeding those estimated in the current MRE block model. The hole returned 290.65 m at 0.134% DTR nickel including a higher-grade interval within the current open pit shell of 194.30 m at 0.142% DTR nickel.Hole 25GM-02, drilled toward the northeastern portion of the planned open pit wall, intersected awaruite nickel mineralization consistent with grades predicted by the current MRE block model. 345.35 m at 0.117% DTR nickel including a higher-grade interval of 115.70 m at 0.128% DTR nickel were returned.Hole 25GM-03 was drilled toward the southwestern portion of the planned open pit wall, targeting the unmineralized footwall for geotechnical engineering purposes. This hole intersected awaruite nickel mineralization within ultramafic rocks with grades and thicknesses consistent with those estimated in the current MRE block model, with 66.00 m at 0.103% DTR nickel including 44.00 m at 0.124% DTR nickel.Hole-IDFrom(m)To(m)Mineralized Interval(m)>5m Dyke Intervals (excluded)(m)DTR Ni1(%)Total Ni1(%)Comments25GM-01 249.80367.90290.6527.450.1340.198
Including49.80250.30194.306.200.1420.196Within pit shellIncluding257.40367.9089.2521.250.1260.207Outside pit shelland475.10501.8026.700.000.1170.208Outside current MRE25GM-02 23.30368.60345.3519.950.1170.202
Including3.30117.30114.000.000.1300.206
25GM-0322.2088.2066.000.000.1030.213
Including22.2066.2044.000.000.1240.213
Table 1 – Selected mineralized intervals from 2025 geotechnical drilling at the Baptiste Nickel Project1All mineralized core samples are assayed for Davis Tube Recoverable ("DTR") Nickel and Total Nickel. DTR Nickel analyses measure only the magnetically recoverable nickel hosted in medium- to coarse-grained awaruite (nickel–iron alloy), and the Davis Tube method is a bench-scale metallurgical test procedure that provides an estimation of magnetically recoverable nickel and represents the global industry-standard geometallurgical test for magnetic recovery operations and exploration projects (see "Sampling and Analytical Methods" below). Elevated DTR nickel values in the Baptiste zones indicate that nickel in these target areas is primarily contained in awaruite with grain sizes sufficiently coarse to be recovered by magnetic separation. Total Nickel analyses measure the bulk nickel content of the sample, comprising both magnetically recoverable and non-recoverable nickel. Total nickel values in ultramafic core samples collected to date range from 0.13% to 0.37% and average 0.21%, values that are consistent with typical background nickel concentrations in ultramafic rocks sampled globally and reflect total nickel content rather than magnetically recoverable nickel.2 Mineralized domains at Baptiste are intersected by steeply dipping, non-mineralized dykes. Dykes exceeding 5 meters in thickness were modelled as waste and excluded from the Mineral Resource, whereas dykes less than 5 meters thick were modelled as internal dilution and assigned a zero-grade value. Reporting of mineralized intervals follows the approach taken by the 2022 Mineral Resource with dykes of greater than 5 m width excluded from the mineralized interval.Sampling and Analytical MethodHQ size drill core were halved and quartered, respectively, on-site using a diamond blade core cutting saw. Drill core was sampled continuously downhole at nominal 4 m intervals except for post mineralization dikes and non-mineralized rock types as they historically have had zero grade. Samples were bagged and sealed with tamper proof tags and shipped to Activation Laboratories in Kamloops, British Columbia, for sample preparation. Sample preparation involved crushing the entire sample to 90% passing 2 mm, riffle splitting 250 g, and pulverizing the split to 95% passing 74 microns. Analytical work was completed at Activation Laboratories in Ancaster, Ontario and included lithium metaborate/tetraborate fusion ICP and DTR Ni analysis. DTR Ni analysis involved processing a 30 g split of the pulp through a Davis tube magnetic separator as a slurry using a constant flow rate of 400 milliliters per minute, a magnetic field strength of 3,500 Gauss, and a tube angle of 45 degrees to produce magnetic and non-magnetic fractions. The magnetic and non-magnetic fractions were dried, weighed and the magnetic fraction was analyzed by fusion X-Ray Fluorescence ("XRF") for multiple elements, including nickel, cobalt, iron and chromium. The DTR Nickel grade was then calculated by multiplying the XRF fusion nickel value by the weight of the magnetic fraction and dividing by the total recorded feed weight.QA/QC procedures involved the analysis of field and prepared duplicates, insertion of certified reference materials and DTR, and non-certified blanks to assess the accuracy and precision of the Davis tube magnetic separation and XRF analysis that are used to determine the DTR Nickel content. The Davis Tube method is a bench-scale metallurgical test procedure which provides an estimation of magnetically recoverable nickel and is the global industry-standard geometallurgical test for magnetic recovery for operations and exploration projects.Marilyne Lacasse, P. Geo., Senior Geologist for FPX Nickel Corp. is the Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.About the Baptiste Nickel ProjectThe Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni3Fe) hosted in an ultramafic/ophiolite complex. The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world and will produce a very high-grade product that does not require any intermediate smelting or complex refining. The Baptiste mineral claims cover an area of 453 km2 west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US$55 million has been spent on the exploration and development of Baptiste.In 2024, the Province of British Columbia identified the Baptiste Nickel Project as the first project to be included in the Province's new Critical Minerals Office ("CMO") concierge service initiative, a provincial strategy action to enable the prioritization of critical minerals projects in B.C. The CMO initiative is providing an excellent structure to proactively identify and address issues and opportunities ahead of the Project's entry into the environmental assessment process.About FPX Nickel Corp.FPX Nickel Corp. is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ On behalf of FPX Nickel Corp."Martin Turenne"
Martin Turenne, President, CEO and DirectorForward-Looking StatementsCertain 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.

Original: FPX Nickel Reports Confirmatory Results from Geotechnical Drilling at the Baptiste Nickel Project