Monday, September 15, 2025

FPX Nickel Sees Strategic Investors Re-Up Ownership For $4.3 Million In Proceeds

FPX Nickel (TSXV: FPX) is reporting continued commitment from its strategic investors, whom have re-upped their position in the company following a financing conducted in January.

The company has seen three strategic shareholders exercise participation rights to maintain their initial ownership interest in the nickel explorer. The exercise has resulted in additional proceeds of $4.3 million at $0.48 per share for the company.

The additional investments consist of an unnamed corporate strategic investor, who spent $1.9 million to maintain their 9.95% interest, as well as Outokumpu Oyj, who spent $2.0 million to maintain a 9.9% interest, and Sumitomo Metal Mining Canada, who spent $0.4 million to maintain its 9.9% interest.

The three strategic investors collectively own a 29.75% stake in FPX, with management and high-net worth individuals estimated to hold a further 33% interest in the company.

Post-financing, the company is said to have cash on hand of $45.0 million, which is expected to fund planned developments for 2024 as well as 2025.

FPX Nickel last traded at $0.32 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

FPX Nickel Outlines $445 Million NPV For Nickel Sulphate Refinery

FPX Nickel (TSXV: FPX) has completed a scoping study on establishing a refinery for awaruite...

Monday, February 24, 2025, 09:17:28 AM

FPX Nickel Sees Sumitomo Take 9.9% Stake In Company

FPX Nickel (TSXV: FPX) has secured a strategic financing with a new major investor. Sumitomo...

Wednesday, January 17, 2024, 07:59:49 AM

FPX Nickel Enters MOU With Toyota Joint Venture For Use Of Nickel In Battery Supply Chain

FPX Nickel (TSXV: FPX) is potentially entering the battery supply chain, following a non-binding memorandum...

Friday, September 22, 2023, 08:48:33 AM

FPX Nickel Launches Scoping Study For BC-Based Nickel Sulphate Refinery

FPX Nickel (TSXV: FPX) is examining the feasibility of developing a nickel sulphate refinery, which...

Monday, September 16, 2024, 08:33:13 AM

FPX Nickel: The Baptiste Project & Recent Strategic Partnerships – With Martin Turenne

Martin Turenne, CEO of FPX Nickel Corp (TSXV: FPX) joins us today on the Daily...

Wednesday, October 18, 2023, 01:36:41 PM