from Kerry Lutz's Financial Survival Network
We received a sponsor update from FPX Nickel’s (🇺🇸 FPOCF — 🇨🇦 FPX) CEO Martin Turenne. The company has recently made a number of significant announcements. First, word came of a strategic partner investing C$12 million (name yet to be released). Then the Canadian government contributed C$725,000 to help advance FPX’s development of nickel and cobalt projects. Now, FPX has entered into a Global Generative Exploration Alliance with the Japan Organization for Metals and Energy Security (“JOGMEC”), which is the Japanese Government’s critical mineral agency. These developments affirm and validate the company’s strategy to develop its vast nickel holdings. Finally, Sprott Asset Management has included FPX in its newly minted nickel ETF. It’s the only junior nickel company to hold that distinction.
These developments come on the back of FPX’s successful Baptiste project pilot plant test that achieved high nickel recoveries. It proved that FPX’s vast awaruite nickel mineralization can be economically developed; its new extraction method works.
Upon joining FPX, Martin invested his own capital and kept his compensation low. He spent many days on the road seeking potential investors. The tables have turned. Now nickel users and investors are lining up to offer their support and capital for a share of FPX’s future clean nickel production.
Martin embodies the best attributes of a CEO. He never resorted to excessive dilution, by strictly controlling costs and putting capital to optimal use. Shareholders will profit from his stewardship.
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