FPX Nickel CEO Martin Turenne explains why nickel can be considered the ultimate battery metal. He provides a nickel market update as well as a FPX Nickel (TSXV:FPX; OTC:FPOCF) company update. FPX Nickel is one of Canada’s best nickel development companies with its PEA-stage Baptiste nickel deposit in its 100%-owned Decar nickel district in British Columbia. Martin elaborates on the Decar nickel district’s massive exploration potential which is about to be drilled this summer at the company’s Van target.
FPX Nickel will begin this summer the first ever drill program at its Van target. Martin has shared regarding Van’s prospectivity: “Most notably at the Van target, where we have delineated a drill target there based on outcropping surface samples of bedrock that covers an area about three square kilometers of outcrop. So that is the target scale. By way of comparison, the lateral footprint of Baptiste is only about two and a half square kilometers. And the other thing that we see at Van is not only is it larger in its scale conceptually at surface than Baptiste, but the grades are higher. The grades are about 10% to 15% higher in surface samples (0.16% DTR Ni).”
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0:00 Introduction
1:00 Nickel market update
2:32 Possible nickel substitute?
4:08 Nickel is the ultimate battery metal
5:12 Biden admin recognizes criticality of U.S. nickel supply
7:20 U.S. automakers moving upstream in order to secure raw materials
8:43 Waterton selling nickel project for hopefully $1B
11:30 Van target: potential world-class nickel discovery
13:56 How would success at Van change FPX’s focus?
15:01 Low or possibly net-negative carbon project
17:58 Recent financing
19:13 Recent share price commentary
20:00 Upcoming catalysts
21:05 Risks for FPX?
from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/3gTkdVS
