Streetbeat News

FPOCF

FPX Nickel Corp

https://fpxnickel.com

CEO

Martin Turenne

Employees

Industry

Dimension Stone Mining and Quarrying

Open

0.16

Mkt cap

54M

Volume

97K

High

0.17

P/E Ratio

-17.00

52-wk high

0.29

Low

0.16

Div yield

N/A

52-wk low

0.15

At the Prospectors & Developers Association of Canada meeting, mining executives highlighted a 'trust deficit' with the public despite the industry's crucial role in producing metals for the energy transition. Challenges include long permitting times, labor shortages, and cost inflation. Teck Resources Ltd.'s CEO emphasized the need for the mining sector to regain trust by protecting and restoring nature. BHP Group Ltd. and Vale SA discussed the importance of community engagement and ethical sourcing. The industry's value in decarbonization and the need for better promotion were also noted.

Portfolio Pulse from Matt Whittaker

March 23, 2024 | 3:41 pm

FPX Nickel Corp. (OTC:FPOCF) has secured funding through 2025 with the backing of Sumitomo Metal Mining (OTC:SMMYY) and other strategic partners, despite a challenging financing market for junior mining companies. This funding, crucial for FPX's exploration of nickel for electric vehicle batteries, highlights a trend where battery and EV manufacturers invest in miners to secure future metal supplies. Other companies like Mitsubishi Corp. (OTC:MSBHF) and Frontier Lithium Inc. (OTC:LITOF) have also engaged in similar strategic investments.

Portfolio Pulse from Matt Whittaker

March 20, 2024 | 8:03 pm

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