- FPX Nickel announced today a $16 million equity investment from stainless steel producer Outokumpu.
FPX is focused on the exploration and development of the Decar Nickel District, located in central British Columbia."This strategic investment by Outokumpu represents a significant technical validation of FPX's Baptiste Nickel Project, and underscores Canada's critical role as a supplier of choice to allied industrial partners in Europe and the United States," commented Turenne.
"Our partnership with Outokumpu testifies to Baptiste's potential to produce a premium nickel product that can bypass the intermediate smelting stage, thus becoming a highly sought-after feedstock for the responsible production of low-carbon finished products in multiple consumer and industrial markets, including stainless steel.
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