FPX Nickel closes Sumitomo equity investment

• Thursday, January 25, 2024
• Source:ferro-alloys.com

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[Ferro-Alloys.com] 

 

FPX Nickel closes Sumitomo equity investment

 

Exploration and development company FPX Nickel has closed the private placement financing with new cornerstone investor Sumitomo Metal Mining, raising C$14.45-million.

 

The proceeds of the private placement will be used for exploration and development activities at its Baptiste nickel project, ongoing environmental baseline activities, feasibility study readiness activities and general corporate and administrative purposes.

 

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