Announcement • Jun 12
FPX Nickel Corp. Provides Environmental Assessment Progress Update for Baptiste Nickel Project FPX Nickel Corp. acknowledged that, as previously anticipated, the Impact Assessment Agency of Canada has confirmed the requirement for a federal environmental assessment for the Company's Baptiste Nickel Project. The IAAC-led federal Planning Phase and determination for the need for a federal assessment included consultations with relevant provincial agencies, and First Nations to discuss ways to cooperate on an assessment. The determination that a federal Impact Assessment is required is consistent with the Physical Activities Regulation given the proposed Baptiste mill throughput. The decision was made as a customary procedural step, part of the legislated federal EA Planning Phase. Clarity that a federal EA is required supports implementation of existing agreements between British Columbia and Canada for EA and permitting of critical mineral projects, supporting the coordinated 'one project, one process' approach for Baptiste. In the next step of the EA process, and as outlined in the Company's April 21, 2026 news release, FPX will incorporate the outcomes of the federal and provincial Joint Summary of Issues and Engagement into a Detailed Project Description concluding the early engagement and planning phases of the EA process. The Detailed Project Description will provide definition for the required information, permits and timelines for the EA, with a planned submission in mid-2027 consistent with defined EA processes. The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni3Fe) hosted in an ultramafic/ophiolite complex. The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world and will produce a very high-grade product that does not require any intermediate smelting or complex refining. The Baptiste mineral claims cover an area of 453 km2 west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately USD 55 million has been spent on the exploration and development of Baptiste. New Risk • Jun 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$138.9m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$17m free cash flow). Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$138.9m market cap, or US$99.7m). Announcement • May 28
FPX Nickel Corp. Announces Departure of Felicia de la Paz, Corporate Secretary, Effective June 30, 2026 FPX Nickel Corp. announced that Felicia de la Paz, FPX's Corporate Secretary will be departing the Company to assume a new role, effective on June 30, 2026. FPX has commenced a search for a new Corporate Secretary, and Ms. de la Paz will assist the Company to ensure a successful transition of responsibilities prior to her departure. 
