FPX Nickel Expands Global Generative Alliance with JOGMEC, Boosting Exploration Budget to $1.5 Million

FPX Nickel has announced an expansion of its Global Generative Alliance program with the Japan Organization for Metals and Energy Security (JOGMEC), significantly increasing the exploration budget from the initially planned $650,000 to $1,500,000 for the second year of the partnership. This strategic collaboration focuses on identifying and acquiring high-quality awaruite nickel properties that share geological characteristics with the company's flagship Baptiste Nickel Project located in central British Columbia. The substantial funding increase demonstrates the continued commitment of both organizations to advancing exploration and acquisition efforts for strategic mineral assets critical to the global energy transition.

The expanded partnership comes at a time when global demand for nickel continues to grow, particularly for electric vehicle batteries and other clean energy technologies. FPX Nickel CEO Martin Turenne highlighted the progress of the alliance, noting that ongoing evaluations across five international jurisdictions and three Canadian provinces remain on track to define Designated Projects that will be joint ventured by FPX and JOGMEC beginning in Year Two. The alliance has already secured approximately 120 km2 of prospective ground in British Columbia, demonstrating the company's proactive approach to securing promising mineral tenure in strategic locations.

Looking forward, FPX Nickel is strategically positioning itself for additional mineral tenure acquisitions within British Columbia and other regions across Canada and internationally. These efforts align with the company's broader objective of identifying and advancing high-potential projects that complement its existing portfolio and strengthen its position in the global nickel market. The partnership with JOGMEC represents a significant international collaboration in the critical minerals sector, combining FPX Nickel's technical expertise with JOGMEC's strategic focus on securing stable mineral supplies for Japan's industrial needs.

As the Generative Alliance program continues to progress, FPX Nickel remains committed to leveraging its partnership with JOGMEC to drive exploration success and create value for shareholders. The expanded funding and accelerated exploration activities reflect the growing importance of strategic partnerships in developing critical mineral resources needed for the global transition to cleaner energy technologies. With its focus on securing promising mineral assets and advancing exploration initiatives, FPX Nickel is well-positioned for continued growth in the evolving nickel market landscape.