The Study highlights FPX’s potential to develop the world’s largest integrated nickel sulphate production facility, linking the Company directly into the EV battery supply chain via the production of low-cost, low-carbon nickel sulphate over Baptiste’s projected 35-year mine life. Highlights
Background Upstream of EV battery manufacturers are chemical plants producing P-CAM (precursor cathode active material) and CAM (cathode active material) for inclusion into battery cell cathodes. These chemical plants require nickel inputs to produce P-CAM and CAM, with a preference for nickel sulphate specifically.
Vancouver, October 15, 2024 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“ FPX ” or the “ Company ”) is pleased to announce that it has successfully completed pilot-scale hydrometallurgy refinery testwork and produced battery-grade nickel sulphate from its Baptiste Nickel Project (“ Baptiste ” or the “ Project ”).
Figure 1 – Battery-Grade Nickel Sulphate Crystals Produced from Baptiste’s Awaruite Nickel Concentrate Background Upstream of EV battery manufacturers are chemical plants producing P-CAM (precursor cathode active material) and CAM (cathode active material) for inclusion into battery cell cathodes.
Nickel sulfate is the chemical compound used in the production of pre-cathode active materials for nickel-based lithium-ion batteries.
Based on the Study’s process design, the production of nickel sulphate from Baptiste’s awaruite nickel concentrate is expected to achieve stage nickel recoveries of approximately 97%, resulting in the annual production of approximately 43,500 tonnes of nickel in nickel sulphate in the form of either crystals (Option 1) or solution (Option 2).