FPX Nickel ( (TSE:FPX) ) has issued an update.
FPX Nickel Corp. has announced a Scoping Study for a new standalone refinery aimed at producing battery-grade nickel sulphate from awaruite concentrate, primarily for the electric vehicle industry. The study highlights the project’s strong economic potential, with an after-tax NPV of $445 million and a 20% IRR, alongside a 40-year operational lifespan. The refinery is expected to produce 32,000 tonnes per annum of nickel, with low operating costs and carbon intensity, positioning it competitively within the global market.
More about FPX Nickel
FPX Nickel Corp. is a company operating in the mining industry, focusing on the extraction and refinement of nickel. The company is involved in producing battery-grade nickel sulphate for the electric vehicle industry, along with by-products such as cobalt, copper, and ammonium sulphate.
Average Trading Volume: 58,945
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$73.9M
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